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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

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Answer:

The correct answer is C. when income​ increases, demand for a normal good increases while demand for an inferior good falls.

Explanation:

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Answer:

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B

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