During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished product. Ajax standard labor cost per unit of output is $22 (2 hours x $11.00). Compute the total, price, and quantity labor variances for Ajax Co. For January. Identify whether the variance is favorable or unfavorable?

Answers

Answer 1

Answer:

Std rate per hour: 11.00    

Std hours = 1000*2 =2000    

Actual hours = 1850      

Actual rate = 11.80

   

Labor cost variance = Std cost - Actual cost    

Labor cost variance  = (2000*11) - (1850*11.80)

Labor cost variance = 170 Unfavorable

Labor rate variance = Actual hrs (Std rate - Actual rate)  

Labor rate variance = 1850 *(11-11.80)

Labor rate variance = 1480 Unfavorable

Labor qty variance = Std rate (Std hrs-Actual hrs)  

Labor qty variance = 11 (2000-1850)

Labor qty variance = 1650 Favorable.


Related Questions

Ralph is a purchase manager in a manufacturing business. He is about to buy raw materials to manufacture a new product. To begin, he thinks he must first consider the target market. What can Ralph do to carry out this task?

A. Visit trade shows and network with other producers

B. Refer to trade magazines and begin meeting up with top notch suppliers

C. Produce a small quantity, sell it, and assess the reactions of customers

D. Explore the demographics, such as age and locations, of his potential customers.

Answers

Answer:

d

Explanation:

took it

Answer:

D

Explanation:

correct on plato

what describes initial public offering?

Answers

Answer:

refers to the process of offering shares of a private corporation to the public in a new stock issuance. Public share issuance allows a company to raise capital from public investors.

Explanation:

which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death

Answers

Answer:

30-year decreasing term

Explanation:

Life insurance can be regarded as a form of insurance contract that exist between insurance policy holder as well as an insurer, in this case the insurer pledge some payment of amount of money so that he/she can get premium whenever the insured person dies. It should be noted that a 30-year decreasing term life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insured's death

Explain why the Federal Reserve Bank might be concerned if the economy begins growing too quickly.

Answers

Answer:

To check against high inflation rate

Explanation:

Inflation is the steady increase in the prices of goods and services in the economy per period. Inflation is associated with economic growth. Naturally, as the economy grows, the prices of different products and services tend to increase.

When the economy is growing at a fast rate, the inflation rate tends to increase.  A rise in the inflation rate means prices are increasing at a high rate. When prices are unstable, planning and budgeting become challenging for individuals, firms, and the government. Inflation erodes the strength of a currency, which causes unstable prices and other economic challenges. The Federal Reserve keeps monitoring inflation and applies appropriate monetary policies to regulate economic growth and the inflation rate.

Question 10 of 15 A tax-sheltered annuity is a special tax-favored retirement plan available to ACertain age groups only. BCertain groups depending on factors such as race, gender, and age. CCertain groups of employees only. DAnyone.

Answers

Answer:

C Certain groups of employees only

Explanation:

The tax sheltered annuity is a special tax regarding the retirement plan that available to a specific employees group only that engaged in non-profit, education, other 501c3 organization etc

So according to the given situation, the option C is correct as it fits to the situation

Therefore the other options are wrong

What are some of the benefits using a financial institution like a bank or a credit union

Answers

Answer:

They keep money safe and stable. However, Investing in the stock market is also another option, with the opportunity to make large gains with you money, with more risk of course.

Explanation:

Which group of words bet describes wants?

Answers

Answer:

unlimited, changing, and competing

Explanation:

need help fast!!!!!!!! :(
Compound interest is usually better than simple interest because it pays

A: interest on the principal and the interest earned in each period.
B: interest on the entire principal rather than the interest in each period.
C: more, as it is matched by an employer’s 401k contribution.
D: more often throughout the year rather than once a year.

Answers

Compound interest pays interest on the principal and the interest earned in each period.

Option A. is correct.

Define Compound interest.

Compound interest is a type of interest that pays interest on both the principal or the interest earned over time.

