Answer:
21,500
Explanation:
Given that,
Labor efficiency variance = $8,000 F
Standard Rate = $8 per hour
Standards for direct labor for a product = 2.5 hours
Labor efficiency variance = (Standard Hour for actual output - Actual Hour) × Standard Rate
$8,000 = [(9,000 × 2.5) - Actual Hour] × $8 per hour
1,000 = 22,500 - Actual Hour
Actual hour = 22,500 - 1,000
= 21,500
Therefore, the actual number of hours worked during the past period was 21,500.
Answer: assuming Given the pay rate $7.0 and hours worked is 30 hours
Gross earnings = 7 x 30 = $210
Compensation insurance = 2% x $210 = $4.2
state unemployment insurance = 4% x $210 = $8.4
total deductions = 4.2 + 8.4 = $12.6
net pay = 210 - 12.6 = $197.4
Explanation:
Gross earnings = the pay rate x hours worked
Compensation insurance = 2% of gross earnings
unemployment insurance = 4% of gross earnings
total deductions = Compensation insurance+unemployment insurance
net pay = Gross earnings - otal deductions
Because they can make money in their bank account
Answer:
d. Debit Cash $1,000 and credit Notes Receivable $1,000.
Explanation:
Notes receivable are assets for the firm that occur when other parties make a promise which is documented to give a certain amount at the time of demand or on a particular date.
As we know that<u> when assets will increase it will be debited</u> and <u>when assets will decrease, it will be credited.
</u>
In the given case, note receivable collected by the bank which indicates that asset is decreased because note receivable has already been collected however it was increased when not collected. And cash received here that means asset increased and hence <u><em>Debit Cash $1,000 and credit Notes Receivable $1,000.</em></u>