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alina1380 [7]
3 years ago
14

Highfill Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product D80D

specifies 6.6 direct labor-hours per unit of D80D. The standard variable overhead rate is $6.10 per direct labor-hour. During the most recent month, 1,300 units of product D80D were made and 8,700 direct labor-hours were worked. The actual variable overhead incurred was $56,770. Required: a. What was the variable overhead rate variance for the month
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
4 0

Answer:

Manufacturing overhead rate variance= $3,741 unfavorable

Explanation:

Giving the following information:

The standard variable overhead rate is $6.10 per direct labor-hour.

During the most recent month, 1,300 units of product D80D were made and 8,700 direct labor-hours were worked. The actual variable overhead incurred was $56,770

To calculate the variable overhead rate variance, we need to use the following formula:

Manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

actual rate= 56,770/8,700= $6.53 per hour

Manufacturing overhead rate variance= (6.1 - 6.53)*8,700

Manufacturing overhead rate variance= $3,741 unfavorable

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Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat
Furkat [3]

Answer:

2.59

Explanation:

Calculatation for the cost per equivalent unit of materials

First step is to find the Equivalent unit of material (FIFO)

Equivalent unit of material (FIFO) = [83,000*(100%-70%)+253,000+31,500*40%]

Equivalent unit of material (FIFO) = [83,000*30%+253,000+31,500*40%]

Equivalent unit of material (FIFO) = 24,900+253,000+12,600

Equivalent unit of material (FIFO) = 290,500

Second step is to calculate for the cost per equivalent unit of materials using this formula

Cost per equivalent unit of material = Direct Materials/Equivalent unit of material (FIFO)

Cost per equivalent unit of material = $754,680/290,500

Cost per equivalent unit of material =2.59

Therefore the cost per equivalent unit of materials is 2.59

7 0
3 years ago
Mishandling and/or improperly managing a borrower’s funds is a practice prohibited by:___.
Gemiola [76]

Mishandling and/or improperly managing a borrower’s funds is a practice prohibited by RESPA

  • The Real Estate Settlement Procedures Act (RESPA) gives consumers more information about settlement expenses and lowers closing costs by doing away with kickbacks and referral fees.
  • The RESPA Act was ratified in December 1974 and went into force on June 20 of the following year. RESPA bans sellers from requiring title insurance firms and forbids loan servicers from requesting unreasonably large escrow accounts.
  • When bribes or other unethical activities took place during the settlement process, a plaintiff has up to one year to file a case to enforce violations. Mortgage loans for residential properties with one to four families are covered by the RESPA Act.
  • The majority of these are loans for purchases, refinances, assumptions, loans for property improvements, and equity lines of credit.

Learn more about RESPA here brainly.com/question/28202570

#SPJ4.

7 0
2 years ago
Approximately how much of what employees know about their work is attributable to formal organizational training?
sesenic [268]

Options: A. 70% B.30% C.10% D.50%

Answer:10%

Explanation:Formal training is a type of training program conducted by formal Organisations where the employees are assembled in a classroom and are trained by professionals.

Most of the trainings taking place in Organisations are informal which doe not require any classroom activities,informal trainings are trainings which are that does not require any proper or well laid down procedures they are usually done ON THE JOB, or through APPRENTICESHIP etc.

5 0
3 years ago
Looking at four pillars of a healthy relationship (trust, respect, support and communication), how would you as a health care le
serg [7]
Like Michael Jackson once said. Look at the man in the mirror and make a change. and then help others to address their problems
7 0
2 years ago
Johanna Godfrey works as a guest relations executive at a five star deluxe hotel in Washington. During the course of her job, sh
bixtya [17]

Answer:

emotional labor

           

Explanation:

In simple words, emotional labor refers to the  process in which an employee has to control his or her emotions due to the requirements of the job he or she has to perform. Generally, such kind of labor is required in jobs where the employee has to directly deal with the clients of the organisation.

In other words, it is concerned with acting in a specified emotion no matter what the situation is and what emotions one is actually feeling at the moment.  Emotional labor often leads to dissatisfaction for jobs and poor mental health of employees.

7 0
3 years ago
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