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dybincka [34]
4 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]4 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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When Whitney took over her father's sporting goods store, she evaluated some of her father's vendor relationships. She found tha
kolezko [41]

Answer:

The answer is D. Open communication is key in building lasting relationships whether in business or in personal relationships.

Explanation:

For two companies to maintain a strategic relationship, there must be open communication.  Whitney displayed correct understanding of this ingredient for strategic relationships.

That was why she was open enough to work out a more amicable relationship with Rodney.  She discussed her sales goals and new ideas for the business.  On Rodney's part, he showed no interest.  He was not ready to discuss his own sales goals.

Rodney lost a golden opportunity offered by Whitney by opening up communication.  He should have embraced the chance to bring up his concerns and discuss his goals openly, unless he is hiding something.  He could be deliberately overcharging on price.  These comments remain mere guesses as Rodney failed to open up.

7 0
3 years ago
Which of the following are elements you should include in meeting minutes? Check all that apply.
GREYUIT [131]

Answer:

The correct answer are A and D.

Explanation:

Meeting minutes is the one which involve the name of the group, time as well as date and the place of the meeting, names of the absentees and attendees, record and reports of old business as well as new business, approval of previous minutes, the precious wording of motions which comprise of action taken and vote and the person signature and name.

6 0
4 years ago
Larkspur Co. had cost of goods sold of $3,100. If beginning inventory was $3,200 and ending inventory was $1.050. Larkspur's pur
AleksandrR [38]

Answer:

cost of goods purchased= $950

Explanation:

Giving the following information:

Larkspur Co. had cost of goods sold of $3,100.

Beginning inventory was $3,200

Ending inventory was $1,050

<u>To calculate the purchases, we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

3,100 = 3,200 + cost of goods purchased - 1,050

cost of goods purchased= 950

5 0
4 years ago
Brodrick Company expects to produce 21,700 units for the year ending December 31. A flexible budget for 21,700 units of producti
statuscvo [17]

Answer:

\left[\begin{array}{cccc}&$Flexible Budget&$Actual&$Variance\\$Sales&548,000&500,000&48000U\\$Variable&-82,200&-113,700&31,500U\\$Contribution&465,800&386300&79,500U\\$Fixed Cost&-142,000&-134,000&8,000F\\$Income&323,800&252300&71,500U\\\end{array}\right]

Explanation:

Sales Price: 434,000 / 21,700 = 20

Variable cost: 65,100 / 21,700 =   3

fixed cost: 142,000

Values at 27,400 units:

sales:  27,400 units x $20 = 548,000

variable cost: 27,400 units x $3 = 82,200

Now, we compare with the actual result and calcualte the income

3 0
3 years ago
In monopolistic competition firms gain some degree of market power
saw5 [17]
They gain some degree of power by means of differentiating  their products from those of other firms in the industry. Remember that a monopolistic competition is the one where many firms selling products that are similar but not identical which is very different from oligopoly and the one known as imperfect competition
7 0
3 years ago
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