Answer:
Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)
= 2,850 - (230 * 14.4)
= 462 (Favourable)
Materials price variance = (Standard price - Actual price) * Actual quantity
= [1.8 - (2,850/1,500)] * 1,500
= 150 Unfavourable
Materials quantity variance = (Standard quantity - Actual quantity) * Standard price
= [(230 * 8) - 1,500] * 1.8
= 612 Favourable
Total labour variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)
= 19,458 - (230 * 84)
= 138 Unfavourable
Labour price variance = (Standard rate - Actual rate) * Actual hours
= [14 - (19,458/1,410)] * 1,410
= 282 Favourable
Labour quantity variance = (Standard hours - Actual hours) * Standard rate
= [(230 * 6) - 1,410] * 14
= 420 Unfavourable
The employee census data that should be gathered by Sally to prepare for a benefits bid are;
<h3>What are employee census data?</h3>
Employee census data can be regarded as the information needed from the employee to file a benefits bid.
Therefore, Name and Age are required for employee census data that should be gathered by Sally to prepare for a benefits bid.
Learn more about employee census data at:
brainly.com/question/25741658
Answer:
$38,000
Explanation:
in order to determine gross profit we must prepare the following:
total revenue $156,000
-cost of goods sold ($110,000)
-sales discounts ($3,000)
<u>-sales returns & allow. ($5,000)</u>
gross profit $38,000
operating expenses ($33,000) are not included in the calculation of gross profit
<u>Answer:</u>
<u>Pratt Company should incur additional manufacturing cost of $15,000, since they stands to gain more.</u>
<u>Explanation:</u>
Note that every company usually place more importance to profit first, and tries to reduce losses. if Pratt Company goes with the option of selling for the scrap value, it's profit amounts to only $5,000 ($20,000-$15,000). However, <em>manufacturing further despite the additional cost gives Pratt Company a profit from the transaction of $35,000 ($50,000-$15,000).</em>
So, profit wise, Pratt should incur additional manufacturing cost of $15,000, since they stands to gain more.
