Answer:
$9,000 (Unfavorable)
Explanation:
The computation of the direct-labor rate/price variance is given below:
Given that
Actual time used = 45,000 hours
Actual cost of labor used = $639,000
Now
Actual rate = Actual cost of labor used ÷ Actual time used
= $639,000 ÷ 45,000
= $14.2 per hour
And,
Standard rate = $14 per hour
Standard time = 5 hours per unit
Actual output = 8,900 units
So, standard time for actual output = 8,900 × 5
= 44,500
Now
Direct labor rate variance = Actual time × (Standard rate - Actual rate)
= 45,000 × (14 - 14.2)
= $9,000 (Unfavorable)
Answer:
Yes, they do. I would assume that the mistakes were of fraudulent nature.
Explanation:
P W C's overlook of 104$ of accounts receivable by Take Two is an act of negligence as it was the most important asset of this company. The same can be said for reserve for sales returns as the main auditor didn't compare five main product sales with invoices after the end of the year. Four sales with very high returns were in fact fraudulent parking transactions. The mistakes can be seen as fraudulent as Fish failed to practice due professional care and obtain sufficient evidence that could justify Take Two's domestic accounts receivable balance.
JIT strategy stands for Just-in-time. The JIT strategy is used to increase efficiency and decrease waste <span>by reducing inventory costs. </span><span>
The labor productivity before the JIT strategy was
= output / labor hours = 1000/(5*10) = 20 boxes per labor hour .
The labor productivity after JIT strategy was applied is:
</span><span>= output / labor hours = 1200/(5*10) = 24 boxes per labor hour .</span>
Answer:
Net export of goods and services equals -$578.4 billion(its in negative)
While Gross Domestic Product is $19,485.4 billion
Explanation:
Formula for Gross Domestic Product (GDP) using expenditure approach is
C + I + G + (X-M)
where (X-M) is the net exports of goods and services.
C is consumption
I is Investment
G is government spending or purchases
X is the total exports
M is the total imports
The first question find net exports of goods and services
Net export = export (X) - import(M)
$2,350.2 - $2,928.6
= -$578.4 billion
The second question which is calculation of GDP is
$13,321.4 + $3,368.0 + $3,374.4 + $2,350.2 - $2,928.6
=$19,485.4
Explanation:
Answer:
Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.