Actual direct materials used 27,000 lbs. at $4.75 per lb. actual direct labor used 8,600 hours for a total of $172,860actual units produced 51,000budgeted standards for each unit produced are 0.50 pounds of direct material at $4.70 per pound and 10 minutes of direct labor at $21.00 per hour. aq = actual quantitysq = standard quantityap = actual pricesp = standard priceah = actual hourssh = standard hoursar = actual ratesr = standard rate(1) compute the direct materials price and quantity variances.(2) compute the direct labor rate and efficiency variances. indicate whether each variance is favorable or unfavorable.
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Business, 21.06.2019 18:20, ayeelol1447
The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will
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Business, 21.06.2019 19:50, kennrecklezz
Which of the following best explains why treasury bonds have an effect on the size of the money supply? a. the amount of treasury bonds in circulation affects both unemployment and inflation. b. the government can spend more money and charge lower taxes by using treasury bonds. c. the federal reserve bank can buy and sell these bonds to raise or lower bank deposits. d. the interest paid on treasury bonds influences the interest rates charged by private banks. 2b2t
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Actual direct materials used 27,000 lbs. at $4.75 per lb. actual direct labor used 8,600 hours for a...
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