Answer:
$429.60 Favorable
Explanation:
Provided information,
Standard Hours for each product = 3 hours
Standard Cost per hour = $14.00
Actual hours used = 198
Actual output = 80 connectors
Standard hours for actual output = 80
3 = 240 hours
Actual Rate = $14.80 per hour
Direct labor cost variance = Standard Cost - Actual Cost
Standard Cost = Standard hours
Standard Rae
= 240
$14 = $3,360
Actual Cost = 198
$14.80 = $2,930.40
Variance = $3,360 - $2,930.40 = $429.60
Since actual cost is less than standard variance is favorable.
$429.60 Favorable
Answer:
$51. 15
Explanation:
The selling price is $58.82
The mark-up is 15% of the selling price.
The cost price is ???
The $58.82 is 115% of the cost price.
the cost price is 100%
cost price
= 58.82/115 x 100
= $0.5114 X 100
=$51. 15
D. a firm that has some control over the price of the product it sells
Answer:
$88,920
Explanation:
capitalized interest = weighted average accumulated expenditure for the year x interest rate of the loan = $889,200 x 10% = $88,920
Capitalized interest can be added to the basis of the new building that is being constructed. This way, the building's depreciable value will increase.