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
fomenos
2 years ago
12

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

You might be interested in
Which is better Canes or Zaxbys?
Marat540 [252]
Canes because they are just better
7 0
2 years ago
Read 2 more answers
Any person who knowingly submits false claims to the government is liable for five times the government's damages caused by the
Alina [70]
The statement above is FALSE.
The correct sentence is this: Any person who knowingly submit false claims to the government is liable for THREE TIMES the government damages caused by the violator plus a penalty. This means that the violator will three fold of the damages he causes not five folds.
7 0
2 years ago
Losses from ________ exposure generally reduce taxable income in the year they are realized. ________ exposure losses may reduce
VMariaS [17]

Losses from <u>transaction</u> exposure generally reduce taxable income in the year they are realized. <u>Operating </u>exposure losses may reduce taxes over a series of years.

Transaction exposure is the extent of uncertainty companies concerned in international exchange face. Specifically, it's far the chance that currency exchange quotes will fluctuate after a company has already undertaken a financial duty.

Taxable income is the part of your gross income that the IRS deems a problem with taxes. It includes each earned and unearned profit. Taxable earnings are normally less than adjusted gross income because of deductions that reduce it.

Gross profits consist of all income you obtain that is not explicitly exempt from taxation below the Internal Sales Code (IRC). Taxable profits are the portion of your gross earnings that's sincerely a problem with taxation. Deductions are subtracted from gross profits to reach your amount of taxable earnings.

Learn more about Transaction exposure here brainly.com/question/15021490

#SPJ4

6 0
1 year ago
An employee has gross earnings of $1,200 and withholdings of $91.80 for social security and medicare taxes and $120 for income t
satela [25.4K]

Given the following parameters:

The employer pays the employee (gross earnings) – $1,200

The employer pays for social security and medicare taxes – $91.80

The employer pays for the Federal Unemployment Tax Act (FUTA) – $9.60

The employer pays for the State Unemployment Tax Act (SUTA) –  $64.80


The total cost of this employee to the employer is the summation of all these costs
1,200 + 91.80 + 9.60 + 64.80 = $1366.20

3 0
2 years ago
Sophie is willing to sell her used economics textbook for $30. Ruby is willing to pay $60 for the used economics textbook. Sophi
erastovalidia [21]

Answer:

The correct answer is option A.

Explanation:

Sophie is willing to sell a textbook for $30, while Ruby is willing to purchase it for $60. Both negotiate and agree on a price of $45.

The gain for Sophie will be the difference between the minimum price she was expecting and the price she gets for the textbook.

Gain for Sophie

= $45 - $30

= $15

The gain for Ruby will be the difference between the maximum price she was willing to pay and the price she actually paid.

Gain for Ruby

= $60 - $45

= $15

So, both of them have a gain of $15 from trade.

8 0
2 years ago
Other questions:
  • A consumer values a car at $525,000 and a producer values the same car at $485,000. If the transaction is completed at $510,000,
    5·1 answer
  • When Miami Herald launches a Spanish-language newspaper, El Nuevo Herald, with articles emphasizing Hispanic, Cuban, and Latin A
    5·1 answer
  • What are the trade-offs in a retailer's deciding how much to emphasize private brands rather than manufacturer's brands?
    11·1 answer
  • An upscale organic foods grocery chain is implementing an information system that will enable it to add same-day home delivery o
    5·1 answer
  • You”ve decided that you want to get your household budget under control so you can increase the proportion of money you devote t
    8·2 answers
  • Which workplaces are typical for someone working in Marketing, Sales, and Service? Select all that apply,
    11·2 answers
  • How can we make a village or locality as beautiful as sarangkot ​
    8·1 answer
  • Indicate whether each of the following actions represents foreign direct investment or foreign portfolio investment. Foreign Dir
    10·1 answer
  • There are 10,000 shares of $20 par value cumulative 7 percent preferred stock outstanding, and 90,000 shares of common stock out
    12·1 answer
  • Which country listed has the highest human development ranking?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!