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zubka84 [21]
4 years ago
6

Anemone Company produces picture frames. During the year, 200,000 picture frames were produced. Materials and labor standards fo

r producing the picture frames are as follows: Direct materials (2 pieces of wood @ $3) $6.00 Direct labor (2 hours @ $12) $24.00 Anemone purchased and used 600,000 pieces of wood at $4.00 each, and its actual labor hours were 320,000 hours at a wage rate of $13. What is Anemone's labor rate variance? a.$660,500 F b.$450,000 F c.$320,000 U d.$445,000 U
Business
1 answer:
Vsevolod [243]4 years ago
7 0

Answer:

Labour rate variance

= (Standard rate - Actual rate) x Actual hours worked

= ($12 - $13) x 320,000 hours

= $320,000(U)

The correct answer is C

Explanation:

Labour rate variance is the difference between standard labour rate and actual labour rate multiplied by actual labour hours worked.

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QUESTION 15 Following is Stanley Black & Decker’s income statement for 2016 (in millions): STANLEY BLACK & DECKER, INC.
kramer

Answer:

C. 37.4%

Explanation:

The computation of the gross profit margin is shown below:

Gross profit margin is

= Gross profit ÷ Sale revenue × 100

= $4,267.2 ÷ $11,406.90 × 100

= 37.4%

By dividing the gross profit by the sales revenue we can get the gross profit margin.

It is always expressed in a percentage form

All the other information which is given in the question is not relevant. Hence, ignored it

8 0
3 years ago
Why is a high-quality bond typically considered a lower-risk investment than a stock?
jasenka [17]
The answer is A.
There is risk involved in owning a stock, and many unknown variables. The value of the stock could plummet, putting your principal investment at risk. There is no guarantee of return on investment, and even well-established companies have had to cut dividends during difficult times.

In the case of bonds, you are guaranteed by the bond issuer that your principal and the agreed-upon interest will be paid at a defined time. Excluding the event of bankruptcy (and still likely in this case), you are virtually guaranteed that the entity will pay you according to the agreed-upon terms. For this reason, bonds are considered a much lower risk investment.

Why then, do many people choose to invest at least part of their portfolio in stocks? Stocks generally have a much high expected return, and many people consider this increased return worth the increased risk that with it. 
7 0
4 years ago
Read 2 more answers
How can a company economically benefit by producing green products?
Crank

Answer:

the correct answer is C. by earning tax benefits

Explanation:

it is a common practice in many countries to provide tax rebates, reliefs and even special lower tax rates for environmentally friendly green products and environmental friendly production processes. this is a main way a company can benefit by having a green business model.

3 0
3 years ago
Which professional draws maps and plans for projects involving structures other than buildings, such as bridges?
patriot [66]

Answer:

pretty sure its A

Explanation:

google said an architect and other people said A also Architects create designs for new construction projects, alterations and redevelopments. They use their specialist construction knowledge and high-level drawing skills to design buildings that are functional, safe, sustainable and aesthetically pleasing.

7 0
3 years ago
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The Ralston Company manufactures a special line of graphic tubing items. The company estimates it will sell 87,000 units of this
Sergeeva-Olga [200]

Answer:Production budget for 2020 =77,000 units

Explanation:

Production budget also referred to as manufacturing budget tells a business  the expected units needed to  be produced which depends on the sales budget in the inventories ( both closing and opening) so as to meet customers demand.  

Units produced =  Projected sales +  desired ending inventory –  beginning inventory

Units Produced/ Production budget for 2020 =87,000  +  22,000 - 32,000  

= 77,000 units

0

8 0
3 years ago
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