Which of the following statements is true?

Hardigree Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.3 hours per u

djyliett [7]

Answer:

4,140 U

Explanation:

According to the scenario, calculation of the given data are as follows,

Actual Hours = 2,820 hours

Standard rate = $23 per hour

Standard direct labor hour = 0.3 hours

We can calculate labor efficiency variance by using following formula,

Labor Efficiency Variance = Actual hours standard cost - Standard cost

Where, Actual hours standard Cost = Actual hours × Standard rate

= 2,820 × 23

= 64,860

Standard Cost (8,800 units) = Standard hours (8,800 units) × Standard rate

= (8,800 × 0.3) × 23

= 60,720

Hence, by putting the value in the formula, we get

Labor Efficiency Variance = 64,860 - 60,720

= 4,140 U

8 0

2 years ago

Prepare the necessary general journal entries for the month of October for Crane Retail for each situation given below. Crane us

harkovskaia [24]

The necessary journal entries for October month are attached below in the image :

<h3>What do you mean by journal entries?</h3>

All company transactions are documented in journal entries. Generally speaking, a transaction is any financial activity that has an effect on a business.

All the necessary journal entries are attached below:

Learn more about journal entries:

brainly.com/question/13483463

#SPJ1

3 0

2 years ago

Sheridan Company issued $6,500,000 of 6%, 10-year bonds for $5,614,000. The straight line method of amortization is to be used.

Mrac [35]

Answer:

The solution of the given query is explained throughout the segment below.

Explanation:

The given values are:

Company issued amount,

= $6,500,000

Rate of interest,

= 6%

Time,

= 10 years

Now,

On bonds payable amortization, the discount will be:

= $\frac{6,500,000 -5,614,000}{10}$

= $\frac{886,000}{10}$

= $88,600$ ($)

Interest expenses will be:

= $(6,500,000\times 6 \ percent) + 88,600$

= $390,000+88,600$

= $478,600$ ($)

5 0

3 years ago

Hops Grillhouse & Brewery, formerly known as Hops Restaurant/Bar/Brewery, unveiled a multimillion dollar brand strategy feat

ValentinkaMS [17]

Answer: Positioning strategy

Explanation: In simple words it refers to a marketing strategy under which an organisation tries to spotlight specific areas of operations and qualities in the eyes of customers that they have better in comparison to their competitors.

In the given case, The food brewery is offering its product in a different way than the other participants and is trying their best to highlight that quality.

Thus, we can conclude that they are using positioning strategy.

8 0

3 years ago

The owner of a greenhouse and nursery is considering whether to spend $6,000 to acquire the licensing rights to grow a new varie

navik [9.2K]

Answer:

4,000.

Explanation:

The Cost, volume, and profit (CVP) analysis helps manager to evaluate capital projects. It is conducted by companies to determine how much of sales must be made to achieve break-even and target profits. This analysis works on several assumptions, these are:

- Selling price per unit is constant.

- Variable cost per unit is also constant.

- Fixed cost remains constant.

- The stocks produced will must be sold.

To conduct CVP analysis, a contribution income statement is prepared. This is a one of the internal reports prepared by management and the equation to it is as follows:

(SP * Quantity) - (VC * Quantity) = CM - Fixed Cost = Operating Income

where

SP = Selling price

VC = Variable cost

CM = Contribution margin

The above given equation can be used for break-even analysis. To do so, simply solve it for "Quantity". Likewise, it can also be used to determine how much units must be sold to achieve a desired/target profit. The focus here is to determine the quantity that must be sold to achieve a target profit of $6,000. Simply put the given information in the equation and find the quantity;

⇒ (6 * Quantity) - (3 * Quantity) - 6,000 = 6,000

OR Quantity (6 - 3) = 6,000 + 6,000

OR Quantity = 12,000 / 3

⇒ Quantity = 4,000.

So, 4,000 units must be sold to achieve a target profit of $6,000.

6 0

3 years ago