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insens350 [35]
3 years ago
14

Material and Labor Variances The following actual and standard cost data for direct material and direct labor relate to the prod

uction of 2,000 units of a product: Actual Costs Standard Costs Direct material 3,900 lbs. @ $5.30 4,000 lbs. @ $5.10 Direct labor 6,200 hrs. @ $8.40 6,000 hrs. @ $8.70 Determine the following variances: Do not use negative signs with any of your answers. Next to each variance answer, select either "F" for Favorable or "U" for Unfavorable. Materials Variances Actual cost: Answer Split cost: Answer Standard cost: Answer a. Materials price Answer Answer b. Materials efficiency Answer Answer Labor Variances Actual cost: Answer Split cost: Answer Standard cost: Answer c. Labor rate Answer Answer d. Labor efficieny Answer Answer
Business
1 answer:
Damm [24]3 years ago
4 0

Answer:

Materials:

price     800U

quantity 510 F

Labor:

rate          1,860 F

efficiency 1,740 U

Explanation:

DIRECT MATERIALS VARIANCES

(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance

std cost           $5.10

actual cost  $5.30

quantity          4,000

(5.1 - 5.3) \times 4,000 = DM \: price \: variance

price variance  $(800.00)

(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance

std quantity 4000.00

actual quantity 3900.00

std cost  $5.10

(4,000 - 3,900) \times 5.1 = DM \: quantity \: variance

quantity variance  $510.00

DIRECT LABOR VARIANCES

(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance

std rate  $8.70

actual rate  $8.40

actual hours 6,200

(8.7 - 8.4) \times 6,200 = DL \: rate \: variance

rate variance  $1,860.00

(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance

std  hours 6000.00

actual hours 6200.00

std rate  $8.70

(6,000 - 6,200) \times 8.70 = DL \: efficiency \: variance

efficiency variance  $(1,740.00)

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8 0
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The economic indicator that reflects activity of u. s. entities without regard to where the activity takes place is?
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4 0
1 year ago
You think that in 15 years it will cost $214,000 to provide your child with a 4-year collge education. Will you have enough if y
prisoha [69]

Answer:

You will not have enough.

Explanation:

The rate of the investment is compounded, so the value at year 1, will be the value at year 0, increased in a 4%. Then, the value at year 2 will be the value at year 1, increased in other 4%, that's equal to the value at year 0 increased twice at 4%.

So, the formula to calculating the value at year 15 is 75,000*(1.04)^15 = 135,070.63. THen, it will not be enough. You have to invest at least 214,000/1.04^15 = 118,826.20 at year 0, at a rate of 4%.

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3 years ago
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LenaWriter [7]

Answer:

Bond,treasury

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Treasury refers to the bond issued by the national government such as the U.S government and carries a lower rate of return as the risk attached too is low ,hence lower risk brings about lower return since the government is not likely to default in discharging its obligations

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