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Gre4nikov [31]
3 years ago
7

Bailey Furniture Company has prepared the following flexible budget for April and is in the process of interpreting the variance

s. F denotes a favorable variance and U denotes an unfavorable variance. Flexible Budget Price Variance Efficiency Variance Material A $50,000 $2,600 F $4,200 U Material B $78,000 $1,500 U $2,900 F Direct manufacturing labor $95,000 $1,200 U $3,700 F The most likely explanation of the above direct manufacturing labor variances is that
Business
1 answer:
Grace [21]3 years ago
3 0

Answer:

See notes below

Explanation:

Rate variance

The rate variance is the  the difference between the standard labor cost of the actual hours paid for and the actual cost.

<em>Possible reasons:</em>

An increase in wage rate

Skilled workers were as against using the unskilled workers planned for

Efficiency variance

Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate

<em>Possible reasons:</em>

The use of skilled workers who worked faster than the unskilled workers planed for

The workers were trained making them more efficient in saving time

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Old Town Industries has three divisions. Division X has been in existence the longest and has the most stable sales. Division Y
Mekhanik [1.2K]

Answer:

b. assign the highest cost of capital to Division Z because it is most likely the riskiest of the three division.

Explanation:

The Old Town Industries will assign highest cost of capital to Division Z because it is research and development side of business. The research will incur high cost to the company. Only the research cost which meets certain conditions it will be capitalized as development costs. This Division Z is riskiest and incurs a large amount of expense for planned search of new technologies.

7 0
2 years ago
Communication may account for as much as____ of a hiring decision.
Serggg [28]
The answer is A
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7 0
2 years ago
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U.S. car dealers sell both used cars and new cars each year. However, only the sales of the new cars count toward GDP. Why does
Airida [17]

Answer:

It will be double counting

Explanation:

GDP or gross domestic product is the measure of the total value of productions in the economy per period. In calculating the GDP, economists consider only finished products produced within the borders of a country in a financial year.

Second-hand cars cannot be counted in the calculation of GDP because it will result in double counting. GDP is calculated using the income, expenditure, or production approach.  The second-hand cars were accounted for when they were purchased or sold for the first time. If the production method was used, the vehicles were accounted for in the year they were manufactured.

3 0
3 years ago
Workshape Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places s
yulyashka [42]

Answer:

d. $672.41 per service call

Explanation:

The computation of the activity rate for servicing goods is shown below:

= (Total servicing good cost) ÷ (Total service calls)

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= $672.41 per service call

The total service call would be

= JIT distributors + Non-JIT distributors

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All other information which is given is not relevant. Hence, ignored it

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3 years ago
Explain concisely whether the following statement is true or false:
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False. Gpd was not designed to assess welfare

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