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skelet666 [1.2K]
3 years ago
13

The following data pertain to operations concerning the product for the last month: Actual hours worked 8,100 hours Actual total

labor cost $119,880 Actual output 800 units What is the labor rate variance for the month?
Business
1 answer:
choli [55]3 years ago
8 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

<u>We weren't provided with enough information to solve the requirement. But, I will provide an example and the formula to guide an answer.</u>

For example:

Standard rate per hour= $15

Actual hours worked 8,100 hours

Actual total labor cost $119,880

<u>To calculate the direct labor rate variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 119,880/8,100= $14.8

Direct labor rate variance= (15 - 14.8)*8,100

Direct labor rate variance= $1,620 favorable

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3 years ago
Could the central utility plant be built in a way that would allow for expansion as the additional buildings are built?
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HVAC:

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6 0
1 year ago
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Answer: b. pays cash before the expense has been incurred.checked

d. receives cash before the revenue has been generated

Explanation:

Here is the complete question:

Deferral adjustments are needed when the business:

a. pays cash after the expense has been incurred.unchecked

b. pays cash before the expense has been incurred.checked

c. receives cash after the revenue has been generated.unchecked

d. receives cash before the revenue has been generated.

Adjustments are made during the end of every accounting period in order to report the revenues and the expenses in proper period at which they occur and also in order to report the assets and the liabilities at their appropriate amounts.

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