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
Artemon [7]
3 years ago
5

Alkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours we

re 5 hours per plane. Its standard labor hours are 10 hours per plane. The standard labor rate is $8 per hour. At the end of November, Alkyl Fliers found that it had a favorable labor rate variance of $12,000. What was Alkyl Fliers' actual cost per labor hour
Business
1 answer:
aleksandrvk [35]3 years ago
5 0

Answer:

$108,000

Explanation:

Favorable rate variance arises when the actual cost is lower than the implied cost. Implied cost can be calculated by multiplying standard rate with actual hours.

Labor rate variance = Actual Labor cost - Implied Labour cost  

Favorable Labor rate variance = Implied Labour cost - Actual Labor cost

Favorable Labor rate variance = (Standard rate x Actual hours) - Actual Labor cost

$12,000 = ($8 x (5 x 3000)) - Actual Labor cost

$12,000 = ($8 x 15,000) - Actual Labor cost

$12,000 = $120,000 - Actual Labor cost

Actual Labor Cost = $120,000 - $12,000 = $108,000

You might be interested in
Procter & Gamble makes Tide, Cheer, Ivory Snow, and Bold detergents as well as PertPlus, Rejoice, and Vidal Sassoon shampoos
MissTica

Answer:

Individual

Explanation:

Individual strategic plan: It is a plan created for achieving personal goal. These plan define how important is the goal to individual and what all sacrifice that each can bear to achieve that personal goal. Before developing an individual strategic plan, it is important to evaluate personal strength and weakness.

In the given case, Procter & Gamble have produced different products with unique and separate brand name as they are using Individual strategy, so that each brand should be clear with its usage and can be helful in penetrating in market.

4 0
3 years ago
Kline Construction is an all-equity firm that has projected perpetual earnings before interest and taxes of $628,000. The curren
ArbitrLikvidat [17]

Based on the information given the levered value of the firm is $3,824,318.

First step is to calculate the Unlevered firm value

Unlevered firm value = EBIT(1 - Tax) / Cost of equity

Unlevered firm value= $628,000 x (1-.35)/.176

Unlevered firm value= $628,000 x (1-.35)/.176

Unlevered firm value = $628.000×.65/.176

Unlevered firm value = $2,319,318

Second step is to calculate Levered firm value

Levered firm value = Unlevered firm value + (Tax rate× Debt))

Levered firm value= $2,319,318 + (.35 x $4,300,000)

Levered firm value= $2,319,318 +$1,505,000

Levered firm value = $3,824,318

Inconclusion the levered value of the firm is $3,824,318.

Learn more about levered value here:brainly.com/question/20067496

8 0
2 years ago
Exercise 19-13 Variable cost analysis for a special order LO A1 Grand Garden is a luxury hotel with 160 suites. Its regular suit
zysi [14]

Answer:

If the special offer earns a positive contribution margin, we should accept the special order.

Explanation:

Given that,

No. of suites in luxury hotel = 160

Regular suite rate = $210 per night per suite

Hotel’s cost per night = $135 per suite

Variable direct labor and materials cost = $36

Fixed cost = 99

Total cost per night per suite = $135

Contribution margin per night per suite:

= Room rate per night - Variable cost per night

= $94 - $36

= $58

Contribution margin from special offer:

= Contribution margin per night per suite × Number of nights × Number of suits

= $58 × 3 × 45

= $7,830

Management should accept the special offer.

When the company receives offer, the hotel is running at low season. occupancy rate is 55%

If the special offer earns a positive contribution margin, we should accept the special order.

Room rate is $94 for special order.

8 0
3 years ago
A monopolist faces a
Maru [420]

Answer:

C

Explanation:

8 0
3 years ago
Challenge Tennis​ & Recreation's operating activities for the year are listed below. Purchases ​$174 comma 800 Operating exp
makkiz [27]

Answer:

The answer is $169,400

Explanation:

Gross profit is a line item under income statement and it is the difference between net sales(revenue) and cost of sales. It is a measure of profitability ( net sales - cost of sales?

Cost of sales = beginning Inventory + purchases - ending Inventory

$27,600 + $174,800 - $37,800

$164,600.

Now, cost of sales is: ( net sales - cost of sales)

$334,000 - $163,800

=$169,400

6 0
2 years ago
Other questions:
  • A company's Office Supplies account shows a beginning balance of $720 and an ending balance of $640. If office supplies expense
    6·1 answer
  • Standard Olive Company of California has a $1,000 par value convertible bond outstanding with a coupon rate of 8 percent and a m
    15·1 answer
  • True or false: economies of scale exist when expansion of the scale of production causes total production costs to increase more
    10·1 answer
  • The employees of eco engineering inc. share company-related resources among multiple computers without requiring a central netwo
    12·1 answer
  • True or false: strength machines are generally regarded as superior to free weights for improving core stability and coordinatio
    14·1 answer
  • Steve's utility for socks (91) and other goods (92) is given by U(21,92) = 10q1.1 q2.9 The price of the composite good is p2=1 a
    14·1 answer
  • Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
    7·1 answer
  • Jake owns The Corner Market which he is trying to sell so that he can retire and travel. The Corner Market owns the building in
    14·1 answer
  • _____ are costs of selecting one opportunity or investment over another.
    14·1 answer
  • According to the revenue recognition principle, revenue is to be recognized when:____.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!