Sharp company manufactures a product for which the following standards have been set:

standard quantity or hours standard price or rate standardcost
direct materials 3 feet $5 per foot $15
direct labor ? hours ? per hour $ ?
during march, the company purchased direct materials at a cost of $58,050, all of which were used in the production of 3,320 units of product. in addition, 4,900 hours of direct labor time were worked on the product during the month. the cost of this labor time was $39,150. the following variances have been computed for the month:

materials quantity variance $ 2,700 u
labor spending variance $ 690 f
labor efficiency variance $ 640 f

2. for direct labor:
a. compute the standard direct labor rate per hour. (do not round intermediate calculations.)
standard direct labor rate per hour
b. compute the standard hours allowed for the months production.
standard hours
c. compute the standard hours allowed per unit of product. (round your answer to 1 decimal place.)
standard hours (hours per unit)

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Apharmaceutical packaging company (ppc) has decided to reorganize its processes into cells. the company has four different production operations, each requiring a unique piece of equipment. the names and functions of the four pieces of equipment are sort, count, place, and package. the company packages five different families of products (a, b, c, d, and e). the tables below indicate the demand (total units/day by product family), required operations, and operation cycle times for each product family. assume that any individual piece of equipment is available to operate 16 hours/day, but 2 hours (in total) are lost each day on each piece of equipment due to breaks and meetings when operators are not available to operate the equipment. how many minutes/day are available for production