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3 years ago

a company has designed a new product and tested the prototype. what is the next step in product development?

Business

1 answer:

asambeis [7]3 years ago

7 0

Answer:

They have to test it before it can be put out on the market

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4 years ago

Read 2 more answers

The standard cost card of a particular product specifies that it requires 4.5 direct labor-hours at $12.80 per direct labor-hour

ollegr [7]

Answer:

Total Labor Variance

rate variance $21,460.00 F

efficiency variance $(17,280.00) U

Total Labor Variance 4,180.00 F

Explanation:

$(standard\:rate-actual\:rate) \times actual \: hours = DL \: rate \: variance$

std rate $12.80

actual rate $10.97 (128,300 actual cost /11,700 actual hours)

actual hours 11,700

difference $1.83

rate variance $21,460.00

The difference between actual rate and standard rate is positive, the labor hour cost less. the variance is favorable

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 10350.00 (2,300 units x 4.5 hours per unit)

actual hours 11700.00

std rate $12.80

difference -1350.00

efficiency variance $(17,280.00)

The difference is negative, it takes more hours than expected to produce te 2,300 units the variance is unfavorable

Total Labor Variance

rate variance $21,460.00

efficiency variance $(17,280.00)

4,180.00

3 0

3 years ago