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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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Which one of the following accounts will have a credit balance?
Tems11 [23]

Answer:

Common Stock

Explanation:

We know that

The debit sections track assets, expenses side, and dividend while revenues, stockholder equity, and the liability side are reported in the credit section.

So in the given question, the common stock has credit balance whereas the dividend, supplies, and the salary expense has a debit balance

By proper posting of accounts in the correct columns, the total of debit and credit columns would be matched.

3 0
3 years ago
Using the data in EA-3, assume that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio in
vitfil [10]

The journal entry for the purchase of the stock for the trading securities portfolio is that Securities account debited and bank account credited.

Given that Slick Rocks management purchased the Sandstone stock for the trading securities portfolio instead of the available-for-sale securities portfolio.

We are required to form the journal entry that are required by the facts presented in the case.

A journal is basically a detailed account which records all the financial transactions of a business to be used for the future reconciling of accounts.

The journal entry will be as under:

Securities account debited and bank account credited. If we know that which security is being purchased then we can name that securities also.

Hence the journal entry for the purchase of the stock for the trading securities portfolio is that Securities account debited and bank account credited.

Learn more about journal at brainly.com/question/14279491

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6 0
1 year ago
If a stock is purchased for $100 per share and held one year, during which time a quarterly dividend of $1.5 is paid, each quart
xenn [34]

Answer:

Total yield or rate of return is 0.36 or 36%

Explanation:

To calculate rate of return which is also the total yield on the stock, we will use the following formula,

Total Yield = (D + C) / P0

Where,

  • D represents dividends paid by the stock during the year
  • C is the capital appreciation(pr depreciation) or rise(or fall) in the price of the stock as compared to the purchase price
  • P0 is the purchase price or price in Year 0

Total dividends for the year = 1.5 * 4 = $6

C = 130 - 100 = $30

Total Yield = (6 + 30) / 100

Total yield = 0.36 or 36%

7 0
3 years ago
Find the next term in pattern 3,6,9 the next term is 12 because the previous terms are multipes of 3
dem82 [27]

3 + 3 = 6 + 3 = 9 + 3 = 12 + 3 = 15 an so on

6 0
3 years ago
what type of communication style is usually appropriate for evaluation or counseling interviews with employees?
Nutka1998 [239]

Answer:

formal and respectful

Explanation:

you'd want to sound respectful and formal

7 0
2 years ago
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