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Galina-37 [17]
2 years ago
12

Flapjack Corporation had 7,712 actual direct labor hours at an actual rate of $12.20 per hour. Original production had been budg

eted for 1,100 units, but only 958 units were actually produced. Labor standards were 7.5 hours per completed unit at a standard rate of $13.13 per hour. The direct labor rate variance is a.$7,172.16 unfavorable b.$7,172.16 favorable c.$7,347.18 unfavorable d.$7,347.18 favorable
Business
2 answers:
SSSSS [86.1K]2 years ago
8 0

Answer:

The direct labor rate variance is $7,172.16 Favourable . The right answer is b.

Explanation:

According to the given data we have the following:

actual direct labor hours=7,712

actual rate=$12.20 per hour

standard rate=$13.13 per hour

In order to calculate The direct labor rate variance we would have the following formula:

Direct labour rate variance = (Standard rate-actual rate)×actual hours

Direct labour rate variance= ($13.13-12.20)×7,712

Direct labour rate variance = $7,172.16 Favourable

The direct labor rate variance is $7,172.16 Favourable

TEA [102]2 years ago
4 0

Answer:

b.$7,172.16 favorable

Explanation:

(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance

std rate          $  13.13

actual rate  $  12.20

actual hours       7,712

difference between actual and standart rate $0.93

As it is positive the variance is favorable as we spend less per hour than standard.

Now, we multiply by the actual hours to get the rate variance:

7,712 hours x $0.93 = $7,172.16

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Vertical merger is the joining of two companies involved in different stages of related businesses.
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3 years ago
Which is a measure of quality control equal to one fault in one million opportunities problems?
snow_tiger [21]

The six 9s of the quality rule are a measure of quality control that is equivalent to one error in a million potential for problems.

<h3 /><h3>What does "quality control" mean?</h3>
  • A technique or collection of procedures known as quality control (QC) is designed to make sure that a service or product is made in accordance with a specified set of quality criteria or that it satisfies the needs of the client or customer.
  • There are various approaches to quality control. These include the Taguchi Method, Six Sigma, an x-bar chart, and 100% inspection mode.
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To learn more about quality control, refer to:

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5 0
1 year ago
A change in the asset turnover ratio from 1.3 to 1.6 would indicate a. a decrease in the effectiveness of assets in producing sa
Zarrin [17]

Answer:

a decrease in the effectiveness of assets in producing sales by a favorable trend in using assets to generate sales.

Explanation:

Assets turnover ratio = \frac{Net Sales}{Average assets}

Therefore when the ratio increases it means the level of sales has increased, with a higher rate than earlier.

Now also with this it reflects that the effectiveness of assets in producing sales as by a favorable trend, as higher the ratio more favorable it is, as depicts higher sales.

7 0
2 years ago
An analyst needs to adjust the nominal GDP for the years 2000 and 2010 into real terms to conclude his comparison analysis. The
valentina_108 [34]

Answer:

The answer is: the real gain in real GDP between 2010 and 2000 is 18.34%

Explanation:

First we have to determine the real GDP using the GDP deflator.

GDP deflator = (nominal GDP / real GDP) x 100

For year 2000:

24 = ($672 billion / real GDP ) x 100

2,400 = $672 billion / real GDP

real GDP = $0.28 billion

For year 2010:

51 = ($1,690 billion / real GDP ) x 100

5,100 = $1,690 billion / real GDP

real GDP = $0.331 billion

To calculate the real gain between real GDP from year 2000 to year 2010, we divide real GDP 2010 over real GDP 2000 and subtract 1:

($0.331 billion / $0.28 billion) -1 = 0.1834 x 100% = 18.34%

5 0
3 years ago
Oscar has negotiated a lease for his sporting goods store in which he is required to pay $2,500 per month in rent. Oscar pays hi
AfilCa [17]

Answer:

The Oscar's fixed costs per month is $2,500

Explanation:

Fixed cost: The fixed cost is that cost in which the amount is remain fixed whether production level change or not, that means it does not have any effect on the production level.

In the given question,

Monthly rent is $2,500 which is fixed so, it would be considered as fixed cost

The per hour pay and electrical bill depend upon the total hours of operation which means if the more hours, the workers are engaged so more pay will be give to them, and more electricity bill come.

And if they are working few hours, than less rate and less electrical bill will be there which reflects the variable cost. So, these cost are considered variable cost. Thu, it would not be included in the fixed cost.

Hence, Oscar's fixed costs per month is $2,500

6 0
2 years ago
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