The highest level of LEED certification is ________

After evaluating Null Company’s manufacturing process, management decides to establish standards of 3 hours of direct labor per

docker41 [41]

Answer:

Direct labor rate variance = (SR - AR) $\times$ AH

October = ($15 - $15.20) $\times$ 16,250 = - $3,250 Unfavorable

November = ($15 - $15.25) $\times$ 22,000 = - $5,500 Unfavorable

Direct Labor Efficiency Variance = (SH - AH) $\times$ SR

October = (16,800 - 16,250) $\times$ $15 = 8,250 Favorable

November = (18,000 - 22,000) $\times$ $15 = - $60,000 Unfavorable

Direct Labor Cost Variance = Standard Cost - Actual Cost

October = $252,000 - $247,000 = $5,000 Favorable

November = $270,000 - $335,500 = - $65,500 Unfavorable

Explanation:

Computing variances for each month

Particulars October November Equation

Total units produced 5,600 units 6,000 units (a)

Standard hour per unit 3 hours 3 hours (b)

Total standard hour SH 16,800 18,000 (c) = (a)*(b)

Total standard cost

of labor @ $15 SR per hour $252,000 $270,000 (d) = (c) * 15

Actual hours used AH 16,250 22,000 (e)

Actual cost $247,000 $335,500 (f)

Actual Rate per hour AR $15.20 $15.25 (g) = (f)/(e)

Using the above information we have

Direct labor rate variance = (SR - AR) $\times$ AH

October = ($15 - $15.20) $\times$ 16,250 = - $3,250 Unfavorable

November = ($15 - $15.25) $\times$ 22,000 = - $5,500 Unfavorable

Direct Labor Efficiency Variance = (SH - AH) $\times$ SR

October = (16,800 - 16,250) $\times$ $15 = 8,250 Favorable

November = (18,000 - 22,000) $\times$ $15 = - $60,000 Unfavorable

Direct Labor Cost Variance = Standard Cost - Actual Cost

October = $252,000 - $247,000 = $5,000 Favorable

November = $270,000 - $335,500 = - $65,500 Unfavorable

8 0

3 years ago

In exchange for manufactured goods, Native Americans in the West often traded sheep. Cattle. Furs. Guns.

Olenka [21]

The correct statement is that the Native Americans used to exchange furs for manufactured goods. Such practice of goods in exchange for goods is known as barter system. So, the correct option is C.

Barter system is one of the oldest form of trade and exchange system that has been in existence even before the invention of currency for the purpose of exchange.

<h3>Barter System</h3>

The barter system refers to as a system under which goods and commodities are traded for the exchange of excess goods and commodities.

The barter system has its own discrepancies and faults as there was no specific medium of exchange and this necessity led to the invention of currency notes and coins.

The Native Americans were mostly Indians and carried hunting of animals and hence the furs obtained from animals was in excess with them and as a result, it was exchanged for finished goods.

Hence, the correct option is C that the Native Americans used furs for the exchange of manufactured goods during the days of barter exchange system.

Learn more about barter system here:

brainly.com/question/1888121

4 0

2 years ago

A liquid asset is one that is easy to cash in.

Yuliya22 [10]

Cash on hand is the most liquid asset. Money in a savings account is a popular liquid asset and is very easy to withdraw and more liquid than a loan to a business.

5 0

2 years ago

Read 2 more answers

Bob and Sally are married, file a joint tax return, report AGI of $120,000, and have two children. Del is beginning her freshman

ch4aika [34]

Answer:

B) $5,000

Explanation:

Bob and Sally can claim an American Opportunity (AO) credit for both of their children, Del and Owen.

Del's AO credit is $2,500 (100% of the initial $2,000 qualifying expenses and 25% of the next $2,000 qualifying expenses).

Owen's AO credit is the same as Del's, $2,500.

The total American Opportunity credit claimed is $5,000 ($2,500 + $2,500)

6 0

3 years ago

A restaurant worker earns a set amount per hour from their employer. They also receive tips from customers. Their earnings most

icang [17]

The restaurant worker's earnings closely resemble that of an employee working on commission plus salary.

<h3>What is commission?</h3>

Commission is additional compensation that's earned based on job performance.

It is an extra payment that is accrued during the course of work and are paid in addition to a base salary.

Hence, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.

Therefore, option D is the correct answer.

Learn more about commission here: brainly.com/question/26111961

4 0

2 years ago

The highest level of LEED certification is _________.