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skelet666 [1.2K]
3 years ago
13

The following data pertain to operations concerning the product for the last month: Actual hours worked 8,100 hours Actual total

labor cost $119,880 Actual output 800 units What is the labor rate variance for the month?
Business
1 answer:
choli [55]3 years ago
8 0

Answer:

Instructions are below.

Explanation:

Giving the following information:

<u>We weren't provided with enough information to solve the requirement. But, I will provide an example and the formula to guide an answer.</u>

For example:

Standard rate per hour= $15

Actual hours worked 8,100 hours

Actual total labor cost $119,880

<u>To calculate the direct labor rate variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 119,880/8,100= $14.8

Direct labor rate variance= (15 - 14.8)*8,100

Direct labor rate variance= $1,620 favorable

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Anit [1.1K]

Answer:

The correct answer is option A.

Explanation:

Monopolistic competition is a market structure where there is a large number of producers selling differentiated products. These firms are price makers. There is very low or no restriction on the entry and exit of new firms.  

Positive economic profits earned by the existing firms will attract potential firms to enter the market. When new firms enter, it increases the supply in the market.  

This causes the price and market share of existing firms to decline. As the individual demand curves of the existing firms shift to the left, their profits will increase as well.

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The maximum amount of interest payable that may be included on the balance sheet of the debt service fund of sue city on June 30 would be 150k.

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In finance and economics, interest is payment from a borrower or deposit-taking economic group to a lender or depositor of a quantity above compensation of the major sum (this is, the amount borrowed), at a particular rate. it's miles awesome from a charge that the borrower may additionally pay the lender or some 0.33 celebration. it is also wonderful from a dividend that is paid with the aid of an enterprise to its shareholders (proprietors) from its income or reserve, but no longer at a selected price decided beforehand, alternatively on a pro-rata foundation as a percentage within the praise gained through hazard taking marketers whilst the sales earned exceeds the whole fees.

As an example, a patron might generally pay interest to borrow from a financial institution, so they pay the financial institution a quantity that is more than the amount they borrowed, or a customer can also earn interest on their savings, and so they'll withdraw greater than they at first deposited. In the case of financial savings, the customer is the lender, and the financial institution performs the role of the borrower.

To learn more about your Interest visit here:

brainly.com/question/27584159

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3 0
1 year ago
Which group is the primary source of financial support that benefits all wildlife species?
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The group that is the primary source of the financial support needed for wildlife species is <u>Hunters</u>.

The main source of the financial support that the nation uses to fund wildlife conservation efforts to protect various wildlife species is hunting licenses.

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3 years ago
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enyata [817]

Answer:

What will be produced.

Explanation:

Consumer sovereignty is the theory that consumer preferences determine the production of goods and services. This means consumers can use their spending power as 'votes' for goods. In return, producers will respond to those preferences and produce those goods.

A competitive market system is one that involves many buyers and sellers. This is a system where the supply and demand for goods and services largely determines what is produced, how it's to be produced, how much is produced, how the output is to be distributed, and how the economy absorbs change.

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Answer:

B) Contingency planning

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In this specific case, it is unlikely that a natural disaster destroys the store, but an economic catastrophe might hit it. Management is developing a contingency plan in case that sales plummet. This plan might include aggressive marketing promotions, reducing personnel, lowering costs, obtaining a loan, etc.

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