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Wittaler [7]
3 years ago
14

Heavy Products, Inc. (HPI) developed standard costs for direct material and direct labor. In 2020, HPI estimated the following s

tandard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price Direct materials 0.90 pounds $60 per pound Direct labor 0.10 hours $30 per hour During June, Heavy Products produced and sold 19,000 containers using 1,200 pounds of direct materials at an average cost per pound of $63 and 17,100 direct manufacturing labor-hours at an average wage of $31.25 per hour. The direct manufacturing labor price variance during June is: $3600 unfavorable $950,400 unfavorable $21,375 unfavorable $21,375 favorable
Business
1 answer:
marissa [1.9K]3 years ago
5 0

Answer:

C. $21,375 unfavorable

Explanation:

Standard rate = $30 per hour

Actual rate = $31.25

Actual time = 17,100 direct labor hours

Direct manufacturing labor price variance= Actual time * (Standard rate - Actual rate)

= 17,100 * ($30 - $31.25)

= 17,100 * (-$1.25)

= $21,375 Unfavorable

So, the Direct manufacturing labor price variance during June is $21,375 U.

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The estimated cost of first time DUI roughly around $1,000 dollars once the potential cost are factored in. The potential cost of a contract is the sum of all the estimated and actual cost of all the fees and reimbursable expenses associated with contact.
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3 years ago
Fitz Company reports the following information.
Paha777 [63]

Answer and Explanation:

The preparation of the operating activities section is presented below:

Cash flows from operating activities

Net income  $374,000

Adjustments made  

Add: Depreciation  $44,000

add: Amortisation expanses  $7,200

Add: Accounts receivable decrease  $17,100

Add: Inventory decrease  $42,000

Less: Prepaid expense increase  -$4,700

Less: Accounts payable decrease  -$8,200

Add: Wages payable increases  $1,200

Less: Gain on sale of machinery  -$6,000

Net cash provided by operating activities  $466,600

4 0
3 years ago
Confirmations that are sent to select customers asking them to review the current balance due the client as shown on the client'
nata0808 [166]

Answer:

The correct answer is letter "C": Positive confirmations.

Explanation:

Positive confirmations are audit procedures by which ambiguous information is clarified. It also implies the confirmation of the accuracy of the data provided in the company's books and Financial Statements. By doing so, liabilities, bank accounts, accounts receivables and payables amounts are verified.

4 0
3 years ago
What are examples of Hospitality and Tourism careers? Check all that apply.
alina1380 [7]

Answer:

D. Tour Guide

D. Tour Guide

A. Hotel Clerk

C. Waitress

Explanation:

these are the direct and  indirect careers related to hospitality and tourism. with the development of productive communications and travelling facilities, hospitality and tourism industry is one of the fastest growing sectors in any economy.

4 0
3 years ago
Read 2 more answers
Anthony currently earns $25 an hour and works 40 hours a week. When his boss offers to pay him $29 per hour, Anthony decides to
timofeeve [1]

Answer:

substitution and income effects will counteract each other totally

Explanation:

A labor supply curve is an economic analysis tool that shows the number or workers that are available to work or that can work at various wage rates.

The labor supply curve can either be bending backwards or sloping downwards or upward curving but it shows the relationship between labour and wage rates.

A labor supply curve can be affected by factors such as population, changes in social behaviour, opportunities in other markets, among other things.

From the above question, it is seen that a change in wage rate for Anthony from $25 to $29 does not affect his work hours positively of negatively. His work hours is the same despite the increase in hourly wage.

The effect of the Anthony sticking to 40 hours of work despite an increase in wage, which could have served as some motivation for him to put in more hours is his labor curve remains same. An increase in wage has done noting to affect the number of hours he works and as such his income vs work rate counters each other.

Cheers.

8 0
2 years ago
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