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Elina [12.6K]
3 years ago
10

The probability that house sales will increase in the next 6 months is estimated to be 0.25. the probability that the interest r

ates on housing loans will go up in the same period is estimated to be 0.74. the probability that house sales or interest rates will go up during the next 6 months is estimated to be 0.89. the probability that neither house sales nor interest rates will increase during the next 6 months is
Business
1 answer:
weeeeeb [17]3 years ago
7 0

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A group of workers normally consists of 60 men, 30 women and 20 boys. They are paid at standard hourly rates as under:
dexar [7]
  1. Labour cost variance =  R.s 33,000 (F)
  2. Labour rate variance = R.s 33000 (F)
  3. Labour efficiency variance = 0

Given:

Standard Number of men = 60

Standard Number of women = 30

Standard Number of boys = 20

Standard hour rate for men = R.s 280

Standard hour rate for women = R.s 160

Standard hour rate for boys = R.s 140

Weekly working hour = 40 hours

Expected unit = 5,000 units

Number of men in march week = 70

Number of women in march week = 25

Number of boy in march week = 25

Actual wage for men = R.s 270

Actual wage for women = R.s 165

Actual wage for boys = R.s 130

Actual units = 4,500 units

Find:

  1. Labour cost variance
  2. Labour rate variance
  3. Labour efficiency variance

Computation:

Labour cost variance = [SC for AO] - AC

Labour cost variance =  [( 70 × 280) + (25 × 160) + (25 × 140)] - [(70 × 270) + (25 × 165) + (25 × 130)] × 40  

Labour cost variance = (27,100 - 26,275 ) × 40

Labour cost variance =  R.s 33,000 (F)  

Labour rate variance = (SR - AR) × AH worked

Labour rate variance = [(280 - 270)70 + (160 - 165)25 + (140 - 130)25]40

Labour rate variance = [700 - 125 + 250]40

Labour rate variance = [825]40

Labour rate variance = R.s 33000 (F)

Labour efficiency variance = (SH allowed - AH worked)SR

Labour efficiency variance = (0 - 0)SR

Labour efficiency variance = 0

Learn more;

brainly.com/question/22856853?referrer=searchResults

5 0
3 years ago
Suppose the local government imposes an annual lump-sum tax per plant.How will the average fixed cost, average variable cost, av
Kaylis [27]

Answer:

The Tax is a lump-sum which means that it does not change by output. It is therefore a fixed cost.

Average Fixed Cost ⇒ INCREASE

The new tax would increase the fixed costs which would lead to an increase in the average fixed costs.

Average Variable Cost ⇒ UNCHANGED

The tax is a fixed cost not a variable cost which means variable costs will not be affected.

Average Total cost ⇒ INCREASE

Fixed costs is a part of total cost and if that increases, the total cost will have to increase as well.

Marginal Cost ⇒ UNCHANGED

As the cost that changed is a fixed cost, the total cost will not change as a result of more production so marginal cost will not change.

7 0
3 years ago
C. In JuneNikea Inc. received the $10,000 payment from XYZWhich of Nikea's accounts are affected by this transaction and what is
zzz [600]

Answer:

The $10,000 collected by Nikea represent the collections of an accounts receivable, the journal entry should be:

Dr Cash 10,000

    Cr Accounts receivable 10,000

In this case, an asset (accounts receivable) will decrease while another asset (cash) will increase). The accounting equation will not change since one assets replaces the other.

Explanation:

3 0
3 years ago
Will the current market situation cause the price to go up, go down, or stay the same?
dusya [7]

Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market

5 0
4 years ago
Westfall Watches has two product lines: Luxury watches and Sporty watches. Income statement data for the most recent year follow
avanturin [10]

Answer:

Net income will be $352,500 more if the company continues with Luxury watches only.

Explanation:

Since the company discontinues Sporty watches operation, the company's variable cost is decreasing. However, the fixed expenses remain same as the company will use the space for producing Luxury watches. The effect of operating income will be as follows:

                                          Westfall Watch

              Income Statement (Contribution Margin approach)

Particulars                                                                                  $

Sales Revenue [$400,000+(400,000 x 250%)]                1,400,000

Less: Variable expenses

[$255,000 + ($255,000 x 250%)]                                      (892,500)

Contribution Margin                                                              507,500

Less: Fixed Cost                                                                    (80,000)

Net Income                                                                            427,500

Therefore, the net income will be $427,500 which is $(427,500 - 75,000) = $352,500 more.

6 0
3 years ago
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