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3 years ago

Ravena Labs., Inc. makes a single product which has the following standards:

Business

1 answer:

slega [8]3 years ago

8 0

Answer:

Direct labor time (efficiency) variance= $4,375 unfavorable

Explanation:

Giving the following information:

Standard

Direct labor...........................................1.4 hours at $12.50 per hour

Direct labor-hours worked: 5,600 hours for $67,200.

units produced= 3,750

To calculate the direct labor efficiency variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

standard quantity= 1.4*3,750= 5,250

Direct labor time (efficiency) variance= (5,250 - 5,600)*12.5

Direct labor time (efficiency) variance= $4,375 unfavorable

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Which of the following is the best example of causation (versus correlation)? A. Women's skirts get shorter and the stock mark

slavikrds [6]

Answer:

Explanation:

We are analizing events that are dependant. Cause and effect.

So let's analize the statements.

A. Not related at all. No cause and effect. Can happen together, but not related.

B. Gasoline is a derivative of oil. If oil prices go up, gasoline prices go up.

C. Not related at all. No cause and effect. Can happen together, but not related.

D. Not related at all. No cause and effect. Can happen together, but not related.

3 0

3 years ago

Ernesto owns a house painting company. Total sales for the past year were $75,000. His bills for running the business were $30,0

pentagon [3]

Answer:

Accounting profit = $45,000

Economic profit = $5,000

Explanation:

The computation of accounting profit and economic profit is shown below:-

Accounting profit = Sales - External expenses

= $75,000 - $30,000

= $45,000

Economic profit = Accounting profit - Implicit cost

= $45,000 - $40,000

= $5,000

Therefore for computing the accounting profit and economic profit we simply applied the above formula so that each one could arrive

7 0

3 years ago

The Federal Reserve System performs many functions, but its most important one is

oksian1 [2.3K]

Answer:

b. controlling the money supply.

Explanation:

The main function of the federal reserve is to control the money supply. This is accomplished through expansionary or contractionary monetary policies, in which the Federal Reserve influences the amount of economy in the economy by controlling its supply. An open marketing policy, ie selling and buying securities, for example, is used to control the amount of currency in the economy.

8 0

3 years ago

Street Company's fixed expenses total $150,000, its contribution margin ratio is 40% and its selling price per unit is $11.25. B

pickupchik [31]

Answer:

Break-even point in units= 33,333.33 units

Explanation:

<em>The break-even point (BEP) is the quantity of each product to be sold such that the business makes no profit or loss. </em>

The beak-even point can be determined as follows:

The Break-even point in sales = Total general fixed cost / Contribution per unit margin

Contribution per unit = Contribution margin ration × selling price

= 40%×11.25 =4.5

The break-even point (in unit) = 150,000/ 4.5 =33,333.33

break-even point in units= 33,333.33 units

3 0

3 years ago

Kaspar Industries expects credit sales for January, February, and March to be $202,100, $264,200, and $319,300, respectively. It

Wittaler [7]

Answer:

January $151,575

February $248,675

March $305,525

Explanation:

The computation of the cash collections is shown below:

January month

= January credit sales × month of sale collection percentage

= $202,100 × 75%

= $151,575

February month

= January credit sales × following month collection percentage + February credit sales × month of sale collection percentage

= $202,100 × 25% + $264,200 × 75%

= $50,525 + $198,150

= $248,675

March month

= February credit sales × following month collection percentage + February credit sales × month of sale collection percentage

= $264,200 × 25%+ $319,300 × 75%

= $66,050 + $239,475

= $305,525

3 0

3 years ago