Because compound interest is paid on both the principal or the interest gained in each period, it is frequently preferable to simple interest.

So, option A. is correct.

Find out more information about compound interest here:

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Interest on the principal and the interest earned in each period is the reason of Compound interest is usually better than simple interest. Hence, option A is correct.

What is simple interest?

Simple interest is the simple way of calculating of the interest of the loan or anything. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.

The formula of simple interest is SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period.

Thus, option A is correct.

For more details about Simple interest, click here:

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#SPJ5

Aja receives the following email:
Dear Valued Credit Card Customer,
We have noticed suspicious activity in your account and have placed a security freeze on it. In order to activate it you will need to follow the link below. Please have your card handy and be prepared to verify personal information.
What action should Aja take?

Answers

Answer:

She should not follow the link

Explanation:

Because this is probably not really the credit card company, and they are trying to get personal information out of her.

List three security measures businesses can use to help safeguard information stored in the computer systems

Answers

Answer:

First of all, a company should establish policies that require strong passwords. it is also necessary to establish policies requiring periodic updates. Another strong security measure is to set up a firewall that helps to control data traffic, both incoming and outgoing. Antiviruses are necessary. Private users need them as well as businesses.

What does the phrase high risk = High reward mean when it comes to investing?

Answers

Answer: The phrase “higher risk, higher reward” is used in the general sense to set ratios between riskier stocks and more stable bonds and cash holdings. Investors adjust their risk according to their station in life.

Explanation:

Chyou has heard that gas appliances are cheaper to use and can lower utility costs. She is interested in purchasing a new gas dryer to replace her electric dryer. Assuming that the dryer drys one load per day, use the following chart to determine how much Chyou will save each year in utility costs by purchasing the gas appliance.

Answers

Answer:

Its b 105.85

Explanation:

It just is break it down

Answer:

B.

Explanation:

*ECONOMICS* please help
thank you to whoever answers

Answers

Answer:

I think B

Explanation:

I don't know much about economics, but don't you need to have decent credit to take a loan (borrow) from the bank?

A business chartered by a state that legally operates as a separate entity from the owner(s) is called _____. a. franchise b. sole proprietorship c. partnership d. corporation

Answers

Answer:

D. Corporation

Explanation:

I majored in Business.

Answer:

The answer is D. corporation

Explanation:

I am taking the test but A corporation is a business chartered by a state that legally operates as a separate entity from the owner.

What does gaslighting mean?

Answers

it’s basically manipulate
Basically to manipulate

what are the function of Ware house? ​

Answers

Answer:

see below

Explanation:

Warehouses provide safe storage of goods in large quantities before they can be moved to other locations. Goods are stores in an orderly and systematic manner. Warehouses protect goods against adverse weather and reduce losses due to spoilage.

The major functions of a warehouse are

Storage of goods

Safe storage of goods is the primary function of a warehouse.  Manufacturers use warehouse facilities to store finished goods before they can be distributed for consumption. Warehouses are also used by traders to keep goods as they wait for customers to buy.

Protecting goods

Goods in the warehouse are protected from harsh weather conditions such as heat, dust, moisture, and strong winds. Losses and damages to goods are minimal in a warehouse.

Grading and branding

Some warehouses perform value-added services such as branding and grading of products. They are done as per the manufacturers' specifications

Processing

Warehouse perform processes like breaking bulk where goods are brought in large quantities and are repackaged and sold in smaller quantities.

Health benefits are an example of ____ income.

Labor
rental
interest
non of the above

Answers

Health benefits are an example of interest income.
Interest income . Brainliest plss

Which person has the highest taxable income?
Person A: Earns $50,000 per year with $5,000 in deductions
Person B: Earns $60,000 per year with $10,000 in deductions
Person C: Earns $90,000 per year with $30,000 in deductions
Person D: Earns $100,000 per year with $60,000 in deductions
A. Person B
B. Person D
C. Person A
D. Person C

Answers

Answer:

D. Person C

Explanation:

Taxable income is the difference between the gross pay and all authorized deduction.  

