Answer:
Instructions are below.
Explanation:
Giving the following information:
<u>We weren't provided with enough information to solve the requirement. But, I will provide an example and the formula to guide an answer.</u>
For example:
Standard rate per hour= $15
Actual hours worked 8,100 hours
Actual total labor cost $119,880
<u>To calculate the direct labor rate variance, we need to use the following formula:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 119,880/8,100= $14.8
Direct labor rate variance= (15 - 14.8)*8,100
Direct labor rate variance= $1,620 favorable
The capital expenditure based on the information given is justified.
<h3>How to illustrate the information?</h3>
It should be noted that capital expenditure are the expenditure that are used to create revenue for the company.
Every company in the world needs to improve its existing products and introduce new products. Therefore, marketing and RnD expenditure will they continue to be a dominant player in the industry. Therefore, capital expenditure is justified
One of the ways to improve fixed cost is to have strict control over costs, identify and remove unnecessary costs from the system. Also, one can reduce the number of salaried employees on staff and then shop around for lower insurance premiums.
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Answer:
$168,841
.2
Explanation:
Equivalent unit of material = Units transferred + Units in ending work × Material percentage
= 6,600 + (2,300 × 70%)
= 8,210
Equivalent unit of conversion = Units transferred + Units in ending work × conversion percentage
6,600 + (2,300 × 55%)
= 7,865
Cost per equivalent unit of material = (Beginning Materials costs + Materials costs during the months) ÷ Equivalent unit of material
= ($7,900 + $111,000) ÷ 8,210
= $14.482
Cost per equivalent unit of conversion = (Beginning Conversion costs + Conversion costs added during the month) ÷ Equivalent unit of conversion
= ($3,200 + $84,100) ÷ 7,865
= $11.100
Cost of unit transferred out = Cost per equivalent unit of material + Cost per equivalent unit of conversion × Units transferred
($14.482 + $11.10) × 6,600
= $168,841
.2
Therefore the correct answer is $168,841
.2 and in the given question the option is not available.
Answer:
The journal entry would be:
Explanation:
Note: Options are missing so providing the journal entry.
The journal entry would be for recording the collection of the note is:
October 30
Cash A/c.........................Dr $10,150
Interest Revenue A/c.........Cr $150
Notes Receivable A/c.........Cr $10,000
On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a notes Receivable of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.
If you are offered 2 fish for every 1 coconut by the Island's delegate then you will reject it because it cost more than 2 fish to make one coconut.
<h3>What should you do about the island delegate's offer?</h3>
In order to make one coconut, the number of fish that you give up are:
= 1500 / 500
= 3 fish
The Island's delegate is therefore offering you less fish than what it costs to produce a coconut so you should reject the offer.
First part of question is:
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You are the Minister of Trade for a small island country in the South Pacific with the annual production possibilities curve depicted below on the left. You are negotiating a deal with a neighboring island that has the annual PPC depicted below on the right:
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