ImpressMe Products embosses notebooks with school and corporate logos. Last year, the company’s direct labor payroll totaled $352,100 for 50,300 direct labor hours. The standard wage rate is $6.75 per direct labor hour. Calculate ImpressMe’s direct labor rate variance. (Round answer to 0 decimal places, e.g. 125. If variance is zero, select "Not Applicable" and enter 0 for the amounts.)
Answers
Answer:
Direct labor rate variance= $12,575 unfavorable
Explanation:
Giving the following information:
Last year, the company’s direct labor payroll totaled $352,100 for 50,300 direct labor hours. The standard wage rate is $6.75 per direct labor hour.
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 352,100/50,300= $7 per hour
Direct labor rate variance= (6.75 - 7)*50,300
Direct labor rate variance= $12,575 unfavorable
Related Questions
The overhead controllable variance is the difference between a. the actual overhead and the overhead applied to production. b. actual overhead and budgeted overhead based on standard hours allowed.c. budgeted overhead based on standard hours allowed and budgeted overhead based on actual hours worked. d. budgeted overhead based on standard hours allowed and the overhead applied to production.
Assume the total cost of a college education will be $200,000 when your child enters college in 16 years. You presently have $73,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child’s college education?
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $17,600,000 Net operating income $6,200,000 Average operating assets $36,000,000Required:a. Compute the margin for Alyeska Services Company.b. Compute the turnover for Alyeska Services Company.c. Compute the return on investment (ROI) for Alyeska Services Company.
Columbia Products produced and sold 900 units of the company's only product in March. You have collected the following information from the accounting records Sales price (per unit) Manufacturing costs $ 448 Fixed overhead 50,400Direct labor (per unit) 35Direct materials (per unit) 112 Variable overhead (per unit) 70 (for the month) Marketing and administrative costs Fixed costs (for the month) 67,500Variable costs (per unit) 14 Required:Compute the following:____1. Variable manufacturing cost per unit $2172. Full cost per unit 3. Variable cost per unit 4. Full absorption cost per unit. 5. Prime cost per unit. 6, Conversion cost per unit. 7. Profit margin per unit 8. Contribution margin per unit 9. Gross margin per unit
Answers
Answer:
B. Fall to Zero
Explanation:
In a perfectly competitive market, product cost are all relatively the same. If a firm decides to raise its price on a product it's demanded quantity becomes relatively nonexistent due to the other competitors whos prices have either remained the same or even dropped in price.
Answers
Explanation:
There are several types of competitive pressures that companies that compete in a global market face, we can mention as more relevant the number of companies that are in the market offering similar products, which means that there may be barriers for new entrants, and make companies need to significantly lower their unit costs and achieve economies of scale to keep their products / services at competitive prices.
In the global market there is also the pressure of socio-environmental responsibility that a company has in the locality in which it is operating, which makes it necessary to adapt the strategies and marketing of the company's operations, products and services to meet the legal and regulatory requirements. meet the demands of consumers according to their wishes and preferences to meet their needs and remain competitive and well positioned in the global market.
Answers
Answer:
The correct answer is: Field maintenance.
Explanation:
In the military, field maintenance involves the efforts of soldiers to repair, regenerate, and preserve equipment and weapons during the battlefield to ensure mission accomplishment. According to the Army Regulation (AR) 750-1, commanders are in charge of keeping equipment supplies and repairs according to what the manufacturers' guidelines request.
Answers
Answer:
z = 0.96, standard deviations to the right of the mean 170 cm
Explanation:
z=
x = 176 cm is 0.96, standard deviations to the right of the mean 170 cm
Answers
Answer:
4.47
Explanation:
The computation of the standard deviation of lead time is shown below:
= √lead time × standard deviation of demand
= √ 5 days × 4
= √20
= 4.47
We simply applied the above formula to determine the standard deviation of demand during lead time
Hence, all the other items would be ignored
Final answer:
The standard deviation of demand during lead time, given an average lead time of 5 days, standard deviation of demand of 4, average demand of 12, and standard deviation of lead time of 1.2 days, can be calculated using a specific formula. The result after substituting the given values into the formula and simplifying is approximately 15.9.
Explanation:
The standard deviation of demand during lead time can be determined using the formula for the standard deviation, which states that the standard deviation of demand during lead time is the square root of (Average lead time * (standard deviation of demand)^2) + (average demand^2 * (standard deviation of lead time)^2).
So you would plug in the given values:
√[(5 * (4)^2) + ((12)^2 * (1.2)^2)]
= √[80 + 172.8]
= √252.8
≈ 15.9
So the standard deviation of demand during lead time is approximately 15.9.
Learn more about Standard Deviation here:
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The expected price paid by Kenji, with no other bidders present, is $:_________
Suppose the owner Of the artwork manages to recruit another bidder, Manuel, to the auction. Manuel is known to value the art piece at $8,000.
The expected price paid by Kenji, given the presence of the second bidder Manuel, is $:_________
Answers
Please find attached
Answer and Explanation:
1. If there are no other bidders present as from question them we can conclude that Kenji would buy the art piece for $5000. See question
2. If there is a bidder present in the name of Manuel who would bid for $8000 then Kenji would bid at $8000 and win the bid for the art piece. See question. Kenji would bid at price of 2nd highest bidder to win the bid for art piece