Hello!
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The answer to your question is "exempt".
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Employers are not bound by the FLSA regarding employees classified as exempt employees.
Answer:
Sales will be equal to 8900 gallons
Explanation:
We have given hardware purchased = 8400 gallons
The store had 3200 gallons on hand at the beginning of the of march
So opening stock = 3200 gallons
And expected to have 2700 gallons at the end of march
So closing stock = 2700 gallons
So sales = purchases + opening stock - closing stock = 8400 + 3200 - 2700 = 8900 gallons
So sales will be equal to 8900 gallons
Answer:
The direct labor rate variance for November is $34,200
Explanation:
To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used
Standard hourly rate of direct labor hour = $14.40
Actual direct labor hours = 5,000
Standard direct labor cost
= 5,000 × $14.40
= $72,000
Total factory wages are $42,000 in which direct labor is 90%
= $42,000 × 90%
= $37,800
Actual direct labor cost = $37,800
Therefore,
Direct labor rate variance = Standard direct labor cost - Actual direct labor cost
Direct labor rate variance
= $72,000 - $37,800
= $34,200
The feature of the insurance contract that is being described above is the aleatory contract. It is the type of contact where the individual that has been involved can't handle or control the event that could happen to him or her. It is a way of having uncertain events happening in the individual such as death or natural disasters that she or he could face.
