Answer:
Direct labor efficiency variance= $9,360 unfavorable
It is unfavorable because it took longer to produce 975 units than the standard time estimated.
Explanation:
Giving the following information:
Standard direct labor hour per unit= 7.2 hours
Standard rate= $13
Actual units= 975
Actual hours= 7,800
Actual rate= $12.44
<u>The direct labor time variance is also known as the direct labor efficiency variance. It calculates the effect on costs of the time required to produce the actual amount of units.</u>
We need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 975 units*7.20= 7,020 hours
Direct labor efficiency variance= (7,020 - 7,800)*12= $9,360 unfavorable
It is unfavorable because it took longer to produce 975 units than the standard time estimated.
Answer:
two main reasons for having a savings account:
- It can be used as a vacation fund.
- An account to pay cash for new things and cover repairs.
- Can be used as an emergency account.
Hope it helps!
Answer:
Honesty and sincerity build long-term partnering relationships with customers.
Explanation:
Answer:
Identify credit opportunities
Explanation:
The main goal of credit risk analysis is to identify the potential risks of lending out to a particular customer, whether it is a person or a firm.
In other words, is to identify whether a person or firm is credit worthy. From this concept of credit worhiness, we can affirm that the purpose of credit risk analysis is essentially to identify credit opportunities, since from the fact of finding out that a potential customer is credit worthy, a credit opportunity is created. (the loan is made to the credit worthy customer).
Answer:
Option B is correct one.
<u>$8,000 LTCG</u>
Explanation:
The company makes 2019 distributions to Tim of $8,000. Tim reports a(n) <u>$8,000 LTCG.</u>
It is held more than one year. LTCG will be the distribution over the stock basis. Here the stock basis is 0.