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enyata [817]
3 years ago
11

The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor ho

urs worked, the direct labor price (rate) variance is:
Business
1 answer:
White raven [17]3 years ago
5 0

Answer:

The variance is: $ 0.50 per direct labor hour.

Explanation:

Actual payroll = $117,000/6000h = $19.50 per hour

So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour

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During March, Pendergraph Corporation incurred $65,000 of actual Manufacturing Overhead costs. During the same period, the Manuf
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Answer: Credit to manufacturing overhead of $67000.

Explanation:

The journal entry to record the application of Manufacturing Overhead to Work in Process would be:

Debit Work in Progress $67000

Credit Manufacturing overhead $67000.

( To record the application of manufacturing overhead to work in process).

5 0
3 years ago
Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 3.0% in thi
jonny [76]

Answer:

14 Months

Explanation:

Last year’s sales = $163,508,343

As per the given data next year sales is increased by 3.0%.  

= 0.03 * $163,508,343 = $4,905,250.29 ~= $4,905,250  

Revenue added to the bottom line = 34.1% of increased demand

= 0.341 * $4,905,250 = $1,672,690.25~= $1,672,690

TQM investment = $2,000,000

Payback = (Investment in TQM / Revenue added to the bottom line) * 12

= ($2,000,000 / $1,672,690) * 12 = 14.34 ~= 14 Months

Hope this helps!

8 0
3 years ago
Pretax accounting income for the year ended December 31, 2021, was $42 million for Truffles Company. Truffles' taxable income wa
Zielflug [23.3K]

Answer:

$13million

Explanation:

7 0
3 years ago
Read 2 more answers
Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance shee
kumpel [21]

Answer:

Indicating how each receivable is reported on the balance sheet:

(a) Advanced $10,000 to an employee = Other Receivable

(b) Received a promissory note of $34,000 for services performed = Notes Receivable

(c) Sold merchandise on account for $60,000 to a customer = Accounts Receivable

Explanation:

The advance to an employee is reported as Other Receivable, while the credit sale to a customer is reported as an Accounts Receivable.  Finally, the promissory note received from a client for services rendered on credit is reported as Notes Receivable.  This classification of receivables shows the true nature of the underlying transactions.

3 0
2 years ago
Suppose White Company manufactures chairs. One model is the executive chair that sells for $220. White Company projects sales of
lianna [129]

Answer:

$55,000

Explanation:

we must determine the total budgeted manufacturing cost per unit = direct materials per chair x direct labor per chair + variable manufacturing overhead cost per chair = $60 + $30 + $20 = $110 per unit

total budgeted sales = 500 units sold in January

budgeted cots of goods sold = 500 units x $110 per unit = $55,000

3 0
3 years ago
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