User Account

All Pages

What is the labor efficiency variance for the month

Assignment Help Managerial Economics
Reference no: EM13986461

The following labor standards have been established for a particular product made by Dodoo-GIllespie Corp.
Standard labor hours per unit of output 8.1 hours
Standard labor rate $14.40 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 8,700 hours
Actual total labor cost $129,195
Actual output 1,000 units

What is the labor efficiency variance for the month?

A.) $8,910 U
B.) $12,555 F
C.) $12,555 U
D.) $8,640 U 

Reference no: EM13986461

Questions Cloud

How would culture influence the different segments : Based on the case information on various personas (a term use in the case that is similar in meaning to lifestyle segment profiles), who do you think is the best target customer for RKS Guitars? How would culture influence the different segments
What are the magnitude and direction of the acceleration : A 10-kg object is hanging by a very light wire in an elevator that is traveling upward. The tension in the rope is measured to be 75 N. What are the magnitude and direction of the acceleration of the elevator?
Does a clean opinion from an audit firm guarantee that the : Does a "clean" opinion from an Audit Firm guarantee that the financials are free of all errors? If not, what does it state?
Determine the change in the gravitational potential energy : A 10-kg package is raised vertically from rest by an elevator at a constant acceleration of 2.5 m/s2. Determine the kinetic energy of the package at 13 s after the elevator began raising the package.
What is the labor efficiency variance for the month : What is the labor efficiency variance for the month?A.) $8,910 UB.) $12,555 FC.) $12,555 UD.) $8,640 U
The london currency markets : 6. In the london currency markets, the following quotes are available: EURUSD = 1.50 and EURCAD =1.6. in the new york currency markets, we find the CAD trading at CADUSD = 0.9. Explain how an arbitrager can exploit this situation. if the arbitrager c..
Describe the company current product or service : Describe the company's current product(s) or service(s). What are their sales in dollars? What is their share of the market
Determine the value of a number in an ieee : Write a C program that will determine the value of a number in an IEEE-like floating point format and create this directory inside the original directory that you created for Part 1. Copy all of the files from Part 1 into this directory.
Draw the payoff of alternative b as a function of the sand p : Draw the payoff of alternative B as a function of the S&P (with the S&P performance on the X-axis, and the return of the plan on the Y-axis.)

Reviews

Write a Review

Managerial Economics Questions & Answers

  The usa is the world''s largest emitter

1.The USA is the world's largest emitter of CO2, and China is the second largest. What issues arise from this in the formulation of a global policy to reduce CO2 emissions?

  Different assumptions about the relationships between m and

Controlling the money supply is sometimes advocated as an appropriate policy for controlling inflation. What implications do different assumptions about the relationships between M and V, and M and Y, in the equation MV =PY have for the effectiveness..

  Structure of industry

What is the outcome in terms of profitability and result in this Industry - submit a paper on an Industry of your choice.

  What can company do to induce juan to purchase more clothing

The Johnson Company is the sole producer of clothing. What can the company do to induce Juan to purchase more clothing? Show graphically. (The graph does not have to be exact.)

  How many airlines will serve the island and explain

It recently spent money to lobby the government to build a better airport and expand air service. Why did they do this? Do you think that Sun Resorts cares about how many airlines will serve the island? Explain.

  What external parties monitor managers

What external parties monitor managers? Assess how these parties performed their roles in the 1990s. Discuss the current pressures on these parties.

  Interactions between production and profit maximization

The question requires complete understanding of interactions between production and profit maximization.

  Under oligopoly, might a particular industry

1.Why, under oligopoly, might a particular industry be collusive at one time and yet highly price competitive at another?

  Perfectly competitive market

Describe a real-world situation (either in the private sector or public sector) in which your answer to (A) could have been used to achieve either a moreefficient or more desirable outcome for the relevant stakeholders.

  What are the profit-maximizing price and output levels

What are the profit-maximizing price and output levels? Explain them and calculate algebraically for equilibrium P - How much economic profit do you expect that Robert's company will make in the first year?

  How can ihrm help to ensure the success of firms

How can IHRM help to ensure the success of firms with a global organizational structure and transnational organizational structure?

  How do your results differ from those in part a

Repeat the above calculations but with highly skilled workers having a q value of 0.6 and low skill workers 0.5. How do your results differ from those in part a?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd