Answer:
Direct Labor Rate Variance = $950
Direct Labor Efficiency Variance = $600
Total Direct Labor Spending Variance = $1,550
Explanation:
Data provided in the question:
Standard labor cost per unit = $12
Direct labor hours = 1,900
Actual Direct labor paid = $21,850
Units sold during the month = 1,950
Standard rate, SR = $12
Now,
Actual rate per unit, AR = $21,850 ÷ 1,900
= $11.5
Direct Labor Rate Variance = ( SR - AR ) × Actual hours
= ( $12 - $11.5 ) × 1900
= $950 ( Favourable )
Direct Labor Efficiency Variance = ( Standard hours - Actual hour ) × SR
= ( 1950 - 1900 ) × $12
= $600 ( favourable )
Total Direct Labor Spending Variance = Standard cost - actual cost
= ( 1950 × 12 ) - 21,850
= $1,550 (favourable )
To calculate the direct labor rate variance, multiply the standard labor rate per hour by the actual labor hours and subtract the actual labor cost. To calculate the efficiency variance, multiply the standard labor rate per unit by the difference between the actual units produced and the standard units allowed. To calculate the spending variance, multiply the standard labor rate per unit by the difference between the actual labor cost and the budgeted labor cost.
To calculate the direct labor rate variance, we multiply the standard labor rate per hour by the actual labor hours and subtract the actual labor cost. In this case, the standard labor rate per unit is $12, so the actual labor rate is $12. To calculate the efficiency variance, we multiply the standard labor rate per unit by the difference between the actual units produced and the standard units allowed. In this case, the standard units allowed is 1,900 and the actual units produced is 1,950. To calculate the spending variance, we multiply the standard labor rate per unit by the difference between the actual labor cost and the budgeted labor cost. In this case, the budgeted labor cost is $12 per hour and the actual labor cost is $21,850.
#SPJ11
Answer:
The depreciation expense for Year 1 is $9880
Explanation:
The cost of equipment to be recorded in the books is the price at which it was purchased and the cost incurred to bring it to intended use that is the installation cost. Thus, the cost of the equipment in the books will be recorded as,
Equipment = 88000 + 4000 = $84000
The insurance and maintenance are recurring expenses and are not capitalized.
The depreciation rate under units of production method is,
Depreciation rate = (cost - salvage value) / estimated useful life in units
Depreciation rate = (84000 - 8000) / 100000 = $0.76 per unit
The depreciation expense for Year 1 = 0.76 * 13000 = $9880
Answer:
$10,920
Explanation:
Cost of equipment = List price of equipment + Cost of installation and testing
$88,000 + $4,000 = $92,000
Salvage value = $8,000
Depreciation cost of equipment = Cost of equipment - salvage value
$92,000 - $8,000 = $84,000
Estimated unit of production = 100,000 units
Year 1 units produced = 13,000 units
Depreciation = $84,000 * 13,000 / 100,000
= $10,920
A 1075000 1.2
B 675000 0.5
C 750000 1.4
D 500000 0.75
Answer:
a
Explanation:
AVERAGE BETA = (INVESTMENT * BETA) / TOTAL INVESMENT
3052500 / 3000000
1.0175
Required Return = Risk free Return + (Market Return - Risk free return)* Beta
Required Return = 5% + (10% - 5%)*1.0175
Required Return = 10.08%
Answer:
b.$216,000
Explanation:
The computation of the balance in the capital account for Harrison is shown below:
= Opening balance + additional invested amount - withdrawn amount + net income distributed
= $160,000 + $20,000 - $96,000 + $132,000
= $216,000
We assume that the net income is equally distributed.
Since we have to determine for the Harrison only so we ignored the Marti data which is given in the question
Answer: Income = 8p - 500
Explanation:
The revenue they will make is the quanitity which p multiplied by the price they will sell the pumpkins for which is $8.
The income will then be Revenue - expenses which is the $500 fee.
The expression therefore is;
Income = 8p - 500
To calculate the total income from selling pumpkins, you need to subtract the cost of the pumpkins from the revenue from sales. For example, if 100 pumpkins were sold at $8 each the income would be ($800 - $500) - $300.
The subject of this question is mathematics. The junior class is essentially running a small business by selling pumpkins. To find out their total income, we need to know how many pumpkins they sold. For example, if 100 pumpkins were sold, they would make 100 × $8 = $800 from pumpkin sales.
However, they also have to pay a fee of $500 to buy the pumpkins in the first place. Therefore, to find out their total income, we need to subtract the cost of the pumpkins from the revenue from sales.
If they made $800 from sales: $800 - $500 (cost) = $300. Therefore, if they sold 100 pumpkins for $8 each, their total income would be $300.
#SPJ12
Answer:
60
Explanation:
To Develop a Pareto chart using this information the recommendations would you make:
Know more :
The correct answer to this open question is the following.
Unfortunately, the question does not attach the check sheet with the needed information.
However, we can say that the Pareto chart helps us understand where the priority is to focus on it. The Pareto chart is based on the 80%-20% rule. The Pareto chart says that 20% of the solutions help resolve 80% of the issues.
So Mary Beth Marrs, the manager of the apartment complex must focus on issues such as the parking lot, the ground, and the pool, to appease most of the people and diminish the complaints.