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Nonamiya [84]
3 years ago
6

he following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.9 hours S

tandard labor rate $ 15.80 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 8,800 hours Actual total labor cost $ 136,400 Actual output 870 units What is the labor rate variance for the month
Business
1 answer:
FrozenT [24]3 years ago
6 0

Answer:

Direct labor rate variance= $2,640 favorable

Explanation:

Giving the following information:

Standard labor rate $ 15.80 per hour

Actual hours worked 8,800 hours

Actual total labor cost $ 136,400

To calculate the direct labor rate variance, we need to use the following formula:

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

Actual rate= 136,400/8,800= $15.5

Direct labor rate variance= (15.8 - 15.5)*8,800= $2,640 favorable

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For a depository institution, reserves are: liabilities it owes to customers. assets on the balance sheet. borrowings from the c
elixir [45]

Answer:

assets on the balance sheet.

Explanation:

Reserves are percentages of deposits that are required for depository institutions to keep to meet unforeseen contingency. they are usually kept in bank vaults

they are assets and they cannot be lent out

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3 years ago
Because cash transactions occur more frequently than other transactions, there is more chance for making recording errors affect
Fiesta28 [93]

Cash transactions are more likely to be recorded incorrectly than other types of transactions since they happen more frequently.

<h3>What do you name a transaction?</h3>

A transaction is what? An executed contract between such a seller and a buyer to trade goods, services, or capital instruments in exchange for money is known as a transaction. The phrase is also frequently used in business accounting. In corporate bookkeeping, this easy notion could be difficult to apply.

<h3>Do you mean by transaction "payment"?</h3>

A transaction is the outcome of a contract between such a seller and a buyer. In a trade, the seller exchanges cash for the provision of goods, services, or other financial assets. A company's lifeblood is its financial activities, which enable them to produce a consistent revenue stream and manage cash flow.

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7 0
1 year ago
A merchandiser returned inventory worth $1,400 that was purchased on account. Under the periodic inventory system, the joumal
cestrela7 [59]

Answer:

a debit to Accounts Payable for $1,400 and a $1,400 credit to Purchase Returns allowances

Explanation:

Periodic inventory system is one that updates information on inventory on a periodic basis. This is opposite of perpetual inventory system that requires update of inventory system at all times.

In the scenario the merchandiser bought the goods on account. That means he did not pay cash but rather bought on credit.

On purchasing the items accounts payable will be credited thereby increasing the account balance.

Since the items are being returned a debit will be applied to accounts payable resulting in a decrease in the account balance.

A credit will now be posted to purchase returns allowances to show that products have been returned by a buyer

4 0
3 years ago
Which of the following is an example of specialization?(APEX)
sasho [114]

Answer:

B. Pediatrics

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Specialization means focusing on one or a few areas of study, work, or production. A business or an individual concrete on the field where they have a comparative advantage. Specialization increases efficiency as the individual become experts in a particular area. As experts, their productivity increase as they use few resources to achieve a high standard of performance.

Pediatric is a specialized branch of medicine that caters to children. A pediatrician is an expert doctor focusing on treating children, which is specialization.  A hospital, a general practitioner, and an organization are broad terms that don't point a specific line of activity.

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If publishing at a newspaper company is arranged so that editors, editorial assistants, and reporters coordinate to determine wh
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The community arrangement of a newspaper company publication that was organized in a coordinated way by editors, editorial assistants and reporters, this arrangement will align with the ideas brought by Mary Parket Follet.

<h3 /><h3>Mary Parker Follet Theory</h3>

The American author became known as the "Management Prophet" because her theory was based on a broader idea of ​​organizational democracy, going beyond the concepts of economic man, to develop concepts whose focus was human relations.

Therefore, Mary Parker Follet's theory is based on the development of man as a social and cooperative being, which develops from his relationships and behavior patterns, being contrary to Taylorism and based on the appreciation of each individual and integration of work.

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