Answer:
Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate
Explanation:
Giving the following information:
Benson produced 4000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 25,000 direct labor hours and actual total direct labor costs were $250,000.
<u>We need the information regarding the standard rate for each hour of labor and the number of hours required to manufacture each unit</u>. The formula for direct labor efficiency variance is:
Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate
Answer:
$117
Explanation:
Costco Medical Supply's merchandise inventory:
Surgical equip. Surgical supplies Rehab equip. Rehab supplies
Selling price $276 $134 $354 $152
Cost $156 $136 $255 $152
Cost to sell $17 $17 $16 $7
Net realizable V. $259 <u>$117</u> $338 $145
If we apply the lower of cost or net realizable rule for determining the value of surgical supplies, its value would be: $117 < $136
When we use the lower of cost or net realizable rule, we should value our inventory at the lowest value between original purchase cost and current net realizable value of the products.
Answer: • You should complete Match transactions first, then move on to Add transactions.
• You should match downloaded Bank Feed transactions to Invoice Payments, Sales Receipts, Deposits, or open invoices.
Explanation:
The statements regarding Bank Feed best practice workflows involves the matching of transaction first, after which the transactions can then be added.
Also, one should ensure that the Bank Feed transactions that are downloaded should be matched to to their respective book of account such as deposits, Invoice, Sales Receipts, etc.
Answer:
Explanation:
Total
slope x=550intercept y=3.26b =-0.0026a=4.674.66or 466 would be forecast to sale if the price were $2.8
4.37