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
Anestetic [448]
3 years ago
7

Oriole Family Instruments makes cellos. During the past year, the company made 6,630 cellos even though the budget planned for o

nly 5,780. The company paid its workers an average of $15 per hour, which was $1 higher than the standard labor rate. The production manager budgets four direct labor hours per cello. During the year, a total of 24,840 direct labor hours were worked.
Required:
Calculate the direct labor rate and efficiency variances.
Business
1 answer:
Setler [38]3 years ago
7 0

Answer:

Direct Labor rate Variance  $ 24840 Unfavorable

Labor Efficiency  Variance  $23520 favorable

Explanation:

Direct Labor rate Variance = Actual Hours * Actual Rate- Actual Hour * Standard Rate

Direct Labor rate Variance = 24840*15- 24840*14

                                                = 372600- 347760    

                                            = $ 24840 Unfavorable

Labor Efficiency  Variance =  Actual Hours * Standard Rate- Standard Hour * Standard Rate

Labor Efficiency  Variance =  24840*14- 4*6630*14

                                           =  24840*14- 26520*14

                                         = 347760 - 371280= $23520 favorable

You might be interested in
Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lak
prohojiy [21]

Answer:

public

Explanation:

A public good is a good that is non excludable and non rivalrous.

An individual's access to the pool does not limit another person's access

Also, the pool is free, so it is non excludable

Before his death, the pool was a private good

A private good is a good that is excludable and rivalrous.

3 0
3 years ago
Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the purchase of plant assets. D
S_A_V [24]

Answer: Expense capitalize

Explanation:

 The expense capitalize is the term which is used to refers to the capitalizing the given cost of the expenses based on their values for the purpose of evaluating all the expenses in the balance sheet.

The capitalize the expenses provide various types of benefits to the firms for obtaining the various types of updated assets that typically helps in providing the long term duration.

According to the given question, the interest in the given two cases is basically treat by expense capitalize for the purpose of financial reporting.

Therefore, Expense capitalize  is the correct answer.  

 

8 0
3 years ago
Devonshire Ventures is a large snack-food conglomerate that operates in more than 50 countries and employs more than 80,000 peop
san4es73 [151]

Answer:

D) a transnational strategy

Explanation:

From the description, Devonshire Ventures seems to be seeking a balance between local responsiveness and global integration hence said to use a transnational strategy. Another reason is because their operations and communication are between borders and beyond geographical boundaries so that each division can learn from each other globally.

4 0
3 years ago
In a(n) ________, the consumer ranks a product's attributes in terms of perceived relevance or importance, then compares the var
mafiozo [28]

Answer:

Lexicographic decision rule

Explanation:

A lexicographic decision rule is one of the decision making rules in purchase that allows a product to be ranked according to its importance to the consumer.

When a consumer is to purchase a product, the consumer ranks products that are similar in use as well as how important the product is. This helps a consumer to make the best decision when it comes to purchasing.

Cheers.

6 0
3 years ago
Why might these sources of individual values not prove very helpful when making complex business decisions
Blababa [14]

Answer:

The first part of the question is missing:

"We all learn values from sources such as family, religion, and school. Why might these..."

To be honest, most of the time business decisions are not clean cut ethical or unethical, even if you are not doing anything wrong or illegal. When you are doing business you will try to make the largest possible profit and money doesn't just appear from no where, if you earn money, you will be taking it away from someone else. In the best case scenario, you will be giving that customer a higher perceived value than the cost of your product or service, so everyone wins.

But many times, not everyone wins. E.g. you manage a construction company and you will bid for a project, hopefully you will win and make money, but others will lose. Empathy is good for marketing, but very bad for finances.

When thousands of jobs are replaced not by Chinese workers, but instead by computers and robots, it's just bad luck for the unemployed. When large stores like Sears go bankrupt while Amazon surges, good for Amazon, bad for Sears.

5 0
3 years ago
Other questions:
  • An arbiter is consulted when
    12·1 answer
  • "when leased computing resources can be increased or decreased​ dynamically, they are said to be​ ________."
    15·1 answer
  • Municipal bonds are issued by what?
    6·1 answer
  • What type of reinsurance contract involves two companies automatically sharing their risk exposure?
    13·1 answer
  • You have just been offered your dream job after graduating from Jacksonville University. In response to your negotiations concer
    14·1 answer
  • Which of the following is an outcome of the General Agreement on Tariffs and Trades​ (GATT) and created global rules of trade be
    11·1 answer
  • When an asset is sold, a gain occurs when the:______.
    14·1 answer
  • Which of the following statements regarding corporate bonds is most correct? a. Debentures are riskier than subordinated debentu
    12·1 answer
  • If you could completely remove something you put online forever, what would it be?
    7·1 answer
  • If the average aggregate inventory value is $100,000 and the cost of goods sold is $450,000, which of the following is inventory
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!