Answer:
$2,400 U
Explanation:
Labor efficiency variance is a financial metric that assesses a company’s ability to efficiently use labor per the expectations. The variance is worked out as the difference between the actual labor hours utilized and the standard amount that ought to have been used, multiplied by the standard labor rate.
In Clark Manufacturing:
It is given that:
Number of hours required to produce one product = 2 hours
Standard Labor rate(SLR) per hour = $12
Actual Labor rate(ALR) per hour = $12.20
Units of products produced = 2000
Number of hours required(SLH) to produce 2000 units = 4,000 hours
Actual Labor Hours(ALH) used =4,200 hours
Labor Efficiency Variance =(ALH - SLH) *SLR
= (4200-4000) *12
200*12 = $2,400 U
U means unfavorable. This variance is unfavorable because the labor cost exceeded the standard or budgeted labor cost.
Answer:
The answer is B. $180,000
Explanation:
The sum of years' digits method is an accelerated depreciation that is based on the assumption that the productivity of the asset decreases with time.
Here, the sum of the digits are found. In this question, useful life is 5 years. So the sum of the digit is:
5+4+3+2+1 = 15.
April 1 20X4 through March 31 20X6 is 2 years.
First year depreciation is:
5/15 x $300,000
=$100,000
2nd year depreciation is:
4/15 x $300,000
=$80,000
Therefore, accumulated depreciation is
$100,000 + $80,000
$180,000
Answer:
The correct answer is b. True.
Explanation:
The objective of applying the marketing mix is to know the situation of the company and to develop a specific strategy for subsequent positioning. One way to start is by conducting a market study.
As changing as the consumer, the marketing mix currently has an approach that rethinks questions about the market and the consumer such as:
- What needs do my clients have?
- What is the cost of satisfaction of our customers and what return will this satisfaction give me?
- Which distribution channels are more convenient?
- How and by what means do I communicate it?
Answer: Charge a lower price after half-time
Explanation: Law of diminishing marginal utility holds that as the consumer consumes more and more units of a commodity, the incremental satisfaction derived from the successive units begins to fall after a certain point. Thus, as marginal utility begins to fall the persons willingness to pay shall also decline for the successive units. Therefore, the seller must sell the pop-corns at a lower price after half-time.
