Answer:
$2,400 unfavorable
Explanation:
Given that;
Time = 3 hours
Cost of labor = $8 per hour
Number of units = 7,100
Total actual labor cost = $172,800
Standard labor cost = 7,100 × 3 × $8 = $170,400
Total labor cost variance = Standard labor cost - Actual labor cost variance
Total labor cost variance = $170,400 - $172,800
Total labor cost variance = -$2,400
The negative sign here means that it is unfavorable, hence total labor cost variance is $2,400 unfavorable
Answer:
$120
Explanation:
In this question, we simply have to apply the simple interest formula which is shown below:
= Principal amount × rate of interest × time period
= $2,000 × 6% × 1 year
= $120
Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.
So, $120 interest is paid for the year
Answer:Advantages of installment payment for your big-ticket spending
Installment allows you to spend smart. If you have the funds, you can always purchase and pay in full. ...
You can make unexpected purchases or payments without putting a dent on your budget. ...
You get to track your finances better. ...
It enables you to stretch the cost of your purchases over a manageable period of time
Explanation:
