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3 years ago

The following data relate to direct labor costs for the current period:

Business

1 answer:

emmainna [20.7K]3 years ago

4 0

Answer:$2,125 unfavorable

Explanation:

Given

Standard costs 9,000 hours at $5.50

Actual costs 8,500 hours at $5.75

we have two formulas to calculate for direct labor rate variance is:

1ST ----Direct Labor rate variance = (Actual Rate- Standard Rate ) x Actual hour

=( $5.75 -$5.50) x 8,500 = $2,125 unfavorable

2ND----Direct Labor Rate Variance=Actual Direct Labor Cost Incurred - Standard Direct Labor Cost Based on Actual Hours

=Actual Hours x Actual Rate -Actual Hours x Standard Rate

= ($5.75 x 8,500 hours)-($5.50 x 8,500 hours)

$48,875 - $46,750 = $2,125 unfavorable

when the actual rate is higher than the standard rate, the Direct Labor Rate Variance is unfavorable and if the actual rate is lower than standard rate, the variance is favorable.

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Answer:

Significant noncash financing and investing activities.

Explanation:

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3 years ago

To an economist, utility refers to the______________.a. usefulness of a good or service.b. satisfaction that results from the co

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Answer:

The correct answer is letter "B": satisfaction that results from the consumption of a good.

Explanation:

Utility is referred to as the satisfaction or joy an individual perceives by consuming a good or service. The more the individual consumes that good the higher the satisfaction until a point where the joy starts to diminish and is eventually null. The concept of utility assumes individuals make rational decisions to maximize their benefits.

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3 years ago

Stephan owns a shirt factory. He sells each shirt for $50. Previously, he had 30 employees producing a total of 300 shirts daily

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Answer:

marginal revenue product = $2,500 for the 10 additional workers

Explanation:

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MRP = 50 shirts x $50 per shirt = $2,500

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3 years ago

When considering total depreciation recorded over the entire life span of an asset, the method resulting in the highest total de

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Answer: All three methods result in the same amount of total depreciation

Explanation:

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When considering total depreciation recorded over the entire life span of an asset, the method resulting in the highest total depreciation is the straight line method, the double declining balance method, and the activity method.

Therefore, option the answer will be that "all three methods result in the same amount of total depreciation". This is because the amount charged for depreciation can not exceed the cost involved and will be identical for the three methods

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3 years ago

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Answer:

The correct option is;

Buy low and sell high

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To "buy low and sell high" is a market strategy that involves the idea of buying stocks or goods or other financial instruments, when the market value is at the lowest, and sell when the prices are high or at their peak

That is a profit is made when traders buy stocks or goods at a price lower than they sell

The idea to buy low and sell high is aptly applied to stock market trading that have cycles of high and low prices. But it is also very much applicable to real estate and property, as these are more tangible items although they operate sometimes at a smaller scale.

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3 years ago