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Lostsunrise [7]
3 years ago
13

Dash Company adopted a standard costing system several years ago. The standard costs for the prime costs (i.e., direct materials

and direct labor) of its single product are:
Material (5 kilograms × $6.00 per kilogram) $ 30.00
Labor (5 hours × $19.60 per hour) 98.00
All materials are added at the beginning of processing. The following data were taken from the company’s records for November:
In-process beginning inventory None
In-process ending inventory 600 units, 70% complete as to direct labor
Units completed 6,700 units
Budgeted output 7,100 units
Purchases of materials 61,000 kilograms
Total actual direct labor costs $ 620,000
Actual direct labor hours 34,200 hours
Materials usage variance $ 2,700 Unfavorable
Total materials variance $ 750 Unfavorable
Required:
1. Compute for November:
a. The direct labor efficiency variance. Is this variance favorable (F) or unfavorable (U)?
b. The direct labor rate variance. Is this variance favorable (F) or unfavorable (U)?
c. The actual number of kilograms of material used in the production process during the month.
d. The actual price paid per kilogram of material during the month, the company calculates the direct materials price variance at point of purchase.
e. The amount of direct materials cost and direct labor cost transferred to the Finished Goods Inventory account.
f. The total amount of direct materials cost and direct labor cost in the Work-in-Process Inventory account at the end of the month.
Business
1 answer:
aleksandrvk [35]3 years ago
4 0

Answer:

a- $27,400 (favorable)

b- $50,320 (favorable)

c- 36,950 kg

d- $5.968 per kg

e- $857600

f- $55,800

Explanation:

a- Labor efficiency variance = SP ×(AQ −SQ)

b- Labor rate (price) variance = (AP ×AQ) −(SP ×AQ)

c- Actual kgs. Of material used in November = std. quantity allowed +/- efficiency variance

d-   Materials price variance = total materials variance −materials usage variance

then calculate

ctual price per kg. (AP) = Std. price per kg. (SP) −Per unit favorable price variance

e- Total amount of "prime costs" transferred to the finished goods inventory account = Std. manufacturing cost/unit ×#units manufactured

f- Equivalent units in ending WIP Inventory x Standard cost per equivalent units the add the sum for Materials and Labor.

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Suppose the government passes a law eliminating holidays and, as a result the production of goods and services increases because
dedylja [7]

Answer:

The correct answer is GDP would definitely increase because GDP excludes leisure.

Explanation:

The GDP does not measure the level of development of a country, nor does it measure the quality or level of its educational system or its health. Come on, that the quality of life in general is not measurable by GDP, although it is true that countries with a higher GDP per capita can afford better health or education services, as well as better infrastructure and services in general.

It does not measure the state of the environment or the damage caused to it or natural resources by the economic activity carried out. In other words, GDP does not report externalities, that is, it does not reflect the total social benefits and costs derived from economic activity.

GDP does not measure the quality of the goods and services produced. The GDP figures are only numbers that do not take into account exactly what is being produced or what is the quality of what is produced. This prevents, for example, comparing production between different eras. Does a computer add up to GDP now than in the 80s? The answer is no. Does a country of services add up to an oil exporter? The answer is also no.

It ignores the value of elements that contribute to maintaining the level of well-being of the population, such as leisure or freedom. In freer countries or in which its inhabitants have more leisure time and better options in which to invest it, well-being is much greater.

6 0
3 years ago
Indicate whether each of the following is a final​ good, an intermediate​ good, or neither.
butalik [34]

Answer:

  • 1. Coffee beans purchased by a coffee shop   --  intermediate good.
  • 2. One share of Google stock  --   neither.
  • 3. A new pick-up truck purchased by a consumer   --  final good.
  • 4. A new home purchased by a family  --  final good.

Explanation:

  • An intermediate good is a semi-finished good that is used as the inputs of the production and makes them sell and buy the goods. While the final good is one that is finished in processing and is ready to be consumed and those goods that are present in a stocks firm are not used and neither is been developed are google stocks.
7 0
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​When Mia and Shane are planning their honeymoon, their travel agent tells them that if they buy a special package, their trip t
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Bundle pricing

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In other words bundle pricing is mean to offer heavy discount in order to make huge profit by selling their products in large number.

8 0
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In conducting their research, economists often substitute historical events and historical episodes for
podryga [215]

Answer:

b. laboratory experiments.

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Laboratory experiments -

It refers to the practice of an experiment in a appropriate and controlled condition , is referred to as the laboratory experiments .

In this case , the experiment involve some standard conditions , which are necessary for the experiment to occur  .

Hence , from the given information of the question,

The correct option is laboratory experiments.

8 0
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When Paul arrived at work in the morning, he promised his co-workers that he would buy dinner for all of them that evening. He m
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Answer: No, Paul has not breached a contract.

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A contract is an agreement between two or more people that is legally binding, and which guides or governs the actions or conducts of the parties involved.

A quality that makes a contract legally binding is that it is enforceable by law.

In the scenario given in the question above, Paul has not breached any contract because there isn't one. The promise to buy dinner has not been legally bound, therefore, it is not enforceable by law, in essence, it is not qualified to be called a contract.

8 0
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