Smithson, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.4 hour per glass, at a cost of $18 per hour. The actual results for one month's production of 6,900 glasses were 0

Answers

Answer 1

The direct labor efficiency variance for the month is -$21,817.60, indicating an unfavorable variance.

To calculate the direct labor efficiency variance, we need to compare the standard hours allowed for the actual output with the actual hours worked and then multiply the difference by the standard labor rate.

Standard labor hours allowed = Standard direct labor time per glass × Actual output

Standard labor hours allowed = 0.6 hours/glass × 6,818 glasses = 4,090.8 hours

Actual labor hours worked = Actual labor time per glass × Actual output

Actual labor hours worked = 0.8 hours/glass × 6,818 glasses = 5,454.4 hours

Direct labor efficiency variance = (Standard labor hours allowed - Actual labor hours worked) × Standard labor rate

Direct labor efficiency variance = (4,090.8 hours - 5,454.4 hours) × $16/hour

Direct labor efficiency variance = -1,363.6 hours × $16/hour

Direct labor efficiency variance = -$21,817.60

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The question is -

Goldman, Inc. manufactures lead crystal glasses. The standard direct labor time is 0.6 hours per glass, at a cost of $16 per hour. The actual results for one month's production of 6,818 glasses were 0.8 hours per glass, at a cost of $13 per hour.

Calculate the direct labor efficiency variance for the month.


Related Questions

Now that Rory understands how comprehensive income is, he is wondering if he needs to record the $500 scholarship he was awarded from his local community to help pay his college tuition. If so, in which category of income should it be recorded: earned income, unearned income, or received income from government programs

Answers

Whether or not Rory needs to record the $500 For more questions on Scholarship he was awarded for college tuition will depend on whether it is considered taxable income or not.

In general, scholarships and grants used for Assuming that the scholarship money is tax-free,  education expenses such as tuition and books are tax-free.

However, if the scholarship money is used for non-qualified expenses such as room and board, it may be taxable.

Assuming that the scholarship money is tax-free, Rory does not need to record it as income. It is not considered earned income, unearned income, or income received from government programs.

However, if any portion of the scholarship money is taxable, Rory would need to record it as income in the appropriate category depending on how it is classified.

If it is earned through work, it would be recorded as earned income. If it is awarded without any work required, it would be recorded as unearned income.

If it is received through a government program, it would be recorded as income received from government programs.

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Whether job/career changes occur because of automation, pandemic, political turmoil, global competition, or other technology innovations, what specific and/or general job skills do you think will be most transferrable? Why?

Answers

Possessing a combination of these transferrable skills equips individuals with the ability to adapt to various job/career changes and thrive in a rapidly evolving professional landscape. In a rapidly changing job market, there are several job skills that are likely to be transferrable across various industries, regardless of the factors driving job/career changes such as automation, pandemics, political turmoil, global competition, or other technology innovations. These skills are essential for adaptability and lifelong learning.

1. Critical thinking and problem-solving: These skills involve analyzing information, identifying patterns, and finding creative solutions to complex problems. Critical thinking allows individuals to adapt to new challenges and make informed decisions.

2. Communication and collaboration: Effective communication and collaboration skills are crucial in any work environment. Being able to express ideas clearly, actively listen, and work well with others is essential for teamwork and successful outcomes.

3. Digital literacy: With the rapid advancement of technology, digital literacy has become a vital skill. This includes proficiency in using various digital tools, navigating online platforms, and understanding data analysis.

4. Adaptability and resilience: The ability to adapt to new situations and bounce back from setbacks is highly valued. Employers seek individuals who can embrace change, learn new skills quickly, and navigate uncertain circumstances.

5. Creativity and innovation: In a constantly evolving job market, creativity and innovation are highly sought-after skills. The ability to think outside the box, generate new ideas, and find innovative solutions is crucial for staying competitive.

It is important to note that while these skills are generally transferrable, the specific skills needed may vary depending on the industry and the specific job requirements. Additionally, it is crucial for individuals to continuously update their skills and stay abreast of emerging trends to remain competitive in the job market.

Therefore, possessing a combination of these transferrable skills equips individuals with the ability to adapt to various job/career changes and thrive in a rapidly evolving professional landscape.

