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tatiyna
3 years ago
7

Elliott Corporation makes and sells a single product. Last period the company's labor rate variance was $14,400 U. During the pe

riod, the company worked 36,000 actual direct labor-hours at an actual cost of $338,400. The standard labor rate for the product in dollars per hour is:
Business
2 answers:
Art [367]3 years ago
6 0

Answer:

B. $9

Explanation:

Based on the scenario being described within the question it can be said that the  standard labor rate for the product in dollars per hour is that of $9. This can be calculated using by subtracting the labor rate variance from the actual cost, and then dividing that amount by the actual-direct labor hours as so...

$338,400 - 14,400 = 324,000

AH X SR = 324,000/36,000 = $9

Making the total dollars per hour $9

N76 [4]3 years ago
3 0

Answer:

$9.00

Explanation:

Actual rate is calculated as

Direct labour cost ÷ Direct labour hours

= $338,400 ÷ 36,000 = $9.40

rate of labour variance = Actual hours × (Actual rate − Standard rate) $14,400 = 36,000 × ($9.40 − Standard rate) Standard rate = $9.00

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You have the following information
stira [4]

Answer:

$50

Explanation:

Net income will be the difference between the selling price and the Cost price.

Cost price is $1000

net profit margin is 5%, selling price will be

=$1000 + profit margin

= $1000 + (5/100 x 1000)

=$1000 + $50

=$1050

Net income = $1050 -$50

=$50

3 0
3 years ago
A homeowner paid $85,000 for a house three years ago. The house sells today for $110,000. How much has the property appreciated?
Dima020 [189]

Answer:

Option (a) is correct.

Explanation:

Amount paid for house three years ago = $85,000

Selling price of house today = $110,000

Therefore,

Property appreciated by following percentage:

= (change in value ÷ Amount paid for house three years ago) × 100

= [($110,000 - $85,000) ÷ $85,000] × 100

= ($25,000 ÷ $85,000) × 100

= 0.2941 × 100

= 29.41%

6 0
4 years ago
Wally Corporation acquired 70 percent of the common shares and 60 percent of the preferred shares of Safety Corporation at under
Alika [10]

Answer:

$80,000

Explanation:

The entire amount of net income of $80,000 Safety by First for the year 2006 will be considered as a part of the consolidated income and will get distributed between controlling and non-controlling interest in the relevant proportion.

3 0
3 years ago
Working for a very large organization in the tractor manufacturing industry, John always heard complaints from customers about t
Ksju [112]

Answer:

The correct answer is letter "C": Work experience.

Explanation:

People's work experience allows them to obtain knowledge in the fields they developed their careers in. There are many cases in which individuals start working n large entities to have an idea of how certain business is handled to then start their own companies confident that the knowledge acquired will be enough to run the organization.

In John's case, <em>thanks to the complaints he heard while he was acquiring work experience in a tractor manufacturing company, he was able to open his own business to resolve the common issues he was already aware of.</em>

3 0
3 years ago
You own a stock portfolio invested 25 percent in Stock Q, 20 percent in Stock R, 20 percent in Stock S, and 35 percent in Stock
zheka24 [161]

Answer:

The portfolio beta is 1.2

Explanation:

Portfolio Beta is the average bet of the all investments in portfolio. This beta is calculated on the basis of weightage of each investment in the portfolio.

Portfolio Beta = ( Beta of Stock Q x Weightage of Stock Q ) + ( Beta of Stock R x Weightage of Stock R ) + ( Beta of Stock S x Weightage of Stock S ) + ( Beta of Stock T x Weightage of Stock T )

Portfolio Beta = ( 0.69 x 25% ) + ( 1.76 x 20% ) + ( 1.61 x 20% ) + ( 1.02 x 35% )

Portfolio Beta = 0.1725 + 0.352 + 0.322 + 0.357 = 1.2035

8 0
3 years ago
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