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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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In both Gamma and Delta average labor productivity is $20,000 per worker per year. The population of Gamma is 200,000 and the po
cupoosta [38]

Answer:

Total output in Gamma is $2,400,000,000 and total output in Delta is $4,800,000,000.

Explanation:

The population of Gamma is 200,000 and the population of Delta is 400,000. Sixty percent of the population in each country is employed.

The number of worker in Gamma = 60% x 200,000 = 120,000 people

The number of worker in Delta = 60% x 400,000 = 240,000 people

Total output = Average labor productivity x The number of worker

Total output in Gamma = $20,000 x 120,000 = $2,400,000,000

Total output in Delta = $20,000 x 240,000 = $4,800,000,000

8 0
3 years ago
Describe whether the following changes cause the short-run aggregate supply to increase, decrease, or neither. a. The price leve
defon

Answer:

Short Run Aggregate Supply SRAS is the total goods and services available in an economy at different price levels with respect to fixed production resources.

Explanation:

A) When the price level increases, aggregate supply increases as well because demand is high and manufacturers will produce more.

B) When Input prices decrease, short run aggregate supply is not affected.

C) When firms and workers expect the price level to fall, aggregate supply decreases to cushion the effect of imminent loss due to fall in prices.

D) When the price level decreases, supply also decreases since it is an indication that the market is approaching saturation,

E) New policies increase the cost of meeting government regulations and does not necessarily influence SRAS.

F) The number of workers in the labor force does not affect SRAS.

6 0
3 years ago
A company has 1,500 shares of 7%, $100 par value preferred stock the company issued at the beginning of Year 1. All remaining sh
Serggg [28]

Answer:

Cumulative Preferred Stock Dividend = $21,000

Non-Cumulative Preferred Stock Dividend = $10,500

Explanation:

Cumulative Preferred Stock:

In cumulative, the dividends accumulate for the past year if they are not paid and will be paid in future. Therefore, in Year 2, the company will pay dividend to cumulative preferred stock holder for both the years:

Dividend = (1500 * 7% * 100) * 2

Dividend = 10,500 * 2

Dividend = $21,000

Non-Cumulative Preferred Stock:

In non-cumulative, the dividends are paid for the current year only and the dividend for past if they are not paid does not consider in dividend payments. The calculation will be:

Dividend = 1500 * 7% * 100

Dividend = $10,500

8 0
3 years ago
Jack performs maintenance on the manufacturing machinery, and Charlie performs maintenance on the office computers. Would their
Nana76 [90]

Answer:

B : Yes, Jack’s salary would be classified as a product cost, whereas Charlie’s salary would be classified as a period cost.

Explanation:

In determining the product cost, Jack's salary which forms part of the manufacturing overhead will be included in the total manufacturing costs whereas Charlie's salary will be regarded as a period cost.  This makes option B the correct choice.  The maintenance costs on manufacturing machinery and office computers are classified differently in a manufacturing setting because Jack's maintenance affects manufacturing indirectly while Charlie's maintenance affects the office administration directly.

5 0
3 years ago
In December 2015​, Apple had cash of $ 38.53 ​billion, current assets of $ 76.36 ​billion, and current liabilities of $ 76.41 bi
Murljashka [212]

Answer:

a) Current Ratio = 0.99

b) Quick Ratio = 0.96

c)  

The Current Ratio is a liquidity measure that shows the ratio between current asset and current debt obligations. It tells how many dollars of current asset are per dollar of current debts, that gives an idea of the company`s ability to perform its debts.    

The Quick Ratio is also a liquidity indicator that measures the capacity of a company, using its most liquid assets, to pay its current debt at maturity. The inventory, although it is a current asset, is not considered, since it cannot be converted into cash in a very short term.

The difference between the Quick Ratio and the Current Ratio, implies that while both are measures of the company's ability to pay its debts, the quick ratio also tells how much the company depends on its inventory to get that objective.

In Apple´s and Hewlett-Packard´s case we can say that Apple is better covert, but not for too much, because of their current ratio. And, because of its quick ratio, Apple doesn't depend on its inventory as much as Hewlett-Packard.

Explanation:

APPLE´S CURRENT RATIO:

Current Ratio = Current Asset / Current Liabilities

Current Ratio = 76.36 / 76.41

Current Ratio = 0.99

APPLE´S QUICK RATIO:

Quick Ratio = (Current Assets – Inventories) / Current Liabilities

Quick Ratio = (76.36 – 2.45) / 76.41

Quick Ratio = 0.96

8 0
3 years ago
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