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
Alenkinab [10]
3 years ago
9

The following data relate to direct labor costs for the current period: Standard costs 7,000 hours at $11.40 Actual costs 6,400

hours at $10.10 What is the direct labor rate variance
Business
1 answer:
Anna35 [415]3 years ago
8 0

Answer:

Direct labor rate variance= $8,320 favorable

Explanation:

Giving the following information:

Standard costs 7,000 hours at $11.40 Actual costs 6,400 hours at $10.10

<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

Direct labor rate variance= (11.4 - 10.1)*6,400

Direct labor rate variance= $8,320 favorable

You might be interested in
Lipstik, Inc. makes cosmetics. Lipstik intentionally mislabels its packaged products to conceal a defect. Trusting and relying o
Zanzabum

Answer:

Fraud.

Explanation:

Fraud is defined as intentional misrepresentation aimed at gaining unlawful advantage or to deprive a victim of a legal right.

In civil law the victim can file for recovery of money, while in criminal law the fraud perpetrator may be committed to prison.

Lipstik intentionally mislabels its packaged products to conceal a defect, and gains unfair advantage by selling these defective goods to customers. Mikayla buys the lipstick based on the misrepresented information on the label and gets injured.

8 0
2 years ago
A survey by the World Bank indicates that of the companies surveyed; unfortunately, only 30 percent have board-approved policies
creativ13 [48]

Answer:

False

Explanation:

It is not necessary to have board-approved policies on environmental management as the only way to indicate that corporate social responsibility practices have become an insignificant factor in determining where multinational corporations conduct business.

7 0
3 years ago
Using the following information, what is the amount of gross profit?​
SIZIF [17.4K]

Answer:

Gross profit= $54,700

Explanation:

Giving the following information:

Purchases $37,000

Merchandise inventory, September 1 6,100

Merchandise inventory, September 30 6,800

Sales 91,000

<u>First, we need to calculate the cost of goods sold:</u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 6,100 + 37,000 - 6,800

COGS= $36,300

<u>Now, the gross profit:</u>

Gross profit= sales - COGS

Gross profit= 91,000 - 36,300

Gross profit= $54,700

3 0
3 years ago
Pearl Sands is a resort in the town of Willington. It attracts the maximum number of customers in the summer. In the spring, Pea
Anastasy [175]

Answer: Push Strategy.

Explanation:

Pull strategy is applied by Pearl sands to draw customers to their holiday spot, by presenting their holiday spot as irresistible to their customers.

Pull strategy is an advertisement strategy used by marketers to draw customers to their product, by various means of adverts using Mass media and forms of advertisement.

4 0
3 years ago
18. If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent,
zavuch27 [327]

Answer:

rate of technological progress = 8 %

Explanation:

given data

capital net of depreciation = 10 percent

Population growing rate = 2 percent.

solution

we will apply here Golden Rule that is

According to golden Rule level of capital accumulation is in steady state which have the highest level of the consumption

so here rate of technological progress is =  10% - 2 %

rate of technological progress = 8%

and here economy will at Golden Rule steady state

so correct answer is 8 percent

8 0
3 years ago
Other questions:
  • Which of the following is a distinguishing characteristic of oligopoly? Question 1 options:_____
    9·1 answer
  • Burgundy Manufacturing uses a process cost system and computes cost using the weighted average method. During the current period
    14·1 answer
  • WILL GIVE BRAINLIEST TO THE CORRECT ANSWER
    12·1 answer
  • Trading centers in other countries helped the mother country in all of the following ways except for
    6·2 answers
  • To be liable on a negotiable instrument, a person must:
    9·1 answer
  • Beginning inventory, purchases, and sales for Meta-B1 are as follows: July 1 Inventory 100 units at $400 12 Sale 70 units 23 Pur
    12·1 answer
  • What is a job interview
    5·2 answers
  • The double-entry principle in the balance-of-payments
    5·1 answer
  • Several years ago, the City of Russell issued $7 million of 6 percent serial bonds at 101. Principal payments of $350,000 are du
    9·1 answer
  • 23.7.2 Test (CST): Banking
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!