last month, the company produced and sold 100 units of its product, using 110 direct labor hours at a rate of $16 per hour. what amount is the company's direct labor efficiency variance for last month?
Answers
The company's direct labor efficiency variance for last month is $0., which is the difference between the actual hours and standard hours times the standard rate.
What is direct labor efficiency variance?The difference between actual hours worked by direct labor and the standard hours that should have been worked for the actual output obtained is referred to as direct labor efficiency variance. It is calculated by subtracting the standard cost of actual hours from the actual cost of direct labor.
What is the formula for direct labor efficiency variance?The formula for direct labor efficiency variance is as follows:
Direct labor efficiency variance = (Actual hours - Standard hours) x Standard rate per hour
What is the formula for standard hours?The formula for standard hours is as follows:
Standard hours = Actual output x Standard hours per unit
The given information:
Units produced = 100
Direct labor hours used = 110
Rate per hour = $16
Actual hours = 110
Standard hours = Standard hours per unit × Units produced
= 1.1 × 100 = 110
Direct labor efficiency variance = (Actual hours - Standard hours) × Standard rate per hour
= (110 - 110) × $16
= $0
The formula for direct labor efficiency variance is as follows:
Direct labor efficiency variance = (Actual hours - Standard hours) × Standard rate per hour
Where:
Actual hours are the number of hours worked by the direct labor.
Standard hours are the number of hours that should have been worked for the actual output obtained.
The standard rate per hour is the standard rate per hour paid for direct labor.
The formula for standard hours is as follows:
Standard hours = Actual output × Standard hours per unit
Where:
Actual output is the actual number of units produced.
Standard hours per unit is the number of hours required to produce one unit of the product.
Given,
Units produced = 100
Direct labor hours used = 110
Rate per hour = $16
To calculate the standard hours per unit, divide the total direct labor hours by the number of units produced.
Standard hours per unit = Direct labor hours used / Units produced= 110/100= 1.1 hours
Therefore,
Standard hours = 1.1 × 100 = 110 hours
Actual hours = 110
Direct labor efficiency variance = (Actual hours - Standard hours) × Standard rate per hour
= (110 - 110) × $16
= $0
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Related Questions
after analyzing a hazmat incident, your next action should be to
Answers
After analyzing a hazardous materials (hazmat) incident, the next action should generally be to take appropriate steps to mitigate the situation and ensure the safety of individuals and the environment.
The specific actions will depend on the nature and severity of the incident, but here are some general steps that may be taken:
Activate Emergency Response: If the hazmat incident poses an immediate threat to safety, notify the appropriate authorities and activate the emergency response system.
This may involve contacting emergency services, such as fire departments or hazardous materials response teams.
Secure the Area: Establish a perimeter around the incident site to prevent unauthorized access and to protect both responders and the public from potential hazards. This may involve setting up barricades, cordoning off the area, and controlling traffic.
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explain advertisement
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Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Superior corp. applies manufacturing overhead to production at 65% of direct labor cost. during the year ended 20xx, manufacturing overhead of $129,220 was applied to production; actual manufacturing overhead was $156,500. ending work in process inventory was $22,440 and ending finished goods inventory was $31,020. work in process inventory increased by 20% during the year and finished goods inventory increased by 10% during the year. unadjusted cost of goods sold was $574,300. complete the following schedule:
Answers
Direct Labor Cost = $198,800
Beginning finished goods inventory = $28,200
Overhead = $27,280
COGM = $577,120
Current Manufacturing Cost = $249,100
Adjusted Cost of goods sold = $601,580
Working Notes:
(i) Direct labor cost = Overhead applied / direct labor cost applied to overhead as a percentage
Direct Labor Cost = 129220 / 0.65
Direct Labor Cost = $198,800
(ii) Beginning work in process = Ending WIP / (1 + percent increase)
Beginning WIP = 22440 / (1 + 0.20) = 22440 / 1.20
Beginning WIP = $18,700
Beginning finished goods inventory = 31020 / (1 + 0.10) = 31020 / 1.10
Beginning finished goods inventory = $28,200
(iii) Underapplied / Overapplied overhead = Actual OH - applied OH
Overhead = 156500 - 129220
Overhead = $27,280
(iv) Cost of Goods manufactured = Cost of products sold without adjustment + Ending finished goods inventory - Beginning Finished goods inventory
COGM = 574300 + 31020 - 28200
COGM = $577,120
(v) Current manufacturing cost = cost of goods manufactured + Ending WIP - Beginning WIP
Current Manufacturing Cost = 577120 + 22440 - 18700
Current Manufacturing Cost = $580,860
(vi) Direct material used = Current manufacturing cost - direct labor -overhead applied
Direct Material = 599560 - 198800 - 129220
Direct Material = $252,840
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1. What is the difference between the consumer market and the business market?