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Which of the following statements about the relationship between the financial market and the
economy is TRUE?
A. The financial market helps the economy grow.
B. The financial market only benefits companies in the economy.
C. The goods and services market influences the economy more
than the financial market.
D. There is no relation between the financial market and the
economy

Answers

Answer:

C

Explanation:

that makes sense more shdjdjjd

A project has annual cash flows of $3,000 for the next 10 years and then $10,500 each year for the following 10 years. The IRR of this 20-year project is 12.1%. If the firm's WACC is 12%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

Answers

Calculation of NPV- NPV stands for Net Present Value. It is used in capital budgeting to analyze the profitability of an investment.

The formula for calculating NPV of an investment is as follows;NPV = Σ (Net Cash Flow / (1+ i) t) - Initial investment

Where;Σ= represents sum of all years.i= represents the discount rate.t= represents time of the cash flow.

Given that the cash flows of a project for the next 10 years are $3,000 and $10,500 for the following 10 years.The Internal Rate of Return (IRR) for the project is 12.1%.The WACC for the firm is 12%.NPV of the project can be calculated using the formula for NPV. We need to calculate the cash flow of each year of the project.

Annual cash flows for the first 10 years will remain constant i.e. $3,000 per year. Annual cash flows for the next 10 years will also remain constant i.e. $10,500 per year.The discount rate (i) is 12%.NPV can be calculated as follows;NPV = Σ (Net Cash Flow / (1+ i) t) - Initial investmentNPV = $72,500 - $50,000 = $22,500The project's NPV is $22,500.Main AnswerThe NPV of the project is $22,500.

The project is considered to be profitable as the NPV is positive. When the NPV is positive, it means that the present value of the expected cash inflows from the project is more than the present value of the expected cash outflows. It is suggested that the company should invest in this project as it will generate profits. The IRR is more than the WACC of the firm which is 12% which also suggests that this project will give a return which is higher than the cost of capital of the firm.

NPV is a capital budgeting technique that is used to analyze the profitability of a project. It is used to measure the present value of expected cash inflows from the project and compares it with the present value of expected cash outflows from the project. If the NPV of a project is positive, it means that the expected cash inflows are more than the expected cash outflows. If the NPV of a project is negative, it means that the expected cash outflows are more than the expected cash inflows.The formula for calculating NPV of a project is NPV = Σ (Net Cash Flow / (1+ i) t) - Initial investment. The discount rate is represented by i, while t represents the time of the cash flow. The formula is used to calculate the present value of the expected cash inflows and outflows of the project.

A positive NPV means that the present value of the expected cash inflows is more than the present value of the expected cash outflows. A negative NPV means that the present value of the expected cash outflows is more than the present value of the expected cash inflows.

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Click this link to view O'NET's Work Activities section for Construction Managers. Note that common activities are
listed toward the top, and less common activities are listed toward the bottom. According to O*NET, what are
common work activities performed by Construction Managers? Check all that apply.
using muscles to lift, push, pull, or carry objects
communicating with supervisors, peers, or subordinates
using speed of limb movement to move arms and legs
scheduling work and activities
exerting oneself physically over long periods of time
making decisions and solving problems

Answers

Answer:

B,D,F

Explanation:

Answer:

ok bdf is correct

Explanation:

What is the difference between a total and a subtotal?

Answers

Explanation:

SUB-TOTAL:

The total for a part of a list of numbers being summed.

TOTAL:

An amount obtained by addition of smaller amounts.

Answer:

subtotal is all the different parts being added together from different list.

total is the all items being added together plus tax.

Explanation:

in the short run, which of the following is the most likely effect of an unanticipated move to a more expansionary monetary policy?

Answers

In the short run, the most likely effect of an unanticipated move to a more expansionary monetary policy is that there will be an increase in aggregate demand. An expansionary monetary policy is an economic tool used by a country’s central bank to increase the money supply

This policy is often implemented to stimulate economic growth and counteract recession.In the short run, an expansionary monetary policy will likely increase aggregate demand because it makes it cheaper for individuals and firms to borrow money, thereby increasing spending. Lower interest rates mean people and businesses can borrow more money with the same amount of income, which is then spent in the economy, increasing the aggregate demand.

As a result, output, and employment will increase in the short run. The increase in aggregate demand, due to expansionary monetary policy, will have a positive impact on GDP and create economic growth. However, in the long run, this increase in demand may lead to inflation, as the increased demand will put upward pressure on prices.

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a local high school recently won the girls volleyball championships and has been rewarded with $5,000 to purchase merchandise for the team. the coach is trying to surprise the players with the merchandise, so instead of asking them what sizes they want, he will attempt to figure out how many items of each size need to be ordered based on the information from the volleyball program. the following information is stored in the program for each player: name age grade height weight jersey number position what would be the best way for the coach to use this information in order to order sizes that work for the majority of the team?

