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
Tom [10]
2 years ago
15

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one uni

t of Zoom are given below:
Standard Quantity or Hours Standard Price or Rate Standard Cost
Direct materials 7.50 pounds $ 2.40 per pound $ 18.00
Direct labor 0.80 hours $ 7.00 per hour $ 5.60

During the most recent month, the following activity was recorded:
13,250.00 pounds of material were purchased at a cost of $2.20 per pound.
All of the material purchased was used to produce 1,500 units of Zoom.
1,000 hours of direct labor time were recorded at a total labor cost of $9,000.

Compute the materials price and quantity variances for the month.
Compute the labor rate and efficiency variances for the month.
Business
1 answer:
noname [10]2 years ago
7 0

Answer:

<u>DM variances:</u>

Price 2650

Quantity -4,800

<u>Labor Variances:</u>

Rate:-2,000

Efficiency 1400

Explanation:

<u>DM variances:</u>

Price

(std - actual) x actual quantity

(2.4 - 2.2) x 13,250 = 2,650

Quantity

(standard quantity - actual quantity) x std price

(7.5x1,500 - 13,250) x 2.4 = -4,800

<u>Labor Variances:</u>

Rate:

(std rate - actual rate) x actual hours

(7 - 9) x 1,000 = -2,000

actual rate = actual cost/actual hours = 9,000/1,000 = 9

Efficiency

(std hours - actual hours) x std rate

(1,500 x 0.8 - 1,000) x 7 = 1400

You might be interested in
Who might benefit from using a functional resumé?
Tems11 [23]
With no doubt the answer that is correct is the last one: <span>someone with lots of experience in one career field. This type of resumé are usually used by people who have had many different jobs. It requires a lot of experience. So the last option is the correct one. </span>
3 0
3 years ago
True or False: It is common for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures
NNADVOKAT [17]

it is false and uncommon for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures.

Basically, debt investment entails an investor who lends his money to a firm, individual with an expectation of repayment of loan plus interest from them at a particular date.

The practice that borrowers should engage in less risky business strategies for their ventures will not be encouraged by debt investors because it is less risky and will not yield high return to allow them repay their loan quick enough.

Therefore, it is false and uncommon for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures.

Read more about this here

<em>brainly.com/question/25219850</em>

3 0
2 years ago
Tax savings generated from deductions are considered cash inflows.
lubasha [3.4K]
Tax savings generated from deductions are considered cash inflows.

Answer: false

Hope this helps
3 0
3 years ago
The U.S. unemployment rate moves up and down as the economy moves in and out of recessions. But over time, the unemployment rate
crimeas [40]

Answer:

c.4%

Explanation:

Based on the information provided within the question it can be said that the unemployment rate fluctuates but over time, always returns to a range of around 4%. Throughout history in the United States of America the unemployment rate has gone up and down with the times but always returns to normal. This normality is usually 3.9% with the lowest lately having been 3.6% in September of 2019.

7 0
3 years ago
Describe at least two non-discretionary expenses that you expect to have at some point in your life.
ad-work [718]

Answer:

Non-Discretionary Expenses means payments made to third parties on account of: (a) mandatory payments of monthly debt service (but not payment of principal or interest at or after maturity) required under Loan Documents evidencing debt of the Venture or any Subsidiaries; (b) Emergency Expenses; (c) other non-

Explanation:

3 0
3 years ago
Other questions:
  • ___________ Involves decisions that result in brand-new markets, products, and often new businesses by acquiring new assets to d
    13·1 answer
  • How can u keep a converstaion going with somebody
    6·2 answers
  • One end item A requires three component parts: B, C, and D. The bill of material indicates that for each completed A, 3 units of
    5·1 answer
  • Brand differences are worth promoting if they satisfy certain criteria. What are these criteria? Briefly describe each of them.
    14·1 answer
  • Included in Vernon Corp.'s liability account balances at December 31, 2017, were the following: 7% note payable issued October 1
    7·1 answer
  • Shelby's new job with the federal government provides a comfortable income and a fairly stable income. she would like to buy a n
    6·1 answer
  • Which of these elements contributes toward globalization of the economy?
    14·2 answers
  • What taxes and withholdings take the biggest bite out of the amount of your paycheck?.
    5·1 answer
  • If a company can use 100% of its
    13·1 answer
  • Which of the following industries faces the strongest threat from new entrants?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!