Answers
Answer:
Business markets refer to organizations, businesses, or entities that acquire products and services for use in the production of other services and products. On the other hand, consumer markets refer to markets where producers sell their products or services directly to the final consumers.
Explanation:
According to the reading, what might support a premium pricing strategy? a) Forming your business as a corporation b) Fresh ingredients c) 24 hour operation d) None of the above
Answers
Answer: Fresh ingredients
Explanation:
____ is a useful sales and marketing tool to help companies match customers with products they would be likely to purchase.
Answers
Data analysis is a useful sales and marketing tool to help companies match customers with products they would be likely to purchase.
Data analysis involves examining large sets of data to identify patterns, trends, and insights that can inform sales and marketing strategies. By analyzing customer data such as purchase history, browsing behavior, demographics, and preferences, companies can gain valuable insights into their customers' preferences and tailor their marketing efforts accordingly.
With the help of data analysis, companies can segment their customer base and create targeted marketing campaigns that are more likely to resonate with specific customer groups. By understanding customers' past purchases and preferences, companies can recommend products that align with their interests and increase the likelihood of making a purchase.
Data analysis also enables companies to track customer behavior in real-time, allowing them to adapt their marketing strategies and offers based on changing trends and customer needs. By continually analyzing and interpreting customer data, companies can refine their sales and marketing approaches, improving customer satisfaction and maximizing sales opportunities.
In conclusion, data analysis is a valuable sales and marketing tool that enables companies to match customers with products they are likely to purchase. By analyzing customer data, companies can gain insights into customer preferences, behavior, and trends, allowing them to create targeted marketing campaigns and personalized product recommendations. This approach enhances customer engagement, improves sales effectiveness, and ultimately leads to greater customer satisfaction and business success.
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Circle the expression(s) equivalent to 42 divided by the sum of 2/3 and 3/4 (2/3+3/4) divided by 42 (42 divided by 2/3) + 3/4 42 divided by (2/3+3/4) 42/ 2/3+3/4
Answers
The expression equivalent to 42 divided by the sum of 2/3 and 3/4 (2/3+3/4) divided by 42 is 23/4.
Expressions that are equivalent do the same thing even when they have distinct appearances. When we enter the same value for the variable, two algebraic expressions that are equivalent have the same value.
The equivalent expressions for the specified algebraic expression are shown by the Equivalent Expression Calculator, a free online application. The computations and simplification are expedited by BYJU's online equivalent expression calculator tool, which also quickly shows the equivalent phrase.
The expression equivalent to 42 divided by the sum of 2/3 and 3/4 (2/3+3/4) divided by 42 is:
42/2/3 + 3/4 = 23/4
Therefore, the expression equivalent to 42 divided by the sum of 2/3 and 3/4 (2/3+3/4) divided by 42 is 23/4.
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political scientist _____ predicts that there will be a world that is split into different civilizations, each of which has its own value systems and ideology
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The political scientist Samuel P. Huntington, who famously predicted in his 1993 book "The Clash of Civilizations and the Remaking of World Order" that the world would be split into distinct civilizations, each with their own cultural and ideological values.
This theory suggests that conflicts between these civilizations would become the primary source of international tension and conflict in the post-Cold War era.
While this idea has been widely debated and criticized, it continues to influence international relations theory and policy today.
The concept of a divided world based on cultural and ideological differences highlights the importance of understanding and respecting different cultures and perspectives in order to promote peace and cooperation on a global scale.
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Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answers
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
How does the circular flow model represent the interactions between households and firms?
Answers
The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for commodities and the market for products and services—is depicted by the circular flow model.
The approach demonstrates how businesses and households can benefit from each other.
What three categories of economic decisions are there?Economic decisions affect the production, trade, distribution, consumption, saving, and investment of economic resources. The objectives of individuals, private organizations, and society at large are served by economic decisions.
Free market, command, and mixed economies are the three primary types. Command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course. All national economic decisions are made by the state's central authority.
