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Artemon [7]
3 years ago
5

Alkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours we

re 5 hours per plane. Its standard labor hours are 10 hours per plane. The standard labor rate is $8 per hour. At the end of November, Alkyl Fliers found that it had a favorable labor rate variance of $12,000. What was Alkyl Fliers' actual cost per labor hour
Business
1 answer:
aleksandrvk [35]3 years ago
5 0

Answer:

$108,000

Explanation:

Favorable rate variance arises when the actual cost is lower than the implied cost. Implied cost can be calculated by multiplying standard rate with actual hours.

Labor rate variance = Actual Labor cost - Implied Labour cost  

Favorable Labor rate variance = Implied Labour cost - Actual Labor cost

Favorable Labor rate variance = (Standard rate x Actual hours) - Actual Labor cost

$12,000 = ($8 x (5 x 3000)) - Actual Labor cost

$12,000 = ($8 x 15,000) - Actual Labor cost

$12,000 = $120,000 - Actual Labor cost

Actual Labor Cost = $120,000 - $12,000 = $108,000

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5 0
3 years ago
Goods that are excludable include both A. club goods and public goods. B. public goods and common resources. C. common resources
creativ13 [48]

The goods that are excludable are private goods and club goods. The correct answer to this question is option D.

The club goods are those goods that can be artificially scarce. These goods are non rival in nature but the excludability is quite high.

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2 years ago
McDonald's culture, with an emphasis on cleanliness, consistency, service, and the training that reinforces the value of these c
stellarik [79]

Option C

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<h3><u>Explanation:</u></h3>

Sustainable competitive advantages are business assets, properties, or skills that are hard to replicate or exceed; and render a higher or complimentary long term situation over competitors.  A company must produce distinct goals, plans, and methods to create a sustainable competitive advantage.

 It needs huge expenditure in time and money to create a brand. It demands very limitedly to destroy it. A good brand is precious because it prompts customers to favor the brand over competitors. A unique product or service increases customer support and is less suitable for a competitor to imitate.

6 0
3 years ago
What conditions make a market perfectly​ competitive? A market is perfectly competitive if A. it has many buyers and one​ firm,
DanielleElmas [232]

Answer:

E. It has many buyers and many sellers , all of whom are selling differentiated products , with no barriers to new firms entering the market.

Explanation:

A perfect market is a market where there are large number of buyers such that all participants are price takers hence cannot influence the price of commodities sold in such market.

In a perfect market, there are no barriers to entry and exit. This also means that new firms can enter the market. Here, the buyers are free to buy from any person and the sellers are free to sell to anyone. Differentiated products are also sold there.

8 0
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By doing so, the company is contributing to the global tragedy of the commons.

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The view that causes the Tragedy of Shared Ownership is the desire to gain a lot of profit for personal gain rather than distributing it to other humans and each getting a small share. This view will initially feel beneficial for those who use a lot of natural resources, but in the end the availability of natural resources will run out and actually have a negative impact on those who use them and for other humans. To prevent this, it takes a willingness to sacrifice by getting a little, but it will have a positive impact on the sustainability of the natural resources used.

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