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In-s [12.5K]
3 years ago
6

he following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.0 hours S

tandard labor rate $ 15.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 8,100 hours Actual total labor cost $ 119,880 Actual output 800 units What is the labor rate variance for the month? Group of answer choices
Business
1 answer:
Arisa [49]3 years ago
4 0

Answer:

Direct labor rate variance= $2,430 favorable.

Explanation:

Giving the following information:

Standard labor rate $ 15.10 per hour

Actual hours worked 8,100 hours

Actual total labor cost $ 119,880

To calculate the direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 119,880/8,100= $14.8

Direct labor rate variance= (15.1 - 14.8)*8,100= $2,430 favorable.

<u>It is favorable because the actual rate for direct labor was lower than the estimated rate.</u>

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Harvey Corporation is studying a project that would have a ten-year life and would require a $450,000 investment in equipment wh
kakasveta [241]

Answer:

3 years

Explanation:

The formula to compute the payback period is shown below:

= Initial investment ÷ Net cash flow

where,  

Initial investment is $450,000

And, the net cash flow = annual net operating income + depreciation expenses

= $105,000 + $45,000

= $150,000

Now put these values to the above formula  

So, the value would equal to

= ($450,000) ÷ ($150,000)

= 3 years

8 0
3 years ago
A project costs $12,800 and is expected to provide a real cash inflow of $10,000 at the end of each of years 1 through 5. Calcul
Lemur [1.5K]

Answer:

Net Present Value = $28756.79

Explanation:

First we need find the real rate of interest

Real rate of interest = (Nominal rate of interest - Inflation rate )

Real Rate of interest = (10.76% - 4%)

Real of Interest = 6.76%

Now using stream of cash flows and discount the at 6.76%

0 -12800              1.000        

1 10000               0.937

2 10000               0.877

3 10000               0.822

4 10000               0.770

5 10000               0.721

Through multiplying discount value with cash flow we get the discounted value of cash flows.

0 -12800      x        1.000      = -12800  

1 10000       x       0.937      =     9370

2 10000       x        0.877     =     8770

3 10000       x        0.822     =    8220

4 10000       x        0.770      =   7700

5 10000       x        0.721       =  7210

Adding the discounted cash flows we get the value of Net present value and that is equal to $28756.79

6 0
3 years ago
The income elasticity of demand for peanut butter is 0.1. From this, we know that peanut butter is a(n) __________ because _____
musickatia [10]

Answer:

Option B:

inferior good; elasticity is negative

Explanation:

The income elasticity of demand is a measure of the rate at which a particular commodity is demanded, even after there is a change in the real income of the consumers.

It is a known fact that for inferior goods, once the real income of the consumers increases there is a higher tendency for them to switch to other premium commodities. Such goods are said to have a negative elasticity.

The income elasticity of demand can be calculated with this formula

percentage change in quantity demanded / percentage change in income.

If this gives a value that is less than 1, it means that the percentage change in the quantity of goods demanded is actually less than the percentage change in the income level of the consumers. Hence, the good is an inferior good. This is because when the consumers are earning more, they buy less of the product.

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3 years ago
The strength of the economy of singapore is based largely on its lack of corruption and generous government support for new busi
QveST [7]

Singapore really has only two neighbors:

  • Malaysia and
  • Indonesia.

It is politically correct to state that Malaysia and Singapore have a love-hate relationship. Malaysia's political leadership look down on Singapore.

<h3>How can Singapore be described?</h3>

Singapore, as a multicultural, multiethnic, multireligious secular meritocracy, is an insult to their Bumiputera policy's falsehood of Malay-based apartheid.

Malays and other races such as Ibans, Dayaks, Eurasians, and Kadazan are considered native races of Malaysia.

Despite having lived there for centuries, a Chinese or Indian is considered a "pendatang," or an immigrant, and is discriminated against.

It is to be noted that Singapore was compelled to leave Malaysia due to disputes, socioeconomic factors, and the inability of Lee Kuan Yew and Tunku Abdul Rahman to reach an agreement.

That kind of issue persists after half a century. Malay nationalist hardliners anticipated Singapore to fail without a hinterland and return to Malaysia, where they would accept their demands. That did not work out as planned.

Learn more about Singapore:
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#SPJ1

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Which type of malware could appear to be desirable to the user
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There are many types of malware disguise themselves as a free anti- virus program. I hope this helps! -eagle
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