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Whitepunk
1 month ago
11

In a company's standard costing system direct labor-hours are used as the base for applying variable manufacturing overhead cost

s. The standard direct labor rate is twice the variable overhead rate. Last period the labor efficiency variance was unfavorable. From this information one can conclude that last period the variable overhead efficiency variance was:
Business
1 answer:
arsen [3.4K]1 month ago
7 0

Answer:

Unfavorable and half the labor efficiency variance.

Explanation:

As described, the variable overhead efficiency variance is deemed favorable when the actual hours worked fall below the standard hours allowed, and unfavorable when they surpass the standard hours allowed for production during that time frame.

Conversely, the variable overhead efficiency variance quantifies the difference between actual hours worked at the standard rate and the standard hours permitted at the standard rate. The standard hours allowed refer to the hours allowed for actual output or production in that period.

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Sanborn company rents space to a tenant for $3,100 per month. the tenant currently owes rent for november and december. the tena
soldi70 [3635]

To adjust for Rent Receivable:

Sanborn Company has a tenant paying $3,100 monthly for renting space. The tenant has outstanding rent for November and December, which results in a total Rent Receivable on December 31 of (3100*2) = $6,200

Consequently, the adjusting entry on December 31 should be recorded as follows:


Rent Receivable Debit $6,200

Rent Revenue Credit $6,200

(Reflecting adjustment for rent receivable)


8 0
2 months ago
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct m
stepan [3596]

Response:

Labor Efficiency Variance: $2,090 Favorable

Clarification:

Based on the information provided, the calculation for labor efficiency variance for July is outlined below:-

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

= $11 × ((0.7 × 3,000) - 1,910)

= $11 × 190

= $2,090 Favorable

Hence, to compute the labor efficiency variance for July, we adhered to the aforementioned formula.

7 0
2 months ago
Select the correct answer.
Katen [3525]

The optimal approach for Karan to take is:

D.

to inform the employees that their emails will be subject to monitoring

Explanation:

Oversight of employees' social media interactions straddles ethical considerations, thus it’s important to establish a best practice that aligns with the organization’s culture.

Workers should be made aware of the monitoring so they comprehend that it will occur.

Subsequently, checks can be conducted randomly or based on perceived trustworthiness.

8 0
1 month ago
cathy's customer base is 2/3 residential and 1/3 business . if she has 350 residential customers, how many total customers does
Free_Kalibri [3773]

Cathy's clientele consists of two-thirds residential customers and one-third business customers, with 350 residential customers in total.

Determine:

The overall number of customers

Solution:

Considering 350 represents two-thirds of the total customers, divide 350 by 2 to get 175, which equals one-third of the customer base.

175 × 3 = 525

<span>Thus, the total customer count is 525.</span>

8 0
3 months ago
The manager of the only bowling alley in town wants to know how often the average person in his town goes bowling. He leaves a q
Katen [3525]

Answer:

In this instance, the survey or questionnaire method utilized by the bowling alley manager can effectively gather data from a reasonably substantial sample size and composition.

Explanation:

  • In the context of statistical data collection, the questionnaire method stands out as one of the most suitable techniques for various research topics. The use of questionnaires can significantly save time, effort, and expenses while reaching the target population for the study, allowing researchers to randomly distribute questionnaire forms to individuals within the target group, thus simplifying the process of obtaining responses.
  • Additionally, this method ensures a relatively large sample size can be covered quickly without excessive costs or resource usage. Therefore, the bowling alley manager can conveniently place a questionnaire at the entrance, encouraging members to complete it at their own pace, easing the practical challenge of approaching each member personally for feedback.
6 0
1 month ago
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