Answer:
D. higher skilled workers were used that performed the task faster than expected.
Explanation:
Labor efficiency variance gives the relationship between the number of direct labor hours you budgeted and the actual hours worked for by the staff.
A favorable direct labor efficiency variance might indicate that higher skilled workers were used that performed the task faster than expected and thus resulting in higher profits.
Answer:
The total amount of product costs for Crystal Soda for the period is $29,960 (in thousands).
Explanation:
Product costs refer to the costs incurred by a business in order to create the product of the company or providing a service to the customers.
Product costs include direct materials costs, direct labor costs and manufacturing overhead costs
For Crystal Soda,
Product costs = Lemon Syrup + Freight-in for raw materials + Plant utilities + Assembly line wages + Plant janitor's wages + Bottles + Lime flavoring = $16,000 + $1,300 + $1,250 + $7,900 + $1,000 + $1,490 + $1,020 = $29,960
Answer:
The division and coordination of labor evolved with the expansion in 1993 due to high demand, by the creation of organization structure that formalizes roles and responsibilities
Explanation:
As Merritt't Bakery expanded, the two founders could not meet up with the demand even with them working 20hours (perday). With the coordination and division of labor implemented, the Bakery worked more efficient and enabled more expansion
D would be the correct answer
Answer:
The amount of the impairment loss that should be recognized is:
$20,000.
Explanation:
a) Data and Calculations:
Undiscounted cash flows = $95,000
Carrying value = $100,000
Fair value = 80,000
Impairment loss = $20,000
b) Impairment loss for the asset group is the difference between the fair value and the carrying value. It is recognized when the fair value declines from the carrying value. This implies that the calculation to determine the impairment loss is achieved by deducting the fair value from the carrying value.
