Answer:
The correct answer is letter "B": less qualified workers.
Explanation:
Direct labor rate variance analyses the current cost of direct labor and the regular cost of direct labor over the same operations period. Direct labor rate variance can be caused due to minimum wage increase, hiring less qualified employees or inappropriate cost budget setting.
Answer:
the benefit to his grades from studying for an hour
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
In this scenario, Gomer decided to spend an hour playing basketball rather than studying his books. Thus, his opportunity cost is the benefit to his grades from studying for an hour.
This ultimately implies that, if he had spend the time he used in playing basketball to study, it would have added value to his grades.
Total transferred units = 121,500
Direct labor costs = $30,000
Completed unit from the ending inventory = 42,400 x 25% = 10600
Now the total units transferred = 121,500 + 10600 = 132100
Direct labor cost per equivalent unit = Direct labor costs / total units transferred
= 30,000 / 132100 = 0.227
Direct labor cost per equivalent unit = 0.23.
Have knowledge of basic math
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