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Alexus [3.1K]
2 years ago
7

At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July sho

wed that actual maintenance costs totaled $13,680 and that the associated rate variance was $450 unfavorable. If 7,000 machine-hours were actually worked during July, the standard maintenance cost per machine-hour was:
Business
1 answer:
Pachacha [2.7K]2 years ago
7 0

Answer:

$1.89 per machine hour

Explanation:

With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.

Standard maintenance cost = $ 13,680 - $450

= $13,230

Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;

= $13,230 / 7,000

= $1.89

Therefore, the cost was $1.89 per machine hour.

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Which of the following statements is true about work hour
Fittoniya [83]
I think A if not than B I’m sorry if I’m incorrect
6 0
2 years ago
On January 1, 2012, Piper Co., purchased a machine (its only depreciable asset) for $600,000. The machine has a five-year life,
kirza4 [7]

Answer:

Piper should report $308,000 as net income for the year . Option C

Explanation:

Accumulated Depreciation till 2014 = [$600,000×(5+4+3)] ÷ 15 = $ 480,000

Book Value at beginning 2015 = $600,000 - $480,000 = $120,000

Depreciation Expense in 2015 = $120,000 ÷ 2 = $60,000

Net Income before depreciation & taxes = $ 500,000

Depreciation = $ 60,000

Electronic Benefits Transfer = Net Income before depreciation & taxes - Depreciation

= $ 500,000  - $ 60,000  

=$ 440000

Tax Expenses = $440,000 × 30% = $132,000

Net Income =$ 308,000

4 0
3 years ago
When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions
Kryger [21]

Answer:

Human Capital.

Explanation:

When an organization evaluates people based on the economic or productive potential of their knowledge, experience, and actions they are viewing them as human capital which is termed as an intangible asset for any organization but not present on an organization's balance sheet. Human capital is the economic value of the employees skills, expertise and experience which comprises of their training, education, health, intelligence, punctuality, values, ethics, corporate citizenship and loyalty etc.

5 0
3 years ago
Kouba Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.52 direct labor-
Anvisha [2.4K]

Answer:

Kouba Corporation

Direct labor budget for April and May:

                                                         April           May

Production in units                         1,700          1,600

Direct labor-hours per unit             0.52           0.52

Total direct labor-hours needed     884             832

Total direct labor-hours paid          960             960

Direct labor rate                           $9.00          $9.00

Total direct labor cost                $8,640        $8,640

Explanation:

a) Data and Calculations:

                                                          April           May

Production in units                         1,700          1,600

Direct labor-hours per unit             0.52           0.52

Total direct labor-hours needed     884             832

Total direct labor-hours paid          960             960

Direct labor rate                           $9.00          $9.00

Total direct labor cost                $8,640        $8,640

Idle hours paid for                              76              128

Cost for idle hours                        $684          $1,152

b) The Kouba Corporation pays its workers for a total of 204 idle hours with a total cost of $1,836 for the two months period.  This amount is substantial, about 10% of the total amount paid for the two months.

6 0
2 years ago
What’s the answer????
ICE Princess25 [194]

Opportunity cost is the value of your second choice, or whatever you give up to get something

Taylor gives up either the video games or the funny videos. So you can choose either one

7 0
3 years ago
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