Solution :
Total labor variance = [(standard rate x standard hours) - (actual rate x actual hours)]
= [$11 x (1300 x 2)] - ($9.90 x 2340)
= $28600 - $23166
= $ 5434 unfavorable
Labor price variance = ( standard rate - actual rate) x actual hours
= ($11.00 - $9.90) x 2340
= $ 1.1 x 2340
= $2574 favorable
Labor quantity variance = standard x (standard hours - actual hours)
= $11.00 x [(1300 x 2) - 2340]
= $11.00 x (2600 - 2340)
= $11.00 x 260
= $2860 unfavorable
Answer and explanation:
Finance is the study of <em>banking, leverage, credit, capital markets, money, </em>and <em>investments</em> along with how they are used by individuals and companies. Many of the basic concepts in Finance come from Micro and Macroeconomic theories. One of the most fundamental theories is the time-value of money which essentially states that a dollar today is worth more than a dollar in the future.
When it comes to businesses, finance plays a key role because it determines how the project will be carried out in terms of money. Investors must come up with a plan not only for the expenditures incurred due to business activities but also to make a profit so the firm will have sustainability.
The answer is Cash Price Minus Down Payment
For Example if you want to Borrow $ 10,000 for Loan, and for that you have to pay for a $500 Down Payment.
The amount financed is 10,000 - 500 = $ 9,500
The correct answer is letter C, J<span>apanese banks pay interest on checking accounts. In Japan, banks are not willing to pay a high rate of interest. This is the reason why people who use their credit cards or other savings account they get charged extra for interest. </span>
In the context of a business where products and services are offered to customers, demand is created by the customers.
This is further explained below.
<h3>What are
customers?</h3>
Generally, In the context of a company that provides goods and services to consumers, the demand for such goods and services is generated by the customers themselves.
In conclusion, the Customer is the receiver of an item, service, product, or idea that was gained from a seller, vendor, or supplier through a financial transaction or exchange for money or some other valued consideration. The term "customer" is used in the contexts of sales, commerce, and economics.
Read more about customers
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