Answer:
Option (C) is correct.
Explanation:
Given that,
Actual direct labor hours = 8,200
Actual rate = $12.40 per hour
Original production = 1,100 units
Actual units produced = 1,000
Labor standards = 7.6 hours per completed unit
standard rate = $13.00 per hour
Labor time variance:
= (Standard hours - Actual hours) × Standard rate
= (1,000 × 7.6 - 8,200) × $13
= 7,800 Unfavorable
Answer:
5%
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
The interest rate implicit in the agreement can be determined by finding the internal rate of return.
Cash flow in year 0 = $-196,401
Cash flow each year from year 1 to 7 = $33,942
IRR = 5%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
Answer:
c. because P > MC, a basic condition for efficiency is violated.
Explanation:
An unregulated monopoly is a market in which monopoly holders have control over goods and services, giving them the ability to do whatever they like. Under unregulated monopoly, having a free market is impossible as price gouging is always evident.
In unregulated monopoly a basic condition for efficiency is violated because price is greater than marginal cost (P > MC).
Where P is the price and MC is the marginal cost of goods.
<span>If Henrietta wants to move her organization closer to being a true learning organization, she should redesign the structure. These changes will effect how the company is run and will improve the overall efficiency, productivity, and workflow of the company.</span>