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xxTIMURxx [149]
2 years ago
6

The Fime Corporation uses a standard costing system. The following data have been assembled for December: Actual direct labor-ho

urs worked 6,200 hours Standard direct labor rate $7 per hour Labor efficiency variance $2,100 Unfavorable The standard hours allowed for December’s production is:
Business
2 answers:
Burka [1]2 years ago
7 0

Answer:

5,900= standard quantity

Explanation:

Giving the following information:

Actual direct labor-hours worked 6,200 hours

Standard direct labor rate $7 per hour

Labor efficiency variance $2,100 Unfavorable

<u>To calculate the standard hour, we need to use the following formula</u>:

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

-2,100 = (standard quantity - 6,200)*7

-2,100= 7standard quantity  - 43,400

41,300/7 = standard quantity

5,900= standard quantity

Delicious77 [7]2 years ago
4 0

Answer:

The standard hour allowed for December production is 5,900 hours

Explanation:

We will use labor efficiency variance to solve the above.

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

Substituting the values given in the question,

-$2,100 = $7(Standard hour - 6,200)

-$2,100 = 7std hr - 43,400

7 Std hr = - $2,100 + $43,400

7 std hr = $41,300

std hr = 5,900 hours

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Ann [662]

Answer:

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b) This kind of red-tape will result in less economic growth, because investments that could have been made during the current year, will be postponed at least one year due to the bureaucracy.

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d) This kind of protectionist policies will likely result in less economic growth because the lack of international trade makes things more expensive for consumers, keeping their incomes from growing, and also because protectionism leads to the misallocation of resources by keeping afloat inefficient economic sectors that under a free trade system would otherwise collapse to give way to more efficient sectors.

5 0
2 years ago
Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don’t need to have exact answers but explain
liberstina [14]

<u>Answer:</u>

<em>a. Beef prices rise.</em>

<em></em>

<u>Explanation:</u>

Beef is commonly utilized as a supplement to tomatoes. When the cost of other commodities increases, the demand for it is a supplement, falls, this would make the interest bend, of tomatoes, move leftward side. This would move the minimal cost bend descending.

The appeal for a feast in a café will likewise expand the interest of the kitchen. This would build the excitement for tomatoes, and subsequently, the interest bend will move rightward.

On the off chance that a commentator applauds the nature of Ella's ratatouille, there will be an expansion sought after for ratatouille. Along these lines, the interest bend will move rightward.

8 0
2 years ago
Jason is the marketing head at his company. He was working on the promotion of a new product. He had included the print media in
Elis [28]

Answer:

Since Jason Is the marketing head, he needs approval from someone on the marketing and accounts department who has a senior position than him.

The project budget change is related to the promotion of campaign which comes under the marketing umbrella, which is why he needs approval of marketing and accounts department.

8 0
2 years ago
Read 2 more answers
Adam Company has 100 units costing $300 in beginning inventory. During the year, the company purchases 900 units for a total cos
shutvik [7]

Answer:

The value of the ending inventory is $ 640

Explanation:

First we have to make a table showing the inventory movements.

Beginning inventory                            100 units                         $    300

Purchases                                             900 units                        $ 2,880

Ending inventory                                   200 units

Adam Company uses the FIFO method which means that the units sold shall be valued at the opening inventory plus purchases. The ending inventory shall be priced at the purchase value.

The unit value for purchases is $ 2,880/900 = $ 3.20 per unit.

So the value of the ending inventory shall be

200 units * $ 3.2 per unit   = $ 640

8 0
2 years ago
Read 2 more answers
A professor is expected to cover 16 chapters in an operations management text each semester. One semester the professor dismisse
Paladinen [302]

Answer:

professor's efficiency is 75%

Explanation:

given data

expected cover = 16 chapters

able to cover = 12 chapters

to find out

the​ professor's efficiency

solution

we know here that when professor works at 100% efficiency

then complete  16 chapter in 1 semester

but here Professor completed only 12 chapter

so for 100% we know 16 chapter that is

100% = 16 chapter

and for x% = 12 chapter

so from above both equation we get x %

x = 100 % × \frac{12}{16}

x = 75%

so we can say that professor's efficiency is 75%

4 0
2 years ago
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