Question
The organization budgeted $400,000 for 40,000 hours of
direct labor to complete 16,000 units of finished product. The firm used 42,000 direct labor hours and completed 17,000 units of finished product. What is the direct labor efficiency variance if the actual wage rate is 11/hour?Solution
Answer: LEV = (Actual Hours – Standard Hours) * Standard Rate .Here, LEV = (42000-42500)*10 = 5000F Here, Standard rate = 400000/40000 = 10/ hour And standard hours = 17000*40000/16000 = 42500.
What action should lenders take when a stressed loan is transferred to an ARC at a price below the Net Book Value (NBV)?
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Which of the...
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The sweat equity shares issued to directors or employees have a lock-in of what duration?
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...A company reports:
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