1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Otrada [13]
3 years ago
13

The manager provided the following information. Direct manufacturing labor hours: 2,400 hours Actual units produced: 12,000 unit

s Budgeted direct manufacturing labor hours: 0.22 hour/unit Budgeted direct manufacturing labor rate: $24 per hour Actual direct manufacturing labor rate: $25 per hour Compute the direct manufacturing labor efficiency variance.
Business
1 answer:
Naya [18.7K]3 years ago
7 0

Answer:

Labor efficiency variance = $5,760 (Favorable)

Explanation:

We know,

Labor efficiency variance = (Standard hour - Accrual hour) × Standard rate

Given,

Accrual hour = 2,400

Standard hour = Budgeted direct manufacturing labor hours × Actual units produced

or, Standard hour = 0.22 × 12,000

Standard hour = 2,640 hours.

Standard rate = $24.

Putting the values into the formula, we can get

Labor efficiency variance = (2,640 - 2,400) hours × $24

Labor efficiency variance = 240 × $24

Labor efficiency variance = $5,760 (Favorable)

As standard hours is higher then actual hours, it is a favorable situation.

You might be interested in
A company normally sells its product for $20 per unit. However, the selling price has fallen to $15 per unit. This company's cur
nata0808 [166]

Answer:

$200 (a deduction)

Explanation:

The accounting standard for inventories IAS 2 requires that inventory be carried at the lower of cost or net realizable value. Inventory will initially be recognized at the cost ( which includes the cost of the item and other associated cost such as freight ). However, its carrying amount must be reviewed to ensure it is not higher than the realizable value.

Given that the selling price is now $15 which is lower than the cost of $16, it means that the amount that can be realized from the sale of a unit is $15.

= $16 - $15

= $1

As such, an adjustment in form of a reduction of the carrying amount of $1 per unit is required. The amount of the lower cost of market adjustment the company must make as a result of this decline in value

= $1 × 200 units

= $200 (a deduction)

8 0
2 years ago
Why are savings tools ideal for storing emergency savings? identify at least two reasons. (2 points?
Vinvika [58]
It’s secure and liquid. Hopes this helps!!!!!

4 0
3 years ago
(01.02 mc) which of these actions was an economic cause of increased tensions between the north and south?
Damm [24]

The correct option is (b) Protective tariffs

Protective tariffs aim to make imported goods more expensive while protecting domestic producers from overseas rivalry.

<h3 /><h3>What is protective tarrifs?</h3>
  • An illustration of a protective tariff would be the US raising the customs charge on clothing imported from Britain so that it is significantly more expensive than clothing made domestically.
  • The importing countries profit the most from tariffs since they design the policy and receive the cash.
  • The main advantage of tariffs is that they generate income from imported products and services. Tariffs may also serve as a springboard for negotiations between two countries.
  • Protective tariffs are designed to shield vital American industries from international competition, stop foreign manufacturers from dumping inexpensive goods in the US, or both.

Learn more about the Tarrifs with the help of the given link:

brainly.com/question/11672570

#SPJ4

I understand that the question you are looking for is "Which of these actions was an economic cause of increased tensions between the North and South?

(a) Dred Scott decision

(b) Protective tariffs

(c) Bleeding Kansas

(d) Lincoln’s election"

6 0
1 year ago
An economic model is useful only if it: ______________
finlep [7]

Answer:

b. contains no positive statements.

5 0
2 years ago
According to the Core Reading, which of the following is NOT a threat presented by rising income inequality? Select one: a. High
Vilka [71]

Answer:

 Option B          

Explanation:

In simple words, Income inequality refers to the severe imbalance in wealth levels typically in the possession of a limited minority of a community with a large accumulation of wealth.

If wealth disparity exists, there is indeed a wide difference in the resources of one group of the society and that of another. Specific forms of discrimination and study of wage differences should be used to explain economic inequality.                      

          Thus, from the above we can conclude that the correct option is B .

4 0
2 years ago
Other questions:
  • Do you believe the cash flows from investing activities should include not only the return of investment, but also the return on
    6·1 answer
  • g Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposi
    7·1 answer
  • The Rejuvo Corp. manufactures granite countertop cleaner and polish. Quarterly sales Q is a random variable with a mean of 25,00
    11·1 answer
  • True/False. A difference between work team and work group is that a group’s performance is merely the summation of each member’s
    8·1 answer
  • Which of the following statements is FALSE?A)A rise in the price level lowers real wealth and results in a lower level of consum
    5·1 answer
  • Henry Ford had a big influence in what era
    12·1 answer
  • The activity that evaluates public attitudes, changes policies and procedures in response to the public's requests, and executes
    9·2 answers
  • Which of the following statements is TRUE?
    9·1 answer
  • Which is not a feature of the four‑firm concentration ratio? a) It is an indicator of the oligopolistic nature of an industry. b
    12·1 answer
  • How would you best describe a manufacturing employee who has lost his job because he was replaced by a robot (new technology) an
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!