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3 years ago

When standard direct labor hours differ from actual direct labor hours used, the company experienced a(n):

Business

1 answer:

omeli [17]3 years ago

6 0

Answer:

efficiency variance

Explanation:

When standard direct labor hours differ from actual direct labor hours used, the company experienced an "efficiency varaiance". It can be used in order to analyze how effective an operation is in relation to labor, materials, machine time and other production factors.

Efficiency variance is actually the difference which exists between the theoretical amount of inputs which are needed to produce an output and the actual number of inputs which are required to manufacture the unit of output.

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Last month your average daily rate was $76.99, and you had 2,932 rooms occupied. You want to know how this compares to the same

poizon [28]

Answer:

85 less rooms this year than last

Explanation:

The number of rooms (n) occupied for this month last year is given by the Room Revenue ($231,470) divided by the daily rate ($76.72):

$n=\frac{\$231,470}{\$76.72}\\n=3,017\\$

The number of rooms occupied last year is larger than the number of rooms occupied this year by:

$\Delta n = 3,017-2,932\\\Delta n = 85\ rooms$

The hotel occupied 85 less rooms this year than last.

7 0

3 years ago

Direct Labor Variances Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for Oc

Viktor [21]

Answer:

Labor Efficiency Variance=268 Unfavorable

Labor Rate Variance= $ 150 Favorable

Total Direct Labor Cost Variance= $ 118

Work In Process $ 6432 debit

Explanation:

Glacier Bicycle Company

Quantity of direct labor used 500 hrs.

Actual rate for direct labor $13.10 per hr.

Standard direct labor per bicycle 2 hrs.

Standard rate for direct labor $13.40 per hr

The labor efficiency variance= (Standard Hours allowed * standard labor Rate )- ( Actual Hours * standard labor Rate )

Labor Efficiency Variance= (SH* SR)- (AH*SR)

Labor Efficiency Variance= ( 2* 240 *13.4) - (500* 13.4)

Labor Efficiency Variance= ( 480*13.4) - (500* 13.4)

Labor Efficiency Variance= $ 6432- $ 6700= 268 Unfavorable

Labor Rate Variance= (actual hours * actual rate) - (actual hours* standard rate)

Labor Rate Variance= ( 500 *13.1) - (500*13.4)= 6550-6700= $ 150 Favorable

Total Direct Labor Cost Variance= Labor Efficiency Variance + Labor Rate Variance

Total Direct Labor Cost Variance= 268 Unfavorable +$ 150 Favorable

Total Direct Labor Cost Variance= $ 118

Work In Process $ 6432 debit

Labor Efficiency Variance 268 Unfavorable debit

Labor Rate Variance$ 150 Favorable credit

Accrued Payroll $ 6550 credit

5 0

3 years ago

Successful business strategies generate value. Creating value lays the foundation for the important benefits that economies can

olya-2409 [2.1K]

The main thing which superior performance allows a firm to do is:

reinvest some of its profits in gaining more resources and thus grow.

<h3>What is Business Strategy?</h3>

This refers to the creation and maintenance of competitive advantage of a particular market against other competitors which gives a particular business an edge in the market.

With this n mind, we are told that successful business strategies generate value and then if they are able to leverage on this, then they can reinvest the profits.

Read more about business strategies here:
brainly.com/question/25686320

6 0

2 years ago

Moss County Bank agrees to lend the Sandhill Co. $635000 on January 1. Sandhill Co. signs a $635000, 6%, 9-month note. The entry

sukhopar [10]

Answer:

Cash 635000

Notes Payable 635000

Explanation:

As per the data given in the question,

The journal entry for issuance of the note is

Cash $635,000

To Notes payable $635,000

(Being the issuance of the note is recorded)

Here, Cash will increase the assets value and Notes payable will increase the liabilities value so both the accounts are debited and credited respectively.

Therefore, option C is correct

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3 years ago

Which of the following is a true statement about China? Group of answer choices The Chinese government's shift from communism to

valentina_108 [34]

Answer:

The Chinese government manipulates market activities for political purposes.

Explanation:

1. At the moment, the Chinese government is still a communist-style government, so the first option is wrong.

2. At the moment elaborate bureaucracy is still present in the Chinese model of governance, with about ten million active civil servants under government control. Hence the second option is wrong.

3. Presently, China has over 96% literacy rates, therefore the last option is also wrong.

Hence, the correct answer is the third option which states that "The Chinese government manipulates market activities for political purposes."

7 0

3 years ago