Answer: a) unfavorable direct labor price (rate) variance of $2,085.
Explanation:
The purpose of calculating variance is to see if a company is being efficient in it's production of goods and services or in it's general affairs. The variance is calculated by subtracting the actual amount that was used to do something from it's budgeted amount.
If the actual amount is higher then the Variance is said to be Unfavourable. The reverse holds true.
Calculating the Direct Labor price (rate) Variance will give us,
Direct Labor Price (rate) Variance = (Actual Price - Standard price)*Actual Hour
NB - Figures are given for 30 minutes so need to be converted.
Direct Labor Price (rate) Variance = (111,285/9,100 *2 - 115,200/9,600 * 2 ) * 9100/2
= $2,085
Actual Price (rate) variance was higher than Standard Price (rate) variance which led to an Unfavourable balance of $2,085
Answer:
Cash shorting = 36,010 - 36,006 = $4
DR Cash $36,006
Cash Short and Over $ 4
CR Sales $36,010
There is a shortage of cash as the sales figure is more than the cash amount. The Cash Short and Over account will therefore be debited to reflect this expense.
Answer:
$115,643
Explanation:
The condo is now valued at $500,000
--> Future value (FV) of the condo in 5 years in 500,000 x 1.08^5 = $734,664
n = 5 years
i/r = 12%
Present value (PV) of the deposit now = 0 (no deposit has been made)
PMT (Amount of annual deposit need to be made) = ?
In order to find PMT, we need to input all the above info into financial calculator.
PMT = $115,643
True, integrated business choices that recognize trade-offs in a shifting business landscape often lead to positive economic outcomes because the goal of integrated business planning (IBP) is to link the planning activities of all departments within an organization in order to match operations and strategy with financial performance.
<h3>
Integrated Business Planning: What Is It?</h3>
Integrated business planning [IBP] appears to be a procedure for coordinating a company's financial, supply chain, product development, marketing, and other operational goals with those goals. Consider companies that provide cars with parts and must continually adapt their operations to account for design changes, or consider food producers who operate on razor-thin margins and must manage both erratic supply chains and volatile consumer tastes.
When there is a delay, a rival is ready to take that business. Keep customers by moving rapidly but haphazardly, but at the penalty of greater cost of goods sold (COGS) and worse profitability.
To known more about 'Integrated business planning', visit :brainly.com/question/24182938
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