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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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f interest rate parity (IRP) exists, then triangular arbitrage will not be possible. A. true. B. false.
Levart [38]

Answer:

A. True

Explanation:

Arbitrage refers to a situation wherein a gain is made owing to price discrepancy or unevenness in two markets. The rule for arbitrage is to buy from the markets where price is less and sell in the markets where price is higher.

Triangular arbitrage occurs wherein 3 different currencies are involved and the exchange rates are not uniform i.e a discrepancy exists and interest rate parity does not hold true.

Interest rate parity refers to the concept wherein the disparity between two currency exchange rates is adjusted by the respective interest rates of the two countries. When interest rate parity exists, no arbitrage is possible as markets are fairly priced.

3 0
3 years ago
he following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures.T
ra1l [238]

Answer:

b. 14.0%

Explanation:

NET INCOME  

Sales  $ 100.000

Net Income  $ 25.000

Preferred Stock  -$ 4.000

Net Income to Stockholders' equity—common $ 21.000   14%

Net Income to Stockholders         $ 21.000

                                                      ===========  =   14%

Stockholders' equity—common    $ 150,000

5 0
3 years ago
Since the beginning of the twentieth century, the United States has experienced _________ recessions. Of those, ______ have occu
faltersainse [42]

Answer: 22; 7

Explanation;

A Recession refers to the economy of a country contracting for at least 2 quarters.

Since the the beginning of the twentieth century, the United States has experienced<u> 22 recessions </u>with the worst being the Great Depression of 1929 and the Great Recession of 2008.

Of those,<u> 7 have occurred since 1970</u> with the 7th ongoing as a result of the Corona virus pandemic.

5 0
3 years ago
Walden’s family is shopping for a reclining chair. The chair the family decided on has a retail price of $800 plus 5% sales tax
Licemer1 [7]

Just by looking at the answer you can take out D because C already offers no tax and 5% off, do C is better than D, so we only have to do t math for A, B, and CA is 800 plus tax, with $75 back800×1.05 (because it's 5% tax) -75 =$765B is 800×.90 (because 10% off means he's paying 90%)×.05=$756C is 800×.95 (because 5% off means he's paying 95%) =760A=765B=756C=760So B is the best deal


:)

7 0
3 years ago
Read 2 more answers
Balance this redox reaction<br>Br2+NaOH → NaBr02+NaBr + H2O​
nevsk [136]

Answer:

2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O

Explanation:

<u>Step-1:</u>

Br₂ + NaOH → NaBrO₂ + NaBr + H₂O

<u>Step-2:</u>

Elements. LHS RHS

Br 2 2

Na 1 2

O 1 3

H 1 2

<u>Step-3:</u>

Elements L.H.S R.H.S

Br 2 × 2 4

Na 1 × 4 4

O 1 × 4 4

H 1 × 4 2 × 2

<u>Step-4:</u>

Elements L.H.S R.H.S

Br 4 4

Na 4. 4

O 4. 4

H 4 4

<u>Step-5:</u>

<u>2Br₂ + 4NaOH → NaBrO₂ + 3NaBr + 2H₂O</u>

<u>-TheUnknown</u><u>S</u><u>cientist</u>

5 0
2 years ago
Read 2 more answers
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