Answers

The best way for the coach to order sizes that work for the majority of the team would be to use the players' height and weight information to determine appropriate sizes for the merchandise.

The coach may determine the proper sizes for the apparel by using the volleyball programme's data on the players' height and weight. The coach may decide on the sizes to order that would probably suit the majority of the squad by analysing the data and determining the most typical height and weight ranges among the players.

Additionally, it could be beneficial to think about obtaining a variety of sizes to account for player variances. To guarantee a well-informed choice on the product's size, the coach might also speak with the team's equipment manager or solicit comments from assistant coaches.

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most enjoyable aspects of a fashion stylist ?

Answers

Answer:
creative, artistic, ambitious, passionate

Explanation:

b) José Luis trabajo 7 meses del año. ¿Qué porcentaje del año trabajo?

c) Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas. ¿Qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto?

d) El costo de una camisa es $400 y tiene un descuento del 20%. ¿Cuál es el precio de la camisa con el descuento?​

Answers

Answer:

B) 58.3%.

C) 87.5% y 12.5%.

D) $320.

Explanation:

B) Dado que José Luis trabajó 7 meses del año, para determinar qué porcentaje del año trabajó se debe realizar el siguiente cálculo:

12 = 100

7 = X

7 x 100 / 12 = X

700 / 12 = X

58.3 = X

Por lo tanto, José Luis trabajó 58.3% del año.

C) Dado que Lucero presentó un examen en el que 35 preguntas fueron correctas y 5 incorrectas, para qué porcentaje de las preguntas contesto correctamente y qué porcentaje fue incorrecto se debe realizar el siguiente cálculo:

40 = 100

35 = X

35 x 100 / 40 = X

3500 / 40 = X

87.50 = X

Por lo tanto, Lucero contesto un 87.5% de preguntas correctamente, y un 12.5% incorrectamente.

D) Dado que el costo de una camisa es $400 y tiene un descuento del 20%, para determinar cuál es el precio de la camisa con el descuento se debe realizar el siguiente cálculo:

1 - 0.2 = ​0.8

400 x 0.8 = 320

Por lo tanto, el costo de la camisa fue $320.

A derivative security's payoff is based on Multiple choice question. its own productive capacity its selling price other assets prices

Answers

A derivative security's payoff is based on other assets prices.

Derivative security

A derivative security is a financial instrument whose payoff is based on the value of another asset. Types of derivatives are futures, forwards, options, and swaps.

Also convertible bond is a derivative security because its value depends on the value of the underlying stock. A futures contract is a contract that trades on a regulated exchange.

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Sports and entertainment products are non-perishable.

Answers

No that is false. Because sports and entertainment usually are short lived while they are being performed they are considered perishable.

What are some of the factors that would influence your insurance costs foolproof?

Answers

Factors that would influence your insurance costs are:

Age or driving history. Younger and less experienced drivers are more likely to get in car accidents, hence their insurance costs are often higher.Your car's make and model.history of accidents and driving.Geographic location.

Why is insurance important? What is insurance?An effective way to guard against financial loss is insurance. It is a method of risk management that is primarily employed to protect against the risk of a potential loss. An organization that offers insurance is referred to as an underwriter, insurer, insurance business, or insurance carrier.Plans for insurance will assist you in paying for future medical care, hospitalization, contracting any illnesses, and treatment. Insurance policies can help to offset the family's financial loss caused by the untimely demise of the family's primary source of income.

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The expected monetary value (EMV) criterion is the decision-making approach used with the decision environment of:

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Expected Monetary Value (EMV) is the decision-making criterion used in the decision-making environment of risk and uncertainty. The EMV method employs the principle of probability and expected value analysis to determine the optimal decision.

It assumes that an objective probability distribution of potential events exists and that the outcomes of decisions can be predicted in terms of economic gains or losses. EMV employs an approach that assumes that the monetary value of each possible decision outcome can be predicted in terms of expected value.

In other words, EMV is the calculated sum of all potential profits, weighted by their respective probabilities of occurrence. It considers all possible outcomes, takes into account the probability of each outcome, and determines the monetary value of each possible outcome.

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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?

Answers

All of the following, with the exception of conditions, are required.

Describe insurance.

One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.

An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.

