Answer:
Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate
Explanation:
Giving the following information:
Benson produced 4000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 25,000 direct labor hours and actual total direct labor costs were $250,000.
<u>We need the information regarding the standard rate for each hour of labor and the number of hours required to manufacture each unit</u>. The formula for direct labor efficiency variance is:
Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate
When a student chooses to study linguistics at a college then has to choose an academic major subject.
<h3>
</h3><h3>
What is an academic major?</h3>
An academic major is referred to as a specialization an individual to choose in which he is looking for expertise or career during the college duration.
These major subjects reflect that the student will gain knowledge and developed skills by reading the subject and can utilize it in the future. This will also help to determine the interest of an individual.
Learn more about academic major, here:
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Answer:
The correct answer is 8 $ per box
Explanation:
Solution
Given that:
Let EOQ = √(2*D*S/H) = √(2*500*150/0.2*P)
(a) Let P = 8.5 $/box
Then,
EOQ = √(2*500*150/0.2*8.5) = 297 boxes
Thus,
No feasible as P = 8.5 $/box when Q<=200
(b). Let P = 8 $/box
Thus,
EOQ = SQRT(2*500*150/0.2*8) = 306 boxes (approx)
This quantity is right as it falls between 200 and 800.
Therefore the price at the optimal order quantity that minimizes total annual cost is 8 $/box
A combination of the product, company, and salesperson.