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
Stels [109]
3 years ago
13

Ultimate Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard for each

radio is 0.9 hours. The standard direct labor cost per hour is $7.20. During the month of August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708. This resulted in the production of 6,900 water ski radios for August. What is Zanny's labor rate variance for August?
a. $2,808 Unfavorable
b. $1,188 Unfavorable
c. $972 Favorable
d. $2,160 Favorable
Business
1 answer:
andre [41]3 years ago
6 0

Answer:

Direct labor rate variance= $594 unfavorable

Explanation:

Giving the following information:

The standard direct labor cost per hour is $7.20.

During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.

<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= 48,078/6,600= $7.29

Direct labor rate variance= (7.20 - 7.29)*6,600

Direct labor rate variance= $594 unfavorable

You might be interested in
On august 1, harvey company offered to pay $13,000 for equipment that was advertised as being sold for $19,000 by carrone compan
Fynjy0 [20]

Answer: Harvey company will record the equipment at $14,700 is its books.

We usually record equipment at the actual price at which it was bought. Even though Harry company was willing to pay only $13,000, it actually went ahead and paid $14,700 to purchase the equipment.

We don’t consider the retail price here, since Harvey company did not buy the equipment from the retail market.

In the advertisement, Carrey Company probably put a value of $19,000 (by considering the retail rate) to see the market response to buy the at that price. So, we don’t consider that either.

4 0
3 years ago
A three-year bond has an 8.0 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10 percent, ca
Anuta_ua [19.1K]

Answer:

$949.24.

Explanation:

The price of the bond also known as the Present Value (PV) of the Bond CAN be calculated using a Financial Calculator as

FV = $1,000

I/yr = 10%

Pmt = ($1,000 x 8.0 %) / 2 = $40

N = 3 x 2 = 6

P/yr = 2

PV = ???

Inputting the data in a Financial Calculator gives a Present Value of $949.24. Thus the price of the bond is $949.24.

4 0
3 years ago
You recently invested $18,000 of your savings in a security issued by a large company. The security agreement pays you 6 percent
Yuri [45]

Answer:

At the end of the three years period, the amount to recieve will be for $7,146.1

Explanation:

18,000 savings at 6% during three years.

we will calcualte the future value of a lump sum:

Principal \: (1+ r)^{time} = Amount

Principal 6,000.00

time 3.00

rate 0.06000

6000 \: (1+ 0.06)^{3} = Amount

Amount 7,146.10

3 0
3 years ago
The fixed costs of doing business include
11Alexandr11 [23.1K]

Answer:

Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. ... Insurance - the liability insurance you hold on your business. Rent - the rent you pay on your office, factory, and storage space. Utilities - electricity, water, and other utilities.

Explanation:

8 0
3 years ago
The Dot Corporation has changed its year-end from a calendar year-end to August 31. The income for its short period from January
Scilla [17]

Answer:

$10,527

Step by step Explanation:

Ist January to 31 August is 8 months

Therefore;

$54,000 x 12/8 = 81,000

15% x 50,000 = 7,500

25% x 25,000 = 6,250

34% x 6,000 = 2,040

7,500 + 6,250 + 2,040 = 15,790

Short period = 15,790 x 8/12 = $10,526.673.

Therefore The tax for this short period is $10,526.673 approximately $10,527

3 0
3 years ago
Other questions:
  • "what creates the basis for a simpler compensation system that de-emphasizes structure and places greater importance on flexible
    11·1 answer
  • A cpa firm performs the annual audit of the leahy group, a private company. the client has asked the firm to perform a study to
    14·1 answer
  • By separating the value of the actual flight from the services associated with flying, airlines have greatly expanded the profit
    9·1 answer
  • Imagine that you have saved $1,000. You would like to do something with the money so that, in a few years, you have a down payme
    7·1 answer
  • This year, FGH Partnership generated $600,000 ordinary business income. FGH has two equal partners: Triad LLC and Beta, an S cor
    15·1 answer
  • g If it is difficult to substitute for a good in the short run, but easy in the long run, then _____ . Group of answer choices t
    7·1 answer
  • A policy that changes the natural rate of unemployment changes: a. neither the long-run Phillips curve nor the long-run aggregat
    6·1 answer
  • Aaron Company estimates direct labor costs and manufacturing overhead costs for the coming year to be $800,000 and $500,000, res
    5·1 answer
  • A Ground Fault Circuit Interrupter (GFCI) is designed to do which of the following?
    8·1 answer
  • If a member firm believes that a senior citizen with an account at the firm is being financially exploited, the member would con
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!