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Insurance

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which type of inquiry (hard or soft) may occur when renting an apartment or opening a checking or brokerage account? question 3 options: hard. soft. both hard and soft. neither hard nor soft

Answers

C: 'both hard and soft' types of credit inquiry may occur when renting an apartment or opening a checking or brokerage account.

Both hard and soft types of inquiry pull the same financial data but for different purposes. A hard inquiry is typically done when you apply for a credit card or loan; in contrast a soft inquiry is conducted to serve the purposes, such as pre-screening for credit card offers. Thus, in the context of the given question where the scenarios such as renting a house or opening a checking or brokerage account are given, both hard and soft types of inquiry may occur.

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Factory costs such as cleaning supplies, taxes, insurance, and janitor wages are classified as ______.

Answers

Expenses or liabilities

You have decided to pursue a career in nursing. You are willing to relocate based on salary differences. The states you are willing to relocate to have the following average hourly wages: NY = $33.55, MA = $33.37, CA = $31.54, and FL $24.58. What is the mean salary for these options?

You have decided to pursue a career in nursing. You are willing to relocate based on salary differences.

Answers

Your answer :

The mean of salary for these options is $30.76\

hope I helped. :)

select the correct answer. which of the following crops is grown at lower elevations? a. wheat b. coffee c. apples d. bananas

Answers

The correct answer is d. bananas. Bananas are typically grown in tropical regions with low elevations and warm climates. They require a lot of water and humidity, which is why they thrive in areas with consistent rainfall and high temperatures.

On the other hand, wheat is a staple crop in many parts of the world and is grown in a variety of climates and elevations. It can be grown in temperate regions with cooler temperatures and higher elevations, as well as in low-lying areas with warmer temperatures. Coffee is also a crop that requires a specific climate and altitude to grow. It is typically grown in regions with higher elevations and cooler temperatures, such as mountainous areas. Finally, apples are another crop that can be grown in a range of climates and elevations. They are commonly grown in temperate regions with moderate temperatures and are able to tolerate colder temperatures than many other fruit trees. In conclusion, of the options provided, bananas are the crop that is typically grown at lower elevations.

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Answer:

bananas

Explanation:

The epicurean society is holding its annual election for president. The three candidates are​ a, b, and
c. Twenty percent of the voters like upper c the most and upper a the least. Forty percent of the voters like upper a the most and upper c the least. Of the remaining 232 prefer upper b to upper c and upper c to upper a​, and 696 prefer upper b to upper a and upper a to upper
c. Write out the preference schedule for this election.

Answers

Answer and Explanation:

Please find answer and explanation attached

The epicurean society is holding its annual election for president. The three candidates are a, b, andc.

The sarbanes oxley act blank______. multiple choice question. is all it takes to create an ethical culture in an organization

Answers

The Sarbanes-Oxley Act does not guarantee the creation of an ethical culture in an organization.

The Sarbanes-Oxley Act (SOX) is a legislation enacted in the United States to improve corporate governance, financial transparency, and accountability in public companies. While SOX has significantly enhanced corporate governance practices and imposed stricter regulations on financial reporting, it is not the sole determinant of an ethical culture in an organization. Ethical culture encompasses a broader set of factors, including leadership commitment to ethics, ethical decision-making processes, organizational values, and the behavior of individuals within the organization. Building an ethical culture requires ongoing efforts such as ethical training programs, effective communication of ethical expectations, and fostering a supportive environment for ethical behavior. SOX can be an important tool in promoting ethical practices, but it is not the sole solution for creating an ethical culture in an organization.

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Which one of the following is not a recognized form of business?

B Corp
Cooperative
S Corp
T Corp

Answers

Option (d), T Corp is not a legally recognized type of corporation.

T Corp: What is it?

To local governments in New South Wales that are judged to be financially secure, TCorp offers long-term, competitively priced infrastructure loans in conformity with credit conditions. Learn more.

New South Wales Treasury Corporation is the primary source of funding for the state of New South Wales's public sector (TCorp). Its major objective is to provide financial services to the government of New South Wales as well as other public agencies and companies.

The option that comes next is not a category of company organization.

The primary kind of business structure is not limited unregistered businesses. This type of business formation does not exist. All legal forms of business entities, including corporations, partnerships, and sole proprietorships, are acceptable.

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What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.

Answers

Answer:

I think D is correct answer

The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.

The information related to the profit is as follows:

It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.

Therefore all the other options are incorrect.

Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.

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If the approximate market value for of a $1,000 corporate bond is $1,200 and it pays 6 percent interest, then what are comparable bonds paying?

