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BaLLatris [955]
2 years ago
13

Identify what concept is represented in the following scenario, and explain why.

Business
1 answer:
LuckyWell [14K]2 years ago
8 0

This scenario describes a supply chain. A supply chain can be described as a complex sequence of commercial activities with the end goal of providing products and services for consumers. The aforementioned scenario demonstrates exactly this: a sequence starting at early T-shirt production and ending at the T-shirt being ready for sale.  

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The standard number of hours that should have been worked for the output attained is 6,000 direct labor hours and the actual num
LenKa [72]

Answer:

Actual Rate= $9.5  per hour

Explanation:

Giving the following information:

Actual number of hours= 6,300

Direct labor price variance= $3,150 unfavorable

Standard rate= $9 per direct labor hour

<u>To calculate the actual rate, we need to use the direct labor rate (price) variance formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

-3,150 = (9 - Actual Rate)*6,300

-3,150 = 56,700 - 6,300Actual Rate

-59,850 = -6,300Actual Rate

-59,850/-6,300 = Actual Rate

$9.5 = Actual Rate

4 0
2 years ago
Analyzing Data In June, Snead’s Snack Bar sold 1,000 fruit smoothies at a price of $2.50 each. In July, they sold 1,300 fruit sm
Verizon [17]
Overall, Snead's Snack Bar earned more in July, with $2600, while in June they only earn $2500
5 0
3 years ago
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
Snezhnost [94]

Answer:

$4,248 under applied

Explanation:

For computing the ending overhead amount we need to do following calculations which are shown below:

Predetermined overhead rate is

= Total estimated manufacturing overhead ÷ estimated direct labor-hours

= $516,368 ÷ 21,880 hours

= $23.6 per hour

Now

Actual overhead applied  is

= $23.6 ×  21,700 hours

= $512,120

Therefore,

Overhead under applied is

= Manufacturing overhead - Actual overhead applied

= $516,368 - $512,120

= $4,248 under applied

3 0
3 years ago
Cellphone companies rely on the ___________ of conversation to make unlimited night and weekend minutes on cellphone plans profi
aniked [119]
Is it minutes? I thing that it might be minutes.
6 0
2 years ago
Assume that Cane expects to produce and sell 88,000 Alphas during the current year. One of Cane's sales representatives has foun
Reptile [31]

Answer:

Advantage = $360,000

Explanation:

Since fixed costs cannot be changed, it is unavoidable or irrelevant.

We have to deduct the avoidable expenses from the revenue to find whether Cane accepts the order or not.

Revenue ($112 x 18,000 units) =                                           $2,016,000

Less: Relevant Costs (Product costs)

Direct Material      $30 x 18,000 =                            $540,000

Direct Labor          $22 x 18,000 =                            $396,000

Variable Manufacturing Overhead   $20*18,000 = $360,000

Variable Selling expenses            <u>    $20*18,000 = $360,000</u>

Total Relevant costs                                                    <u>        $(1,656,000)</u>

Financial advantage of accepting the new order            $ 360,000

Therefore, the company should accept the new order.

7 0
3 years ago
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