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Colt1911 [192]
3 years ago
14

Mochel Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has e

stablished the following standard for the direct labor costs of one unit of product:
Standard Hours Standard Rate Standard Cost
1.3 hours $23.00/hour $29.90

The total factory wages for June were $1,316,000, 80 percent of which were for direct labor. The company manufactured 35,000 units of product during June using 44,800 direct labor hours.The direct labor efficiency variance for June is: __________
Business
1 answer:
oee [108]3 years ago
3 0

Answer:

$16,100 favorable

Explanation:

The computation of the direct labor efficiency variance for June is shown below:

= Standard rate × (standard hours - actual hours)

= $23 × (1.3 × 35,000 - 44,800)

= $16,100 favorable

hence, the direct labor efficiency variance for June is $16,100 favorable

The same should be considered and relevant

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what is the purpose of this media message? to inform people that they have the opportunity to support a cause to inform people t
Korolek [52]

The purpose of this media message is to inform people that they have the opportunity to save money. Thus, option B is correct.

What is the media?

Media refers to any route of transmission. This can range from written paper to electronic material, and it provides data in a broad range of forms, including art, journalism, and instructional materials.

A media message is a form of communication that eventually contributes to a viewer, including a television program, website, news article, advertising, or status update through which the information can be conveyed.

As there needs to be a message that needs to be sent to the people, that means that the message can be conveyed that the people need to save money as well as the methods can also be said or be specified in the same with the help of any medium that can be possible. Therefore, option B is the correct option.

Learn more about media, here:- brainly.com/question/27175118

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3 0
1 year ago
Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs includ
Zolol [24]

Answer:

$152.4 million

Explanation:

The computation of the projected net income is shown below:

As we know that

Net income = (EBIT - interest) × (1 - tax rate)

where,

EBIT = Sales - operating cost

= $700 × 120% - ($700 × 120% × 65%)

= $840 - ($840 × 65%)

= $840 - $546

= $294

The interest expense and tax rate is $40 and 40%

So, the projected net income is

= ($294 - $40) × (1 - 40%)

= $152.4 million

We simply applied the above formula so that the projected net income could be come

7 0
2 years ago
In a perfectly competitive market, all producers sellidentical goods or services. Additionally, there arefew buyers and sellers.
Katen [24]

Answer:

false

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

While the market for lettuce sells identical items, there are many buyers and sellers

7 0
3 years ago
Knightmare, Inc., will pay a dividend of $6.15, $9.05, and $12.25 per share for each of the next three years, respectively. The
iVinArrow [24]

Answer:

The current stock price is $21.54

Explanation:

The current price of the share of Knightmare Inc is the present value of all future cash flows receivable from owning stake in the company.

The future cash flows in this sense are the dividends payable by the company in years 1,2 and 3 which are $6.15,$9.05 and $12.25 per share respectively.

The discount factor in this case is given as 1/(1+r)^N where  r is the required rate of return of 11.7% and the relevant year of dividend receipt,hence the share price is computed thus:

Year   cash flow discount factor               PV

1            $6.15      1/(1+11.7%)^1=0.89525   $5.5

2             $9.05  1/(1+11.7%)^2=0.80148      $7,25

3            $12.25  1/(1+11.7%)^3=0.71753        $8.79

Total present value                                      $21.54

4 0
3 years ago
Read 2 more answers
Which of the following concepts requires that economic data be recorded in dollars in the United States?
s344n2d4d5 [400]

Answer:

Unit of measure concept  

Explanation:

The definition for a unit of measure refers to a common principle used throughout accounting, whereby all activities should be reported uniformly using the same currency. For instance, a business that holds its documents in just the U.S. will report its whole dealings in U.S. dollars, whereas a German company will report all its payments in euros.

If a transaction includes transactions or transfers in another currency, the sum is translated until being registered to the domestic currency utilized by an entity. Without a specific standard unit, financial reports will be impossible to generate.

4 0
3 years ago
Read 2 more answers
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