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lyudmila [28]
2 years ago
12

Hickam Company makes one product, for which it has developed the following standard for labor: each unit should require 1.50 hou

rs at $12/hour. In April, Hickam made 10,000 units, using 1.65 hours per unit at a cost of $11.50 per hour. What is the labor usage variance
Business
1 answer:
Brut [27]2 years ago
7 0

Answer:

$1.8 Unfavourable

Explanation:

Labor usage variance can be calculated by deducting Standard hours from Actual hours and multiplying the result by the standard rate.

DATA

Standard hours = 1.50 hours

Standard rate = $12/hour

Actual hours = 1.65 hours

Actual rate = $11.5/hour

Calculation

LABOUR USAGE VARIANCE = (SH-AH)SR

LABOUR USAGE VARIANCE =(1.5 - 1.65) x $12

LABOUR USAGE VARIANCE = (-0.15) x $12

LABOUR USAGE VARIANCE = $1.8 Unfavourable

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Federal inspectors find that several shipments of hamburger supplied to grocery chains is contaminated with potentially harmful
brilliants [131]

Answer:

The Food and Drug Administration issues a recall for the meat, and the seller notifies its customers.

Explanation:

When there is a serious or potentially serious risk to consumers, the FDA works with sellers and distributors to recall products (remove them from store shelves) and notify customers through press releases and other communications.

7 0
3 years ago
Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $316,547; costs = $219,406; other
o-na [289]

Answer:

Net working capital addition was for 8,108 dollars

Explanation:

To solve for NWC we start form the accounting equation and then, we expand it to get the NWC expression:

Assets = Liabilies + Equity

we expend the formula

current assets + fixed assets = current liabliies + non-currnet liab + stock + RE

NWC = net working capital

being: current assets - current liabilities

(current assets - current liabilities) =  non-currnet liab + stock + RE - fixed assets

NWC = -3,283 + 5,629 + RE - 24,154

We need to solve fotr the change in Retained Earnings:

which is net income - dividends:

sales                                316,547

costs                              (219,406)

other expenses                 (8,481)

depreciation expense    (18,633)

interest expense             (14,216)

taxes                                 (15,217)

                 net income      40,594

                dividends         (10,678)

          change in RE           29,916

NWC = -3,283 + 5,629 + 29,916 - 24,154

NWC = 8,108

8 0
3 years ago
Woidtke Manufacturing's stock currently sells for $29 a share. The stock just paid a dividend of $2.60 a share (i.e., D0 = $2.60
3241004551 [841]

Answer: Price after 1 year = $24.83

Explanation:

Return = [D1/P0 ]+ g

= [(3*1.08)/23] + 0.08

= 22.09%

We assume the return is same for next year as well.

Thus,

r = [D2/P1] + g

22.09% = (3*1.082/P1) + 8%

P1 = $24.83

<u>Thus, price after 1 year is $24.83</u>

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6 0
3 years ago
Read 2 more answers
Your healthy 63-year-old neighbor is about to retire and comes to you for advice. From talking with her, you find out she was pl
pashok25 [27]

Answer:

Both mutual funds and money market funds are similar in the sense that they pool money from several investors in a variety of instruments. The difference is that money market funds pool the money in very liquid, short-term securities, while mutual funds do the same but in less liquid, longer-term securities.

The 63-year-old neighbor should therefore split the money around 60/40, 60% of the funds for mutual funds, in order to have long-term security, and 40% in the money market funds, in order to have quick cash available when needed.

5 0
2 years ago
. True / False. The hedonic property value method can be used to estimate lost non-use value associated with oil pollution at re
Effectus [21]

Answer:

False.

Explanation:

The hedonic property value method determines the extent that environmental or ecosystem factors affect the price of a home.  This implies that the method cannot be used to estimate lost, non-use value associated with oil pollution at remote, uninhabited locations, as stated in the question.  Since the hedonic property value method is used to estimate the housing prices that reflect the value of local environmental attributes, it is not useful for uninhabited, remote locations and properties.

6 0
3 years ago
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