The following information relates to the direct labor at Pad…
The following information relates to the direct labor at Padmaja Manufacturing, Incorporated for March: Actual StandardLabor cost per hour $18.00 $17.50Labor hours per unit produced 1.5 1.4During March, Padmaja produced 2,100 units. What is Padmaja’s labor efficiency variance for March?
Read DetailsAll of Gaylord Corporation’s sales are on account. Thirty-fi…
All of Gaylord Corporation’s sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: January February March AprilTotal sales $50,000 $60,000 $40,000 $30,000What is the amount of cash that should be collected in March?
Read DetailsThe city of Springfield wants to discourage the consumption…
The city of Springfield wants to discourage the consumption of liquor. So the city imposes a 50% city liquor tax, to begin on the first of next month. What happens to the demand for liquor in Springfield between now and the first of next month
Read DetailsSolly Corporation produces a product for national distributi…
Solly Corporation produces a product for national distribution. Standards for the product are:Materials: 12 ounces per unit at 60¢ per ounce.Labor: 2 hours per unit at $8 per hour.During the month of December, the company produced 1,000 units. Information for the month follows:Materials: 14,000 ounces purchased and used at a total cost of $7,700.Labor: 2,500 hours worked at a total cost of $20,625.The labor rate variance is:
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