For person A : taxable income = $50,000 - $5000 = $45,000

For Person B: taxable income =$60,000 - $10,000 = $50,000

For Person C: taxable income= $90,000 - $30,000 = $60,000

For Person D: taxable income=$ 100,000 - $60,00= $40,000

Person C has the highest taxable income with $60,000

Answer: person c

Explanation:

a pe x

if your salary is $42,000 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal taxes? assume you have no deductions.

Answers

Answer:

Your taxes are estimated at -$5,925.

Step-By-Step Explanation:

This is 0% of your total income of $42,000. 0% would also be your average tax rate. Your income puts you in the 12% tax bracket. At higher incomes many deductions and many credits are phased out. This increases your tax bill and your marginal tax rate. With these phase outs, adding $1,000 to your income would result in a -15% marginal tax rate.

explain neck/ back pain and ways to help.

Answers

Answer:

Apply ice for the first few days.

Take OTC pain relievers, like ibuprofen

Take a few days off from sports, activities that aggravate your symptoms, and heavy lifting.

Use good posture.

Explanation:

Use a back brace or pain patches that can help and I feel like neck and back pain happens when u put too much stress in those areas which can cause the pain you are feeling

An example of a special endorsement is...

A. "For Deposit Only" followed by your signature

B. "Pay to the Order of John Smith" followed by your signature

C. "Transfer to Savings" followed by your signature

D. Signing your name as written on the "Payee" line​

Answers

Answer:

B. "Pay to the Order of John Smith" followed by your signature

Explanation:

In a special endorsement, the payee authorizes payment to be made to another party. The payee is the person whose name appears on the front of the check is drawn to their favor. A special endorsement is when the payee instructs the check to be paid to someone else.

In the special endorsement, the payee writes at the back of the check," pay to the order of'': and writes the name of the person to receive the money and signs.

Publicity is part of a company's
ООО
product mix.
promotion mix.
sales promotion.
advertising mix.

Answers

Answer:

Promotion mix.

Explanation:

A promotional mix is a blend of different marketing approaches that a business uses to reach out to many and diverse customers. Using the right variety of marketing activities ensures the achieve its targets of creating awareness and maximizing sales.

Marketers select a promotional mix that assists a business stand out from its competitors and drive sales. The components of a promotions mix consist of advertising, direct selling, sales, promotion, Public relations, and many others.

In some counties, certain funds are collected and then distributed to be used only for the exclusive purpose of deterring, investigating, and prosecuting real estate fraud crimes. This fund is the:

Answers

Answer:

The appropriate response is "Real Estate Fraud Prosecution Trust Fund."

Explanation:

This may have been managed to generate to allocate solely devoted funds just for something like the prosecutors of immovable identity theft throughout San Francisco. The investments shall be allocated either by County Chief Executive Assistant, as ascertained either by Fund economy, to defense attorneys as well as police departments for the goal of examining, adjudicating immovable fraud offenses.

What can Lena do to avoid the risk of having short supplies in times of need?

Lena works in an artificial jewelry-manufacturing unit. It is a family run business and they have been depending on a single supplier for years. As Lena is a proactive person, she can avoid the risk of being in short supplies of raw material by keeping a (blank) supplier for every one main supplier.

Answers

Answer:

backup

Explanation:

The correct answer is "Backup"

Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.

Answers

Answer: See explanation

Explanation:

Here is the complete question:

Nowlin Pipe & Steel has projected sales of 9,800 pipes this year, an ordering cost of $6 per order, and carrying costs of $1.50 per pipe.

a. What is the economic ordering quantity?

b. How many orders will be placed during the year?

c. What will the average inventory be?

a. Annual Demand = 9800 pipes

Cost per order = $6

Carrying cost per unit = $1.5

EOQ = ✓[(2 x Annual demand x cost per order)/carrying cost per order]

= ✓2 × 9800 × 6/1.5

= ✓78400

= 280 units

b. Number of orders orders placed would be:

= 9800/280

= 25 orders

c. Average inventory would be calculated as:

= 280/2

= 140 units

All funds entrusted to a licensee on behalf of another party in the practice of real estate are by definition ______.

