Answer: See explanation
Explanation:
a. The actual direct labor rate per hour will be:
= Standard direct labor rate per hour - favorable labor rate variance
= $11 - $0.40
= $10.60
Then, the actual direct labor hours worked during July will be calculated as:
= (5910 × $11) - $350 / $10.6
= ($65010 - $350) / $10.6
= $64660 / $10.6
= 6100
b. The direct labor rate variance will be:
= (Actual rate per hour - standard rate per hour) × Actual labor hours
= (10.60 - 11.00) × 6100
= 2440F
Direct labor efficiency variance will be:
= (6900 - 5910) × $11
= 2090U
The direct labor rate variance that was favorable shows that the manager paid a lower rate to its staffs while the direct labor efficiency variance that was unfavorable implies that the manager used less efficient workers. This indicates that a trade-off took place.
= (6900
Answer:
the stock price is $45.44
Explanation:
The computation of the stock price is shown below:
Sales per share is
= Total sales ÷ stock outstanding shares
= $3,010,000 ÷ 106,000 shares
= $28.40
Now
Benchmark PS = Stock price ÷ Sales per share
Stock price = $28.40 × 1.6
= $45.44
hence, the stock price is $45.44
We simply applied the above formula so that the correct value could come
And, the same is to be considered
What are the options to choose from?
Answer:
help reinforce your professional credibility.
Answer:
D) have customers who operate in many different parts of the country.
Explanation:
A lockbox is basically a bank mailing address where a company's clients can send their payments to. It is similar to mailbox that receives letters, only that this one receives checks and cash. The bank is in charge of opening the lockbox and depositing the cash and checks to the company's account, and reporting the information.
