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
murzikaleks [220]
3 years ago
14

Flapjack Corporation had 7,953 actual direct labor hours at an actual rate of $12.00 per hour. Original production had been budg

eted for 1,100 units, but only 988 units were actually produced. Labor standards were 7.5 hours per completed unit at a standard rate of $12.88 per hour. The direct labor rate variance is a.$6,998.64 unfavorable b.$6,998.64 favorable c.$7,299.25 unfavorable d.$7,299.25 favorable
Business
1 answer:
uysha [10]3 years ago
5 0

Answer:

The correct answer is:

$6,998.64 favorable (b)

Explanation:

The direct labor rate/price variance is the difference between the standard cost of production and the actual cost incurred in the production process. If the actual rate of labor is less than the standard labor rate, it is said to be favorable, because lesser time is used in the production process than estimated. The reverse is the case for unfavorable direct labor rate variance.

The formula is given as:

Direct Labor Rate Variance = (SR - AR) × AH

Where

SR = standard rate = $12.88 per hour

AR = actual rate = $12.00 per hour

AH = actual direct labor hours = 7,953 hours

∴ Direct labor rate variance = (12.88 - 12.00) × 7,953 = $6,998.64 favorable

You might be interested in
On the Navigation Bar, which of the following would you select to enter inventory item maintenance information?
4vir4ik [10]

Answer:

4. Maintain; Defaults, Inventory Items, record inventory information.

Explanation:

The question, in my understanding, is referring to master data of inventory items. Most enterprise inventory systems maintain attributes/information about a specific inventory item in a master table so that this record (and all other default info saved against it) can be pulled up and used in transactions as needed. Answers 1-3 are all pertaining to transactions and not maintenance information.

8 0
3 years ago
Which of the following BEST describes a company's proper liquidity management?
Naddika [18.5K]

Answer:

A. Liquidity management is a balancing act, managers try to find liquidity levels that are neither too high not too low.

Explanation:

Maintaining proper liquidity is an important financial objective of management. Proper liquidity management demands that an entity should be able to meet his short term financial obligation and making sure that liquid assets of the entity are not idle. In order to achieve this, the best way to go is to maintain a level that is neither too high and not too low. Not too high means the entity is not holding too much cash or liquid assets than it currently need to meet its short term financial obligation.

For example, not keeping too much cash in current account but investing them in interest-earning investment assets.

Not too low means the cash or liquid assets held by an entity should not less than the amount needed to meet its short term financial obligation. For example, making sure that the entity has enough cash or readily convertible liquid assets that can be used to pay vendors, rent, interest and meet other short term financial obligation.

Option B is false because keeping too much does not help to maximize short term earnings which is a feature of proper liquidity management. Option C is wrong because there is no guideline to support that deferring coupon payment won`t attract payment and this does not connote proper liquidity management.

Option D is obviously false and does not describe proper liquidity management.

4 0
3 years ago
Read 2 more answers
Fannie mae says lenders need to use appraisers who have ___________________ appraising manufactured homes.
Marysya12 [62]

Fannie mae says lenders need to use appraisers who have knowledge, experience, and data sources for appraising manufactured homes.

The term appraiser refers to that professional person who determines the market value of an asset generally in the real estate industry.

An appraiser should always act independently of the buying and selling parties in a transaction. The opinion given by them  about the real and fair value of an appraised asset must be unbiased in nature. It must be valued by using observations as well as relevant statistics or  facts, and the other information.

Depending upon the circumstances, the appraisers always presents their findings in a written as well as verbal appraisal.

To know more about the appraiser here:

brainly.com/question/14473044

#SPJ4

6 0
1 year ago
An emerging market is?
aivan3 [116]

Answer:

a market located in an economy with low to middle per capita income.

<h3><u>PLEASE</u><u> MARK</u><u> ME</u><u> BRAINLIEST</u><u>.</u></h3>
8 0
3 years ago
Christopher is an unpaid, stay-at-home father who works as a volunteer at the local Habitat for Humanity chapter. Currently, Chr
zheka24 [161]

Answer:

The correct answer is option a.

Explanation:

The bureau of labor statistics calculates the data regarding the unemployment rate in the US economy. It calculates the unemployment rate as the ratio of total unemployed to the total labor force.  

Those people who are having a job or business and are working for profit or those who are currently unemployed and looking for jobs are included in the labor force. Students, retirees, and discouraged workers are not included in the labor force.  

Here, Christopher is neither working for profit nor looking for work so he will not be considered unemployed or in labor force.

4 0
3 years ago
Other questions:
  • A company's income statement showed the following: net income, $122,000; depreciation expense, $34,000; and gain on sale of plan
    8·1 answer
  • Suppose the nation of Canada forbids international trade. In Canada, you can obtain a hockey stick by trading 5 baseball bats. I
    5·1 answer
  • Of the following types of administrative professionals, which one can expect to earn the highest salary?
    11·1 answer
  • Define the term partnership as a type of business
    11·1 answer
  • At the end of the current year, $17,555 of fees have been earned but have not been billed to clients. Journalize the adjusting e
    11·1 answer
  • 1. Almost half the jobs in this country come from small businesses.<br> True<br> False
    15·1 answer
  • Peach Company uses a weighted-average process-costing system. Company records disclosed that the firm completed 40,000 units dur
    14·1 answer
  • What taxes and withholdings take the biggest bite out of the amount of your paycheck?.
    5·1 answer
  • Matt's factory rents equipment and hires students to produce sports bags. Compare the outputs at which Matt's AVC and ATC curves
    7·1 answer
  • Mcdonald’s will recognize a gain if it generates an amount of revenue that is higher than its operating expenses. This statement
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!