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Education is the basic requirement for profession.Explain this statement
Answers
Answer:
The answer is below
Explanation:
Education is considered the basic requirement for the profession because, through education, people get to learn the basic knowledge required to perform a profession.
For example, a medical doctor or physician profession requires education in core biological science subjects such as microbiology, human anatomy, medical rehabilitation, dentistry, etc.
Education gives the professional the knowledge to anticipate, predict, and carry out the right solution to any problem that needs to be solved under his or her profession.
For example, a civil engineer needs education in architectural and engineering drawing to translates the drawing into reality or an actual project.
Education can be regarded as the basic requirement for profession because is gives a room to facilitate learning, or the acquisition of knowledge, skills that is required for that profession.
This is because every profession requires thorough training and basic knowledge which is required to build on for further training.
Therefore, Education can be regarded as the basic requirement for profession.
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What have instant communication and sales made possible? Check all that apply.
Answers
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
3. Of the following provisions that might be found in a bond indenture, which would tend to reduce the coupon interest rate on the bond in question?
a
A subordination clause in a debenture.
b
A call provision.
c
A convertible feature.
d
Having relatively few restrictive covenants.
e.
All of the above.
Answers
The bond in question's coupon interest rate would typically be reduced by a convertible feature.
Define the term "convertible feature"?An asset that can be changed by the shareholder into common stock is known as a convertible, which can be a bond, preference share, or other type of financial instrument. Convertible securities aren't considered to be either debt or equity; rather, they're viewed as a cross between the two groups because they have the cash flow characteristics of both bonds and stocks.
What distinguishes a convertible bond from other bonds?An investment that may be converted into a predetermined number of shares of common stock is known as a convertible bond. It pays fixed-income interest payments. During the bond's term, the bond can be converted into stock at precise points at the bondholder's option.
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Your company purchases a patent for $46,000 to attempt to compete in a usually restricted market. This patent does not have salvage value at the end of its 5-year useful life. You are tasked with computing the depreciation schedule and book value for ti patent using double declining balance with a switch to the straight-line method (if necessary).
Question 7 Part A: Choose the correct formula for the Double-Declining Balance depreciation method.
A. Depreciation = (Initial Cost - Salvage Value)/ (2"N) where N = the useful life of the project
B. Depreciation = (B-1)/N
where N = the useful life of the project
C. Depreciation, (Initial Cost - Salvage Value) / N where N = the useful life of the project
D. Depreciation, B-1"(2/N)
where N = the useful life of the project
Answers
The correct formula for the Double-Declining Balance depreciation method is:
A. Depreciation = (Initial Cost - Salvage Value) / (2 * N), where N = the useful life of the project.
The Double-Declining Balance depreciation method is an accelerated depreciation method that allows for higher depreciation expenses in the early years of an asset's life. The formula for this method takes into account the initial cost of the asset and the salvage value (if any) at the end of its useful life.
In this case, the formula for the Double-Declining Balance depreciation method is (Initial Cost - Salvage Value) / (2 * N), where N represents the useful life of the patent. The initial cost of the patent is $46,000, and since it has no salvage value, the formula simplifies to (Initial Cost) / (2 * N).
Using this formula, you can calculate the annual depreciation expense for each year of the patent's useful life. The depreciation expense will be higher in the earlier years and gradually decrease over time. The book value of the patent can be calculated by subtracting the accumulated depreciation from the initial cost.
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Spending plans are divided into three categories with roughly ______% of the after tax budget going to the category of needs and _____________ % of the after tax budget going to wants, with the rest going to esi.
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Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to esi.
What is spending plans?Spending plans can be defined as the ability to plan how to spend your money by dividing your finance based on want your need and what you want which will inturn can help you to effectively manage your money or finances as well as the way you spend.
Therefore, Spending plans are divided into three categories with roughly 50% of the after tax budget going to the category of needs and 30% of the after tax budget going to wants, with the rest going to esi.
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The dividends received deduction is designed to mitigate the extent to which corporate earnings are subject to more than two levels of taxation.true or false
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The answer is true. The dividends received deduction is meant to the lessen how much company earnings are taxed at more than two different levels.
The highest-grossing corporations' taxable income is subject to a flat tax rate of 35%. An associated group is required to submit a consolidated tax return by the default. The "dividends-received deduction" aims to lower or eliminate the additional tax that the corporations are required to pay when they receive dividends. A corporation will therefore pay less tax on dividends than on capital gains as a result. The deduction often equates to 50% of the payout.
