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
OleMash [197]
3 years ago
14

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.4 hours

Standard labor rate $ 13.20 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7,200 hours Actual total labor cost $ 92,160 Actual output 1,050 units What is the labor efficiency variance for the month
Business
1 answer:
dexar [7]3 years ago
7 0

Answer:

the  labor efficiency variance is $35,244 favorable

Explanation:

The computation of the labor efficiency variance is shown below:

As we know that

Efficiency Variance is

= Standard rate × (Standard hours - Actual Hours)

= $13.20 × (9.4 ×1,050 units - 7,200 hours)

= $13.20 × (9,870 hours - 7,200 hours)

= $35,244 favorable

hence, the  labor efficiency variance is $35,244 favorable

You might be interested in
Which of the following statements is correct?a. The role of Finance is to use the numbers developed through accounting to aid in
olganol [36]

Answer:

a. The role of Finance is to use the numbers developed through accounting to aid in decision making.

Explanation:

Finance department is solely responsible for making any conclusions from the financial statements.

Accounts basically helps in maintaining and preparing the financial statements and it represents the true and fair view.

But all the conclusions are drawn by the finance department.

That is the basic role of financing to help the management, draw conclusions and from such conclusions the decisions for further running the business.

3 0
3 years ago
What does the government have to do to enforce consumer-protection
ivann1987 [24]
Your answer is B. oversee production.
3 0
3 years ago
Help find Robert! South Carolina people help me find Robert! thank you!​
Reptile [31]

Answer:

Why do you keep on putting this out?

Explanation:

4 0
3 years ago
Suppose that demand for automobiles increases by 25% when consumers' incomes increase by 20%. what is the income elasticity of d
Shalnov [3]
Income elasticity of demand is a measure of responsiveness of the quantity of goods or services demanded to a change in the income of the people demanding the good. It is calculated as the ratio of the percentage change in the quantity demanded to the percentage change in income. 
In this case, percentage change in quantity demanded is 25% and percentange change in income is 20%
Therefore, income elasticity = 25/20
                                             =  1.25 
3 0
3 years ago
What does consumer goods mean??
Setler [38]

Answer:

Consumer Goods means

<h2>goods bought and used by consumers, rather than by manufacturers for producing other goods.</h2>

Explanation:

Hope this helps!

7 0
4 years ago
Read 2 more answers
Other questions:
  • Rob wants to buy six dining room chairs. anderson's has the chairs priced at five for $259. what is the first step rob would tak
    7·1 answer
  • Suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. Then inflation turns out to be low
    14·2 answers
  • A company uses the declining-balance method of calculating depreciation expense.On January 1, the company buys machinery for $75
    9·1 answer
  • On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the maturity value (principa
    13·1 answer
  • A system of economic organization in which the ownership and control of productive capital assets rests with the state and resou
    6·1 answer
  • Select the correct answer.
    7·1 answer
  • Explain why we can say that maximizing firm value is equal to maximizing stockholders’ equity.
    14·1 answer
  • What is wisdom?
    9·2 answers
  • There were 1,700 units in beginning inventory that were 40% complete with regard to conversion. During the month, 8,550 units we
    12·1 answer
  • Federal agencies enforcing antitrust laws may ask the courts to order a company to cease its operations and liquidate all of its
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!