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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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Answer:

We can conclude that tuition rates at the local community college are rising faster than overall inflation.

This is because from 2015 to 2016, the overall price level rose 10%, from 200 to 2020 (20 is the 10% of 200), while tuition rates rose 15% in the same period, from $100 to $115 (15 is obviously the 15% of 100).

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Answer:

$25,080

Explanation:

Given:

Loan amount = $1,44,000

Starting Date 1 march 2021

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Interest Rate = 19%

Amount of interest =?

Amount of interest for a year = PRT/100\\\\Amount of interest for a year = 144,000\times19\times1/100\\Amount of interest for a year= 27,360

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6 0
3 years ago
Aunt Mabel promised to give you $9000 when you successfully complete your freshman year, $6000 when you successfully complete yo
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Solution :

At every stage the formula used will be :

$\frac{\text{available balance}}{(1+\text{interest rate})}= \text{required bank balance}$

After the junior year, Aunt Mabel's bank balance will be :

$=\frac{8000}{1.0925}$

= $ 7,322.65

Aunt Mabel's bank balance after sophomore year will be :

7,322.65 + 1000 = $ 8,322.65

$=\frac{8,322.65}{1.0325} $

= $ 8060.677

After the freshman year, bank balance of Aunt Mable's will be :

8060.677 + 6000 = $ 14,060.677

$=\frac{14,060.677}{1.0250} $

= $ 14.0606

If Aunt Mabel can predict the interest rate with accuracy, she will have to deposit :

$ 14.0606 + $ 9000 = $ 9,014.06

$=\frac{9014.06}{1.0525}$

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3 years ago
Ted failed to disaffirm a contract during his minority or within a reasonable time after reaching majority. The contract was aut
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Answer:

Ratified

Explanation:

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