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Alenkinab [10]
3 years ago
9

The following data relate to direct labor costs for the current period: Standard costs 7,000 hours at $11.40 Actual costs 6,400

hours at $10.10 What is the direct labor rate variance
Business
1 answer:
Anna35 [415]3 years ago
8 0

Answer:

Direct labor rate variance= $8,320 favorable

Explanation:

Giving the following information:

Standard costs 7,000 hours at $11.40 Actual costs 6,400 hours at $10.10

<u>To calculate the direct labor rate variance, we need to use the following formula:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (11.4 - 10.1)*6,400

Direct labor rate variance= $8,320 favorable

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A bank has $50 million in assets, $47 million in liabilities and $3 million in shareholders' equity. If the duration of its liab
Alisiya [41]

Answer: 1.222

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The Average duration can be derived from the formula:

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Average Duration = (Liabilities * Duration of Liabilities) / Assets

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5 0
2 years ago
The following information for "2019" pertains to Bartley Corporation: Capital contributions by shareholders $50,000 Realized los
Nadusha1986 [10]

Answer:

$13,500

Explanation:

Bartley's gross income should include only two items:

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3 years ago
Up-Town Express processed 89,233 packages this month. If this is 36.5% less than last month, how many packages did they process
solniwko [45]

Answer:

X=140.524.4≅140,524 Packages

Correct option is C (140,524)

Explanation:

Given Data:

Up-Town Express processed =89,233 packages this month

Less than last month=36.5%=0.365

Required:

Packages did they process last month=?

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Let say X is the number of Packages they process last month.

Equation from above data:

89233+0.365X=X

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X=89233/0.635

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Correct option is C (140,524)

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