Triton Corporation's direct labor costs for the month of December are as follows:
Actual direct labor hours 6,000
Standard direct labor hours 5,000
Direct labor rate variance-favorable $900
Total payroll $48,000
What was Triton's direct labor efficiency variance (round all answers to the nearest whole cent)?
a.$9,780 favorable
b.$9,600 favorable
c.$ 8,150 unfavorable
d.$9,600 unfavorable
correct: c
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Using the following year-end information for Calvin's Clothing, calculate the current ratio and acid-test ratio for the business: Cash$53,150?Short-term investments 10,000?Accounts receivable 50,000?Inventory 190,000?Prepaid expenses 6660?Accounts payable 104,000?Other current payables 30,700?
A. 0.43 and 1.19 B. 2.30 and 0.84 C. 2.74 and 1.19 D. 1.30 and 0.84 E. 1.30 and 1.00
What concept describes an employee’s state of mind that reflects a combination of their commitment to their employer and the degree to which they are wiling to actively support and help out colleagues:
a. employee engagement b. employee expression c. employee emancipation d. employee awareness
What occurs when a business sells directly to the customer online and cuts out the middle man?
A. Reintermediation B. Intermediaries C. Cybermediation D. Disintermediation
Jeffreys Company reports depreciation expense of $57,000 for Year 2. Also, equipment costing $191,000 was sold for a $11,700 loss in Year 2. The following selected information is available for Jeffreys Company from its comparative balance sheet. Compute the cash received from the sale of the equipment.At December 31Year 2Year 1Equipment$695,000? $886,000? Accumulated Depreciation-Equipment 496,000? 585,000?
A. $33,300. B. $77,300. C. $56,700. D. $57,000. E. $45,000.