Answer:
Direct labor rate variance= $594 unfavorable
Explanation:
Giving the following information:
The standard direct labor cost per hour is $7.20.
During August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708.
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 48,078/6,600= $7.29
Direct labor rate variance= (7.20 - 7.29)*6,600
Direct labor rate variance= $594 unfavorable
Answer:
The correct answer is letter "B": the excess of sales revenue over variable cost.
Explanation:
In its most simple form, contribution margin is calculated by subtracting variable costs and expenses from revenues. Contribution margin represents a part of the company's revenues that are not allocated for variable cost. Thus, that portion is used to pay the firm's fixed costs. Contribution margin is low usually for <em>labor-intensive</em> entities while <em>capital-intensive</em> companies tend to have a higher contribution margin.
The correct answer is D; They perform professional-level duties rather than manual tasks or piecework.
Further Explanation:
The research suggests that all of the other situations listed are true. Women who stay home are very qualified to work outside the home but may not be able to at this time because of childcare or the fact they want to raise their children. Many women who stay at home do work at home by cleaning, washing, taking care of the family finances and so much more, in addition to any children that may be home. The family dynamics are very similar to other women who are employed.
The one item that was not true was that they perform professional-level duties rather than piecework or manual tasks. The women who stay at home may not have the opportunity to do a professional task unless it is to volunteer at a school, etc. Since they stay home, there is no need for a woman to know how to run a corporation.
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Answer:
Option (b) is correct.
Explanation:
When the united states offered a tax credit to the firms that built the new factories then this will increase the demand for loanable funds because every firm wants to built a new factory, so that they are eligible for the tax credit given by the U.S.
This increase in the demand for loanable funds at the ongoing interest rate would shift the demand curve of loanable funds rightwards and this economy is experiencing a situation where the demand of loanable funds is greater than the supply. This will create a shortage of loanable funds.
Explanation:
We are to find marginal tax and average tax rate at a consumption level of 500 oranges for plan A and plan B
Plan A
Consumption level = 500 oranges
Tax = 20%
Tax payable on this = 500 x 20% = 500 x 0.2 = 100
Marginal tax rate = 20 %
Average tax return = 100/500 = 0.2x100 = 20%
Plan B
At tax rate = 30%
Same consumption level
Tax payable = 500 x 30% = 500 x 0.3 = 150
Marginal tax rate = 30%
Average tax rate = 150/500 = 0.3 x 100 = 30%