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
Strike441 [17]
3 years ago
13

11. At Stolen Horse Corporation, indirect labor is a variable cost that varies with direct labor hours. Last month's flexible bu

dget performance report showed that actual indirect labor cost totaled $2,056 for the month and 5,140 direct labor hours were actually worked. The report also showed the spending variance for indirect labor was $257 unfavorable and the activity variance for indirect labor was $28 favorable. What was the amount of direct labor hours Stolen Horse budgeted for last month?
Business
1 answer:
pochemuha3 years ago
6 0

Answer:

5,220 hours

Explanation:

Lets summarize the information first,

Actual Hours = 5,140

Actual Indirect labor cost = $2,056

Spending Variance = $257 Unfavorable

Activity Variance = $28 Favorable

We can reverse work for budgeted labor hours, first for the standard rate,

Spending variance = Actual hours * Standard rate/hour - Actual Overheads

-257 = 5140x - 2056

x = (2056-257)/5140

x = 0.35/hour (This is the standard over head rate )

Activity Variance = Standard rate*Standard hrs - Standard rate*Actual Hrs

28 = 0.35y - 0.35*5140

Solving for y,

y = 1827/0.35

y = 5,220

So budgeted hours for Stolen Horse Corporation were = y = 5,220 hours

Hope that helps.

You might be interested in
In florida, an element of an insurance transaction would be
xxMikexx [17]
<span>giving out an insurance contract
       Such contract when issued are represented and controlled by the Florida Insurance Policy Code. These agreements must have certain arrangements in them as required by Florida law. The standard procedure when an insurance contract will be issue should have the following items: the agreement clause,grace period,secondary notice,misstatement of age, strategy loan,reinstatement, intrigue payable on death assert</span>
8 0
3 years ago
The office of management and budget is one of the most powerful agencies in washington because it __________.
matrenka [14]
<span>This office manages the country's money. The budget is important because all of the government programs are given a certain amount of money in it. It must be followed so we have enough money to do what is needed in this country. Welfare, security and other important programs are in the budget.</span>
6 0
3 years ago
Which of the following statements is true of​ just-in-time (JIT)​ purchasing? A. Only disadvantage of JIT purchasing is the high
m_a_m_a [10]

Answer:

B. In JIT​ purchasing, raw materials​ (or goods) are purchased so that products are delivered just as needed for production or sales.

Explanation:

JIT stands for Just in time management.  It is an inventory management approach that advocates for the purchase of materials just when they are needed for production. In JIT, there is no storing of materials for use for future production. The purchase of materials is aligned with the production process.

The success of JIT is dependent on management ability to forecast sales volumes accurately.  Management must work with reliable suppliers to ensure that materials are available when required. JIT lower's the cost of inventory management by eliminating the need to store huge quantities of materials. It reduces wastage by doing away with losses that arise due to the storage of bulk materials.

8 0
3 years ago
How does selling shares on the stock exchange benefit companies?
Jlenok [28]

Answer:

C

Explanation:

They sell shares at a price to investors. They then use these funds to help grow their business and in turn pay dividends to shareholders

6 0
3 years ago
select the correct answer. which type of work would include providing advice to managers on how to reduce the organization’s cos
notka56 [123]

H.R manager includes providing advice to managers on how to reduce the organization’s costs.

An HR manager is a member of staff who oversees all activities related to hiring and selection, training and development, employee relations, and salary and benefits for the company.

Therefore, the HR manager would advise management on how to lower the costs of the company, particularly in areas like compensation and benefits, training, and development.

Managers of human resources plan, organize and oversee an organization's administrative operations. They supervise the hiring, interviewing, and onboarding of new employees, assist chief executives with strategic planning and act as a liaison between management and personnel in a business.

Learn more about HR Managers here:

brainly.com/question/25806768

#SPJ4

7 0
2 years ago
Other questions:
  • The following data reflects the number of defects produced on a assembly line at the Deerfield electronics company for the past
    10·1 answer
  • The Laresen Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last
    10·1 answer
  • Tell me about one of your most passionate beliefs and explain how it has an impact on the way you think, behave, attend events,
    15·1 answer
  • Suppose the government purposely changes the economy's cyclically adjusted budget from a deficit of 3 percent of real GDP to a s
    9·1 answer
  • Straight Arrow unloaded two tankers worth of toxic waste at an important port in the country of Urithmea. A hundred workers work
    9·1 answer
  • Question 5 (60 points)
    14·1 answer
  • Quien es el Dueño de fedex
    14·1 answer
  • Sandpiper Company reported the following year-end amounts: Beginning Inventory $22,950 Net Cost of Purchases 101,250 Ending Inve
    6·1 answer
  • On january 1, salow company enters into a contract to provide custom-made equipment to byhi corporation for $100,000. the contra
    14·2 answers
  • A company makes $200,000 in a year and has $150,000 in production costs, leaving them with $50,000. The $200,000 represents
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!