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arlik [135]
2 years ago
9

Hassock Corp. produces woven wall hangings. It takes 3 hours of direct labor to produce a single wall hanging. Hassock standard

labor cost is $13 per hour. During August, Hassock produced 9,000 units and used 27,160 hours of direct labor at a total cost of $323,220. What is Hassocks labor efficiency variance for August?
Business
1 answer:
NISA [10]2 years ago
5 0

Answer:

Direct labor time (efficiency) variance= $2,080 unfavorable

Explanation:

Giving the following information:

Standard= 3 hours of direct labor per unit

The standard labor cost is $13 per hour.

During August, Hassock produced 9,000 units and used 27,160 hours

<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (3*9,000 - 27,160)*13

Direct labor time (efficiency) variance= $2,080 unfavorable

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Factors involved in importing​
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A country's balance of trade is defined by its net exports (exports minus imports) and is thus influenced by all the factors that affect international trade. These include factor endowments and productivity, trade policy, exchange rates, foreign currency reserves, inflation, and demand.
3 0
3 years ago
On June 5, 2019, Mabel Company purchased an oil well for $850,000. The well contains an estimated $85,000 barrels of oil, with a
maria [59]

Answer:

amount of Depletion = $255,000

so correct option is D) $255,000

Explanation:

given data

purchased oil well = $850,000

barrels of oil = $85,000

barrels of oil were removed = $25,500

to find out

amount of Depletion

solution

we apply here formula for amount of Depletion that is

amount of Depletion = purchased oil well × \frac{oil removed}{barrels of oil}       ............................1

put here value we get

amount of Depletion = $850,000 × \frac{25,500 }{85000l}    

amount of Depletion = $255,000

so correct option is D) $255,000

6 0
3 years ago
Drawing district boundaries to deliberately benefit a candidate or party is an example of:______.
Hunter-Best [27]

Drawing district boundaries to deliberately benefit a candidate or party is an example of Gerrymandering.

Gerrymandering is the practice of drawing electoral district boundaries in a way that gives one political party an unfair advantage over its rivals (political or partisan gerrymandering) or dilutes the voting power of members of ethnic or linguistic minority groups in the United States (racial gerrymandering). A fundamental objection to gerrymandering in general is that it tends to violate two tenets of electoral apportionment: compactness and equality of constituency size.

Gerrymandering can be used to protect incumbents as well. According to Wayne Dawkins, politicians choose their voters rather than voters choosing their politicians. Gerrymandering has a negative connotation, and it is almost always regarded as a corruption of the democratic process.

Learn more about gerrymandering here:

brainly.com/question/17346046

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7 0
2 years ago
When a certain portion of the end product must consist of domestically produced goods or that a certain portion of the final cos
Kamila [148]

Answer:

Local Content Requirements

Explanation:

Local content requirements are policies used by both developing countries and developed countries aiming at promoting the use of local inputs and fostering growth of domestic industries. It requires that a certain agreed upon percentage of intermediate goods or inputs used in the production process be gotten from local or domestic manufacturers.

Government imposes these local content requirements in order for foreign companies to be able to operate in their economy. When it is done properly, there's usually increases in the aspect of local employment with industrial and technological growth of the local manufacturers.

5 0
3 years ago
Exercise 4-15A Calculate net cash flows (LO4-7) Below are several transactions for Meyers Corporation for 2021. Issue common sto
Sphinxa [80]

Answer:

Meyers Corporation

Determining the amount of cash flows:

a. $60,000

b. -$45,000

c. -$1,500

d. $6,000

e. -$10,000

f. -$5,000

Classification as operating, investing, or financing activities:

a. Financing

b. Investing

c. Operating

d. Operating

e. Operating

f. Financing

Explanation:

Meyers Corporation prepares the statement of cash flows which classifies its financial activities into three main sections: operating activities, investing activities, and financing activities sections in order to present the statement in clear and understandable formats.  This statement is one of the main financial statements that report the corporation's financial position and performance at the end of an accounting period.

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