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
insens350 [35]
3 years ago
6

During January, Ajax Co. incurs 1,850 hours of direct labor at an hourly cost of S11 output is t 100 units of its finished produ

ct. Ajax standard labor cost per unitor (2 hours x $11.00). Instructions
Compute the total, price, and quantity labor variances for Ajax Co. for January.
Business
1 answer:
bearhunter [10]3 years ago
5 0

Answer and Explanation:

The computation is shown below:

For the labor price variance

= Actual Hours × (Actual rate - standard rate)  

= 1,850 × ($11.80 per hour - $11 per hour)  ,

= 1.850 × $0.80 per hour

= $1,480 unfavorable

For labor quantity variance

= Standard Rate × (Actual hours - Standard hours)  

= $11 × (1,850 hours - 2,000 hours)  

= $11 per hour × - 150hours

= $1,650 favorable

Now total would be

= Labor price variance + labor quantity variance

= $1,480 unfavorable + 1,650 favorable

= $170 favorable

You might be interested in
Cars made in the United States by an American-owned company are included in______
V125BC [204]

Answer:Cars made in the United States by an American-owned company are included in both the Gross Domestic Product and the Gross National Product. 

They get income while selling cars in America, and also to other countries.

Explanation:

5 0
3 years ago
How is the value of a product determined?
svetoff [14.1K]

Answer:

One approach is to use the simple equation Value = Benefits / Cost. The plus side to this approach is that it is concrete and quantifiable. You can measure the profit consistently throughout the life of the product, charting changes in value over time.

5 0
3 years ago
At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Do
Dmitrij [34]

Answer:

Sheridan Company

a. Debit Accounts receivable $739,000

Credit Sales revenue $739,000

To record sales of goods on account.

Debit Cash $813,450

Credit Accounts receivable $813,450

To record collections from customers.

b. Debit Allowance for Uncollectible Accounts $7,198

Credit Accounts receivable $7,198

To record the write-off of accounts for the period.

c. Debit Accounts receivable $2,978

Credit Allowance for Uncollectible Accounts $2,978

To record the recovery of the uncollectible account.

d. Debit Bad Debts Expense $22,410

Credit Allowance for Uncollectible Accounts $22,410

To record bad debt expense for the period.

Explanation:

a) Data and Analysis:

a. Accounts receivable $739,000 Sales revenue $739,000

b. Cash $813,450 Accounts receivable $813,450

c. Allowance for Uncollectible Accounts $7,198 Accounts receivable $7,198

d. Accounts receivable $2,978 Allowance for Uncollectible Accounts $2,978

e. Bad Debts Expense $22,410  Allowance for Uncollectible Accounts $22,410

Allowance for Uncollectible Accounts

Account Titles          Debit        Credit

Beginning balance                   $8,620

Accounts receivable $7,198

Accounts receivable                  2,978

Bad debts expense                  22,410

Ending balance        26,810

Totals                    $34,008  $34,008

5 0
3 years ago
The focus of management accounting is onA) tax preparation.B) external reporting.C) internal reporting.D) auditing.
Studentka2010 [4]

Answer: The focus of management accounting is on "C) internal reporting.".

Explanation:  It could be understood as the concept of management accounting as that economic information destined to the internal users of the company and which is mainly responsible for the analysis of the costs of the company, helping to make management decisions and business control.

5 0
2 years ago
A top performing used car salesman is able to sell his cars to each customer at their maximum willing to pay, a practice known a
ira [324]
Answer: B. Perfect price discrimination
6 0
2 years ago
Other questions:
  • Suppose a local bank increases the fees they charge for their bank accounts by 5 percent. in​ response, the demand for their ban
    14·1 answer
  • harry decides to borrow some money from a bank? what type of assignment will harry probably use to secure the loan
    7·1 answer
  • Nick and Teresa are debating the pricing strategy of several airlines. Nick argues, "When airlines restrict discounted tickets t
    8·1 answer
  • On January 1, year 1, London Corp. purchases equipment for $400,000. The equipment has a 5-year service life and a $50,000 resid
    8·1 answer
  • On April 30, 1990, April purchased a $1,000 10% par-value seven-year bond having semiannual coupons; these were payable at the e
    13·1 answer
  • 5. In war time conditions, cigarettes have been used as money. What disadvantage do cigarettes have for trading compared with no
    15·1 answer
  • Jamal and Keisha each earn money by washing cars and mowing lawns.
    5·2 answers
  • You receive a part time job in which you are paid $10 per hour on weekdays and you receive $12 per hour
    5·1 answer
  • The Coca-Cola Company uses a job-order costing system. True or False: Job-order costing uses the actual direct materials cost of
    7·1 answer
  • Friedrich hayek advocated for the concepts of laissez-faire economic thought and free markets. True or false?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!