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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.

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At Backstreet Books, Inc., the department manager uses a hand-held scanner to determine the quantity of each best seller the boo
Alexeev081 [22]

Answer: Using technology

Explanation: The backstreet books is using technology to say aware of the needs of customers and make their business operations more fast.

     In the given case, the company is using the scanner so that they can keep records of inventory and sales they made. They are using the technological advancement in their business operations for running the activities more efficiently.

The use of scanner for inventory and best selling book records will help the company to keep up with the demand of customers and also helps in future planning.

7 0
3 years ago
To produce x units of a religious medal costs Upper C (x )equals 17 x plus 32. The revenue is Upper R (x )equals 25 x. Both cost
daser333 [38]

Answer:

a) 4 units

b) $2048

c) 14 units

Explanation:

Break-even quantity (BEP) is the level of activity that a business must operate to make its total revenue equal to its total cost. At this point, the business makes no profit or loss. It gives an idea of the exact number of units of product to be sold in order to cover its total fixed cost.

Break-even point (BEP) is calculated as follows:

BEP (units) = Total Fixed Costs for the Period/ (SP - VC)

SP- selling price, VC- variable cost per unit

Profit : This is the excess of the total revenue over and above the total cost .

Profit = Total revenue - total cost.

<em>Total revenue = SP × units sold</em>

<em>Total cost = Variable cost + Fixed cost</em>

<em>Total variable cost = VC per unit × units sold   </em>

The number of units t achieve a target profit is determined as follows:

Units to achieve profit = (Total fixed cost  + Target profit)/(SP - VC)

Now we can apply all these concepts to our question,

From the question, VC per unit= $17, SP per unit= $25, Fixed cost = $32

a) BEP =  32/(25-17) = 4 units

b) Profit from 260 units

Profit = (25 ×260) - ((17 × 260) + 32)

         =  $6,500- $4,452

          =  $2048

c)  Units to be produced to achieve a profit of $80

Units = (32 + 80)/(25-17)

          = 14 units

3 0
3 years ago
Can u solve this plsss​
Inessa [10]

The main reason why the Japanese liberalized the bank mergers in Japan was to protect the economy and prevent an economic crash.

<h3>What is Financial Liberalization?</h3>

This refers to the removal of regulatory control in the financial sector to promote economic growth.

The government of Japan faced an economic crash that threatened to cripple the economy due to stock market crash, failing banks, etc and there was the use of risk-based capital to try and prevent this, amongst other solutions.

Hence, we can see that the key aspects of the liberalization program were:

  • Mergers
  • Acquisitions.

The key criticism of the program is that it failed to address the scale of the problem and the solution was only short-term.

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6 0
2 years ago
The use of sharp, temporary price cuts as a form of _________________ would enable traditional US automakers to discourage new c
svlad2 [7]

Answer:

The correct answer is predatory pricing.

Explanation:

When we speak of the legal right "defense of free competition", what we are referring to, in very simple words, is a field of law that seeks to safeguard that competition in the markets occurs "in good and sound fashion", this it is, without cheating, fraud or other "abusive" devices that are apt to achieve, maintain or increase the market power of those who execute them, thereby damaging the collective well-being of the economic agents participating in those markets (and not only the of the individuals directly involved in a certain transaction).

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3 years ago
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For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. if you ea
Helen [10]

Average cost for a meal is $4.

<h3>Formula:</h3>

Average cost = Total cost/ no. of goods produced

In this case:

Avg. cost = $600/150 = $4

<h3>What is Average Cost ?</h3>
  • Calculating average cost, sometimes referred to as unit cost, requires multiplying the entire cost by the quantity of an item produced.
  • The average cost has a significant impact on how much firms charge for their products. Average cost, sometimes referred to as average total cost or cost per output unit, is the price paid for an item (ATC).
<h3>How to find the Average cost ?</h3>
  • We may calculate the average cost by multiplying the overall cost by the whole volume of output. By dividing the overall cost by the total output, one may get the average cost or production cost per unit.
  • The long-term price and supply of a product are determined by the average cost. The typical cost includes normal profits.
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2 years ago
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