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Gemiola [76]
3 years ago
15

The standards for product G78V specify 5.6 direct labor-hours per unit at $13.60 per direct labor-hour. Last month 1,750 units o

f product G78V were produced using 9,850 direct labor-hours at a total direct labor wage cost of $130,220. Required: a. What was the labor rate variance for the month? b. What was the labor efficiency variance for the month?
Business
1 answer:
Anika [276]3 years ago
3 0

Answer:

a. $3,740 Favorable

b. $680 Unfavorable

Explanation:

The computation of labor rate variance and labor efficiency variance is shown below:-

Labor rate variance = Actual cost - (Actual hours × Standard rate)

= $130,220 - (9,850 × $13.60)

= $130,220 - 133,960

= $3,740 Favorable

Labor efficiency variance = Standard rate × (Actual hours - Standard hours)

= $13.60 × (9,850 - 1,750 × 5.6)

= $13.60 × 50

= $680 Unfavorable

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The Hendersons have just bought a home that requires some monthly yard maintenance. They are trying to decide if they should hir
max2010maxim [7]

Answer: 10 months

Explanation:

It would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

Here is how;

Doing it themselves would cost -

$250 - For a lawnmower

$135 - For an edger

$69 - For a hedge trimmer

$25 - For a rake

Summing these up gives $479

It would cost the Hendersons $479 to purchase equipments to carry out their monthly yard maintenance themselves.

On the other hand, if they were to hire a professional service, it would cost

• $75 for the first month and

• $45 for subsequent months

So, $45 * 9months = $405

$405 + $75 (for the initial month) = $480

Comparing the $480 for a professional to the $479 it would cost to purchase equipment and do it themselves, it would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

5 0
3 years ago
Read 2 more answers
If you encounter a process that has limited flexibility, shorter lead times, and cheaper products, customization most likely is
lord [1]

Answer: late in the supply chain

Explanation:

Assemble to order refers to a strategy whereby the products ordered by customers are manufactured quickly while they are customizable to an extent

Even though the basic parts of the product are manufactured already, they're not yet assembled until an order comes in.

If a process that has limited flexibility, shorter lead times, and cheaper products, customization most likely is occuring late in the supply chain.

7 0
3 years ago
Which of the items is most likely to be a complement to coffee?
mestny [16]

Answer:

creamer

Explanation:

Complement Goods:

Are goods that do not compite to each other. At the contrary, if a higher quantity is demanded of one good, a higer demand will ocur n the other as well. And if the demand from one of them decrease, the demand of the complement also decrease.

Give n two products X and Y A consumer will be more like to purchase Y as units X are accumulated.

From the list the only good that fits in this definition is the creamer

8 0
3 years ago
June
bazaltina [42]

Answer:

........................Income Statement for the month of June...............................

Service Revenue.....................................................................$5,544

Less Expenses

Rent Expense .................................................$440

Utilities Expense.............................................$220

Salaries and Wages Expense......................$880

Gasoline Expense...........................................<u>$88</u>

Total Expenses .........................................................................(<u>$‭1,628‬)</u>

Net Income (Loss).............................................................$‭3,916‬

Service revenue = Services performed on the 5th + Services performed on the 20th

= 4,224 + 1,320

= $5,544

5 0
3 years ago
Indicate whether the above items should be disclosed (A) in the summary of significant accounting policies note, (B) in a separa
Drupady [299]

Answer:

(A) in the summary of significant accounting policies.

Explanation:

It has the company's financial statements and also describes the key policies that are being followed by the accounting department. This policy summary is mandated by the accounting framework like IFRS or GAAP.

6 0
3 years ago
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