Producers are driven by

The town of Marble Falls has 10 workers, of which 8 were employed and 2 were actively seeking work. After many months of seeking

natita [175]

Answer:

A) 0%

Explanation:

The unemployment rate in the town of Marble Falls refers to the portion of the active population which is not employed

Initially, there were 2 people actively searching for means of livelihood, six weeks down the line, they lost interest in job search, which means that by then, they were no longer in the unemployed category since they have stopped looking for job opportunities.

In essence, when the 2 people left the unemployed category, no one was left, which translated into the unemployment rate for the town of Marble Falls

5 0

3 years ago

Check my work Check My Work button is now enabled 1 Item 3 Item 3 2.5 points Becton Labs, Inc., produces various chemical compou

morpeh [17]

Complete table :

Standard Standard Standard

Quantity Price(or rate) Cost

Direct Materials 2.60 ounces $20.00 per ounce $ 52.00

Direct labor 0.60 hours $16.00 per hours 9.60

Variable manuf 0.60 hours $4.50 per hour 2.70

-acturing Overhead

Total standard cost per unit $64.30

Required:

1) For direct materials:

a) compute the price and quantity variances

b) The materials were purchased from a new supplier who is anxious to enter into a long - term purchase contract, would you recommend that the company sign the contract?

2) For direct labor:

a) Compute the rate and efficiency variances

b) In the past 23 technicians employed in the production of Fludex consists of 4 senior technicians and 19 assistants. During November, the company experimented with fewer senior technicians and more assistants to reduce labor costs, would you recommend that the new labor mix be continued?

3) compute the variable overhead rate and efficiency variances

Answer:

Check below for answer

Explanation:

1a) Standard quantity of material for actual production(SQ) = 3600*2.60 = 9360 ounce

Actual quantity of material purchased = 13000 ounce

Actual quantity of material used(AQ) = 13000 - 3300 = 9700 ounce

Standard price of material(SP) = $20 per ounce

Actual price of material(AP) = $244,400 / 13000 = $18.80

Material price variance = (SP - AP) * AQ purchased = ($20 - $18.80) * 13000 = $15,600 F

Material quantity variance = (AQ - SQ) * SP = (9700 - 9360) * $20 = $6800 U

2a) Standard hours of direct labor = 3600*0.6 = 2160 hours

Standard rate of direct labor(SR) = $16 per hour

Actual hours of direct labor(AH) = 20*150 = 3000 hours

Actual rate of direct labor(AR) = $14 per hour

Direct labor rate variance = (SR - AR) * AH = ($16 - $14) * 3000 = $7,000 F

Direct labor efficiency variance = (AH - SH) * SR = (3000 - 2160) * $16 = $13,440U

2b) If more assistants rather senior technicians are employed, favorable direct labor rate variance will improve but efficiency variance will be unfavorable. Since unfavorable efficiency variance is higher than favorable rate variance, the new labor mix should not be continued.

3) Standard hours of direct labor = 2160 hours

Standard rate of variable overhead= $4.50 per hour

Actual hours of direct labor = 3000

Actual rate of variable overhead = $6500 / 3000 = $2.17 per hour

Variable overhead rate variance = (SR - AR) * AH = ($4.50 - $2.17) * 3000 = 6990 F

Variable overhead efficiency variance = (SH - AH) * SR = (2160 - 3000) * $4.50 = $186.67 U

3 0

3 years ago

The most recent financial statements for Hornick, Inc., are shown here (assuming no income taxes): Income Statement Balance Shee

iren2701 [21]

Answer:

The external financing needed is $248.50

Explanation:

For computing the external financing needed, first we have to find out the increase percentage of sales which is shown below:

As the given sales is $8,300 and projected sales is $9,545

So, the increase in percentage = (Projected sales - given sales) ÷ given sales × 100

= ($9,545 - $8,300) ÷ 8,300 × 100

= 15%

Now the projected net income equals to

= Projected sales - projected cost

= $9,545 - $6,313.50

= $3,231.50

The projected cost is computed below

= Cost + (cost × increase in percentage of sales)

= ($5,490 + $5,490 × 15%)

= $6,313.50

It is given that the assets and costs are proportional to sales,

So, the new asset value is = Assets + Assets × increase percentage of sales

= $23,200 + $23,200 × 15%

= $23,200 + $3,480

= $26,680

And, the equity value = Equity + net income

= $14,200 + $3,231.50

= $17,431.50

Plus, the debt is $9,000

The liabilities side = $17,431.50 + $9,000 = $26,431.50

So, the difference would be

= Asset - Liabilities

= $26,680 - $26,431.50

= $248.50

8 0

3 years ago

According to the FASB’s conceptual framework, the quality of information that enables users to identify similarities in and diff

ehidna [41]

Answer:

A) Comparability.

Explanation:

According to FASB, the objective of financial reporting is to provide information that is useful to existing and potential investors or creditors. One of the main uses given to financial reports is comparing one business to another. In order for the reports to be comparable, they must follow strict standards and be properly prepared.

If the reports aren't comparable, they use is extremely limited, since how else can you decide if investing in company A is a better idea than investing in company B. Comparability applies even to the same company, since you must be able to compare the financial results of different years in order to evaluate the performance of the company.

6 0

4 years ago

Courtney invested in RAD, Inc. stock nine months ago. She is considering tax planning strategies at the end of the year and is p

Novosadov [1.4K]

The valid reason for selling the stock now is that the -Courtney is concerned that the value of the stock will decline in the near future.

Explanation:

Courtney has invested in RAD, Inc. stock nine months back .Now she is considering tax planning strategies at the end of the year and is pondering whether or not to sell her investment in the stock.

A friend has advised Courtney that she should hold the stock for at least three more months in order to have a long-term holding period. but the consideration of Courtney that the value of the stock will decline in the near future is the reasons why she was to sell the stock at the earliest despite taking her friends advice

7 0

3 years ago