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AysviL [449]
3 years ago
12

Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct m

aterials 7.4 grams $ 2.00 per gram Direct labor 0.5 hours $ 20.00 per hour Variable overhead 0.5 hours $ 7.00 per hour The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is:
Business
1 answer:
tia_tia [17]3 years ago
4 0

Answer:

Direct labor rate variance= $1,666 favorable

Explanation:

Giving the following information:

The company produced 5,200 units in January using 2,380 direct labor-hours.

The actual direct labor rate was $19.30 per hour

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

<u></u>

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

Direct labor rate variance= (20 - 19.3)*2,380

Direct labor rate variance= $1,666 favorable

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"After a severe hurricane in South Carolina, the price of electric generators quadrupled. People living outside of South Carolin
Alona [7]

Answer:

Arbitrage

Explanation:

Arbitrage occurs when the same good sells for different prices at different market. This price difference allows market participants to earn riskless profit .

In this case, the generator is more expensive in South Carolina when compared with other places. Thus, in order to earn riskless profit, people would buy where it is cheaper and sell at South Carolina where it is more expensive.

Economic theory suggest that if this kind of buying continues, soon the prices would be the same in both markets .

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
A company's balance sheet shows: cash $28,000, accounts receivable $34,000, equipment $58,000, and equity $76,000. what is the a
fredd [130]
The amount of liabilities is $196,000
7 0
3 years ago
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Able Pads, Inc., sells plain white printer paper in a perfectly competitive market. What does its individual demand curve look l
nirvana33 [79]

Answer:

The demand curve will look like a straight  line .

Explanation:

Perfect competition is that in which there are large number of buyers and large number of sellers of a commodity and no individual sellers or buyer can control the prices. If the seller try to influence the price then they will loss their buyers as there are many other seller also exist in the market.

Under perfect competition , the firm produce homogeneous product. Both buyers and sellers have full knowledge of the market.

The curve under perfect competition is indicated by horizontal . It shows that a firm can sell any quantity of a product at the prevailing price . And no quantity if they  influence the price.

<u>The figure under shows the curve:</u>

3 0
3 years ago
Both Apple and Google sell electronic devices, and each of these companies has a different product mix.
Marrrta [24]

Answer:

Apple contribution margin

$    300 per unit

Apple Break even point:

$    120 units

Google contribution margin

 $   200

BEP

 $     50

Explanation:

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

<em><u>Where:</u></em>

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

Apple contribution margin

550 - 250 = 300 per unit

Apple Break even point:

36,000 / 300 = 120 units

Google contribution margin

470 - 270 = 200

BEP

10,000 /  200 = 50

3 0
3 years ago
Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data
ehidna [41]

Answer:

a.$7.43 per machine hour

Explanation:

The computation of the single plant wide rate is shown below:

Single plant wide rate = Total overhead cost ÷ Machine hours

where,

Total overhead cost = $84,000 + $72,000 = $156,000

And, the machine hours is

= 1,000 units × 5 + 2,000 units × 8

= 5,000 + 16,000

= 21,000 machine hours

So, the single plant wide rate is

= $156,000 ÷ 21,000 machine hours

= $7.43 per machine hour

4 0
3 years ago
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