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
Aloiza [94]
2 years ago
13

Assume the following: The standard labor rate per hour is $17.00. The standard labor-hours allowed per unit of finished goods is

3 hours. The actual quantity of labor hours worked during the period was 44,000 hours. The total actual direct labor cost for the period was $726,000. The company produced 15,000 units of finished goods during the period. What is the labor efficiency variance
Business
1 answer:
andreyandreev [35.5K]2 years ago
6 0

Answer: $17,000

Explanation:

Labour efficiency variance = Standard rate * (Standard hours - Actual hours )

Standard hours:

= Standard labor-hours allowed per unit * Number of units produced in period

= 3 * 15,000

= 45,000 hours

Labor efficiency variance = 17 * (45,000 - 44,000)

= $17,000 Favorable

<em>Favorable because the standard amount is higher than the actual amount. </em>

You might be interested in
What are THREE purposes of monetary policy? A to eliminate competition B. to promote price stability c. to eliminate unemploymen
Oksanka [162]

Answer:

c. to eliminate unemployment,B. to promote price stability and F. to control federal spending

Explanation:

8 0
3 years ago
On February 15, Jewel Company buys 7,300 shares of Marcelo Corp. common stock at $28.56 per share plus a brokerage fee of $400.
andriy [413]

Answer:

A. Debit Cash $8,614; credit Dividend Revenue $8,614.

Explanation:

The journal entry for recording the dividend as on April 15 is shown below:

On April 15

Cash Dr (7,300 shares × $1.18 per share) $8,614

       To Dividend revenue $8,614

(Being the dividend is recorded)

For recording this here we debited the cash as it increased the assets and credited the dividend revenue as the revenue is also increased

Therefore the correct option is A.

4 0
3 years ago
​Electric, Inc. was incorporated on January​ 1, 2016. Electric issued​ 4,000 shares of common stock and​ 1,200 shares of preferr
S_A_V [24]

Answer:

$57,600

Explanation:

The computation of the total amount paid to preferred shareholders are shown below:

= Number of shares for preferred stock × par value × dividend rate × number of years

= 1,200 shares × $100 × 12% × 4 years

= $57,600

In case of cumulative, the number of years would be four years for dividend paid

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

8 0
3 years ago
An example of a natural monopoly product is...?
yarga [219]
An example of a natural monopoly product would be "Gasoline" because there are several companies who use the one national network. Therefore, gas is a natural monopoly at the distribution stage, but at the retail stage, it is possible to have competition.
3 0
2 years ago
Simplify the expression. 6(7 – 5) + 8
Nataliya [291]

Answer:

The answer is 20

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • Why can the owner of a business withdraw assets from that business for personal use?
    6·1 answer
  • _____1. The price paid for the use of someone else’s property.
    6·1 answer
  • Simply wearing a lap-and-shoulder belt combination can cut your chance of being killed by ____________.
    15·2 answers
  • When purchases of tennis socks decline following an increase in the price of tennis sneakers (other things remaining equal), the
    12·1 answer
  • In a nutritious diet, the foods provide sufficient quantities of essential nutrients, fiber, and energy to maintain health and b
    12·1 answer
  • The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate is 10 percent. If you require a r
    11·1 answer
  • During the introductory stage of the product life cycle__________.a) The company yields very high profits.b) There is significan
    9·1 answer
  • A phrase that refers to the trade-offs
    14·1 answer
  • Suppose a farmer wants to borrow $176,590.00 to buy a tract of land. The BCS bank will make a 22-year loan fully amortized at 6.
    10·1 answer
  • Dell Technologies Inc. Is an integrated IT infrastructure company that brings together hardware, software, and services. Some of
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!