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umka21 [38]
3 years ago
5

Production used 2.5 labor hours per finished unit, and the company actually paid $21 per hour, totaling $52.50 per unit of finis

hed product. What amount is the company’s direct labor rate variance for March?
Business
1 answer:
jeka943 years ago
3 0

Answer:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours

Explanation:

Giving the following information:

The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.

<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>

To calculate direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours

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7 0
3 years ago
The demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole. This is best explained by the fact
lutik1710 [3]

Answer:

C. There are more substitutes for Cheerios than for cereals as a whole

Explanation:

Since in the question it is given that the demand for  Cheerios cereal is more price-elastic than the demand for cereals as a whole as because there are more substitutes for Cheerios as compare to cereals because in the case of substitute goods, there is a positive relationship between the price of good B and the demand of good A. It means if the price of good B decline. then the demand of good A is decreases and vice versa

6 0
3 years ago
Based on the information below, what is the firm's optimal capital structure? a. Debt = 40%; Equity = 60%; EPS = $2.95; Stock pr
Ronch [10]

Answer:

The optimal capital structure is 60% debt and 40% equity.

The correct answer is C

Explanation:

Optimal capital structure is a debt-equity mix that maximizes the stock price. Option C is a debt-equity mix that maximizes the stock price of the company.

7 0
3 years ago
Approximately ________ % of the U.S. labor force is employed in service industries.a. 10b. 25c. 40 d. 60e. 80
GenaCL600 [577]

Answer:

The correct answer is letter "E": 80.

Explanation:

According to the U.S. Bureau of Labor Statistics (<em>BLS</em>) by the end of the second quarter in 2019 over 107 million workers -around 80% of the total American labor force- were engaged in the private service industry. The most important sectors related were <em>transportation, utilities, education, health care, professional, </em>and <em>business services</em>.

6 0
3 years ago
What advantage is there for a company to offer products at prices below actual market value? Multiple choice question. It maximi
sleet_krkn [62]

Answer: Customers are more likely to try the product because they are not risking as much money.

Explanation:

Many market have competition, despite customers want the best for their money, they still want the best various prices especially that which is a bit lower, so they know they are not spending much but also getting the best. Some organization would want to sail their market either when entering the market or when they are experiencing a low sales, they now consider reducing the price of their items, in this case, customers would consider them because they are not spending much money

4 0
2 years ago
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