sammybrain
09.11.2020 •
Business
Dallin Tax Company considers 8,000 direct labor hours or 400 tax returns its normal monthly capacity. Its standard variable overhead rate is $40 per direct labor hour. During the current month, $308,500 of variable overhead cost was incurred in working 7,400 direct labor hours to produce 360 units of product. Determine the following variances, and indicate whether each is favorable or unfavorable:
Determine the following variances:
What I have gotten so far:
Actual cost: 308500
Split cost: 296000
Standard cost: ? (320000 is the logical answer, but is not correct.)
Variable overhead spending: 12500 (unfavorable)
Variable overhead efficiency: ?
Any advice??
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Ответ:
The correct answer is letter "B": In a single payment, and the collateral is returned.
Explanation:
A pawn is a type of loan based on the value of the collateral. Collateral can be of many kinds but they are usually objects that have recognized value so that if the borrower cannot afford to pay the amount of the loan the pawnbroker would sell the collateral to cover the amount of the loan given. Pawns are requested to be paid in full so the collateral can be returned.