1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Candy or cookies? i want to know
frozen [14]

Answer:

Candy

Explanation:

FOLLOW MY ACCOUNT PLS PLS

3 0
3 years ago
If the fed undertakes expansionary monetary policy, it can return the economy to its original unemployment rate but the inflatio
prohojiy [21]

TRUE, If the fed undertakes expansionary monetary policy, it can return the economy to its original unemployment rate but the inflation rate will be higher.

Monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates, and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth and liquidity.

Monetary policy refers to the measures taken by a country's central bank to control the money supply in order to stabilize the economy. For example, policymakers manipulate the money supply to increase employment, GDP, and price stability using instruments such as interest rates, reserves, and bonds.

Learn more about monetary policy here:brainly.com/question/13926715

#SPJ4

3 0
2 years ago
Customers are likely to be more price sensitive when
Murljashka [212]
They dont see the end benefit

Not 100% on this one
4 0
3 years ago
Cruella Inc. owns 85% of Horace Co. During 20X9, Cruella sells goods to Horace with a 25% gross profit. Horace sold all of these
vovangra [49]

Answer:

Option A is the correct answer,no adjustment is needed.

Explanation:

When related companies sell to each other,the sales transaction is not sales in actual sense,as it is likened to the left hand of an individual exchanging cash with the right hand,in other words, the cash is still owned by the same person.

The same concept is applicable to subsidiaries and parent,the sales recorded from a group perspective is when they sold to external third parties.

When sales happen between related companies, a provision for unrealized profits has to be made to the tune of inventory purchased from related companies  not yet sold externally,as the whole of the goods have been to third parties, no such provision or adjustment is required.

4 0
3 years ago
Read 2 more answers
The price of notebooks is $5, and at that price consumers demand 12 notebooks. If the price rises to $7, consumers will decrease
Vitek1552 [10]

Answer:

3

Explanation:

We are asked to use the midpoint formula.

Here, instead of dividing the change in values by the old value as in the normal elasticity calculation, we use the average of the two.

Mathematically:

Price elasticity of demand according to midpoint formula is :

{Q2 - Q1 / (Q2 + Q1) ÷ 2] × 100%} ÷ {[P2 - P1/ (P2 + P1) ÷ 2] × 100}

Price changed from 5 to 7. The midpoint of 5 and 7 is the average = (5+7)/2 = 6

% change in price in this case is (7-5)/6 * 100 = 100/3 = 33.33%

% change in quantity:

We first find the average = (12+4)/2 = 16/2 = 8

% change = (4-12)/8 * 100 = -100%

The elasticity of demand is thus -100/33.33 = 3

7 0
3 years ago
Other questions:
  • Bond P is a premium bond with a coupon rate of 9.2 percent. Bond D is a discount bond with a coupon rate of 5.2 percent. Both bo
    6·1 answer
  • You have just won the lottery and will receive $460,000 in one year. You will receive payments for 27 years, and the payments wi
    5·1 answer
  • Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step in the budgeting process is to prepa
    13·1 answer
  • ASAP! Giving brainliest for CORRECT awnser.
    15·2 answers
  • Just want to say thank you to everyone on this app thanks to you i passed 7th grade and i know i could not of do it with out you
    14·1 answer
  • Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.
    11·1 answer
  • Following is the stockholders’ equity section of the balance sheet for The Procter & Gamble Company along with selected earn
    8·1 answer
  • Tigger was terminated from the local ice cream shop as the staff manager. He did not manage by example including being rude to c
    9·1 answer
  • A start-up chemical company has an average cost of capital of 15% per year. Additionally, it has a long-term goal of making at l
    5·1 answer
  • Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does no
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!