Examine the supply and demand schedules for cell phones. How much would

Delmar Inc. uses a standard cost system. Labor standards are 2.0 hours per widget at $8.80 per hour. During August, Delmar Inc.

zhuklara [117]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Labor standards are 2.0 hours per widget at $8.80 per hour.

During August, Delmar Inc. paid its workers $147,250 for 16,500 hours.

Delmar Inc. produced 8,600 widgets during August

<u>To calculate the direct labor rate and efficiency variance, we need to use the following formulas:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (8,600*2 - 16,500)*8.8

Direct labor time (efficiency) variance= (17,200 - 16,500)*8.8

Direct labor time (efficiency) variance= $6,160 favorable

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

Actual rate= 147,250/16,500= $8.92

Direct labor rate variance= (8.8 - 8.92)16,500

Direct labor rate variance= $1,980 unfavorable

6 0

3 years ago

There are fewer than half as many publishers of college textbooks in the United States now as a generation ago. Three companies

natka813 [3]

Answer:

oligopoly

Explanation:

According to my research on different franchise characterizations , I can say that based on the information provided within the question this market situation is known as an oligopoly. This term is defined as a market structure in where very few organizations control the whole market. This is situation that is being described in the question.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0

3 years ago

In selecting machine usage as the primary cost driver of overhead costs for the Production Department, management feels that th

pychu [463]

Answer:

True

Explanation:

Machine is the key component while processing the raw material into finished goods.

This is related to the goods as machine hours are directly related with the number of units.

Accordingly, there is a belief of management that the overheads are directly related to machine hours.

And thus, they are allocated based on machine hours under traditional costing. As therefore, the statement is true as states all of the above things.

5 0

3 years ago

Ashley bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350 more than the desktop. She

Digiron [165]

Answer:

Laptop = $3250

Desktop = $2900

Explanation:

Total finance charge = $398

Laptop cost = 350 + x

Desktop = X

<u>Workings</u>

Finance cost = (7% *X ) + (6% * 350+x ) = 398

0,07 X + 0.06 X + 21 = 398

0.13 X + 21 = 398

0.13 X = 398 -21

0.13 X = 377

Therefore ,X = 377/0.13

=2900

Cost of Desktop = 2900

Cost of Laptop =2900+350 =3,250

6 0

3 years ago

Jermaine Dye Corporation acquired two inventory items at a lump-sum cost of $50,000. The acquisition included 3,000 units of pro

vesna_86 [32]

Answer:

Gross profit=15,000-9,375=$5,625

Explanation:

Gross profit can be calculated by the any corporation as follows:

Gross profit: Sales- Cost of sales

In given scenario, sales and cost of sales can be determined as follows:

Sales=Number of LF units sold by Jermaine Dye Corporation*sale price per unit of LF

=1,000*15=$15,000

The corporation is selling LF for 15$ which is 3 times the price at which it is selling 1B and assuming that the entity is earning same gross profit margin on both products, then cost of sales can be determined as follows:

Lets say that cost of one unit of "1B" is "z" then the cost of one unit of "LF" will be "3z" and following equation can be formed for cost of sales:

3,000(3z)+7,000(z)=50,000

9000z+7000z=50,000

16,000z=50,000

z=$3.125(50,000/16,000)=cost of one unit of 1B

Cost for one unit of LF=3*3.125=$9.375

Cost of sales for 1,000 units=9.375*1000=$9,375

Gross profit=15,000-9,375=$5,625

5 0

4 years ago