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Information regarding Maxwell’s direct labor cost for the month of January follows: Direct labor hourly rate paid $ 29.20 Total

Umnica [9.8K]

Answer:

std rate $30.64
efficiency variance $6,128.00

Explanation:

We will work the rate variance to obtain the standard rate:

$(standard\:rate-actual\:rate) \times actual \: hours DL \: rate \: variance$

actual rate $29.20

actual hours 11,700

difference $1.44

rate variance $16,800.00

$(standard\:rate-29.2) \times 11,700 = 16,700$

$(standard\:rate= 16,700 \div 11,700 +29.2$

std rate $30.64

Now we can solve for the labor efficiency variance:

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 11700

actual hours 11500

std rate $30.64

difference 200

efficiency variance $6,128.00

The diference is positive, sothe variance is favorable.

4 0

3 years ago

You are considering the purchase of an office building for $1.5 million today. Your expectations include the following: first-ye

ddd [48]

Answer:

$289000

Explanation:

Effective Gross Income (EGI): Effective Gross Income is calculated by deducting the Vacancy and collection (V&C) loss from Gross Potential Income (GPI).

First year gross potential income (PGI) is $340,000

Vacancy and collection (V&C) loss is 15% of gross potential income

Therefore, (V&C) allowance = [$340,000 15%]

= $51,000

Calculate Effective Gross Income (EGI) for the first year of operations:

Item

Amount

Potential gross income (PGI)

$340,000

Less: V&C allowance (at 15% of PGI)

($51,000)

Effective Gross Income ( EGI )

$289,000

Hence the EGI is $289,000

7 0

3 years ago

What would be the purchase price for a $5,000, 91-day T-bill paying 3% interest?

Nat2105 [25]

Well, you just need to find it using this formula :

5,000 x [100 % - (3% x 91/365)]

= 5,000 x [ 100 % - 0.007479]

= 5,000 x 99.992521

= $ 4,962.50 >>> rounded

Hope this help

3 0

3 years ago

Read 2 more answers

Most global firms find it is better to have expatriates rather than local staff at the management positions of their foreign ope

pshichka [43]

Answer:A True most global firms find it is better to have expatriates rather than local staff at management positions to their foreign operations because expatriates require less training and development.

8 0

3 years ago

On January 1, 2018, Brussels Enterprises issues bonds at par dated January 1, 2018, that have a $3,400,000 par value, mature in

pashok25 [27]

Answer:

a. Record the entry for the issuance of bonds for cash on January 1, 2018.

January 1, 2018, bonds are issued

Dr Cash 3,400,000

Cr Bonds payable 3,400,000

b. Record the entry for the first semiannual interest payment on June 30, 2018.

June 30, 2018, first coupon payment

Dr Interest expense 153,000

Cr Cash 153,000

c. Record the entry for the second semiannual interest payment on December 31, 2018.

December 31, 2018, second coupon payment

Dr Interest expense 153,000

Cr Cash 153,000

d. Record the entry for the maturity of the bonds on December 31, 2021 (assume semiannual interest is already recorded).

December 31, 2021, payment of bonds payable

Dr Bonds payable 3,400,000

Cr Cash 3,400,000

6 0

3 years ago

Seperate legal entity​

Seperate legal entity