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Vlada [557]
3 years ago
12

Flapjack Corporation had 7,800 actual direct labor hours at an actual rate of $12.44 per hour. Original production had been budg

eted for 1,100 units, but only 975 units were actually produced. Labor standards were 7.2 hours per completed unit at a standard rate of $13.00 per hour. Round your answer to the nearest cent. The direct labor time variance is
Business
1 answer:
likoan [24]3 years ago
4 0

Answer:

Direct labor efficiency variance= $9,360 unfavorable

It is unfavorable because it took longer to produce 975 units than the standard time estimated.

Explanation:

Giving the following information:

Standard direct labor hour per unit= 7.2 hours

Standard rate= $13

Actual units= 975

Actual hours= 7,800

Actual rate= $12.44

<u>The direct labor time variance is also known as the direct labor efficiency variance. It calculates the effect on costs of the time required to produce the actual amount of units.</u>

We need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 975 units*7.20= 7,020 hours

Direct labor efficiency variance= (7,020 - 7,800)*12= $9,360 unfavorable

It is unfavorable because it took longer to produce 975 units than the standard time estimated.

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At the beginning of the year, Scaled Manufacturing estimates annual overhead costs tobe $1,200,000 and that 300,000 machine hour
Paraphin [41]

Answer:

Manufacturing overhead allocated= $1,260,000

Explanation:

Giving the following information:

Scaled Manufacturing estimates annual overhead costs to be $1,200,000 and that 300,000 machine hours will be operated. Using machine hours as a base.

The actual machine hours for the year were 315,000 hours.

We need to find the overhead applied. First, we need to determine the overhead rate.

Overhead rate= total estimated overhead for the period/ total amount of allocation base

Overhead rate= 1200000/300000= $4 per hour

Manufacturing overhead allocated= 315000 hours* 4= $1,260,000

4 0
4 years ago
The "graying" of the population is an example of:
-BARSIC- [3]

Answer:

a. Customer environment.

Explanation:

The customer environment is a strategy to understand the customer base in the country or in the market. It includes demographics factors, customer´s preferences, and social value. Graying of population means how steadily the population or our customers are getting older.  

It helps the management to scan the business environment of a particular area. The customer environment is part of Eight strategic radar screens as well.

4 0
3 years ago
During the current year, the company had the following summarized activities: Purchased short-term investments for $10,000 cash.
aivan3 [116]

Answer:

short-term investment 10,000 debit

                     cash                10,000 credit

note receivables           5,000 debit

                cash                         5,000 credit

equipment                  18,000 debit

        cash                          5,000 credit

         note payable           13,000 credit

cash              11,000 debit

     common stock          1,000 credit

     additional CS          10,000 credit

cash               9,000 debit

    note payable             9,000 credit

Patents      3,000 credit

          cash                   3,000 debit

Building    24,000 debit

      cash               8,000 credit

     note payable 16,000 credit

cash         1,000 debit

  equipment          1,000 credit

Explanation:

To record the entries we need to alwasy make debit = credit

we must use account names to represent each concept which are quite easy you don't have to overthink ou write what it is telling you it happen

Whe nthe company use cash use cash account

when it purchase equipment use equiptment

7 0
3 years ago
The quality and variety of fish available along the coastline of the small village of Andres declined substantially due to overf
Reika [66]

Answer:

The correct answer is letter "A": The Ministry of Environment limits the number of trees that each lumbering firm can fell.

Explanation:

The case given relates to how the government set limits to the unregulated exploitation of natural resources to control its renewability. In that way, both the fishermen and the lumbering firms' activities were reduced to a rational number so that the resources they work with cannot be extinguished.

4 0
4 years ago
In a(n) ________, members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate bar
Elanso [62]

Option B, In a(n) , common market members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate barriers to the movement of the factors of production.

A legal agreement that creates a collection of nations that adopt a single external policy  tariff is known as a common market. Countries that participate in a single market also permit free commerce as well as the free movement of capital and labor within the group's members. It establishes a common external tax on imports in the market. Members of this market thus do away with trade restrictions and embrace or adhere to a common policy.

learn more about common market here:

brainly.com/question/3317960

#SPJ4

6 0
1 year ago
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