A company would most likely have an unfavorable labor rate variance and a favorable labor efficiency variance if
a. the mix of workers used in the production process was more experienced than the normal mix.
b. the mix of workers used in the production process was less experienced than the normal mix.
c. workers from another part of the plant were used due to an extra heavy production schedule.
d. the purchasing agent acquired very high quality material that resulted in less spoilage.
A
You might also like to view...
What percentage of known offenders involved in hate crimes are White?
a. 62 percent. c. 93 percent b. 45 percent. b. 45 percent
Mabel and Nahim want to start up and incorporate a new business enterprise. The first step in the incorporation process is to
A. choose and file a corporate name with a state office. B. draft the bylaws to govern the corporation. C. hold an initial board of directors' meeting. D. prepare and file articles of incorporation with a state office.
According to the CAPM, systematic risk is the only relevant risk for capital budgeting purposes
Indicate whether the statement is true or false
During the first week of January, an employee works 45 hours. For this company, workers earn 150% of their regular rate for hours in excess of 40 per week. Her pay rate is $36 per hour, and her wages are subject to no deductions other than FICA Social Security, FICA Medicare, and federal income taxes. The tax rate for Social Security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7000 of an employee's pay. The employee has $100 in federal income taxes withheld. What is the amount of this employee's net pay for the first week of January? (Round your intermediate calculations to two decimal places.)
A. $230.82 B. $1710.00 C. $1579.19 D. $1940.82 E. $1479.19