Answers

The comparable bonds pay a 5% interest rate when the approximate market value of a $1,000 corporate bond is $1,200 and it pays 6 percent interest.

What are bonds?

A bond is a type of financial security in which the issuer owes the holder debt and is obligated depending on the terms to repay the principal of the bond as well as interest over a specified period of time.

Given that,

Approximate market value of $1,000 is $1,200

Interest rate is 6%

\(\rm\,Annual \; Interest = (face \; value)\times Interest \; rate\\ \rm\,Annual \;Interest = 1,000 \times 6\%\\ \rm\,Annual \;Interest = 60\\\\Calculation of comparable bond interest rate:\\\\Approximate \;bond \;value = \frac{Annual\; interest}{Comparable \;interest\; rate} \\\\1200 =\frac{60}{Comparable\; Interest \;Rate} \\\\Comparable\; Interest\; Rate = 5\%\)

Hence, the comparable bonds pay a 5% interest rate.

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what effect will a low economic growth have on the country

Answers

Answer:

it can lead to national poverty and economy crisis

Capital budgeting Is concerned with making and managing expenditures on _____.a)current assetsb)long-term assetsc)current liabilitiesd)long-term liabilities

Answers

Capital budgeting is concerned with making and managing expenditures on long-term assets.

What is capital budgeting?

A firm must decide which long-term assets to invest in throughout the capital budgeting process.  It entails distributing available cash among potential investment targets, and the act of planning and controlling investments in durable property. Investment assessment is another name for the capital budgeting process. Long-term investments called capital investments are those in which the assets have multiple-year useful lives.

The construction of a new production facility and the purchase of machinery and equipment are two examples of capital investments. Risk analysis helps the investor make an informed investment decision by supplying a measure of the variance associated with an estimated return on investment. The probabilistic approach is not a replacement for the deterministic approach, but rather a tool that improves its outcomes.

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Question 1
Which of the following goods is both rival and excludable?
A city park
A ballpoint pen
A movie in an empty cinema
O A fish in the ocean
O All of these

Answers

A ballpoint pen or city park:)

The following goods are both rival and excludable.

A city parkA ballpoint pen

What is an example of a good that is both excludable and rival?

Whilst a great is each excludable and rival in consumption, it is referred to as a personal proper. Wheat is an example of a private precise. it's far excludable: the farmer can sell a bushel to 1 client without having to provide wheat to all and sundry in the county.

Is a good both non-rival and non-excludable?

The 2 foremost criteria that distinguish a public properly are that it needs to be non-rivalrous and non-excludable. The non-rivalrous way that the goods do now not dwindle in supply as greater human beings consume them; non-excludability approach that the best is available to all residents.

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describe the relationship between inflation levels in prices and inflation levels for prices, wages and interest rates with respect to their ability to affect people's economic status and business outcomes.

Answers

The crucial distinction between anticipated inflation and unforeseen inflation is typically made in economics textbooks.

When inflation is expected, transactions can be agreed upon while taking into consideration potential price increases in the future. In this instance, the precise level of inflation has no impact on production levels, employment levels, or the total amount of goods and services produced

The nominal interest rate the rate at which money is borrowed or lent before taking inflation into account increases along with inflation. By making this adjustment, the overall (or real) interest rate is kept constant while accounting for the additional price growth. The nominal rate of interest minus the inflation rate is the simplest way to get the real rate of interest.

This concept, known as the "classical dichotomy" in economics, serves as a theoretical guideline that identifies the circumstances in which inflation won't have an impact on the real economy in terms of things like production and employment.

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Why is Netflix's stocks going down?

Answers

Answer:

Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.

Explanation:

Hope this helpes.

At Delta Corp. the manufacturing and design department frequently consults with the research and development department and the marketing and sales department regularly interacts with the manufacturing and design department. This scenario illustrates _____ at Delta.

Answers

At Delta Corp. the manufacturing and design department frequently consults with the research and development department and the marketing and sales department regularly interacts with the manufacturing and design department. This scenario illustrates coordination at Delta.

Why coordination is important function of management?

The role of management in coordination is to make sure that various groups and departments operate in unison. As a result, all of the departments, groups, and employees act in unison. Additionally, it promotes harmony in the execution of various tasks and activities to effectively meet the organization's goals.

What is the importance of coordinating with other departments?

Since coordination combines the organization's material and human resources, it helps to prevent employees from working on unrelated projects at the same time. Because there is less resource wastage, the company can use its resources more effectively.

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