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lbvjy [14]
3 years ago
7

Zanny Electronics Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard

for each radio is 0.9 hours. The standard direct labor cost per hour is $7.20. During the month of August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708. This resulted in production of 6,900 water ski radios for August. What is Zanny's labor rate variance for August?
Business
1 answer:
AlexFokin [52]3 years ago
6 0

Answer:

Labor Rate Variance = - $1,188 Unfavorable

Explanation:

Provided labor hours for each radio = 0.9

Standard labor cost per hour = $7.20

Actual labor cost = $48,708

Actual labor hours = 6,600

Actual labor rate = $48,708/6,600 = $7.38

Labor Rate Variance = (Standard Rate - Actual Rate) \times Actual Hours

= ($7.20 - $7.38) \times 6,600 =<em><u> - $1,188 Unfavorable</u></em>

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Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the bo
grigory [225]

Answer:

The correct options are as follows

Buyers will pay all of the tax.

The price of Humbugs will rise to $60.

The quantity of Humbugs demanded will not change.

Explanation:

As the question is not complete, the complete question is found online and is attached herewith.

The options given are as follows

Sellers will pay all of the tax.

Buyers will pay all of the tax.

The price of Humbugs will rise to $60.

The price of Humbugs will rise by less than $10.

The quantity of Humbugs demanded will not change.

Now option 1 is not correct as the buyer has to pay the tax not the seller.

option 2 is correct

option 3 is correct

option 4 is not correct as the initial price is $50 and the new price is to be more than $60 thus the rise is more than $10.

option 5 is correct as the demand of the hamburger will remain the same.

5 0
3 years ago
A Japanese company has a bond outstanding that sells for 87 percent of its ¥100,000 par value. The bond has a coupon rate of 4.3
PSYCHO15rus [73]

Answer:

YTM = 12.66%

Explanation:

FV = ¥100,000

PV = 0.87 x  ¥100,000

PV=  ¥87,000

Coupon payment = 4.3% x ¥100,000

Coupon payment = ¥4300 per year

N = 18 years

YTM = ?

We would simply plug these values into a financial calculator

https://www.calculator.net/finance-calculator.html?ctype=returnrate&ctargetamountv=1000000&cyearsv=18&cstartingprinciplev=87000&cinterestratev=6&ccontributeamountv=4300&ciadditionat1=end&printit=0&x=0&y=0

YTM = 12.66%

8 0
3 years ago
Dave owns 15 shares of ABC mining stock. on monday the value of each shares rose $2 but on tuesday the value fell $5. what is th
IgorC [24]
First, the value of each share rose by 2. So we have +2.

Then it fell by 5. So we have
2 - 5 = -3

Each share has a net value of negative 3.
Dave owns 15 shares. So,
15 * (-3) = -45.
So, there is a net loss of $45.
8 0
3 years ago
What is the largest item on which the federal government spends the money it raises?
strojnjashka [21]
Answer: social security
8 0
3 years ago
Read 2 more answers
Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are
Igoryamba

Answer and Explanation:

Gross domestic product does not include the value of the stocks and bonds bought and sold because these sales and purchases are not economic

Investment and should be counted as production of final goods and services.

Gross domestic product (GDP) is the total amount of goods and services produced and consumed within the country

6 0
3 years ago
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