1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
diamong [38]
2 years ago
12

Use the following for the next five questions: The following data is given for the Walker Company: Budgeted production..........

.....................................1,000 units Actual production........................................................980 units Materials: Standard price per lb.......................................................$2.00 Standard pounds per completed unit....................................12 Actual pounds purchased and used in production.........11,800 Actual price paid for materials......................................$23,000 Labor: Standard hourly labor rate....................................$14 per hour Standard hours allowed per completed unit.........................4.5 Actual labor hours worked................................................4,560 Actual total labor costs..................................................$62,928 The total direct labor variance is:
Business
1 answer:
PtichkaEL [24]2 years ago
8 0

Answer:

$1,188 unfavorable

Explanation:

The computation of the total direct labor variance is shown below:

Total Labor Variance is

= Total standard cost - total actual cost

=  (Standard hours ×  Standard rate) - (Actual hours × Actual rate)

= (980 units × 4.5 × $14)  - ($62,928)

= 61,740 - $62,928

= $1,188 unfavorable

Since the actual cost is more than the standard cost which results into unfavorable variance  

You might be interested in
Hearing an alarm → waking up → on schedule for getting to work on time is an example of a complex discrimination. question 4 opt
m_a_m_a [10]
No, that's not a true statement. It's false.


(:
7 0
3 years ago
Read 2 more answers
3. What type of risk is relevant for determining the expected return?
erma4kov [3.2K]

Answer:

Systematic risk.

Explanation:

Systematic risk corresponds to the risk of the financial market as a whole. In other words, it is the risk that affects the economy and it is difficult to predict and prevent it from occurring. As an example, a risk of bankruptcy of financial institutions and banks can be mentioned.

This systemic risk therefore affects the expected return on an investment.

8 0
3 years ago
Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations.
elena-s [515]

Answer:

a. $131,880

b. $167,310

c. $156,050

d. $151,390

Explanation:

(a) Income from operations

Income from Operations is Income resulting from Primary Trading Activities of the Company.

Income from Operations = Gross Profit + Operating Income - Operating Expenses

where,

Gross Profit = Sales - Cost of Goods Sold

                    = $334,910 - $149,030

                    = $185,880

thus,

Income from Operations = $185,880 - $54,000 = $131,880

(b) Net income

Income resulting from Primary and Secondary Trading Activities of the the Company.

Net income = Income from Operations + Non Operating Income - Non Operating Expenses

                   = $131,880 + $32,710 + $9,080 - $6,360

                   = $167,310

(c) Comprehensive income

Income from both Continuing and Non - Continuing Activities.

Comprehensive income = Net income + Non - Continuing Activities

                                         = $167,310 - $11,260

                                         = $156,050

(d) Retained earnings balance at December 31, 2020

The Income remaining after distributions to shareholders have been made.

Retained earnings = Comprehensive income  - Dividends

                               = $156,050 - $4,660

                               = $151,390

8 0
3 years ago
A firm that is a "pure monopoly" is
vichka [17]
I believe it is A

a monopoly is when a company owns all the companies in that buisnesses
7 0
3 years ago
The Pita Pit borrowed $198,000 on November 1, 2021, and signed a six-month note bearing interest at 12%. Principal and interest
pantera1 [17]

Answer:

$3,960

Explanation:

The Borrowed amount is $198,000 on November 1, 2021.

The interest expense  at December 31, 2021 is calculated as shown below:

I=PRT

R=12%=0.12

P=$198,000

T=2 Months=(2/12) year

I=198,000*0.12*(2/12)

I=$3960

The correct option will be "B. $3,960."

5 0
2 years ago
Other questions:
  • The predominant approach to employee compensation is:
    5·1 answer
  • You are an employee of University Investment Consultants, Ltd. and have been given the following assignment. You are to present
    8·1 answer
  • I'm pretty sure I am about to get kicked off of this site;)
    7·2 answers
  • Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below.
    5·1 answer
  • Determine the variance and indicate if each variance is favorable (F) or unfavorable (U). Variances are absolute numbers so no (
    6·1 answer
  • . In 2015, The Avengers: Age of Ultron generated about $191.2 million on its opening weekend. In 2007, Spider Man 3 generated $1
    8·1 answer
  • The gaming commission is introducing a new lottery game called Infinite Progresso. The winner of the Infinite Progresso jackpot
    5·1 answer
  • Christine and Doug are married. In 2014, Christine earns a salary of $250,000 and Doug earns a salary of $50,000. They have no o
    9·1 answer
  • What accounts for the increase in operating support when an independent business expands by becoming a franchisor?
    6·1 answer
  • Example of secondary packaging images​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!