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Gelneren [198K]
3 years ago
10

Clark Company manufactures a product with a standard direct labor cost of two hours at $18.00 per hour. During July, 2,000 units

were produced using 4,200 hours at $18.30 per hour. The labor quantity variance was A) $3660 F B)$3600 U C)$2460 U D)$3660 U
Business
1 answer:
Butoxors [25]3 years ago
5 0

Answer:

The correct answer is B)$3600 U.

Explanation:

The labor quantity variance is difference between actual hours consumed to produce the product and standard hour that should be taken to produce the product. The detail calculation are given below.

labor quantity variance= Standard rate (Standard quantity - actual quantity)

                                       = 18 (4,000-4,200)

                                        = $ 3,600 un-favorable

Labor quantity variance is un-favorable. Which means more labor cost due to more labor hour comsumed.

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Answer:

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LTM, Inc. has an issue of preferred stock whose par value is $1,000. The preferred stock pays a 4.5% dividend. If investors requ
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Answer:

Explanation:

return on preferred stock (rp) = Dividend/ Current price

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Next, plug the numbers to the formula above to find Price;

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2 years ago
Which is an organizational unit that is useful for collecting and aggregating similar data on separate forms?
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Answer:

a.subforms

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2 years ago
Suppose that an issuing bank pays on documents that are conforming to the requirements of the letter of credit, but the seller h
AleksAgata [21]

Answer:

a) As long as the documents strictly comply with the letter of credit requirements, the bank will not have to reimburse the buyer

Explanation:

A letter of credit refers to the letter in which the bank is made a guarantee to pay the amount to a particular person by compiling the specific conditions during the exporting of goods

Since in the question, it is given that the seller has shipped the goods that are worthless i.e of no use for the buyer so in this case,  the bank would not reimburse the buyer.

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6 0
3 years ago
If the price elasticity of demand coefficient is 4, then:a. a price increase of 1% will reduce quantity demanded by 1/4%b. A pri
andrew11 [14]

Answer:

A price increase of 1% will reduce quantity demanded by 4%

Explanation:

If the price elasticity is 4 then, this demand is highly responsive to changes in price.

So it will decrease by more than the price increase.

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if the cofficient is 4 then a 1% increase in price:

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3 years ago
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