Answer:
the labor rate variance is $4,050 unfavorable
Explanation:
The computation of the labor rate variance is shown below:
= Actual hours × (standard rate - actual rate)
= 4,500 hours × ($19 per hour - $19.90 per hour)
= $4,050 unfavorable
Hence, the labor rate variance is $4,050 unfavorable
Answer:
Refers to the ability of a person to act out of his own free will and self-determination. This means that a person may decide to act or not to act, and these decisions are made out of his own free will. also means that a person may act even if he is not required or called to take action.
Explanation:
These countries can gain from trade because norway has an absolute advantage producing fish oil.
The value of foreign goods purchased exceeded the value of goods sold to foreigners during the current year.
Answer:
Razor Corporation
The annual dividend to the preferred stockholders is:
= $8 per share
Explanation:
a) Data and Calculations:
Cost of preferred stock = 8%
Selling price per preferred stock = $100
Annual dividend to the preferred stock = $100 * 8% = $8 per share
b) The $8 per share annual dividend of Razor's preferred stock dividend is computed by applying the fixed percentage to the preferred stock's total par value. In the above case, it is assumed that the par value or nominal value of the stock is $100. The cost of selling or issuing the stock is not factored when calculating the dividend.