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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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Lubov Fominskaja [6]

Answer:

555

Explanation:

4 0
3 years ago
There are 20 workers in Thailand and each can produce either 4 computers or 60 tons of rice. There are 40 workers in the United
Nimfa-mama [501]

Answer:

Thailand:

Opportunity cost of computers = 300/20 = 15 tons of rice

US:

Opportunity cost of computers = 800/100 = 8 tons of rice

US has a comparative advantage in production of computers

Absence of trade:

Thailand consumes 150 tons of rice, it can consume = (300 - 150)/30 x 2 = 10 computers

US consumes 50 computers, it can consume = 400 tons of rice

After trade :

10 computers exchanged for 120 tons of rice

Thailand continues to consume 150 tons of rice, it will consume = 12 computers (=10 + 30/15)

US continues to consume 50 computers, it will consume = 440 tons of rice (=120 + 40 x 8)

Both would accept the proposal as both are better off with trade

7 0
3 years ago
Margaret is the new director of research at a well-known pharmaceutical company. She has been asked to design a set of research
Salsk061 [2.6K]

Answer:

double - blind experiments.

Explanation:

Double - blind experiment -  

It is an experimental method , which helps to avoid any impartiality and any error due to biasing .

The experiment give rise to very accurate results , which is very important for any experiment .

Hence , the new director Margaret , need to design a set of double - blind experiments .

7 0
3 years ago
What skills do you need be a marketing manager? As a marketing manager, you need to have (blank) skills and (blank) skills.
Aleksandr [31]

Answer:

Leadership skills

Technical skills

Organizational skills

Communication skills

Creative skills

Explanation:

8 0
3 years ago
Back Bay Company is a price−taker and uses target pricing. Refer to the following​ information:Production volume602,000units per
kirill115 [55]

Answer: $30.10 per unit

Explanation:

Given that,

Production volume = 602,000 units per year

Market price = $34 per unit

Desired operating income = 17​% of total assets

Total assets = $13,800,000

Total income = 17% of Total assets

                      = 0.17 × $13,800,000

                      = $2,346,000

Total sales = Market price × Production volume

                  = $34 per unit × 602,000 units

                  = $20,468,000

Target full product cost in total for the year:

= Total sales - Total income

= $20,468,000 - $2,346,000

= $18,122,000

Target full product cost per​ unit = \frac{Target\ full\ product\ cost}{Production\ volume}

                                                      = \frac{18,122,000}{602,000}

                                                      = $30.10 per unit

4 0
3 years ago
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