The Wet Dog Surf Company borrows $27,000 at 5.00% for 10 months. Calculate the total interest amount (rounded to the nearest pen
1 answer:
Answer:
total interest = $1125
Explanation:
given data
principal = $27,000
rate = 5 %
time = 10 months
to find out
total interest
solution
we get here total interest that is express as
total interest = principal × rate × time ....................1
put here value and we get
total interest = $27,000 × 5 % ×
total interest = $1125
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Answer:
Labor Rate Variance = - $1,188 Unfavorable
Explanation:
Provided labor hours for each radio = 0.9
Standard labor cost per hour = $7.20
Actual labor cost = $48,708
Actual labor hours = 6,600
Actual labor rate = $48,708/6,600 = $7.38
Labor Rate Variance = (Standard Rate - Actual Rate) Actual Hours
= ($7.20 - $7.38) 6,600 =<em><u> - $1,188 Unfavorable</u></em>