Business, 04.12.2019 05:31 Idontknow708
Basix inc. calculates direct manufacturing labor variances and has the following information: actual hours worked: 200 standard hours: 250 actual rates per hour: $ 12 standard rate per hour: $ 10 given the information above, which of the following is correct regarding direct manufacturing labor variances?
a. the price and efficiency variances are favorable.
b. the price and efficiency variances are unfavorable.
c. the price variance is favorable, while the efficiency variance is unfavorable.
d. the price variance is unfavorable, while the efficiency variance is favorable.
Answers: 1
Business, 21.06.2019 16:10
Visburg concrete company pours concrete slabs for single-family dwellings. lancing construction company, which operates outside visburg's normal sales territory, asks visburg to pour 40 slabs for lancing's new development of homes. visburg has the capacity to build 300 slabs and is presently working on 250 of them. lancing is willing to pay only $3, 300 per slab. visburg estimates the cost of a typical job to include unit-level materials, $1, 440: unit-level labor, $720: and an allocated portion of facility-level overhead, $1, 200. required calculate the contribution to profit from the special order. should visburg accept or reject the special order to pour 40 slabs for $3, 300 each?
Answers: 2
Business, 22.06.2019 13:30
On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
Answers: 3
Basix inc. calculates direct manufacturing labor variances and has the following information: actua...
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