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2 years ago

The following labor standards have been established for a particular product:

Business

1 answer:

alexandr1967 [171]2 years ago

3 0

Answer:

a. 7400 U

b. 4120 U

Explanation:

A.Calculation to determine the labor rate variance for the month

Using this formula

Labor rate variance=(SR-AR) * AH

Let plug in the formula

Labor rate variance=[20.60-(153,180/7400)]*7400

Labor rate variance=(20.60-20.70)*7400

Labor rate variance=0.1*7400

Labor rate variance=7400 U

Therefore is Labor rate variance 7400 Unfavorable

b. Calculation to determine the labor efficiency variance for the month

Using this formula

Direct Labor Efficiency Variance = (Actual Direct Labor Hours Worked * Standard Labor Rate) - (Units Produced * Standard Direct Labor Hours per Unit * Standard Labor Rate)

Let plug in the formula

Direct Labor Efficiency Variance = (7400 hours x $20.60) - (1500 units x 4.8 hrs* $20.60)

Direct Labor Efficiency Variance = $152,440 - $148,320

Direct Labor Efficiency Variance = $4,120 UnFavorable

Therefore the labor efficiency variance for the month is $4,120 UnFavorable

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3 years ago

The tennis club where you play tennis charges $50.00 per month and $10.00 per hour of court time. If your current month's bill i

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Answer:

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Explanation:

Data provided in the question

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3 years ago

Your Competitive Intelligence team reports that a wave of product liability lawsuits is likely to cause Digby to pull the produc

anzhelika [568]

Answer:

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Explanation:

In order to completely answer the question, the complete question is found online. This question was missing some table attachments which are attached with it.

From the table, it is first noted that the core products are listed which are as below:

Axe
Bolt
Buzz
Deft
Dim

Now as mentioned in the question, deft is to be ignored so the remaining options are:

Axe
Bolt
Buzz
Dim

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2 years ago

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3 years ago

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vitfil [10]

Answer:

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Explanation:

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At the midpoint of the demand curve, demand is usually unit elastic. Above the midpoint of the demand curve, demand is elastic and blow the midpoint, demand is inelastic

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