Answers

Answer:

Trust funds.

Explanation:

An agency can be defined as a mutual relationship existing between two parties, wherein a principal authorizes the agent to act as the principal's representative or on his behalf (fiduciary role) in dealing with third parties.

All funds entrusted to a licensee on behalf of another party in the practice of real estate are by definition known as trust funds.

This ultimately implies that, the legal entity or real estate agent (trustee or licensee) would, d be held responsible for the losses, legal claims and damages incurred by the owner of the property (beneficiary), whether or not the agent's actions were authorized or unauthorized by the principal.

Hence, a trustee is liable for acts or contracts entered into by an agent when he or she gives an agent either actual authority (power of attorney) or apparent authority.

You have a client whose business uses accrual-basis invoicing and accounts receivable workflow. They use the Banking screen to enter a deposit for a payment check, which they post manually to an income account. What problems will this cause?

Answers

Answer:

The amount of trade receivables is completely inaccurate. Another such explanation is provided below.

Explanation:

Transactions were mostly automatically transferred to purchase orders unless the alternative of automatically determine disbursements would be allowed to select throughout the classification of transaction. Whenever a financial institution screen was being used to transcribe the client's compensation, the deferred revenue balancing act would then demonstrate an inaccurate equilibrium but mostly generate a duplicate earnings entry throughout the accrual basis.

The purpose of this category of interview questions is to learn about the interviewee’s personal attributes.
a.
General information questions
b.
Behavioral questions
c.
Character questions
d.
Stress questions

Answers

The correct statement will be that the purpose of the behavioral questions is that it helps to learn about the interviewee's personal attributes. So, the correct option is B.

Behavioral questions are an essential part of the interview as it tells about the interviewee's knowledge other than his educational and qualification skills applicable in the real world.

Behavioral questions are a set of questions asked by an interviewer to the interviewee in the rounds of interviews that follow. Such questions tell so much about the interviewee as it denotes their personal attributes.

Such questions help to determine the intelligence, presence of mind, practical behavior in a situation and an ideal set of practices followed by such person applicable to the work environment.

Behavioral questions also tell so much about how the person readily accepts a mistake committed and the steps they took in such a situation to rectify the mistakes.

Hence, the correct statement is B that the Behavioral questions' purpose in an interview is to tell about the interviewee's personal attributes already faced by such person.

To know more about behavioral questions, click the link below.

https://brainly.com/question/10125043

Answer:

B

Explanation:

Behavioral questions    

Hi can you please answer this question for me?
___________________________ is the interest that the bank pays you on the principal plus on the interest that you earned the preceding year

simple intrest
compound interest
complex interest

Answers

Answer:

compound interest

Explanation:

Compounding interest refers to the action of adding the interest earned in a period to the principal amount. This action increases the principal amount invested. In compound interest, both the principal amount and the interest earned increases every financial year.

Compound interest contrasts with simple interest, which is the interest earned on the principal amount only. Whereas compound interest amount increases every year, simple interest remains constant throughout the life of the investment.

Answer:

Compound Interest

Explanation:

The situation that allows the broker to appoint one or more agents for the client within the same firm, is called

Answers

Answer:

Designated agency.

Explanation:

These form of professionals are seen to be run professional duties in several contracting agencies where they are assigned to. This can be seen in real estate, marketing firms, culinery agencies etc. But the above case discuss about brokers. And here this contracting firm is seen to a certain number of workers to a particular firm. In many cases, these agencies do these in a bid to circumvent the conflict of interest inherent in dual agency.

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