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Scorpion4ik [409]
3 years ago
14

Assume that the standard cost to make one finished unit includes 2 hour of direct labor at $8 per hour. During April, 22,000 dir

ect labor-hours were worked, 10,500 units of product were manufactured, and total direct labor cost was $160,000. What is the labor rate variance for April
Business
1 answer:
ruslelena [56]3 years ago
5 0

Answer:

the labor rate variance is $16,000 unfavorable

Explanation:

The computation of the labor rate variance is shown below:

As we know that

Labour Rate Variance = ( Actual Rate - Standard Rate) ×Actual Hours Worked

= ($160,000 ÷ 22,000 direct labor hours - $8) × 22000  direct labor hours

= ($7.27 - $8) × 22000  direct labor hours

= $16,000 Unfavorable

hence, the labor rate variance is $16,000 unfavorable

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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Wilson Corporation sells an industrial solvent at a normal selling price of $100 per barrel. The variable cost per barrel is $40
Ivenika [448]

Answer:

$ 90000

Explanation:

Given :

The normal selling price of an industrial solvent by Wilson Corporation = $ 100 per barrel.

The variable cost per barrel = $ 40

Total fixed cost of the company = $ 900,000 per month.

Number of barrels in excess = 30,000 per month

Number of barrels the buyer wants to buy = 5000 barrels

New fixed cost = $ 60,000

The increased variable cost is $ 10 per barrel over the normal variable cost.

Now if this special order is accepted, the operating income of the company would increase by an amount of $ 90,000.

8 0
3 years ago
Why is Uber a valuable company?
vaieri [72.5K]

Answer:

Because of their data. it improves their experience.

Explanation:

8 0
3 years ago
Haynes, Inc. obtained 100 percent of Turner Company's common stock on January 1, 2017, by issuing 10,000 shares of $10 par value
saveliy_v [14]

Answer:

a. $848,000

b. No

Explanation:

a. The calculation of consolidated equipment balance as of December 31, 2018 is shown below:-

Consolidated equipment balance = Equipment balance of Haynes + Equipment balance of Turner + Allocation based on fair value - Depreciation

= $500,000 + $300,000 + $5,000 - (($5,000 ÷ 5 × 2)

= $500,000 + $300,000 + $5,000 - $2,000

= $848,000

2. No it will not affect by the investment method applied by the parent.

6 0
3 years ago
Which dimension of project management centers on creating a temporary social system within a larger organizational environment t
xxMikexx [17]

Answer:

Sociocultural

Explanation:

Sociocultural dimension of project management focuses on the organization culture that is set of values, assumptions, behaviors shared by organizational members.

3 0
4 years ago
Vang Corp.'s stock price at the end of last year was $38 and its earnings per share for the year were $2.30. What was its P/E ra
Maurinko [17]

Answer:

a. 16.52

Explanation:

The P/E ration is the ratio of an entity's share price to the earnings per share. It is a measure used to measure the accuracy of the valuation of one company's share with another.

Given;

Share price = $38

Earnings per share = $2.30

P/E ratio = share price/earnings per share

= $38/$2.30

= 16.52

Option a.

8 0
3 years ago
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