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riadik2000 [5.3K]
2 years ago
12

Gray Corp. employees work 2 hours on each of the 200 units that they produce and are paid $8 per hour. The standards for Gray Co

rp. indicate that employees should be paid $7 per hour and should spend 1.75 hours working on each unit. What is the Direct Labor Efficiency Variance
Business
1 answer:
Cerrena [4.2K]2 years ago
8 0

Answer:

Direct labor time (efficiency) variance= $400 unfavorable

Explanation:

Giving the following formula:

Standard= $7 per hour and should spend 1.75 hours working on each unit.

Actual= 2 hours

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

<u></u>

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

Direct labor time (efficiency) variance= (200*1.75 - 200*2)*8

Direct labor time (efficiency) variance= $400 unfavorable

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2 years ago
A company that creates education products is planning to create a suite of books to help customers prepare for high-stakes tests
GalinKa [24]

Answer:

Explanation:

Since they do not have enough writers to create all of the books then the best option would be to focus on and create Prep for the Grad School Entry Test, Prep for the Law School Entry Test, and Prep for the Medical School Entry Test. This would be the best option since the Grad School Entry Test will prepare students of a wide range of different careers. On the other hand, the two hardest and longest careers are that of Law and Medical School which should get their own books in order for the students to be better prepared.

6 0
3 years ago
The following information relates to the only product sold by Mastrolia Manufacturing. Sales price per unit $ 45 Variable cost p
Oduvanchick [21]

Answer:

a. 40 % and $630,000

b. $ 270,000

Explanation:

The contribution margin ratio = Contribution ÷ Sales

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8 0
2 years ago
From the beginning of 2000 until its peak in 2012, Apple’s stock price rose from $27.97 to $702.10, an increase of 25 times. Yet
Tcecarenko [31]

Answer:

Steve Jobs coming back, Innovations, and Tim Cook taking over as COO

Explanation:

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This can be attributed to the return of Steve Jobs as the CEO of Apple. There was a confidence boost by his coming back. Also there were various innovations like: iPhone, iMac, iPod, and iTunes. These improved the performance and by extension share price of Apple.

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3 0
3 years ago
Which of the following is not an example of how media coverage of the Space Race affected the economy?
mrs_skeptik [129]

Correct option: The media only covered positive elements of the Space Race and never mentioned any setbacks.

The above given option does not talk about any aspect of media coverage of the space race and its effects on the economy. Covering only positive aspect without explaining its economic implications does not have any positive or negative effect on any economic activity, externalities or economic well being of any country. On the other hand, option B , C and D talks about economic implications.


7 0
3 years ago
Read 2 more answers
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