My performance report shows that my employees worked 75 hours, however, their pay card report shows that they worked 80 hours. What is my variance percentage?
Q: What is the firm's cash conversion cycle? General accounting
A: Step 1: Define Operating CycleThe operating cycle determines the period a company takes to convert…
Q: Give Answer
A: Step 1: Identify Production Data Points Step 2: Calculate Variable Cost per Unit Step 3: Compute…
Q: General Accounting
A: Below are the step-by-step calculations to determine the company's after-tax debt cost.Step 1:…
Q: Provide correct answer this financial accounting
A: Step 1: Define Growing PerpetuityThe concept of growing perpetuity is often used to value stocks or…
Q: Hello teacher please help me Accounting question
A: The Manufacturing Cycle Efficiency (MCE) is calculated as the ratio of value-added time to the total…
Q: Please provide this question solution general accounting
A: Step 1: Define PensionPension is a fund that is created by the employer as well as employees. The…
Q: You have reported a net income solution this accounting questions
A: Step 1: Definition of Return on AssetsReturn on Assets (ROA) measures how efficiently a company uses…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a…
Q: General accounting
A: Step 1: Define Cash Conversion CycleIn the domain of accounting, the cash conversion cycle denotes…
Q: Given answer accounting questions
A: Step 1: Define Fixed Overhead volume varianceFixed overhead volume variance is a part of standard…
Q: Hi expert please give me answer general accounting question
A: Step 1: Calculation of Capital GainCapital Gain = Final Price - Purchase PriceCapital Gain = $96 -…
Q: Provide correct answer general accounting
A: Step 1: Define Accounts Receivable CollectionAccounts receivable, or sales on account, refers to the…
Q: The following information is available for October for Norton Company. Beginning inventory Net…
A: Step 1: Key Information RecapBeginning Inventory: $400,000Net Purchases: $1,200,000Net Sales:…
Q: Ryan has just deposited... Can you please answer this financial accounting question?
A: Step 1: Define Future ValueFuture value under compound interest is the accumulated value of an…
Q: Iris Company has provided the following information regarding two of its items of inventory at…
A: To determine the ending inventory using the lower of cost or net realizable value (LCNRV) on an…
Q: 3 Management’s primary responsibility with respect to financial statements is to Select one:…
A: Management's primary responsibility is to prepare the financial statements because they have the…
Q: Question Accounting-Cash conversion cycle: Pem Corp. has an inventory period of 22.6 days, an…
A: Explanation of Cash Conversion Cycle (CCC):The Cash Conversion Cycle (CCC) is a measure of how long…
Q: Theresa corporation, which manufacturing baskets solve this question general Accounting
A: Step 1: Calculate the payroll tax costPayroll tax rate = 15% of the basic direct labor ratePayroll…
Q: Please provide correct answer general Accounting
A: Step 1: define Sell or further processThis is one type or form of decision making where management…
Q: Please give me answer general accounting question
A: Step 1: Contribution Margin per unit can be calculated by subtracting the total variable cost per…
Q: When should dynamic allocation models replace static methods? a) Changes create confusion b) Fixed…
A: Approach to solving the question:Freeform Detailed explanation: The reason c) Changing business…
Q: Hello tutor please provide correct answer general Accounting
A: Step 1: Define Inventory ledgerAn inventory ledger is a physical or digital record used to track…
Q: The actual cost of direct labor solve this question
A: Step 1: Define Standard CostingStandard costing refers to the analysis of budgeted or standard cost…
Q: Financial accounting
A: Step 1: Define Projected Benefit ObligationThe measurement to predict the future pension liabilities…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Factory Overhead Allocation (Multiple Production Department Factory Overhead…
Q: Hi expert please provide correct answer
A: Step 1: Define Receivables turnover ratioThe accounts receivable turnover ratio is ratio which is…
Q: I won't to this question answer general Accounting
A: Step 1: Define Accounts receivableIt refers to money from a buyer to a seller that has not yet paid…
Q: What distinguishes accounting tolerance analysis from materiality thresholds?
A: Explanation of Accounting Tolerance Analysis: Accounting tolerance analysis is a systematic approach…
Q: Please provide solution for this general accounting question
A: To calculate the year-end balance in the Allowance for Bad Debts account, follow these steps: Step…
Q: Need help with this accounting question
A: Step 1: Define Allowance for Doubtful AccountsAllowance for Doubtful Accounts is a contra-asset…
Q: Do fast answer of this general accounting question
A: Step 1: Determine Variable Overhead• Variable Overhead = Direct Labor Hours × Variable Overhead Rate…
Q: I won't to this question answer general Accounting
A: Step 1: Define Costs of Goods SoldThe cost of Goods Sold is defined as the cost of making the goods…
Q: Joberg Ltd. prepared an aging of its accounts receivable at December 31, 2020 and determined that…
A: Bad debt expense is the amount that a company estimates will not be collected from its customers who…
Q: Which answer is right?
