Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 04, 2024

7.) Standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. Actual cost per labor hour is $7.5 and actual

image text in transcribed

7.) Standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. Actual cost per labor hour is $7.5 and actual labour hour per unit is 0.7 hours. What is the standard labor cost per output unit? A $4.8 B.$5.6 C $4.5 D $5.25

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Crossover Of Audit And Evaluation Practices Comparative Policy Evaluation

Authors: Maria Barrados, Jeremy Lonsdale

1st Edition

1032173874, 978-1032173870

More Books

Students also viewed these Accounting questions

Question

★★★★★

Explain how portfolio diversification can reduce risk.

Answered: 1 week ago

Question

★★★★★

(b) What is the least frequent score?

Answered: 1 week ago

Question

★★★★★

Consider two machines, both of which have an exponential lifetime with mean 1/. There is a single repairman that can service machines at an exponential rate . Set up the Kolmogorov backward...

Answered: 1 week ago

Question

★★★★★

Many institutions have fixed future liabilities to meet (such as pension payments) and they fund these future liabilities using default-free fixed income securities. When discount bonds of all...

Answered: 1 week ago

Question

★★★★★

Selected accounts with amounts omitted are as follows: Work in Process Aug. 1 Balance 258,320 Aug. 31 Goods finished 197,870 31 Direct materials X 31 Direct labor 33,900 31 Factory overhead Factory...

Answered: 1 week ago

Question

★★★★★

George has been working in "The Company" for 10 years. He was recently fired while his performance did not fluctuate. 1) Based on the legal system of the country you research, explain what chances...

Answered: 1 week ago

Question

★★★★★

The Covid-19 pandemic has forced many countries to partially shutdown their economies to prevent the spread of the virus. In response, many governments including Barbados have embarked on...

Answered: 1 week ago

Question

★★★★★

Total cash available $64.000 Less cash disbursements For inventory $47,850 For expenses 13,300 For equipment 1,500 Total cash disbursements 62,650 Excess (deficiency) of cash $1,350 Financing: Etc....

Answered: 1 week ago

Question

★★★★★

Review the annual reports of PepsiCo and Amazon, two of the largest publicly traded firms in America. Compute and compare the accounts receivable turnover ratios and the average collection period in...

Answered: 1 week ago

Question

★★★★★

a) Explain how changes in the film industry led to blockbuster movies becoming more limited creatively and oriented to making money [worth 5 marks] b) Then explain how changes in industry practices...

Answered: 1 week ago

Question

★★★★★

Nike not renewing franchise agreements in Russia Reporting by Reuters; Editing by Simon Cameron-Moore and Tomasz Janowski 25 May 2022, Reuters U.S. sportswear maker Nike has not renewed agreements...

Answered: 1 week ago

Question

★★★★★

Ethics. For each of the following behaviors,explain whether it is illegal and/or unethical and what effect the behavior could have on an employee and employer. (Objectives 2, 3, 4, and 5) a. Sending...

Answered: 1 week ago

Question

★★★★★

Global. Ethics. Technology. Assume that you are a good friend of an executive of a company that markets widgets in the Bahamas. You have stock in this company, and your friend casually mentions that...

Answered: 1 week ago

Question

★★★★★

Ethics. Assume that a section of the company policy where you work conflicts with your individual value system.When a situation arises that requires application of this policy for a communication...

Answered: 1 week ago

Previous Question Next Question