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lyudmila [28]
3 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]3 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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Budgeted sales commissions would appear on the: A. sales budget and pro forma balance sheet. B. sales budget and pro forma incom
stiks02 [169]

Answer:

Option d: Selling, general and administrative budget and the pro forma income statement

Explanation:

Budgeting

This is simply defined as the showing forth the plans for a business in financial terms. It is said to be a plan to help you an individual to monitor and manage money wisely ans can it one to achieve short term, intermediate, and long term goals in a timely manner.

The notable arrangements of most master budgets are prepared in is sales, purchases, cash and income statement. Budgeted sales commissions is said to visibly shown on the selling, general and administrative budget and the pro forma income statement.

7 0
3 years ago
Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0
anyanavicka [17]

Answer:

WACC is 9.26%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of common share x Weightage of common share ) + ( Cost of Preferred share x Weightage of Preferred share ) + ( Cost of debt x Weightage of debt )

Cost of debt is already given as after tax cost of debt.

WACC = ( 12.75% x 45% ) + ( 7.5% x 15% ) + ( 6% x 40% )

WACC = 5.7375% + 1.125% + 2.4% = 9.2625 % = 9.26%

4 0
3 years ago
Which of the following would most likely use a job order costing system? a.oil refinery b.company that manufactures chlorine for
mamaluj [8]

Answer:

d swimming pool installer

Explanation:

7 0
3 years ago
If your company increases its market penetration, what is happening?
noname [10]
If your company increases its market penetration it means more people in the target market are buying the <span>company's product and it growing the business</span>
4 0
3 years ago
While waiting to be seated at a restaurant, Jason receives a customer loyalty coupon through an app on his mobile phone for half
Rina8888 [55]

Answer: Excite

Explanation: Marketing communications on social media can now absorb the 4E framework to improve is operations. The 4E framework objective that applies here is Excite. A business can excite a customer with relevant offers. In this case the restaurant sent Jason a customer loyalty coupon for half off a dessert if he purchases an entrèe. This can entice Jason to purchase an entrèe and thus qualify for the half off special. In turn this could generates more money for the restaurant.

Other 4E frameworks that don't apply to the scenario are:

Educate. Inform customers of possible offerings.

Engage. Communicate with customers on common ground.

Experience. Create a space for customers to have direct / indirect access to the business's products.

6 0
4 years ago
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