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
PSYCHO15rus [73]
3 years ago
8

A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. the job consisted of 8,000 units and was completed in

22,000 hours at a total labor cost of $198,000. what is the total labor cost variance?
Business
2 answers:
Minchanka [31]3 years ago
6 0

Answer:

$6000 unfavorable.

Explanation:

Given information:

Time = 3 hours

Cost of labor = $8.00

Number of units = 8,000

Total actual labor cost = $198,000.

Standard labor cost = 8,000 × 3 × $8.00 = $192,000

Total labor cost variance = Standard labor cost  - Actual labor cost

Total labor cost variance = $192,000  - $198,000

Total labor cost variance = -$6,000

Here negative sign represents the unfavorable amount.

The total labor cost variance is $6000 unfavorable.

kiruha [24]3 years ago
5 0
The total labor cost of variance is the difference of the two presented costs. The actual cost of production is presented below,
                       actual cost of production = $198,000
The other cost can be calculated through the equation,
                     cost of production = (3 hours/labor u)(($8/unit)(8,000) = $192,000
Thus, the total labor cost variance is approximately $6,000. 
You might be interested in
During each of the next three years, Silver reported net income of $30,000 and paid dividends of $10,000. On January 1, 20X9, Pl
nikdorinn [45]

Answer:

$255,000

Explanation:

If a company acquires shares of another company the investment amount is shown in the balance sheet of the acquirer. When Plate acquired shares of Silver, it reported the investment of $225,000. The Silver reports a profit of $30,000 on January 2019. The amount reflected in the balance sheet of Plate will be $255,000. This is the sum of investment plus the profit reported by the Silver.

3 0
3 years ago
molen inc. has an outstanding issue of perpetual preferred stock with an annual dividend of $4.00 per share. if the required ret
crimeas [40]

The price at which the stock should sell is $61.54.

Using this formula

Stock selling price=Preferred stock annual dividend/Preferred stock required return

Where:

Preferred stock annual dividend=$4.00 per share

Preferred stock required return=6.5% or  0.065

Let plug in the formula

Stock selling price=$4.00/0.065

Stock selling price=$61.538

Stock selling price=$61.54 (Approximately)

Inconclusion the price at which the stock should sell is $61.54.

Learn more here:

brainly.com/question/15561609

7 0
3 years ago
List all the source documents in accounting
devlian [24]

Answer:

Canceled checks.

Invoices.

Cash register receipts.

Computer-generated receipts.

Credit memo for a customer refund.

Employee time cards.

Deposit slips.

Purchase orders

Explanation:

That is all i think

7 0
3 years ago
Please select the word from the list that best fits the definition Easily expresses their feelings
qwelly [4]

it is intrapersonal, and i know that for a fact.

7 0
3 years ago
Read 2 more answers
Adam and barb go to the store to purchase some lottery tickets. without looking at the price, adam says "i’ll take 10 lottery ti
Shtirlitz [24]

Answer:

Price elasticity of demand for Adam=0

Price elasticity of demand for Barb=1

Explanation:

Price elasticity of demand = %age change in demanded QTY / %age change in demanded price

The price is not important for Adam, and he demands a fixed quantity, hence his demand curve is vertical. A perfectly vertical demand curve is can inelastic demand curve and has price elasticity =0

The quantity is not important for Barb, and he demands a fixed price, hence his demand curve is horizontal. A perfectly horizontal demand curve is has price elasticity =1

6 0
4 years ago
Other questions:
  • Your business has purchased 500 pizza pans, 60 kg of sauce, 100 kg of cheese, 2.5 kg of basil, 2.5 kg of oregano, 5 kg of yeast,
    9·1 answer
  • Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
    13·1 answer
  • In the sentence "Although the book was more than 50 years old, it still contained helpful information," the word Although is a(n
    15·1 answer
  • Morgan Company's budgeted income statement reflects the following amounts:Sales Purchases ExpensesJanuary $ 120,000 $ 78,000 $ 2
    14·1 answer
  • During World War II, the price of rubber went up considerably. The rise in price stimulated research for alternatives. For examp
    15·1 answer
  • A limited partnership: Multiple Choice a. has an unlimited life. b. can opt to be taxed as a corporation. c. terminates at the d
    15·1 answer
  • Island Trading Co., a client of your CPA firm, has requested your advice on the following problem. It has three clerical employe
    8·1 answer
  • Assume a purely competitive, increasing-cost industry is in long-run equilibrium. If a decline in demand occurs, firms will:leav
    5·1 answer
  • List the steps of the basic problem-solving procedure
    5·1 answer
  • Crystal believes that outsourcing the bookkeeping needs of her firm would save money. She researches various companies and runs
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!