Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 13, 2021

The actual hourly rate paid above or below the standard hourly rate, multiplied by the actual number of hours worked is the: a.Labor rate variance.

The actual hourly rate paid above or below the standard hourly rate, multiplied by the actual number of hours worked is the: a.Labor rate variance. b.Labor efficiency variance. c.Labor usage variance. d.Labor direct variance.

Step by Step Solution

★★★★★

3.40 Rating (147 Votes )

There are 3 Steps involved in it

Step: 1

Answer Option a Labor rate variance Labor rate variance is calculated a... blur-text-image

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

Applied Statistics In Business And Economics

Authors: David Doane, Lori Seward

4th Edition

73521485, 978-0073521480

More Books

Students also viewed these Accounting questions

Question

★★★★★

The self-reported number of hours worked per week by 204 top executives is given below. (a) Estimate the mean, standard deviation, and coefficient of variation, using an Excel work- sheet to organize...

Answered: 1 week ago

Question

★★★★★

Until recently, the standard number of hours worked per week for a full - time job in France was 39 hours, just as in the United States. But in response to social unrest over high levels of...

Answered: 1 week ago

Question

★★★★★

Can we infer that the mean number of hours worked (HRS1) among those working full or part time is greater than 40?

Answered: 1 week ago

Question

★★★★★

Solve the inequality. Write the solution in interval notation. |15 = x Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Let l be the tangent line to the parabola y = x2 at the point (1, 1). The angle of inclination of is the angle that l makes with the positive direction of the -axis. Calculate correct to the...

Answered: 1 week ago

Question

★★★★★

The Circle Clock Company sells a particular clock for $25. The variable costs are $13 per clock and the breakeven point is 250 clocks. The company expects to sell 300 clocks this year. If the company...

Answered: 1 week ago

Question

★★★★★

=+9. For the following experiment, indicate whether it was single-blind, double-blind, or not blinded at all. Explain your reasoning.

Answered: 1 week ago

Question

★★★★★

UrLink Company is a newly formed company specializing in high-speed Internet service for home and business. The owner, Lenny Kirkland, had divided the company into two segments: Home Internet Service...

Answered: 1 week ago

Question

★★★★★

Common stock valueConstant growthMcCracken Roofing, Inc., common stock paid a dividend of $1.14 per share last year. The company expects earnings and dividends to grow at a rate of 6% per year for...

Answered: 1 week ago

Question

★★★★★

The following trial balance of Oakley NV does not balance. Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the...

Answered: 1 week ago

Question

★★★★★

Positive changes in the perception of professionals in the field of psychology have been made. Some professionals still think that psychiatrists should be the ones to provide expert testimony in...

Answered: 1 week ago

Question

★★★★★

Twenty movies were released over a particular summer and their MPAA ratings (G, PG, PG-13, R) are given in the table below. G G G PG PG PG G G G G PG G G PG PG13 PG G R PG13 G a) Complete the...

Answered: 1 week ago

Question

★★★★★

Joaquin goes for a job interview and is surprised that the interviewer asks him about his personal standards regarding how he would handle certain situations. He expected that the focus would be on...

Answered: 1 week ago

Question

★★★★★

1. A particle moves with amplitude A and period T, as shown in the figure. Express the following in terms of A and T and numerical constants (if necessary). (3 marks) M T A a. The time at which the...

Answered: 1 week ago

Question

★★★★★

Using this ER-Diagram, write an SQL Statement using CONSTRAINTS command and show atleast 1 data of the database. Write down below the SQL Statements and commands that was used. PDiagnosis PAddress...

Answered: 1 week ago

Question

★★★★★

1. (a)(i) What problem has been brought about by uncontrolled mining of minerals in Kenya? (ii) Where is fluorspar mined in Kenya? (iii) Describe how trona is mined and processed in Magadi (b) (i)...

Answered: 1 week ago

Question

★★★★★

Oriole Video Center accumulates the following cost and net realizable value data at December 31. Compute the lower-of-cost-or-net realizable value for the company's inventory. Lower-of-cost-or-net...

Answered: 1 week ago

Question

★★★★★

Assume that a trial balance is prepared with an account balance of $21,360 listed as $21,630 and an account balance of $1,500 listed as $15,000. Identify the transposition and the slide.

Answered: 1 week ago

Question

★★★★★

The top food snacks consumed by adults aged 1854 are gum, chocolate candy, fresh fruit, potato chips, breath mints/candy, ice cream, nuts, cookies, bars, yogurt, and crackers. Out of a random sample...

Answered: 1 week ago

Question

★★★★★

Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probability of total loss of only the above-water superstructure ($250...

Answered: 1 week ago

Question

★★★★★

Calculate each binomial probability: a. X = 2, n = 8, = .10 b. X = 1, n = 10, = .40 c. X = 3, n = 12, = .70

Answered: 1 week ago

Question

★★★★★

The following table contains the monthly usage and unit costs for a random sample of 15 items from a list of 2,000 inventory items at a health care facility. a. Develop an A-B-C classification for...

Answered: 1 week ago

Question

★★★★★

The [manager of a car wash has received a revised price list from the vendor of the liquid soap, and a promise of a shorter lead time for deliveries. Formerly the lead time was four days, but now the...

Answered: 1 week ago

Question

★★★★★

A newspaper publisher uses roughly 800 metres of baling wire each day to secure bundles of newspapers while they are being distributed to carriers. The paper is published Monday through Saturday....

Answered: 1 week ago

Previous Question Next Question