1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tino4ka555 [31]
3 years ago
13

Oslund Company manufactures only one product and uses a standard cost system. During the past month, the following variances wer

e observed: Direct labor rate variance $30,000 favorable Direct labor efficiency variance 50,000 unfavorable Variable overhead efficiency variance 20,000 unfavorable Standard direct labor hours (DLH) per unit 5 Oslund applies variable overhead using a standard rate of $20 per standard DLH allowed. During the month, Oslund used 20% more DLHs than the total standard hours for the units manufactured. What were the total actual direct labor hours worked by Oslund Company during the past month
Business
1 answer:
madam [21]3 years ago
6 0

Answer:

6,000 Hours

Explanation:

Variable overhead efficiency variance = 20,000 U

(SH - AH) * SVR = - 20,000

Actual hours = Standard hours + 20% = 1.20*SH

(SH - (1.20SH) * 20 = - 20,000

-0.20 SH = -20,000/20

-0.20 SH = -1,000

SH = 5,000 Hours

Actual hours = 1.20 * 5,000 Hours

Actual hours = 6,000 Hours

You might be interested in
Foreign firms should seek alliances with well-qualified local companies in countries characterized by inadequate legal and polit
balu736 [363]
<span>Foreign firms should seek this sorts of alliances, because making them is a good way to obtain knowledge of local markets; contrast this to a foreign firm attempting to start up a branch on their own, perhaps in the form of a greenfield venture. They would potentially have to figure out local market conditions from scratch, whereas a local company would potentially have years of successful experience and knowledge already at their fingertips.</span>
8 0
3 years ago
Miller owns a personal residence witha fair market value of $308,000 and an outstanding first mortgage of $246,400. Miller gets
marysya [2.9K]

Answer: $246,400

Explanation:

Qualified residence indebtedness refers to the mortgage that's taken to purchase or improve on one's main home.

Based on the information given above, the on the $246,400 of the first and second mortgage is treated as qualified residence indebtedness.

3 0
3 years ago
On September 1, 2017, Hyde Corp., a newly formed company, had the following stock issued and outstanding:• Common stock, no par,
Pavel [41]

Answer:

Common Stock                                  5,000

Additional paid-in Common stock  70,000

Preferred Stock                                15,000

Additional paid-in Preferred stock 22,500

Explanation:

For the common and preferred stock accounts, we multiply the shares outstanding by the face value.

The additional paid-in will be the difference between the par value and the market price of the share at issuance.

<u>Common stock</u>

5,000 issued shares x $ 1 par value = 5,000

<u>Additional paid-in</u>

15 - 1 = 14 additional paid-in per share

5,000 shares x 14 = 70,000

<u>Preferred stock</u>

1,500 issued shares x $ 10 par value = 15,000

<u>Additional paid-on</u>

25 - 10 = 15 additional per share

1,500 x 15 = 22,500

3 0
3 years ago
What are THREE purposes of monetary policy? A to eliminate competition B. to promote price stability c. to eliminate unemploymen
Oksanka [162]

Answer:

c. to eliminate unemployment,B. to promote price stability and F. to control federal spending

Explanation:

8 0
3 years ago
Your grandparents would like to establish a trust fund that will pay you and your heirs $215,000 per year forever with the first
Tju [1.3M]

Answer:

They should invest $5,119,047.619 today.

Explanation:

The trust fund will pay a fixed amount forever thus it is a perpetuity. The value of perpetuity or Price of perpetuity is the amount that the perpetuity is worth in today's terms based on the cash flows it will generate in future.

The formula for the value or price of perpetuity is,

P0 or V = Cash Flow / r

Thus,

P0 or V = 215000 / 0.04   =  $5,119,047.619

7 0
2 years ago
Other questions:
  • Shaun Barringer has started on his first job. He plans to start saving for retirement. He will invest 4,133 at the end of each y
    8·1 answer
  • Select items that affect incentives for people to produce and exchange goods and services.
    15·2 answers
  • Raycom Construction needs heavy-duty equipment to install a new pipeline in northern Alaska. Raycom's engineers have been asked
    11·1 answer
  • Porsche AG uses the label "Top Guns" to describe one segment of its customers, namely those who care about power and control and
    13·2 answers
  • Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior t
    10·1 answer
  • 1. Using materials In the case and items to which you gain access through a search, describe how Aldi is creating competitive ri
    7·1 answer
  • MC Qu. 98 Garcia Corporation's April sales forecast... Garcia Corporation's April sales forecast projects that 6,100 units will
    9·1 answer
  • What is the name of a person or business that is a parial owner of a company.?
    6·1 answer
  • Swifty Company manufactures and sells three products. Relevant per unit data concerning each product are given below. Product A
    8·1 answer
  • Which statement best describes the current price for the good shown in this graph of supply and demand schedules.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!