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slavikrds [6]
3 years ago
13

Sheridan Company’s standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company i

ncurs 2,970 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of finished product. Compute the total, price, and quantity labor variances.
Business
1 answer:
seraphim [82]3 years ago
3 0

Answer:

Total variation= $363 favorable

Explanation:

Giving the following information:

Sheridan Company’s standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of finished product.

Direct labor efficiency variance= (SQ - AQ)*standard rate

Direct labor efficiency variance= (3,300 - 2,970)*11= 3,630 favorable

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

Direct labor rate variance= (11 - 12.1)*2,970= 3,267 unfavorable

Total variation= 363 favorable

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Answer and Explanation:

The Preparation of the sales budget and the computation of the amount of total sales revenue for the year is shown below:-

<u>Sales Budget  For Year 1   </u>

Quarter     Number of   Sale price (B)     Sales Revenue

                 Units (A)                                   (A) × (B)

1                      5,000              $50              $250,000

2                      5,250             $50              $262,500

(5,000 × 105%)

3                     5,513                $50             $275,650

(5,250 × 105%)  

4                   5,789                 $50           $289,450

(5,513 × 105%)

Total                                                        $1,077,600

5 0
3 years ago
For long-term positive relations, the goal of negotiation should most likely be to ________. a) establish a clear line of commun
slava [35]

Answer:

The correct answer is c) reach a settlement that benefits all parties.

Explanation:

Taking into account the nature of the relationship (long-term), an adequate treatment is exclusively required to achieve broad levels of negotiation. When this process is carried out under a harmonious environment, it is more feasible that part and part objectives can be achieved, which allows negotiations to be carried out in the future for the benefit of both people. A negotiation requires time and studies, for which some claims that harm the establishment of a common good must be lowered.

6 0
3 years ago
How does a change in a​ country's real exchange rate affect its net​ exports?
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Answer: (C) When a​ country's real exchange rate appreciates​, it imports more and exports less​, causing its net exports to fall.

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When a country's real exchange rate appreciates i.e the value of its currency increases, it imports more because more products could be bought with the same amount of the currency as a result of its increased value, and it export less because their goods would become more expensive for other countries resulting in reduced demand. Therefore, resulting in the fall of its net export. This is a form of trade balance.

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3 years ago
What is a database query?
Julli [10]

Answer:

is as request to access data from as database to manipulate it or retrieve it

4 0
3 years ago
Read 2 more answers
When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one
dexar [7]

When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region, it is known as geographic segmentation.

<h3>What are consumer preferences?</h3>

The products or commodities, which are demanded by consumers in a specific quantity at a given price due to the utility it brings to an individual consumer, is known as a consumer preference.

Hence, option A holds true regarding consumer preference.

Learn more about consumer preferences here:

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6 0
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