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
Mumz [18]
3 years ago
7

Puvo, Inc., manufactures a single product In which variable manufacturing overhead is assigned on the basis of standard direct l

abor-hours. The company uses a standard cost system and has established the following standards for one unit of product.
Standard Quantity Standard Price Rate or Standard Cost
Direct Materials 5.8 pounds $0.60 per pound $3.48
Direct labor 0.5 hours $33.50 per hour $16.75
Variable manufacturing overhead 0.5 hours $8.50 per hour $4.25
During March, the following activity was recorded by the company:

(1). The company produced 2400 units during the month.

(2). A total of 19.400 pounds of material were purchased at a cost of $13,580.

(3). There was no beginning Inventory of materials on hand to start the month; at the end of the month, 3,620 pounds of material remained In the warehouse.

(4). During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour.

(5). Variable manufacturing overhead costs during March totaled $14,061.

The direct materials purchases variance is computed when the materials are purchased.

The labor rate variance for March Is:

(a)$4,120 U

(b)$3,270 F

(c)$3,270 U

(d)$4,120 F
Business
1 answer:
pantera1 [17]3 years ago
8 0

Answer:

I'm figuring this out for you!

Explanation:

You might be interested in
assume peru had an adult population of about 25 million, a labor-force participation rate of 60 percent and an unemployment rate
nikdorinn [45]

Answer: 15 million people were employed.

Explanation:

Hi, to answer this question we have to multiply the adult population (25,000,000) by the labor-force participation percentage in decimal form (divided by 100).

Mathematically speaking:

25,000,000 x (60/100) = 25,000,000 x 0.6 = 15,000,000 people

15 million people were employed.  

Feel free to ask for more if needed or if you did not understand something.

6 0
3 years ago
Bain corp. owned 20,000 common shares of tell corp., purchased in year 1 for $180,000. on december 15, year 5, bain declared a p
amid [387]

Answer:

$300,000

Explanation:

Although the property dividend was distributed on January 15, year 6. the <u>amount that will be used is the value of the shares as at the declaration date and not the distribution date </u>

Hence, since the aggregate market price of the tell shares held by bain was $300,000. on the declaration date, the entry to record the declaration of the dividend should include a debit to retained earnings (or property dividends declared) of $300,000

8 0
3 years ago
Unlike excise taxes, price ceilings create no deadweight loss. <br> a. True <br> b. False
ale4655 [162]
False. Price ceilings, provided there are no other government policies in place, will cause deadweight loss. Diagram provided.

5 0
3 years ago
On June 18, Wyman Company (a U.S. Company) sold merchandise to the Nielsen Company of Denmark for €60,000 (Euros), with a paymen
rodikova [14]

Answer:

Wyman company should recognize a foreign exchange loss in the amount of $12,600

Explanation:

On the date of sale: £1 = $1.35

So £60,000 = 60,000 × $1.35 = $81000

On the date of payment: £1 = $1.14

So £60,000 = 60,000 × $1.14 = $68, 400

The amount Wyman company received on the date of payment is $12,600 less than the amount it ought to have received on the date of sale.

So Wyman company should recognize a foreign exchange loss in the amount of $12,600

5 0
3 years ago
Solve the simultaneous equation <br>y+x=4<br>2y-x=5​
beks73 [17]

Answer:

<h2>Value of X = 1</h2>

<h2>Value of y = 3</h2>

Solution,

Using substitution method,

y + x = 4

Move 'x' to the left hand side and change its sign:

y = 4 - x --------> equation (i)

Now,

2y - X = 5

putting the value of y from equation (i)

2( 4 - x ) - X = 5

8 - 2x - x = 5

8 - 3x = 5

- 3x = 5 - 8

- 3x = - 3

The difference sign (-) will be cancelled in both sides

3x = 3

3x/3 = 3/3

X = 1

Value of X is 1

Now, replacing the value of X in equation (i)

y = 4 - x

= 4 - 1

= 3

Value of y is 3

Hope this helps...

Good luck on your assignment...

6 0
3 years ago
Other questions:
  • When managing the promotion mix, marketers are utilizing technology to deliver important information directly to the customer. f
    8·1 answer
  • The principle of comparative advantage asserts that a. the world price of a good will prevail in all countries, regardless of wh
    8·1 answer
  • What might happen to a product when supply is low? A. The price will go up. B. The price will go down. C. The price will stay th
    12·1 answer
  • Facing stiff competition in the e-reader market, Sumac Industries wants to protect its competitive advantage by increasing the p
    13·1 answer
  • What index is used to measure the average prices paid by a typical​ family? An average of the prices of the goods and services p
    10·1 answer
  • Hypothetical Country has $120 in currency, $280 in reserves, and $900 in deposits. There are no excess reserves. Use this inform
    10·1 answer
  • Beauty salon opportunities and threats
    10·1 answer
  • Mississippi River Shipyards is considering the replacement of an 8-year-old riveting machine with a new one that will increase e
    13·1 answer
  • The crisis experienced in the workplace.
    12·2 answers
  • A company's ________ serve as instructions for people to follow when accomplishing an activity on a computer.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!