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cluponka [151]
3 years ago
9

Genent​ Industries, Inc.​ (GII), developed standard costs for direct material and direct labor. In​ 2017, GII estimated the foll

owing standard costs for one of their major​ products, the 30−gallon heavyminus−duty plastic container. - Budgeted quantity Budgeted price Direct materials 0.5 pounds $ 20 per pound Direct labor 0.7 hours $ 14 per hour During​ July, GII produced and sold 3,000 containers using 1,800 pounds of direct materials at an average cost per pound of $18 and 2,180 direct manufacturing labor hours at an average wage of $14.50 per hour. The direct manufacturing labor efficiency variance during July is​ ________?
Business
1 answer:
faust18 [17]3 years ago
6 0

Answer:

$1,120 unfavorable

Explanation:

The formula to compute the direct manufacturing labor efficiency variance is shown below:

= Standard Rate × (Standard hours - Actual hours)

= $14 × ( 2,100 direct labor hours - 2,180 direct labor hours)

= $14 × - 80 direct labor hours

= -$1,120 unfavorable

The standard hours is computed below:

= Number of containers sold × direct labor

= 3,000 × 0.7

= 2,100  direct labor hours

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Kipish [7]

Missing Part of Question:

The question was missing information. Luckily, I found the question on the internet and I am attaching it here for ease of understanding.

<h2>Answer:</h2>

In the order of the functions:

1. Bretton Woods Institutions

2. UN

3. GATT

4. WTO

5. GTO or G20

<h2>Explanation:</h2>

1. The Bretton Woods Institutions are the World Bank and the International Monetary Fund (IMF).

2. The United Nations is an intergovernmental organization with an objective of maintaining international peace and security.

3. The General Agreement on Tariffs and Trade (GATT) is a treaty between many countries. Its aim is to promote international trade by reducing or eliminating trade barriers like quotas or tariffs.

4. The World Trade Organization is also an intergovernmental organization. Its function is the regulation of international trade among nations.

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3 0
3 years ago
The balance sheet for Gelher Company reports the following information on July 1, 2022. GELHER COMPANY Balance Sheet (partial) L
d1i1m1o1n [39]

Answer:

Explanation:

The journal entry is shown below:

Bonds payable A/c Dr $2,000,000

Loss on early retirement on bonds A/c Dr $85,000

         To Cash A/c $2,040,000                           ($2,000,000 × 1.02)

         To Discount on bonds payable A/c $45,000

(Being the redemption of bond is recorded)

The loss on early retirement on bond is computed below:

= $2,040,000 - $1,955,000

= $85,000

8 0
4 years ago
Markham Publishing is known for its consultative buying center culture. Recognizing this corporate culture, someone attempting t
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Answer: take into consideration all the members.

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Thus, attention to all members should be given while making any decision.

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3 years ago
What is revision?hey
igomit [66]

Answer:

The action of revising

Explanation:

3 0
3 years ago
Read 2 more answers
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