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he government increasing/decreasing its spending and/or increasing/decreasing tax rates would have to do with ________________. *
Answers
Answer:
Fiscal policies
Explanation:
Fiscal policies are the actions of the government of adjusting taxes and expenditure to achieve desired macroeconomics objectives. The government's spending and taxation activities have a great influence on the level of economic activities in the country.
The government has the objective of maintaining stable prices, a low inflation rate, a low unemployment rate, and steady economic growth. Through its various agencies, the government receives data showing the parameters of each of the macroeconomic variables. Depending on the state of the economy, the government adjusts taxes and spending to achieve desired objectives.
can
some one please write flowchart and python code for this problem ?
At one college, the tuition for a full-time student is \( \$ 4,000 \) per semester. It has been announced that the tuition will increase by \( 3 \% \) each year for the next five years. Design a progr
Answers
the Python code and flowchart for the problem you described:
The Python code and flowchart demonstrate a solution to the problem. We initialize the tuition cost to $4000 and the total. cost variable to 0. Using a for loop, we iterate over the next five years. In each iteration, we add the current tuition cost to the total cost variable and increase the tuition by 3% by multiplying it with 0.03. Finally, we display the total cost of tuition for the five-year period. The flowchart provides a visual representation of the program's logical flow, showing the steps involved in calculating the total tuition cost.
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Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.
How much will Gianna earn in interest? What amount will she have at the end of the time period?
Answers
Answer:
You will earn $52.96 in interest
You have $1,052.96 in total.
ford motor co. has separate work units for individual car owners, for businesses, and for agriculture. ford’s organizational structure is based upon
Answers
Ford motor co. has separate work units for individual car owners, businesses, and agriculture. ford’s organizational structure is based upon customer divisions.
Customer divisions simply refer to when activities are grouped based on the customers or clients. In this case, there are different work units for the customers.
The reason for this is to enhance customer relationships and ensure that customers are attended to. It also helps to improve the revenue of the company since there are happier customers.
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where does telephone and printing goes in the trial balance
Answers
Answer:
Printing and Stationery expenses are indirect expenses. Therefore, these expenses are shown in expenses side of profit and loss account, so it will be in credit side of trial balance.
what are product backlog features
Answers
Answer:
New features, bug fixes, improvements, changes to existing features, etc.
Product backlog features are a list of desired functionalities or requirements for a product or project. These features are typically prioritized by the product owner or project manager and are used to guide the development process.
Some common product backlog features include:
- User stories: These are short, simple descriptions of a feature or functionality from the perspective of an end user.
- Bugs: These are defects or issues that need to be resolved in the product.
- Technical tasks: These are tasks related to the technical aspects of the product, such as refactoring code or improving performance.
- Enhancements: These are improvements or additions to existing features.
Product backlog features are typically organized in a way that makes it easy for the development team to understand what needs to be done and in what order. This may include grouping related features together or assigning priorities to each feature. The product backlog is also regularly updated and refined to ensure that it accurately reflects the current needs and goals of the product or project.
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List five different revenue streams below and briefly explain the importance of each.
(Will give brainliest)
Answers
The nature of revenues, their cyclicality and predictability, and, of course, the evaluation and analysis of how to increase or stabilize revenues for the business are all aided by having a working knowledge of revenue streams.
What are the five e-commerce revenue models? Revenue Model for Sales... Model for Advertising Revenue. 3 Model for Revenue from Subscriptions... Model for Revenue from Transaction Fees... Model for Affiliate Revenue.What is revenue and how significant is it?Your company's revenue is the money it receives during a specific accounting period. Because it appears first on your small business's income statement, revenue is also known as the top line. To determine your company's bottom line, you subtract revenue from business expenses.
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Please help with this: "Classify the following laws as
substantive or procedural. Write for a reader who does not know
these concepts. Be informative with your essays.
* The filing of a lien follows a
Answers
The classification of laws as substantive or procedural is based on their nature and purpose within the legal system. To understand this classification, it is important to explain the concepts of substantive and procedural laws.
Substantive laws are the laws that define and govern individuals' rights, duties, and obligations. They establish the rules that determine how individuals should behave and interact with one another. Substantive laws cover a wide range of legal topics, such as criminal law, contract law, property law, and tort law.
