Answer:
Inventory at the end of march will be 150
Explanation:
We have given inventory at the end of April = 200 units
Expected demand during April = 50 units
Production expected during April = 100 units
We have to find the inventory at the end of march
Inventory at the end of April is given by
Inventory at the end of April = production in april - demand in april + inventory of march
So 200 = 100 - 50 + inventory of march
So inventory of march = 150
Answer:
Direct labor time (efficiency) variance= $40,000 favorable
Explanation:
Giving the following information:
The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $20.
Last month, 18000 units were produced, and 88000 direct labor hours.
T<u>o calculate the direct labor quantity variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 18,000*5= 90,000
Direct labor time (efficiency) variance= (90,000 - 88,000)*20
Direct labor time (efficiency) variance= $40,000 favorable
Answer:
A single definable purpose, end-item or result. This is usually specified in terms of cost, schedule and performance requirements.
Every project is unique. It requires the doing of something different, something that was not done previously. Even in what are often called “routine” projects such as home construction, the variables such as terrain, access, zoning laws, labour market, public services and local utilities make each project different. A project is a one-time, once-off activity, never to be repeated exactly the same way again.
Projects are temporary activities. A project is an ad hoc organization of staff, material, equipment and facilities that is put together to accomplish a goal. This goal is within a specific time-frame. Once the goal is achieved, the organization created for it is disbanded or sometimes it is reconstituted to begin work on a new goal (project).
Answer:
a. A company's book value reflects the company's history of equity investment and retained earnings; a company's market value reflects investor's view of the company's future earning prospects.
Explanation:
The book value of a company is the residual equity and retained earnings after all liabilities paid. Market value is the view of investor's about the company and is what the company would be worth if it were to be sold.
Answer:
A) allows a facility to be very flexible and to respond to wide swings in the demands placed on it.
Explanation:
Excess capacity means when company have potential to process higher amount of product but still produce lower amount of product though the unit is designed work more and efficiently. you can produce more goods and also can sale it at lower prices, so that means it can fulfil demand flexibility.
