Answer:
the labor rate variance is $2,580 unfavorable
Explanation:
The computation of the labor rate variance is shown below:
= Actual labor cost - (standard rate × actual hours)
= $131,580 - ($15.60 × 8,600 hours)
= $131,580 - $134,160
= $2,580 unfavorable
Hence, the labor rate variance is $2,580 unfavorable
Normally when you "lease" something on credit then you have to pay interest. So if you save the money over a course of a year instead of leasing on credit, you would most likely not pay as much. So, C, would be my best guess.
the answer is B collusion
Answer:
Gross Margin (dollars) = $62,060
Gross Margin % = 44.33 %
Explanation:
Calculation of Gross Margin
Net Sales $140,000
Less Cost of Sales
Opening Stock $0
Add Purchase of Merchandise $84,000
Less Trade Discount ($84,000 × 7.5%) ($6,300)
Add shipping charges $240
Cost of Goods Sold ($77,940)
Gross Profit $62,060
Gross Margin %
Gross Margin % = Gross Profit / Net Sales × 100
= $62,060 / $140,000 × 100
= 44.33 %
Answer:
$1,500
Explanation:
Given the compounding formula
And given an investment (P), made at 16% compounded annually (r), and an ending amount of $1,740 (A) at the end of the year (n = 1 year), the original amount invested (P) can be computed as follows.
= P = 1,740/1.16 = 1,500.
Therefore, the original investment was $1,500.