Answer:
Direct labor rate variance= $12,575 unfavorable
Explanation:
Giving the following information:
Last year, the company’s direct labor payroll totaled $352,100 for 50,300 direct labor hours. The standard wage rate is $6.75 per direct labor hour.
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 352,100/50,300= $7 per hour
Direct labor rate variance= (6.75 - 7)*50,300
Direct labor rate variance= $12,575 unfavorable
Answer:
10.71%
Explanation:
Calculation for annual rate of return that Holt expect on his investment
Using this formula
Annual rate of return=(D1/Current price)+Growth rate
Annual rate of return=(2*1.06/45)+(0.06)
Annual rate of return=2.12/45+(0.06)
Annual rate of return=0.0471+0.06
Annual rate of return=0.1071*100
Annual rate of return=10.71%
Therefore the annual rate of return that Holt expect on his investment will be 10.71%
Answer:
Specialization is when a country or producer limits the types of goods they make to specialize in one item and make so much of it that they can send it to other countries. For example, USA specializes in corn becuase we can easily make it so we send it to other countries all over the world.
A is not a specific security but an arrangement whereby a bank or security dealer sells specific marketable securities to a firm and agrees to repurchase the securities in the future.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $388,000
Service charge expense A/c Dr $12,000
To Account receivable A/c $400,000
(Being sale is recorded)
The service charge is an expense that is why it is debited and it is computed by
= Sales × service charge
= $400,000 × 3%
= $12,000
Since the sales is made so the company would received the cash that is why we debited the cash account and credited the accounts receivable account