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
Mandarinka [93]
3 years ago
11

Ravena Labs., Inc. makes a single product which has the following standards:

Business
1 answer:
slega [8]3 years ago
8 0

Answer:

Direct labor time (efficiency) variance= $4,375 unfavorable

Explanation:

Giving the following information:

Standard

Direct labor...........................................1.4 hours at $12.50 per hour

Direct labor-hours worked: 5,600 hours for $67,200.

units produced= 3,750

To calculate the direct labor efficiency variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

standard quantity= 1.4*3,750= 5,250

Direct labor time (efficiency) variance= (5,250 - 5,600)*12.5

Direct labor time (efficiency) variance= $4,375 unfavorable

You might be interested in
The umayyad insisted that conquered people pay a special head tax if they did not convert to islam. this head tax was called the
likoan [24]
The special tax was called J<span>izya.</span>
6 0
2 years ago
The P/E ratio for a certain stock was high. This means _____.
Paraphin [41]
4.when you divide the closing price by the dividend you get a number higher thsn 50
8 0
3 years ago
gdp is the best measurement of a country's economy. explain why you agree or disagree with this statement
Sonja [21]
GDP is designed to assess the production of goods in a market economy by output. However, it is not efficient in accounting for public and private services that without output that are easily countable by the number of units produced. GDP is not also well suited in measuring improvements in the diversity and quality of goods and services. It is also poor in estimating the depletion of resources. Finally, it doesn't also reflect the degradation of the environment involved in the production process.
3 0
3 years ago
There is nothing that can be done when advertisers record and transmit their advertisement at higher volume than the
Naddik [55]

Answer:

This is false. The TV network is able to limit how often commercials and advertisements are played on their network channel.

7 0
1 year ago
Select the appropriate reporting method for each of the items listed below.
Radda [10]

Answer:

        Items                   ---             Reporting Method

1 . Accounts payable - Current liability

2 . Current portion of long-term debt - Current liability

3 . Sales tax collected from customers - Current liability

4 . Notes payable due next year - Current liability

5 . Notes payable due in two years - Long-­term liability

6 . Advance payments from customers - Current liability

7 . Commercial paper - Current liability

8 . Unused line of credit - Disclosure note only

9 . A contingent liability that is probable likelihood of occurring within the next year and can be estimated - Current liability  

10 . A contingent liability that is reasonably possible likelihood of occurring within the next year and can be estimated - Disclosure note only

6 0
3 years ago
Other questions:
  • Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $170 in cash from a
    12·1 answer
  • The idea of _____ is a form of innovation that constantly seeks ways to improve business processes and add value to products and
    7·1 answer
  • S takes out a health insurance policy which contains a provision that states that the agent does not have the authority to chang
    7·1 answer
  • Otion Inc. is a relatively new firm in the consumer electronics industry. The company's primary objective is to become the marke
    6·1 answer
  • A meteor is approaching Earth. Which statement about its motion is true?
    13·1 answer
  • Although other countries are finding non-traditional oil reserves and establishing methods of extraction to retrieve them, who i
    8·1 answer
  • You run a small community or country and your primary output is the growing of wheat and the sewing of socks. You are able to pr
    11·1 answer
  • Consider the following activities that take place in a veterinary clinic.
    11·1 answer
  • Budgeting, ethics, pharmaceutical company. Chris Jackson was recently promoted to Controller of Research and Development for Bri
    12·1 answer
  • A product's target market is part of which of the 4 P's of marketing?​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!