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dybincka [34]
3 years ago
10

Information for Nighttime Company's direct labor cost for February is as follows: Actual direct labor hours 70,000 Total direct

labor payroll $ 497,000 Efficiency variance $ 7,260 F Rate variance $ 35,000 U What were the standard direct labor hours for February
Business
1 answer:
podryga [215]3 years ago
8 0

Answer:

71,100

Explanation:

The calculation of standard direct labor hours is shown below:-

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

$35,000 = ($497,000 ÷ 70,000 - Standard rate) × 70,000

(7.1 - Standard rate) = $0.5

= $6.6 per hour

= Labor variance efficiency = (70,000 - Standard hour) × $6.6 per hour

= -$7,260 = (70,000 - Standard hour) × $6.6 per hour

Standard hours = $70,000 + 1,100

= 71,100

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Of the approximately 27.3 million small businesses in this country, ____ have no employees.
jenyasd209 [6]
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3 0
3 years ago
LNS Corporation generated a minimum tax credit of $100,000 in 2017. LNS has a regular tax liability of $80,000 in 2018. How much
erik [133]

Answer:

$10,000

Explanation:

Calculation for How much of the 2017 minimum tax credit is refundable to LNS in 2018

Refundable minimum tax credit=($100,000-$80,000)*50%

Refundable minimum tax credit=$20,000*50%

Refundable minimum tax credit=$10,000

Note that the 50% represent the refund of the minimum tax credit that is still remaining

Therefore How much of the 2017 minimum tax credit is refundable to LNS in 2018 will be $10,000

5 0
3 years ago
Forest Beach Company experienced an event that had the following effects on its financial statements.
il63 [147K]

Answer:

(C) Collected cash for the principal balance of a note receivable

Explanation:

This is so because paying off principal balance of a note payable will definitely reduce cash asset and ultimately lead to liabilities of note payable. The cash outflow from the payoff of the note payable would be classified as a financing activity, and this way the the income statement is not affected.

7 0
3 years ago
Assume that $1 million is deposited into a bank with a reserve requirement of 15 percent. The value of the money multiplier is 6
Kryger [21]

Answer:

maximum change in money supply is $6.67 million

Explanation:

given data

deposit = $1 million

reserve requirement = 15%

money multiplier = 6.67

to find out

maximum change in money supply

solution

we know here money multiplier is given =  6.67

so maximum change in money will be

maximum change = deposit × money multiplier

put here value

maximum change = $1 million × 6.67

maximum change = $6.67 million

so maximum change in money supply is $6.67 million

6 0
3 years ago
Why does the monirator report your awnsers when you awnser his questions? R.U.D.E.
astra-53 [7]
I guess he thought you plagiarized the answer, or you didn't fully answer his question. One possibility could be that he wanted the points back, if you could get them back.
5 0
3 years ago
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