<u>Solution and Explanation:</u>
The budgeted cost of the direct labor for the month is calcuated as follows:
the given data:
Budgeted production is = 8000 units, time required of direct labor work in order to complete the production is = 40 minutes, the direct labor rate as given in the question is = $100 per hour.
Budgeted cost = time multply with rate of labor multiply with budgeted production
(40/60 multiply with 100) multiply with 8000 = 533,333.33
therefore, the budgeted cost = $533333.33 ( rounded of to 2 places).
Answer:
$338,712
Explanation:
we must first calculate the monthly payment using the present value of an annuity formula:
present value = monthly payment x annuity factor
present value = $340,000
PV annuity factor, 0.529167%, 420 periods = 168.38268
monthly payment = $340,000 / 168.38268 = $2,019.21
Since the monthly payment was actually higher than $1,800, the balloon payment will be almost $340,000
I prepared an amortization schedule using an excel spreadsheet. During the first years, the principal is only decreasing by $1 each month
Macroeconomics deals with the short-run variations in economic growth that make up the business cycle
This is further explained below.
<h3>What is
Macroeconomics?</h3>
Generally, The study of an economy's performance overall, structure, behavior, and judgment is the domain of macroeconomics, a subfield within the discipline of economics.
The increase of economic activity is followed by periods of contraction, which together make up a business cycle.
These shifts have repercussions not just for the well-being of the general population but also for the operations of private organizations.
Business cycles are a sort of variation that may be observed in the overall economic activity of a country.
A business cycle is a cycle that consists of expansions happening at about the same time in numerous economic activities, followed by contractions that are equally widespread in nature.
In conclusion, The business cycle is the primary focus of macroeconomics, which analyzes the short-term fluctuations in economic growth that occur throughout it.
Read more about Macroeconomics
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<h2>Knowledge worker make difference by thinking in a variety of way.</h2>
Explanation:
Rather than regular worker who do manual work / routine work / physical work, Knowledge worker are those who always thinks in variety of ways to solve complex issues, create new products and take company in a different route of success which can be achieved with ease.
The HR should play a major role in motivating knowledge workers by,
- providing flexible-timings
- Provide additional allowances
- Bonus on fixing complex issues / finding new products
- Awards & other mode of appreciation on achievement
Answer:
Actual Rate= $9.5 per hour
Explanation:
Giving the following information:
Actual number of hours= 6,300
Direct labor price variance= $3,150 unfavorable
Standard rate= $9 per direct labor hour
<u>To calculate the actual rate, we need to use the direct labor rate (price) variance formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
-3,150 = (9 - Actual Rate)*6,300
-3,150 = 56,700 - 6,300Actual Rate
-59,850 = -6,300Actual Rate
-59,850/-6,300 = Actual Rate
$9.5 = Actual Rate
