Answer:
Explanation:
Standard hours per week = 40 hours
Standard rate per hour = $32
Actual rate per hour = $40
Labour rate variance = 40 - 32 = $8 (unfavourable)
Actual cost per week = 40 × 40 = $1600
Standard cost per week = 40 × 32 = $1280
Labour cost variance = actual cost per week - standard cost per week
= 1600 - 1280
= $320 (unfavourable)
Actual codes written in first week = 5650
Standard codes per week = 5 × 25 × 40 = 5000
Actual cost per code = 1600/5660 = $0.2832
Standard cost per code = 1280/5000 = 0.256
Labour efficiency variance = 0.2832 - 0.256 = $0.0272 (unfavourable)
If the team generated 4,650 lines of code according to the original plan:
Code generated = 4650
Number of programmers = 5
Average codes per hour per programmer = 25
Total codes per hour = 25 × 5 = 125
Standard codes per week = 40 × 125 = 5000
Actual time to write 4650 codes = 4650/125 = 37.2 hours
Standard time = 40 hours
Idle time = 40 - 37.2 = 2.8 hours
Labour time variance = 2.8 hours
Cost of idle time = 2.8 × 32 = $89.6 (unfavourable)
Answer:
total direct materials cost variance is $6,000 Favourable
Explanation:
first we get here Standard cost to manufacture
Standard cost to manufacture 6,000 units is = 7 × $47 × 6,000
Standard cost = $1,974,000
and
now we get here Actual cost to manufacturing
Actual cost to manufacturing 6,000 units is = 41,000 × $48
Actual cost = $1,968,000
and
now we get here Direct material cost variance that is express as
Direct material cost variance = Standard cost - Actual cost ..........1
put here value
Direct material cost variance = $1,974,000 - $1,968,000
Direct material cost variance = $6,000 Favourable
Answer & Explanation:
Most balance sheets are arranged according to this equation:
Assets = Liabilities + Shareholders’ Equity
The equation above includes three broad buckets, or categories, of value which must be accounted for:
1. Assets
An asset is anything a company owns which holds some amount of quantifiable value, meaning that it could be liquidated and turned to cash. They are the goods and resources owned by the company.
Assets can be further broken down into current assets and noncurrent assets.
- Current assets are typically what a company expects to convert into cash within a year’s time, such as cash and cash equivalents, prepaid expenses, inventory, marketable securities, and accounts receivable.
- Noncurrent assets are long-term investments that a company does not expect to convert into cash in the short term, such as land, equipment, patents, trademarks, and intellectual property.
2. Liabilities
A liability is anything a company or organization owes to a debtor. This may refer to payroll expenses, rent and utility payments, debt payments, money owed to suppliers, taxes, or bonds payable.
As with assets, liabilities can be classified as either current liabilities or noncurrent liabilities.
- Current liabilities are typically those due within one year, which may include accounts payable and other accrued expenses.
- Noncurrent liabilities are typically those that a company doesn’t expect to repay within one year. They are usually long-term obligations, such as leases, bonds payable, or loans.
3. Shareholders’ Equity
Shareholders’ equity refers generally to the net worth of a company, and reflects the amount of money that would be left over if all assets were sold and liabilities paid. Shareholders’ equity belongs to the shareholders, whether they be private or public owners.
Just as assets must equal liabilities plus shareholders’ equity, shareholders’ equity can be depicted by this equation:
Shareholders’ Equity = Assets - Liabilities
— Courtesy of Harvard Business School
I hope this helped! :)
Answer:
A. incentives
Explanation:
An incentive is a motivator to do something. Traditionally incentive is extrinsic, that is there is a reward given when an achievement is made. This is the rational for bonuses on the job. Where an employee is compensated for achieving a milestone at work.
Ultrinsic.com is using incentive of a cash reward for those that get As as a motivator for the students. Students pay an entry fee of $70 and if one student gets an A he will get the whole pool of funds. If more than one person gets an A they will share the money in the pool.
More students will be motivated to get As.
