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dybincka [34]
3 years ago
10

Information for Nighttime Company's direct labor cost for February is as follows: Actual direct labor hours 70,000 Total direct

labor payroll $ 497,000 Efficiency variance $ 7,260 F Rate variance $ 35,000 U What were the standard direct labor hours for February
Business
1 answer:
podryga [215]3 years ago
8 0

Answer:

71,100

Explanation:

The calculation of standard direct labor hours is shown below:-

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

$35,000 = ($497,000 ÷ 70,000 - Standard rate) × 70,000

(7.1 - Standard rate) = $0.5

= $6.6 per hour

= Labor variance efficiency = (70,000 - Standard hour) × $6.6 per hour

= -$7,260 = (70,000 - Standard hour) × $6.6 per hour

Standard hours = $70,000 + 1,100

= 71,100

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3 0
3 years ago
When the economy is in full employment, * 10 points A. unemployment is zero. B. only cyclical unemployment is zero. C. only fric
Rudik [331]

Answer:

c

Explanation:

Full employment is when available labour in an economy  are efficiently used. When there is full employment, cyclical unemployment is zero. There would still be frictional unemployment.

Frictional unemployment is unemployment that exists between the time a person leaves their current unemployment and get another job.

4 0
2 years ago
Limits on the quantity or total value of specific products imported to a nation are:_____.
GenaCL600 [577]

Limits on the quantity or total value of specific products imported to a nation are important quotas. Thus option A is correct.

An import quota is an NTB that places an instantaneous restriction on the amount of some goods that may be imported. An export quota may be a restriction on the quantity of products that may leave a rustic. The merchandise which may be imported during a given period usually for one year imposed by the govt to supply benefits to local producers.

  • Import quotas may be described because the fixation on the most quantity of any particular commodity imported therein country, usually implemented to safeguard domestic industries and vulnerable producers.
  • It protects countries’ domestic market from getting flooded with imported goods which are usually cheaper than the identical or similar goods produced by local players because of low cost within the overseas market or high level of efficiency, the expertise of the exporter party.
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Learn more about import quotas

brainly.com/question/2353154

8 0
2 years ago
When a swimming park owner charges $4.00 for admission, there is an average attendance of 100 people. For every $0.20 increase i
maks197457 [2]

Answer:

$490

Explanation:

Let xR be the revenue function

xR = (4 + 0.2(x))(100 - 2x) = 400 + 12x - 2x²/5

Maximum revenue occurs when xR = 0:

xR = 12 - 4x/5 = 0

x = 15

Admission price = 4 + (0.2*15) = 4 + 3 = $7

Max revenue = $7 * (100 - (15*2) = 7 *70  = $490

7 0
3 years ago
Keynesian theory is based on the concept that saving and consumption are influenced primarily by real current disposable income.
Sonbull [250]

Answer:

saving and consumption are influenced primarily by real current disposable income

Explanation:

keynesian economics is a known form of economics that is of demand-side in the sense that it encourages government action to increase and decrease demand and output.

Consumption is using ur money by spending it on new goods and services out of a household's current income.

While Saving is simply not eating up or the act of not consuming all of one's current income. Keynes argument was that the interest rate is not the most necessary factor in saving and consumption decisions. Rather, real saving and consumption decisions depend primarily on a household's real disposable income

4 0
3 years ago
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