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emmasim [6.3K]
3 years ago
11

The following information describes a company's usage of direct labor in a recent period. The direct labor efficiency variance i

s:
Actual hours used 45,000
Actual rate per hour $15.00
Standard rate per hour $14.50
Standard hours for units produced 47,000

a. $29,000 unfavorable.
b. $29,000 favorable.
c. $22,500 unfavorable.
d. $52,500 favorable.
e. $52,500 unfavorable.
Business
1 answer:
natali 33 [55]3 years ago
4 0

Answer:

Option (B) is correct.

Explanation:

Given that,

Actual hours used = 45,000

Actual rate per hour = $15.00

Standard rate per hour = $14.50

Standard hours for units produced = 47,000

Direct Labor Efficiency Variance:

= (Standard Hours for units produced - Actual Hours used) × Standard Rate  per hour

= (47,000 - 45,000) × 14.50

= 29,000 Favorable

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dsp73

Answer:

a higher price and produce a smaller output than a competitive firm

Explanation:

A monpolistically competitive firm is a firm that :

1. Sells differentiated products from other firms in the industry.

2. Has many buyers and sellers

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4. Has no barrier to entry or exist of firms

An example of a monpolistically competitive firm is a resturant.

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When a monopolistic and competition firm are faced with the same unit cost, a monopolistic firm would aim to earn profit by increasing its price and reducing the quantity produced.

While a perfect competition would sell at the price set by the forces of demand and supply. The firm can increase the quantity produced in order to increase revenue.

A monopolistic firm is able to charge a higher price for its products while a perfect competition isn't.

5 0
3 years ago
To handle products in the decline stage of the product life cycle, companies often use either a ________ strategy or a ________
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Learn more about the business here: brainly.com/question/24448358

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7 months ago
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Answer:

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6 0
3 years ago
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Answer:

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Explanation:

Particulars                                                                                Amount ($)

Adjusted Basis Of Land                                                          250000

Mortage*Share In Percentage ($200000*50%)                    (100000)

Additional Borrowing*Share In Percentage ($50000*50%)   (25000)

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Difference:

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8 0
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= 19.00%

8 0
2 years ago
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