1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
On the first day of the fiscal year, a company issues an $949,000, 9%, five-year bond that pays semiannual interest of $42,705 (
KonstantinChe [14]

Answer:

Bond issue price                                                    $892,100

Face value                                                              $949,000

Discount on bond                                                   $56,900

Number of Interest payments (10 years x 2)          10

Discount to be amortized per payment                $5,690

Interest on bond                                                    $51,210

Date        Description                               Debit        Credit

Dec.  31 Bond interest expense             $56,900

              Discount on bonds payable                      $5,690

              Cash                                                           $51,210

              (Interest on bond paid and Premium amortized)

7 0
3 years ago
Derek is launching his career with a job as a human resource assistant. he wants to earn certifications that will help him demon
34kurt

The answer is<u> "The Society for Human Resource Management and HR Certification Institute".</u>


While investigating prerequisites for resource management jobs, it before long ends up obvious that HR confirmation is rapidly moving from being liked to being required. This is an indication that associations, regardless of whether in the for-benefit or non-benefit part, are seeing proficient accreditation with an expanding level of regard.  

In fact, HR certification is currently observed as a central expansion to any HR expert's resume, especially as the present experts in human asset administration confront complex difficulties, for example, an absence of qualified ability and the globalization of business.  

There are a number of nationally recognized human resources designations, including:

Society of Human Resource Management (SHRM)

3 0
3 years ago
3. An investor shorts 100 shares when the share price is $20 and closes out the position six months later when the share price i
solniwko [45]

Answer:

$160

Explanation:

Calculation to determine How much does the investor gain or lose

Investor gain =[($20-$18.2)*100 Shares]- ($0.2*100 shares)

Investor gain=($1.8*100 shares)-($0.2*100 shares)

Investor gain=$180-$20

Investor gain=$160

Therefore The amount that the investor gain is $160

7 0
3 years ago
If we have eight decisions to make and 3 choices for each decision, how can we represent the number of potential outcomes
AveGali [126]

We can represent the number of potential outcomes by 3 to the power 8.

<h3>What is permutation and combination?</h3>

Permutation relates to the act of arranging all the members of a set into some sequence or order.

We can assume, for two choices, we have one decision. This can be represented as, since we have eight decisions,

Representation of the potential outcomes are:

= 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1

= 3^8

= 6,561

Learn more about permutation and combination here: brainly.com/question/21014199

#SPJ1

3 0
1 year ago
Item 6Item 6 Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50
Kipish [7]

Answer:

$1.07

Explanation:

The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:

MC=\frac{80}{75}\\MC=\$1.07

The marginal cost is $1.07.

3 0
3 years ago
Other questions:
  • Recher Corporation uses part Q89 in one of its products. The company's Accounting Department reports the following costs of prod
    13·1 answer
  • If labor and capital are perfect substitutes: A. isoquants are linear and downward sloping. B. cost-minimizing firms will genera
    15·1 answer
  • if you're interested in working for a specific company what type of job site should you look at for opening
    8·2 answers
  • Expenses for items that we do not need are
    6·1 answer
  • The passage is primarily concerned with(A) evaluating a method used to test a particular scientific hypothesis(B) discussing exp
    8·1 answer
  • The project represented by this resource load chart has a maximum limit of 6 units of resource activity in any day. The first ac
    13·1 answer
  • Boise Timber co. computes its break-even point strictly on the basis of cash expenditures related to fixed costs. Its total fixe
    11·1 answer
  • Paunch Burger has a beta of 1.2 and just paid a dividend of $2.30 that is expected to grow at 3.2%. If the risk-free rate is 3%
    8·1 answer
  • Hey<br>new here<br>I need friend <br>I am boy<br>please message me​
    6·2 answers
  • Describe the functions of SARB​
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!