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Lapatulllka [165]
3 years ago
8

Total Variable Overhead Variance Mulliner Company showed the following information for the year: Standard variable overhead rate

(SVOR) per direct labor hour $3.50 Standard hours (SH) allowed per unit 3 Actual production in units 20,000 Actual variable overhead costs $220,500 Actual direct labor hours 61,200 Required: 1. Calculate the standard direct labor hours for actual production.
Business
1 answer:
skelet666 [1.2K]3 years ago
6 0

Given:

Standard variable overhead rate = $3.50

Standard hours per unit = 3 hours

Actual production in units = 20,000

Find:

Standard direct labor hours for actual production = ?

Computation of standard direct labor hours for actual production.

Standard direct labor hours for actual production = Actual units produced × Standard Hours per unit

Standard direct labor hours for actual production = 20,000 × 3 hours

Standard direct labor hours for actual production = 60,000 hours

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The Phillips curve was a concept used for manual macroeconomic policy inside the 20th century however become called into question by the stagflation of the 1970s. according to the NAIRU concept, expansionary financial policies will create the best temporary decreases in unemployment as the financial system will regulate the natural fee. moreover whilst unemployment is below the natural fee inflation will accelerate.

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