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3 years ago

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

Business

1 answer:

jok3333 [9.3K]3 years ago

6 0

Answer:

Direct labor time (efficiency) variance= 16,497 favorable

Explanation:

Giving the following information:

Standard labor-hours per unit of output 10.3 hours

Standard labor rate $14.10 per hour

Actual hours worked 8,100 hours

Actual output 900 units

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

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 10.3*900= 9,270

Direct labor time (efficiency) variance= (9,270 - 8,100)*14.1

Direct labor time (efficiency) variance= 16,497 favorable

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3 years ago

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The campus bookstore sells a campus mug for $10. When you buy a second campus mug, however, its price is only $6. How does t

masya89 [10]

Answer:

Marginal utility is the benefit of consuming additional unit of a product and it is inversely proportional to price.

Explanation:

Utility is the satisfaction derived from consuming a particular product.

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So the consumer is less willing to buy at current price. However the consumer will be more willing to buy more at a reduced price.

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3 years ago

In a command economy:_______

boyakko [2]

Answer:

Option d

Explanation:

Command economies also recognized as a planned economy have as their core tenet that national government administrators own or operate a business within a nation.

A command economy refers to the mechanism in which the government determines what products should be manufactured, how much should be manufactured and the value at which the products are offered for sale, rather than the free market.

Thus, from the above we can conclude that the correct option is D.

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3 years ago

What is equilibrium wage?

slavikrds [6]

Answer:

This means that the equilibrium wage rate and employment will be determined by the intersection of the horizontal labour supply curve, and the downward sloping MRP (D) curve. The wage rate is determined by the whole market, and this sets the wage rate for all firms in the market.

Explanation:

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1 year ago

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Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $38 per unit. The c

Marrrta [24]

Answer:

Results are below.

Explanation:

First, we need to calculate the total unitary variable cost:

Direct materials= 10

Manufacturing overhead= 5

Direct labor= 2

Selling and administrative= 5

Total unitary variable cost= $22

Now, the contribution margin income statement:

Sales= 5,000*38= 190,000

Total variable cost= 22*5,000= (110,000)

Total contribution margin= 80,000

Fixed Manufacturing overhead= (35,000)

Fixed Selling and administrative= (15,000)

Net operating income= 30,000

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3 years ago