StuckinMyHouse book company is a boutique shop that produces a small selection of adult coloring books. The first quarter 2020 Master Budget was based on selling 1,200 units, with a direct labor cost of $3,600. The company experienced an unexpected surge in purchases, actually selling 2,300 coloring books. It spent $6,640 on direct labor. The one employee earned $10 per hour, as expected.
How much is the rate variance (aka efficiency variance) for direct labor?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “StuckinMyHouse book company is a boutique shop that produces a small selection of adult coloring books. The first quarter 2020 Master ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The term risk, when applied to borrowers, specifically refers to
Answers (1)
Which of the following is a disadvantage of assembly lines A) workers perform specialized tasks B) it takes fewer hours to produce products C) it is inefficient for producing small batches D) it moves the product along a conveyor belt pass a number
Answers (2)
Three years ago, sharon loaned her sister $30,000 to buy a car. a note was issued for the loan with the provision for monthly payments of principal and interest. last year, sharon purchased a car from the same dealer, hank's auto.
Answers (1)
Terry is annoyed because his laptop keeps going to sleep while he's texting on his phone or when he runs to get a snack. You explain to him that the power settings on his laptop need to be adjusted. Terry asks you to fix the problem for him.
Answers (1)
Which of the following is a true statement? Question 9 options: when making decisions about saving and borrowing, people care about the nominal interest rate Profit-maximizing firms will borrow to fund an investment if and only if the expected
Answers (1)
New Questions in Business
Under what scenarios could a foodservice operation achieve excellent food and beverage cost percentages, yet incur excessively high labor costs?
Answers (1)
Stuart Weddle's father is 55 years old and wants to set up a cash flow stream that would be forever. He would like to receive $15,000 every year, beginning at the end of this year.
Answers (2)
A year ago, you deposited $30,000 into a retirement savings account at a fixed rate of 5.5 percent. Today, you could earn a fixed rate of 6.5 percent on a similar type account. However, your rate is fixed and cannot be adjusted.
Answers (1)
When banks spend (or loan) money, the money supply increases and when interest / loan payments are received, the money supply declines ... True false
Answers (1)
On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements.
Answers (1)