1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Simora [160]
3 years ago
11

When auto manufacturer BMW purchased the RollsminusRoyce brand​ name, BMW had to hire and train a new staff of assembly workers.

The new workers were paid $ 23.00 per​ hour, worked a total of 7 comma 000 ​hours, and produced 1 comma 600 cars. BMW budgeted for a standard labor rate of $ 28.00 per hour and 3.25 direct labor hours per car. What is the direct labor efficiency variance for the RollsminusRoyce ​division? A. $ 50 comma 400 favorable B. $ 50 comma 400 unfavorable C. $ 41 comma 400 unfavorable D. $ 41 comma 400 favorable Click to select your answer.
Business
1 answer:
lord [1]3 years ago
7 0

Answer:

B. $ 50 comma 400 unfavorable

Explanation:

The formula to compute the labor efficiency variance is shown below:

= Standard labor rate ×  (Standard hours for actual output - Actual hours)

where,

Standard labor rate is $28

Standard hours for actual output would be

= 1,600 cars × 3.25 direct labor hours per car

= 5,200 hours

And, the actual hour is 7,000 hours

Now put these values to the above formula  

So, the value would equal to

= $28 × (5,200 hours - 7,000 hours)

= $50,400 unfavorable

You might be interested in
Using the data set below, what would be the forecast for period 5 using the exponential smoothing method? Assume the forecast fo
elena55 [62]

Answer:

The answer is C: 14300

Note: The actual answer is 14296, <em>and </em>the closest to that was option C.

Explanation:

Formula to calculate forecast using Exponential smoothing:

  •    F_{t} = F_{t-1} + \alpha ( A_{t-1} - F_{t-1} )

Where,

  • F_{t} = New Forecast
  • F_{t-1} = Previous period's forecast.
  • \alpha = Smoothing Constant
  • A_{t-1} = Previous period's Actual Demand.
  1. Calculating the forecast for period 5:

Data:

  • F_{5} = ?
  • F_{t-1} = 14000
  • \alpha = 0.4
  • A_{t-1} = 14750

Putting <em>values in the formula:</em>

F_{5} = 14000 + 0.4(14750-14000)

F_{5} = 14000 + 0.4 (740)

F_{5} = 14000 + 296

F_{5} = 14296

4 0
3 years ago
The cost of perpetual preferred stock is found as the preferred's annual dividend divided by the market price of the preferred s
VikaD [51]
Answer: A


Preferred share dividends are distributions of profits and not interest payments. Thus not tax-deductible.
5 0
3 years ago
What is an important part of taking meeting minutes?
Makovka662 [10]
An important part of taking meeting minutes is C. PAYING CLOSE AND CAREFUL ATTENTION.

A meeting minutes can be described as a log of chronological event within the meeting. It is a log wherein everything that happened during the meeting is noted. Like who led the meeting, the topics discussed, the questions raised and the answers given. It also records the plans for future discussions and resolutions reached during the meeting.
3 0
3 years ago
You invested $30,000 in BOA, $20,000 in Best Buy, and $50,000 in Harley-Davidson for your portfolio. Betas are 1.8, 1.05 and 1.5
steposvetlana [31]

Answer:

Beta= 1.5

Explanation:

<u>First, we need to calculate the proportional investment of each asset:</u>

Total investment= $100,000

BOA= 30,000/100,000= 0.3

Best Buy= 20,000/100,000= 0.2

Harley-Davidson= 50,000/100,000= 0.5

<u>To calculate the beta of the portfolio, we need to use the following formula:</u>

Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)...

Beta= (0.3*1.8) + (0.2*1.05) + (0.5*1.5)

Beta= 1.5

4 0
2 years ago
You are a recent college graduate who has just landed your first job. The company that hired you has
Alex73 [517]
Well 50% of 50,000 is 25,000 so I’d say make sure your cars don’t go above 15,000 a Year cause Car(s)
5 0
3 years ago
Other questions:
  • Buying a new leather belt for which of these reasons is most likely a sound financial decision?
    6·2 answers
  • How long a company holds inventory before selling it can be measured by dividing cost of goods sold by the average inventory bal
    5·1 answer
  • Sales to customers who use bank credit cards, such as MasterCard and Visa, are generally treated as a. cash sales b. sales retur
    5·1 answer
  • In 2017, if the PPP per capita of China was $16,760 and the PPP per capita of the United States was $60,200, this means that the
    6·1 answer
  • There are three economy situations and two stocks Information is as follows Economy Stock A Stock B Booming 0.3 10 20 Neutral 0.
    8·1 answer
  • g The Esposito Import Company had 1 million shares of common stock outstanding during 2021. Its income statement reported the fo
    7·1 answer
  • England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweate
    14·1 answer
  • Stock X has a standard deviation of return of 10%. Stock Y has a standard deviation of return of 20%. The correlation coefficien
    7·1 answer
  • Sean and Jenny own a home in Boulder City, Nevada, near Lake Mead. During the year, they rented the house for 40 days for $3,000
    13·1 answer
  • apricot corporation has 11000 shares of 11%, $110 par noncumulative preferred stock outstanding and 26000 shares of no par commo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!