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vaieri [72.5K]
3 years ago
8

If the actual labor rate exceeds the standard labor rate and the actual labor hours exceed the number of hours allowed, the labo

r rate variance and labor efficiency variance will be:
a)
rate = Favorable efficiency = Favorable

b)
rate = Unfavorable efficiency = Favorable

c)
rate = Favorable efficiency = Unfavorable

d)
rate = Unfavorable efficiency = Unfavorable
Business
1 answer:
vladimir2022 [97]3 years ago
8 0

Answer:

Option D

Explanation:

As both, the actual rate and actual hours exceed the standards rate and standard hours, both rate and efficiency variance will be unfavorable.

And considering that if the actual labor rate exceeds the standard labor rate and if the actual labor-hours exceed the number of hours allowed, the total labor flexible budget variance will be unfavorable. As the variance is the difference between the Standard Cost and Actual Cost. So if both Standard rate & Standard hrs. are more than actual rate & actual hrs., Actual cost will be more than standard cost i.e. the variance will be unfavorable

Option d is correct

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Answer:

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Explanation:

It is provided that after cost overruns of the project is $10 million, which can never be recovered, thus, it is a kind of sunk cost.

Sunk cost is the cost which is made previously, and now in no manner will affect the decision, as cannot be recovered.

Therefore, such cost is ignored.

Further provided additional cost will be $12 million, therefore, now the society shall make a rational choice whether to continue the project providing solar electricity of $10 million, as in case of amount of solar energy is $32 million or $22 million, then the choice is obvious to accept,

Rational choice will be for solar electricity worth $10 million.

Therefore, correct statement is

a. continue with the project provided that the additional solar electricity is worth more than $10 million.

4 0
3 years ago
Suppose that you only have liability and collision car insurance and you allow your roommate(who doesn’t have car insurance) to
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Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies fo
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2. On Company's statement of goods manufactured should be prepared as follows:

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Learn more about income statements at

brainly.com/question/24498019

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5 0
2 years ago
Miami Solar manufactures solar panels for industrial use. The company budgets production of 4,900 units (solar panels) in July a
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Answer:

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Explanation:

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7 0
2 years ago
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The inflation rate formula is ( CPI2 - CPI1 )
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CPI2 = Price of the latter date
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So the latter price is $32.7 and the earlier is $32 (I'm assuming you mean the inflation from January to February)

Then plug in the numbers ( 32.7 - 32 )
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32.7 - 32 = .7/32 = .021875 x 100 = 2.1875

Which means the answer would be if you round 2.2%

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