Answer:
$2,400 U
Explanation:
Labor efficiency variance is a financial metric that assesses a company’s ability to efficiently use labor per the expectations. The variance is worked out as the difference between the actual labor hours utilized and the standard amount that ought to have been used, multiplied by the standard labor rate.
In Clark Manufacturing:
It is given that:
Number of hours required to produce one product = 2 hours
Standard Labor rate(SLR) per hour = $12
Actual Labor rate(ALR) per hour = $12.20
Units of products produced = 2000
Number of hours required(SLH) to produce 2000 units = 4,000 hours
Actual Labor Hours(ALH) used =4,200 hours
Labor Efficiency Variance =(ALH - SLH) *SLR
= (4200-4000) *12
200*12 = $2,400 U
U means unfavorable. This variance is unfavorable because the labor cost exceeded the standard or budgeted labor cost.
Answer:
Through allowing themselves to buy resources and spend them accordingly.
Explanation:
- Properties law provides full authority for merchants or developers with possession of such resources or properties.
- However, once the property has been enforced upon that estate, all persons besides just their owners haven't even the ability to access the property without any of the consent of their heirs.
Thus the above is the correct approach.
Hey I don't see a picture or anything can you please post the picture
Answer:
The correct answer is option D.
Explanation:
Academic book publishers hire editors, designers, and production and marketing managers who help prepare books for publication.
These employees work on several books simultaneously so a change in quantity demanded of books published in a year.
Since the number of people employed is fixed and does not change with the quantity of output. The cost incurred on these workers will be fixed cost. So the salaries and benefits of people in these people will be included in fixed costs and total costs. But since it does not change with change in the output it will not be included in variable costs.
Answer:
C : $686
Explanation:
The computation of the cash received amount is shown below:
= (Sale value of merchandise - returned merchandise) × (100 - discount rate)
= ($1,000 - $300) × (100 - 2%)
= $700 × 98%
= $686
Since the payment is made within 30 days, so the company could avail the discount of 2% and the return goods should be deducted so that the actual amount of cash received can come.
