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
Damm [24]
4 years ago
8

At Jacobson Company, indirect labor is a variable cost that varies with direct labor-hours. Last month’s performance report show

ed that actual indirect labor cost totaled $5,780 for the month and that the associated spending variance was $245 Favorable. If 24,100 direct labor-hours were actually worked last month, then the flexible budget cost formula for indirect labor must be (per direct labor-hour):
Business
1 answer:
mezya [45]4 years ago
6 0

Answer:

Flexible budget cost formula for indirect labor is  $0.25 per DL hours

Explanation:

Flexible budget cost for indirect labor = Actual indirect labor cost + Associated spending variance

= $5,780 + $245

= $6,025

Flexible budget cost formula for indirect labor= Flexible budget cost for indirect labor / Direct labor-hours

= $6,025 / 24,100 DL hours

= $0.25 per DL hours

You might be interested in
What is the most important reason financial information is provided by the major regulatory agencies to investors, depositors, a
sergij07 [2.7K]

Answer:

d. to make informed decisions about Banks and their financial condition.

Explanation:

Financial regulatory agencies are saddled with the responsibility of providing financial supervision and regulations to Banks and financial institutions. They also maintain integrity in the financial system inorder to boost the confidence of investors, creditors, depositors and the general public.

However, one of the major reasons why financial information is provided by the regulatory agencies to investor, creditors and depositors is to make informed decisions about Banks and their financial conditions.

This means that various groups that have interest in Banks and financial institution are kept abreast of happenings in the financial sector of the economy and are able to know which bank and financial institution is healthy in terms of finances and to know where to invest subsequently.

3 0
3 years ago
Which of the following is not a characteristic of monopolistic competition? Firms are price takers. There are many buyers and se
Zepler [3.9K]

Answer:  

1) Companies are price takers. <u>It is not a characteristic of monopolistic competition. </u>

<u></u>

Explanation: In monopolistic competition, the products offered are characterized by differentiation and this differentiation gives companies market power,  to be able to decide when setting their prices and not be price takers.

6 0
4 years ago
8.Kline and Salomon form the KS Partnership as 50/50 partners. Kline contributes equipment that has a fair market value of $60,0
mojhsa [17]

Answer: $40,000

Explanation:

Kline brings in equipment that is worth $60,000 but has a basis of $45,000.

The equipment however is subject to a loan of $10,000.

This loan will have to be deducted from the basis. The partnership however is assuming the loan and Kline is only 50% liable in the partnership so Kline's basis will only be affected by half of the loan.

Basis = 45,000 - 5,000

= $40,000

5 0
3 years ago
an example of the frictionally unemployed is a(n): Group of answer choices geologist who is permanently laid off from an oil com
Anna35 [415]

Answer:

real estate agent who leaves a job in Texas and searches for a similar, higher paying job in California

Explanation:

Frictional unemployment occurs when Labour leaves his job in search of another one. It is the period between Labour leaves current employment and get another one.

geologist who is permanently laid off from an oil company due to a new technological advance is an example of structural unemployment

worker at a fast-food restaurant who quits work and attends college is am example of voluntary unemployment.

autoworker who is temporarily laid off because of a decline in sales is an example of cyclical unemployment.

I hope my answer helps you

8 0
3 years ago
Under which type of policy does the government reduce its expenditures and increase tax rates? A. contractionary monetary policy
zloy xaker [14]

Answer:

B. contractionary fiscal policy

Explanation:

The government influences economic direction through fiscal policy measures of increasing or decreasing its expenditure and taxation. Therefore, fiscal policies involve the government's actions of adjusting its spending and taxation to achieve desired economic objectives.

Fiscal policies can either be contractionary or expansionary. Contractionary measures are applied to control rising inflation and moderate the rate of growth. These policies aim at reducing liquidity in the market, thereby achieving stable prices. A reduction in government spending and an increase in taxation reduces liquidity or money circulation.

4 0
3 years ago
Other questions:
  • A system where economic decisions are made by individuals and are based on exchange or trade are known as _________ economies
    5·1 answer
  • Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $550,00
    14·2 answers
  • Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. Thebond
    14·1 answer
  • All of the following would be listed as surplus items on the U.S. balance of payments international accounts except
    10·1 answer
  • Jillian applied for the management position that opened up at her office but was told she didn't get the job because she had a d
    8·2 answers
  • A country that exports less than it imports will end up having to borrow money
    13·1 answer
  • Suppose country X currently does not produce widgets. Instead, it imports widgets from country Z. Then country X establishes a r
    7·1 answer
  • You have been asked to assist Emerald City in its response to increasing flooding. The National Weather Service (NWS) reports it
    7·1 answer
  • PLEASE HELP !!
    15·1 answer
  • Determine if each of the following plans are short term, long term, or operational.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!