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Nonamiya [84]
2 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]2 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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Answer:

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6 0
3 years ago
Read 2 more answers
Maurice can drive or fly from Jacksonville, Florida to Atlanda, Georgia, for a one-day business trip. If he drives, he will be a
ArbitrLikvidat [17]

Answer:

c. $150.

Explanation:

the extra amount of hours Maurice can work taking a flight will be of 5 hours

(8 hours taking a plane against 3 hours if driving)

As the income per hour is 30 dollar it can generate;

5 hours x $30 per hour = $150

Maurice will only travel by plane if it generates the same or more income than the driving thus, a differencial price of less than 150 dollars will provide Maurice with a net gain. Also we should consider that if Maurice drives his car it is taking a depreication hit per mile while driving that is being ignoer to keep the assignment simple. But considering that the amount of differential income could be higher than $150

8 0
3 years ago
A new company to produce state-of-the-art car stereo systems is being considered by Jagger Enterprises. The sales price would be
dybincka [34]

<u>Solution:</u>

The price per variable unit is set at 1.5 times the cost; the VC / unit is estimated at $2.50.

Price = 2.5 * 2.50 = $6.25

Variable cost = $2.50

Fixed cost = $220,000

Break-Even Volume = Fixed cost / (Price - Variable cost)

                                  = $220.000 / (6.25 - 2.50)

Break-Even Volume = 58,667 units

4 0
3 years ago
Based upon Booked Orders and Sales Predictions, the expected finished goods requirements is 550 units over the planning period.
BARSIC [14]

Answer: 0 units

Explanation:

Future Planned Production Orders = Expected goods requirement - Finished goods in inventory - Schedule production

= 550 - 450 - 150

= -50 units

Include no units because the finished goods and the scheduled production make up the requirement for the period.

5 0
3 years ago
Esquire Comic Book Company had income before tax of $1,000,000 in 2016 before considering the following material items:
Ganezh [65]

Answer:

                    Esquire Comic Book Company

                               Income Statement

               For the Year Ended December 31, 2016

Operating income                                                $1,000,000

<u>Restructuring costs                                                 ($80,000)</u>

Income from continuing operations b/ Taxes      $920,000

<u>Income tax expense                                              ($368,000)</u>

Income from continuing operations                                        $552,000

Discontinued operations:

  • Operating income                                         $500,000
  • Loss on disposal                                          ($350,000)
  • <u>Income tax on discontinued operations      ($60,000)</u>

Income from discontinued operations                                     $90,000

<u>Net income                                                                               $642,000</u>

Explanation:

Income from discontinued operations must be reported separately, but any restructuring costs must be included as operational expenses.

8 0
3 years ago
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