On the other hand, procedural laws outline the rules and processes that govern the enforcement of substantive laws. They establish the procedures to be followed in legal proceedings, including the steps for filing lawsuits, presenting evidence, conducting trials, and enforcing judgments. Procedural laws ensure that legal proceedings are fair, consistent, and efficient.
With this understanding, let's analyze the given example: the filing of a lien. A lien is a legal claim or encumbrance on a property that provides security for the payment of a debt or obligation. The act of filing a lien is a procedural requirement that initiates the legal process of securing a creditor's interest in a property. It involves submitting the necessary documents and information to the appropriate authority, such as a government agency or court, to establish the lien on the property.
In this context, the filing of a lien is considered a procedural law because it pertains to the process and steps involved in creating a legal claim on a property. It does not directly define or govern individuals' rights or obligations but rather outlines the procedure for enforcing the substantive rights and obligations related to debt or obligation repayment.
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The Board of Directors of a national Health Care System is considering which electronic health record (EHR) system to use and how to implement the EHR in all of its facilities. As a Health Care IT consultant, the student will work with various team members at the corporate level to gather information and analyze the efficacy, safety/security/legal factors, cost effectiveness, and cost-benefit factors of two possible new systems to help them decide whether or not to implement one of them. The student will also recommend a high-level implementation plan that considers system cutover and change management.
Answers
The student will evaluate two EHR systems, analyze their factors, and recommend an implementation plan to the Board.
As a Medical services IT specialist, the understudy's job includes working with the Governing body and corporate colleagues to assess two potential electronic wellbeing record (EHR) frameworks for a public Medical services Framework.
The understudy's liabilities remember gathering data and directing examinations for the adequacy, wellbeing, security, lawful variables, cost viability, and money saving advantage contemplations of the proposed frameworks.
In light of the examination, the understudy will give suggestions to the Board with respect to the execution of one of the EHR frameworks.
Furthermore, the understudy will foster a significant level execution plan that includes framework cutover and change the executives, guaranteeing a smooth progress and fruitful reception of the picked EHR framework across all offices.
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3 Do you think the conflict of interests between these different stakeholder groups could ever be resolved? Explain your answer. [10]
Answers
Answer:
t is possible to resolve conflicts of interest between groups of stakeholders using some techniques and strategies that seek to integrate stakeholders and promote agreements that benefit everyone.
Explanation:
Managing conflicts is not a simple task, so it requires substantial efforts by the entire administration to develop the best strategies for resolving conflicts. It is essential that there is an understanding of the reasons that led to the conflicts and the search for solutions that benefit the greatest possible number of stakeholders.
In a conflict situation, communication is an essential tool in the resolution, it is necessary to know how to listen to all parties and be transparent about the search for an agreement that benefits everyone. It is necessary to integrate the teams and make each one feel heard and understood with regard to conflict and claims. The search for solutions must be the main objective when resolving a conflict, when managed effectively, it is possible to eliminate the reason for the conflicts and even make the teams more motivated at work.
Why are companies required to perform payroll withholding?
A. To make sure employees are being paid fairly
B. To make sure employees can pay their taxes
C. To help employees save for retirement
D. To help the company pay its share of taxes
Answers
Answer:
its B
Explanation:
TRUST
Which represents the greatest acceleration?
200 m/s
200 cm/s2
0.020 km/s2
0.002 km/s2
Answers
Answer:
(3) 0.020km/s²
Explanation:
The option with greatest acceleration is the one with greatest magnitude.
To do this, we have to analyse each if the given options.
1. 200m/s.
This doesn't represent acceleration because acceleration is not measured in m/s. Rather, this option is a measure of velocity..
2. 200 cm/s²
[Convert to m/s²]
= 200 / 100 m/s²
= 2 m/s²
3. 0.020 km/s²
[Convert to m/s²]
= 0.020 * 1000m/s²
= 20m/s²
4. 0.002 km/s²
[Convert to m/s²]
= 0.002 * 1000 m/s²
= 2m/s²
By comparison options 1 through 4, option (3) has the highest magnitude of acceleration.
Hence, 0.020km/s² is the highest acceleration
What are two things a good investment might do?
Answers
Answer: With a good investment there should be very little chance of losing the total amount invested. Good investment ideas will hold their value or increase in value for a long time. The way any investment product is structured and regulated should offer investors protection.
Explanation:
Good investment must contain
Long term planPast records The fund where you invest must have good past records of benifit.If it has Andy fraud records of misleading money you shouldn't invest thereAlso the growth rate must be measured for long term interest and benifits