A: Explanation of Equitable Accounting Principles:Equitable accounting principles focus on presenting…
Q: General Accounting
A: Margin=(Net Operating Income/Sales)∗100 Margin = ($5,900,000/$18,700,000) x 100 = 31.550802139% or…
Q: What is the firm's cash conversion cycle? General accounting
A: Step 1: Define Components of cash conversion cycleComponents of the cash conversion cycle can be…
Q: Hi expert provide correct answer general accounting
A: Step 1: Define Average Collection PeriodThe average collection period refers to the total amount of…
Q: Given answer financial accounting
A: Step 1: Define Corporate Income TaxThe corporate income tax is imposed on corporate entities' annual…
Q: Which of the following is the correct contribution margin per machine hour on these general…
A: Step 1: Calculate the contribution margin per unitContribution Margin per Unit = Selling Price per…
Q: Give both Questions asnwer
A: To solve this problem for Fields Company, we will calculate:Equivalent Units of Production (EUP) for…
Q: None
A: Step 1: Define Cost Of Goods ManufacturedThe firm makes a schedule of the cost of goods manufactured…
Q: I need this question answer General Accounting
A: Step 1: Define Effect of Collection Period on Cash FlowCash flow from accounts receivable is…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Gross ProfitGross profit is the financial metric that represents the…
Q: Help me
A: Concept of Weighted-Average Method: The weighted-average method in process costing combines costs…
Q: In order to measure fair value under IFRS13, an entity must determine Select one: a.the item…
A: IFRS 13, 'Fair Value Measurement', provides a framework for measuring fair value. Fair value is the…
Q: ?? Answer??
A: Net sales represent the actual revenue a company earns from its sales after accounting for certain…
Q: Please given correct answer general accounting
A: Detailed explanation:Receivables Turnover Ratio for 2016 : Given : Net Accounts Receivable 2015 $…
Q: Al's sport store has sales of solve this question general Accounting
A: To calculate how many days it takes on average for Al's Sport Store to sell its inventory, we need…
Q: How much is the accounts receivable turnover ratio on these accounting question?
A: Step 1: Define Accounts Receivable Turnover RatioIt is a financial ratio that calculates how many…
Q: Hi expert provide correct option general accounting
A: Step 1: Define Total AssetsTotal assets are anything an organization owns, which are divided into…
None
Step by step
Solved in 2 steps
- Kyle Forman worked 47 hours during the week for Erickson Company at two different jobs. His pay rate was $14.00for the first 40 hours, and his pay rate was $11.80 for the other 7 hours. Determine his gross pay for that week if thecompany uses the one-half average rate method.a. Gross pay ........................................................................................................................ $b. If prior agreement existed that overtime would be paid at the rate for the jobperformed after the 40th hour, the gross pay would be ................................................... $If the factory overhead control account has a credit balance of 2,000 at the end of the first month of the fiscal year, has the overhead been under- or overapplied for the month? What are some probable causes for the credit balance?Cavy Company estimates that the factory overhead for the following year will be $927,200. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 24,400 hours. The machine hours for the month of April for all of the jobs were 5,210. If the actual factory overhead for April totaled $202,534, determine the over- or underapplied amount for the month. Enter the amount as a positive number.
- Kyle Forman worked 45 hours during the week for Erickson Company at two different jobs. His pay rate was $14.75 for the first 40 hours, and his pay rate was $11.30 for the other 5 hours. Round your overtime rate and other interim computations to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay $ fill in the blank 1 b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be $ fill in the blank 2Kyle Forman worked 45 hours during the week for Erickson Company at two different jobs. His pay rate was $13.75 for the first 40 hours, and his pay rate was $10.60 for the other 5 hours. Round your overtime rate and other interim computations to two decimal places and use the rounded amount in subsequent computations. Round the final answers to the nearest cent. Determine his gross pay for that week if the company uses the one-half average rate method. a. Gross pay b. If prior agreement existed that overtime would be paid at the rate for the job performed after the 40th hour, the gross pay would be1. What is the actual (direct labor) wage rate per hour paid last month? 2. What is the direct labor rate variance? 3. What is the direct labor efficiency variance? 4. How might the direct labor rate variance for the firm last month be causing the direct labor efficiency variance?
- The details regarding Labour force engaged in a work scheduled to be completed in 30 hours are as follows:- The work is actually completed in 32 hours. Calculate Labour Variances. Show your working clearly.Help with this accounting questionsThe standard rate of pay is $12 per direct labor hour. If the actual direct labor payroll was $42336 for 3600 direct labor hours worked, the direct labor price (rate) variance is O $1200 unfavorable. O $864 unfavorable O $1200 favorable. O $864 favoráble.
- The standard rate of pay is 12 per direct labor hour. If the actual direct labor payroll was $51744 for 4400 direct labor hours worked, the e direct labor price (rate) variance is a. $1200 unfavorable b. $1200 favorable c. $1056 favorable d. $1056 untavorableBreakaway Company's labor information for May is as follows: Actual direct labor hours worked Standard direct labor hours allowed Total payroll for direct labor Direct labor time variance $18,320 (unfavorable) A. What is the actual direct labor rate per hour? Round your answer to two decimal places. Actual direct labor rate $ per hour B. What is the standard direct labor rate per hour? Round your answer to two decimal places. Standard direct labor rate per hourMunabhaiSEE MORE QUESTIONS