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Valentin [98]
3 years ago
5

Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct m

aterials 3.5grams$1.00per gram Direct labor 0.7hours$11.00per hour Variable overhead 0.7hours$2.00per hour The company reported the following results concerning this product in July. Actual output 3,000units Raw materials used in production 11,370grams Actual direct labor-hours 1,910hours Purchases of raw materials 12,100grams Actual price of raw materials purchased$1.20per gram Actual direct labor rate$11.40per hour Actual variable overhead rate$2.10per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for July is:
Business
1 answer:
vladimir2022 [97]3 years ago
3 0

Answer:

$2,090 Favourable

Explanation:

According to the given situation, the computation of labor efficiency variance for July is shown below:-

Labor efficiency variance = Standard rate × (Standard hours - Actual hours)

= $11 × ((0.7 × 3,000) - 1,910)

= $11 × 190

= $2,090 Favourable

Therefore for computing the labor efficiency variance for July we simply applied the above formula.

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Suppose that the risk-free interest rate is 10% per annum with continuous compounding and that the dividend yield on a stock ind
Tasya [4]

Answer:

See Below

Explanation:

We can use the future price formula here, which is:

F=Pe^{(r_f-d_y)*\frac{n}{12}}

Where

F is the theoretical future price

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d_y is the dividend yield

n is the number of months of the futures deliverable

Now,

given

P = 395

r_f = 0.1

d_y = 0.03

n = 3

Substituting, we get:

F=Pe^{(r_f-d_y)*\frac{n}{12}}\\F=(395)e^{(0.1-0.03)*\frac{3}{12}}\\F=(395)e^{0.0175}\\F=401.97

Actual future price is 404. The index future price is higher. So the strategy would be to sell the futures contracts. Long the shares underlying the index.

4 0
3 years ago
A category of data such as a customer's name, city, state, or phone number is called a?
GalinKa [24]

A category of data such as a customer's name, city, state, or phone number is called a field.

<h3>What is a field in data organization?</h3>

Field can be regarded as the smallest unit of data organization,  which contains a specific category of data , and these data could be  customer's name, city, state or phone number.

Hence, A category of data such as a customer's name, city, state, or phone number is called a field.

Learn more about data organization on:

brainly.com/question/21428222

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5 0
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) The typical family on the Planet Econ consumes 10 pizzas, 7 pairs of jeans, and 20 gallons of milk. In 2016, pizzas cost $10 e
Verdich [7]

Answer: um... Imma say 6 i guess i don't really know

Explanation:

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True of False: You can reduce impulse buying by doing research before each purchase.
shtirl [24]

Answer:

true

Explanation:

7 0
3 years ago
14. Resources minus capital equals:<br>A Assets<br>B. Liabilities<br>C. revenues<br>D. Equity​
Yanka [14]
B I hope this helps
3 0
3 years ago
Read 2 more answers
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