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irakobra [83]
2 years ago
13

Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standa

rd wage rate $11. During January, Amos incurred 3,781 hours of direct labor and paid $41,066 in wages in production of 18,400 units. Calculate the direct labor rate and efficiency variances and indicate whether the variances are favorable or unfavorable.
Business
1 answer:
andriy [413]2 years ago
7 0

Answer:

$529.34 favorable and $1,111 unfavorable

Explanation:

The computation of the direct labor rate variance is shown below:  

= Actual Hours × (Actual rate - standard rate)  

= 3,781 hours × ($41,066 ÷ 3,781 hours  - $11 per hour)  

= 3,781 hours  × ($10.86 per hour  - $11 per hour)  

= $529.34 favorable

And, the efficiency variance is

= (Standard hours - Actual hours) × standard rate

where,

Standard hours is

= 18,400 units × 0.2

= 3,680 hours

Actual hours is 3,781 hours

So, the efficiency variance is

= (3,680 hours - 3,781 hours) × $11

= $1,111 unfavorable

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The cost of creating an email campaign for a product or a service is typically more expensive and takes longer to conduct than a
kirill [66]

"The cost of creating an email campaign for a product or a service is typically more expensive and takes longer to conduct than a direct-mail campaign" is FALSE.

<u>Option: </u>B

<u>Explanation:</u>

Email campaigning is the practice of mailing out a promotional message via online, usually to a collection of people. Each email sent to a prospective or existing client may be regarded email advertising in its purest sense.

It automatically sends ads, soliciting business, or soliciting sales or donations via email. This process is faster than direct-campaign, because direct is time taking and hectic. Require huge manpower and not that effective as e-mailing, as people are more active and available too in online than offline.

6 0
3 years ago
Which is true of​ price-setters? A. Their pricing approach emphasizes target costing. B. Their pricing approach emphasizes​ cost
olchik [2.2K]

Answer:

Option "B" is the correct answer to the following question.

Explanation:

Price-setters is a community or individual, who set a fair price for a particular commodity or product, these types of Individual or community has a higher quality of goods or product that gave him the ability to set his prices.

Other firms are called price taker who depend on the market price

Price-setters firms use a pricing approach.

5 0
3 years ago
Castle Company provides estimates for its uncollectible accounts. The allowance for uncollectible accounts had a credit balance
Leni [432]

Answer:

Dr Bad debt expense 20,030

     Cr Allowance for doubtful accounts 20,030

Explanation:

first we must determine the net amount of bad debt under direct write off = $17,100 - $2,200 = $14,900

now the increase in the allowance account during 2021 = $22,410 - $17,280 = $5,130

The journal entries following allowance method:

bad debts written off:

Dr Allowance for doubtful accounts 17,100

     Cr Accounts receivable 17,100

bad debts recovered:

Dr Accounts receivable 2,200

     Cr Allowance for doubtful accounts 2,200

Dr Cash 2,200

     Cr Accounts receivable 2,200

Adjustments following allowance method:

recording bad debt expenses (net amount of bad debt + increase in allowance for bad debt account = $14,900 + $5,130)

Dr Bad debt expense 20,030

     Cr Allowance for doubtful accounts 20,030

Now we can check:

$17,280 (beginning balance) - $17,100 write offs + $2,200 recoveries + $20,030 bad debt expense = $22,410 which is the ending balance of allowance for doubtful accounts

5 0
2 years ago
Pollachek Co. purchased land as a factory site for $430000. The process of tearing down two old buildings on the site and constr
UkoKoshka [18]

<u>Solution and Explanation:</u>

Land = 430000 + 48000 - 6800 + 2050 + 1400 = $474650

Building = 2100 + 64000 + 700 + 1200000 + 1610000 + 220000 = $3096800

In the land, cost of land has been included and along with amount to raze old building is included. salvage value is subtracted and legal fees is included and insurance on property cost is also included in the calculation of land.

In the calculation of building, land survey fees is included, drawing of factory plans is included, insurance premium fess is included, instalments amounts is included and interest cost is also included.

8 0
3 years ago
Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after
Leokris [45]

Answer:

d. those that may be stored and repaired

Explanation:

Durable goods are those goods that are stored and repaired. It is to be considered for the long-lasting so it can be stored. Also it can be repaired when they wear out

For example: mobile phone, table, chair, toys, etc

Therefore as per the given situation, the option d is correct

And, the remaining options are to be considered

3 0
3 years ago
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