Answer:
The direct labor rate variance is negative 16,500
Explanation:
8,000 units at 2hours per unit = 16,000 hours x <em>$12 per hour</em> = $192,000 standart cost for the job
actual 15,000 hours and $196,200 total labor cost
labor cost per hour = 196,200/15,000 = <em>13.1 actual rate per hour</em>
( standar rate - actual rate ) x actual hours = rate variance
(12 - 13.1) x 15,000 = -1.1 x 15,000 = -16,500
Answer:
The correct decision would be to process further before product is sold
Explanation:
Profit if the product is sold un-assembled
Selling price $135
cost of un-assembled product ($60)
Profit on un-assembled product $75
Profit if the product is further assembled before sale
Selling price $170
Cost of un-assembled product ($60)
Cost of assembling product ($25)
Profit if the product is assembled $85
The profit increased by $10 if the product is further assembled before it is sold.
Hence the best course of action would be to further assemble the product before it is sold
<span>From the descriptions given above about Jared's skills and capabilities,
musician in a band on tour, the careers that he would most likely enjoy are music teacher at a school, life-enrichment director and event planner at a retirement home and professional photographer for special events.
</span>
Answer:
Cost Of Goods Sold= $1,930,000
Explanation:
Giving the following information:
Beginning Finished goods inventory 190000
Ending Finished goods inventory 150000
Cost of goods manufactured for 2020 amounted to $1890000
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 190,000 + 1,890,000 - 150,000= $1,930,000
