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3 years ago

The Flapjack Corporation had 8,200 actual direct labor hours at an actual rate of $12.40 per hour. Original

Business

1 answer:

mariarad [96]3 years ago

3 0

Answer:

Option (C) is correct.

Explanation:

Given that,

Actual direct labor hours = 8,200

Actual rate = $12.40 per hour

Original production = 1,100 units

Actual units produced = 1,000

Labor standards = 7.6 hours per completed unit

standard rate = $13.00 per hour

Labor time variance:

= (Standard hours - Actual hours) × Standard rate

= (1,000 × 7.6 - 8,200) × $13

= 7,800 Unfavorable

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Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted basis in that home was $220

Karo-lina-s [1.5K]

Answer:

Net gain = $60,000

Explanation:

Given:

Sale value of house = $540,000

Adjusted value = $220,000

Selling expenses = $10,000

Computation of gross profit on the house:

Gross profit on sale = Sale value of house - Adjusted value - Selling expenses

Gross profit on sale = $540,000 - $220,000 - $10,000

Gross profit on sale = $310,000

Maximum limit on gain from sale of house = $250,000(Form number 1040, Schedule D)

Computation of net gain:

Net gain = $310,000 - $250,000

Net gain = $60,000

7 0

3 years ago

The introduction of a union into an industry

Lemur [1.5K]

Answer:

Option A (Raises wages and employment in that industry)

Explanation:

A union is a group of people from a specific profession that protests/voices their opinions, concerns, and/or matters that they think are necessary for them to stay in that specific profession.

Labor unions give workers the power to negotiate for more favorable working conditions and other benefits through collective bargaining. Union members earn better wages and benefits than workers who aren't union members. On average, union workers' wages are 28 percent higher than their nonunion counterparts.

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2 years ago

Karen Smith bought Coca-Cola stock for $475 on March 31, 20X1. On November 15, 20X1, Karen received a non-taxable distribution o

Murrr4er [49]

Answer:

$20 loss

Explanation:

Karen Smith bought a coca-cola stock for $475 in March 31, 20X1

She received a non taxable distribution of $155 on November 15, 20X1

The first step is to calculate the adjusted basis

= $475-$155

= $320

Karen sold the stock for $300 on December 22, 20X1

Therefore, her gain or loss on the sale can be calculated as follows

= $300-$320

= $20 loss

Hence Karen has a loss of $20 on the sale

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3 years ago

Adonis Corporation issued 10-year, 11% bonds with a par value of $270,000. Interest is paid semiannually. The market rate on the

shutvik [7]

Answer:

e) Adonis must pay $270,000 at maturity plus 20 interest payments of $14,850 each.

Explanation:

Based on this information,Adonis Corporation is issuing a coupon paying bond.

The $286,827 that they receive is the market price/ market value of the bond.

The duration of the bond = 10 years, however, since the coupons are paid semiannually, there will be 10*2 = 20 payments in total.

Semi annual coupon payment; PMT = (11%/2) *270,000 = $14,850
The $270,000 is the face value of the bond which must be repaid at the end of the life of this bond.
<em>Therefore, Adonis must pay $270,000 at maturity plus 20 interest payments of $14,850 each.</em>

3 0

3 years ago

On July 1, 2020, Crocus obtained a $90 million construction loan with a 6% interest rate. The loan was outstanding through the e

enyata [817]

Answer:

$4.5

Explanation:

Interest to be capitalized=$90*6%*10/12=$4.5

As the loan was outstanding from January to October 2021, therefore interest is worked out for 10 months.

Please note that interest of only those debt instruments are capitalized which have been obtained to finance any construction project under the specific interest method.

In our example $90 is the construction loan therefore only this loan's interest is capitalized.

3 0

3 years ago