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
LiRa [457]
3 years ago
6

Waterway has a standard of 2 hours of labor per unit, at $12 per hour. In producing 3800 units, Waterway used 7350 hours of labo

r at a total cost of $89670. Waterway's labor quantity variance is
Business
1 answer:
Vadim26 [7]3 years ago
7 0

Answer:

Direct labor time (efficiency) variance= $3,000 favorable

Explanation:

Giving the following information:

Standard= 2 hours of labor per unit, at $12 per hour.

In producing 3800 units, Waterway used 7350 hours of labor.

<u>To calculate the direct labor quantity variance, we need to use the following formula:</u>

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

Standard quantity= 2*3,800= 7,600 hours

Direct labor time (efficiency) variance= (7,600 - 7,350)*12

Direct labor time (efficiency) variance= $3,000 favorable

You might be interested in
According to the video, what qualities do Loading Machine Operators need? Check all that apply.
dimulka [17.4K]

Answer:

B and C

Explanation:

Edge 2021

7 0
2 years ago
"A customer owns 1,000 shares of XYZZ stock, purchased at $40 per share. The stock is now at $45, and the customer has become ex
Alika [10]

Answer:

Sell 1,000 shares of XXYZZ and buy 10 XYZZ put contracts

Explanation:

In the stock markets a bullish trend is when the price of the stock increases, while a bearish market is when the stock price decreases.

In this scenario the customer owns 1,000 shares of stock XYZZ stock that have been in a bullish trend rising from $40 to $45.

Usually a bullish trend is followed by a bearish trend.

If the customer is sure there will be a bear on the stock them he should sell or make a put trade.

On sale of the 1,000 shares the customer will make $5 per share, and enter a put option since the market is going bearish.

7 0
3 years ago
What is a vision statement
FromTheMoon [43]
A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.
8 0
3 years ago
Read 2 more answers
You take a sample of rents of 182 apartments in San Francisco and find that the mean rent is $4000 per month and the standard de
dedylja [7]

Answer:

89%

Explanation:

according to Chebyshev's theorem, for any k > 1, at least [1 - (1/k^2)] of the data will lie within k standard deviations of the mean.Therefore, Chebyshev's theorem formula can be given as follows:

Chebyshev's theorem formula =  1 - (1/k^2) ...................... (1)

In order to fing k, we proceed as follows:

1. Subtract the mean of rents from the larger rent value,

That is, $7,000 - $4,000 = $3,000

2. Divide the difference of $3,000 above by the standard deviation to obtain k as follows:

k = $3,000 ÷ $1000 = 3

3. Substitute 3 for k in equation (1) as follows:

Chebyshev's theorem formula =  1 - (1/3^2)

                                                   = 1 - (1/9)

                                                    = 1 - 0.11

                                                    = 0.89

If we multiply 0.89 by 100, we have 89%.

Therefore, 89% of the rents in the sample will fall between $1000 and $7000 per month.

6 0
3 years ago
Read 2 more answers
Based on age segmentation of a target market, which group is at peak earning power but seeks to spend only on products that prov
sp2606 [1]

Answer:

The correct answer is generation X.

Explanation:

Generation X are at their peak earning power, but they don't feel the need to show off their wealth. Instead, they look for products that provide value for the money and good performance.

<em>This is evident in the topic 8.4 of the chapter 8 of Principles of Marketing.</em>

6 0
3 years ago
Other questions:
  • Step Up Ladders Company provides the following financial​ information: Income from operations ​$400,000 Interest expense ​47,000
    12·1 answer
  • In a task assignment situation, in how many different ways can five jobs be assigned to five machines if each job must be assign
    10·1 answer
  • A difference between strategic and tactical goals is that: a. strategic goals are more specific than tactical goals. b. strategi
    5·2 answers
  • What role does budget play and why exhibiting responsible money management behavior is important to reaching future financial go
    10·1 answer
  • What is the Disadvantage of fair trade?
    7·2 answers
  • A Machine makes 5 buttons at a time each doll shirt gets 5 buttons how many doll shirts can be finished with 5 buttons
    9·1 answer
  • A corporation must obtain shareholder approval before the company a. hires or fires a significant number of employees. b. expand
    9·1 answer
  • What are types of promotion.
    9·2 answers
  • What is the difference between reliability for quantitative research and reliability for qualitative research?
    12·1 answer
  • Before purchasing a chemical, one should ask if the chemical is commonly used. how does one know whether or not a chemical is co
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!