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
hichkok12 [17]
3 years ago
7

The following labor standards have been established for a particular product:Standard labor-hours per unit of output 9.0hoursSta

ndard labor rate$15.10per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 8100 hoursActual total labor cost$191,880 Actual output 800units What is the labor rate variance for the month
Business
1 answer:
harkovskaia [24]3 years ago
3 0

Answer:

Direct labor rate variance= $69,579 unfavorable

Explanation:

Giving the following information:

Standard labor-hours per unit of output 9.0 hours

Standard labor rate= $15.10 per hour

Actual hours worked= 8,100 hours

Actual total labor cost= $191,880

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 191,880/8,100= $23.69 per hour

Direct labor rate variance= (15.10 - 23.69)*8,100

Direct labor rate variance= $69,579 unfavorable

You might be interested in
who was a sole practitioner, about representing him before a governmental board. Due to a conflict of interest arising from the
gladu [14]

Answer:

yes

Explanation:

Based on this scenario, it can be said that yes the attorney's actions are proper because the referral fee was reasonable. A standard referral fee percentage could be around 10% for a closed job, starting at around 2-5% for e-mail introductions and even up to 15-20% for referrals where the referrer deals alone with the client. As long as the referral fee is reasonable and the attorney is not taking advantage then his/her actions are proper and ethical.

3 0
3 years ago
Parker Corporation has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply ma
AnnyKZ [126]

Answer:

Unitary cost= $62.5

Explanation:

Giving the following information:

Predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours.

Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour.

First, we need to determine the allocated MOH:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 50000/20000= $2.5 per direct labor hour

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base= 2.5* (1500/5)= $750

Total cost= 4000 + 1500 + 750= $6,250

Unitary cost= 6250/100= $62.5

3 0
3 years ago
Lunchco Inc. produces picnic tables in a two-step process. Pretreated wood is cut in the Cutting Department and then the lumber
babunello [35]

Answer: company’s direct labor budget = $320000

Explanation:

Given that,

Standard hourly labor rate in the Cutting Department = $12

It takes 30 minutes of direct labor time to cut the lumber

Tables take one hour to assemble

Standard hourly rate in the Assembly Department = $10

Lunchco’s production budget = 20,000

Cutting Department =  production budget × direct labor time × Standard hourly labor rate

= 20000 × 0.5 hours/unit × $12/unit

= $120000

Assembly Department = production budget × Tables take one hour to assemble  × Standard hourly labor rate

= 20000 × 1 hour/unit × $10/unit

= $200000

Therefore,

company’s direct labor budget = Assembly Department + Cutting Department

= 200000 + 120000

= $320000

5 0
2 years ago
Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search.
Softa [21]

Answer: TRUE

Explanation: Discouraged workers are that portion of the population in an economy who have legal age for employment and also wants to get employed but due to long term of unemployment have now stopped looking for it.

Due to repetitive failures in attempt of seeking employment, this section of labor force gets discouraged and is not considered while evaluating unemployment rate in an economy.

7 0
3 years ago
With 34,000 restaurants worldwide and a daily customer count of 69 million people, mcdonald's manages its product mix to generat
lidiya [134]
Oml so much to read ...
4 0
3 years ago
Other questions:
  • What are the rights of incidental beneficiaries?
    11·1 answer
  • On September 1, Home Store sells a mower (that costs $200) for $500 cash with a one-year warranty that covers parts. Warranty ex
    11·1 answer
  • If the world price of a good exceeds the domestic price of the good, will the country export or import the good. In this scenari
    8·1 answer
  • From 2007 to 2012, the u.s. personal savings rate rose. if the additional savings were not translated into investment, keynes wo
    5·1 answer
  • Questions<br>why do we need to understand the idea of culture, society and<br>politics?​
    5·1 answer
  • The following information is available for Miguel Company at December 31, 2020: beginning inventory $160,000; ending inventory $
    10·1 answer
  • Which of the followin is NOT a reason why the required return on a bond may differ form its par value?
    6·1 answer
  • The development policy based on encouraging economic growth via exports of goods and services, usually starting with light manuf
    6·1 answer
  • In classifying the kinds of projects an organization has in its portfolio, projects that are typically needed to support current
    13·1 answer
  • QS 7-10 (Algo) Aging of receivables method LO P3 Net Zero Products, a wholesaler of sustainable raw materials, prepares the foll
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!