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andreev551 [17]
2 years ago
14

Eliezrie Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standa

rd Cost Per Unit Direct materials 6.5 kilos $1.00 per kilo $6.50 Direct labor 0.3 hours $10.00 per hour $3.00 Variable overhead 0.3 hours $4.00 per hour $1.20 In January the company's budgeted production was 7,400 units but the actual production was 7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to produce this output. During the month, the company purchased 48,500 kilos of the direct material at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead cost was $7,714. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is:
Business
1 answer:
Travka [436]2 years ago
4 0

Answer:

Direct labor rate variance= $1,827

Explanation:

Giving the following information:

Standard costs:

Direct labor 0.3 hours, $10.00 per hour.

In January the company's budgeted production was 7,400 units but the actual production was 7,500 units.

The company used 2,030 direct labor-hours for $18,473.

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

Direct labor rate variance= (10 - 9.1)*2,030= $1,827

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The research and testing costs associated with the new ovens is said to arise from a product-sustaining activity.

Explanation:

Product-sustaining activities are carried out where appropriate to facilitate the production of each product type. Types of design-sustaining practices include product requirements, technical improvements and special testing procedures.

Such costs may be assigned to each commodity but are not proportional to the number of manufactured units or quantities. Organisation-sustaining operations support the overall production cycle of an organisation.

The ventilation and maintenance of the building, the protection of the facility and the administration are examples of safe facilities.

Products are allocated the costs for the operations at a unit level, batch level and component level depending on the consumption of each commodity. Goods are distributed randomly or viewed as time expense for purpose of facility-sustaining operations.

6 0
2 years ago
Identify a difference between the crisis stage and the dissolution stage of organizational decline. Select one: a. In the crisis
pentagon [3]

Answer: c. Decline is reversible at the crisis stage, whereas it is irreversible at the dissolution stage.

Explanation: Crisis Stage; at this stage decline is still reversible if the

organisation reorganizes it ways of operations or conducting business. What they can do at this point is to carryout cutbacks and layoffs which would help reduce it's financial burden and create additional capital to run the business. At the dissolution stage nothing can be done anymore to salvage the company as it would have run into bankruptcy and would need to fold up.

7 0
2 years ago
Read 2 more answers
Symon's Suppers Co. has announced that it will pay a dividend of $4.23 per share one year from today. Additionally, the company
sweet-ann [11.9K]

Answer:

$68.23

Explanation:

In this question, we apply the dividend growth rate model which is shown below:

The computation of the current share price is shown below:

= (Current year dividend) ÷ (Rate of return on company stock - growth rate)

= ($4.23) ÷ (10.6% - 4.4%)

= ($4.23) ÷ (6.2%)

= $68.23

We simply find out the ratio between the current year dividend per share and difference between the rate of return and the growth rate

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2 years ago
A supermarket uses a periodic review system to manage inventory of gallons of drinking water. Average demand is 152 gallons of w
dem82 [27]

Answer:

The target inventory position is T= 713.6 gallons.

Explanation:

Given:

Average demand =per day = D = 152 Gallons

Standard deviation of demand = σ = 33 Gallons per day

Lead time for delivery = L = 4 days

Z value for 94.5% service level = 1.6

The target inventory position  = (Average demand x Lead time) + Safety stock

= (D × L) + (Z× σ × \sqrt{L})

= (152 × 4) + (1.6 × 33 × \sqrt{4})

= (152 × 4) + (1.6 × 33 × 2)

= 608 + 105.6

= 713.6

4 0
2 years ago
It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the th
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<span>It will cost $3,000 to acquire a small ice cream cart. cart sales are expected to be $1,400 a year for three years. after the three years, the cart is expected to be worthless as that is the expected remaining life of the cooling system. what is the payback period of the ice cream cart? 
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the answer is E.
6 0
2 years ago
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