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elixir [45]
3 years ago
9

Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours pe

r unit of product 2 Budgeted finished units for the period 6,000 Number of finished units produced 5,000 Standard rate per direct labor hour (SP) $20 Direct labor costs incurred $207,000 Actual wage rate per direct labor hour (AP) $18 The direct labor efficiency variance for October was: $20,000 favorable. $3,000 unfavorable. $23,000 favorable. $50,000 unfavorable. $30,000 unfavorable.
Business
1 answer:
Sonbull [250]3 years ago
3 0

Answer:

$30,000 unfavorable.

Explanation:

Calculation for what The direct labor efficiency variance for October was

Using this formula

Direct labor efficiency variance = (Standard hours for actual production - Actual hours) × Standard rate per hour

Let plug in the formula

Direct labor efficiency variance=(5,000 × 2 - $207,000 ÷ $18.00) × $20

Direct labor efficiency variance= (10000 - $11,500) × $20

Direct labor efficiency variance= $1,500 × $20

Direct labor efficiency variance= $30,000 unfavorable

Therefore The direct labor efficiency variance for October was $30,000 unfavorable

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what I think is that it should decrease by 50%

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8 0
3 years ago
Interest is the cost of borrowing. <br> a. True<br> b. False
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Interest is defined as the amount paid regularly at an agreed rate for the use of money lent. Depending on the agreement of both parties, interest is for the delayed repayment of a debt. So, to answer the question above: True.
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Office Depot promises an exceptional online shopping experience, free delivery for purchases over $35, buy-online-collect in sto
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Answer:

Office Depot is following a multichannel marketing

Explanation:

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3 0
2 years ago
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in
kramer

Answer:

Allison should record the purchase at $5880

Explanation:

The net method for recording purchases implies that the purchases is recorded net of the envisaged cash discount on the transaction since the purchaser believes they would settle their account before the cash discount period expires.

Based on the above, the purchases would be recorded as shown below:

cost of purchase=original purchase value*(100%-discount rate)

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discount rate is 2%

cost of purchase=$6000*(100%-2%)

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4 0
3 years ago
The NOI is $1,000,000, the debt service is $800,000 of which $700,000 is interest, the depreciation expense is $250,000. What is
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Answer:

$200,000

Explanation:

We can define before tax cash flow (BTCF) as the amount of money gotten by an investment after receiving all of the revenues and payment of all bills, but without removing any other noncash items or depreciation, and before any calculation of income tax consequences is been done.

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= PBTCF – DS

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= $2,00,000.

5 0
3 years ago
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