All categories

3 years ago

Answer the following question using the information below:

Business

1 answer:

m_a_m_a [10]3 years ago

5 0

Answer:

O None of these answers are correct.

Explanation:

The computation of the direct manufacturing labor efficiency variance is shown below;

= Standard labor rate × (Standard hours for actual output - Actual hours)

where,

Standard labor rate is $15

Standard hours for actual output would be

= 10,000 containers × 0.05 hours

= 500 hours

And, actual hour is 500 hours

Now put these values to the above formula

So, the value would equal to

= $15 × (500 hours - 500 hours)

= $0

You might be interested in

A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the maximum interest rate the bu

galina1969 [7]

Answer:

0.811% per month is the amximum rate it can affor

or 9.732% annual rate with monhly compounding.

Explanation:

We have to solve for the rate at which the monthly payment equals 900 dollars.

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 900.00

time 240

rate r

PV $95,000.0000

$900 \times \frac{1-(1+r)^{-240} }{r} = 95,000\\$

Given the complexity of the formula we solve using excel or a financial calcualtor

we write on a1 =PV(A2;240;95000)

on a2 we write any number between 0 and 1

then we use goal seek tool adn define that we want A1 to be 95,000 by changing A2 (which is the argument for rate)

the value of A2 after this is our answer:

$900 \times \frac{1-(1+0.00811)^{-240} }{0.00811} = PV\\$

PV $95,000.0000

5 0

3 years ago

If a seller in a competitive market chooses to charge more than the going price, then:

attashe74 [19]

Answer:

d. buyers will make purchases from other sellers

Explanation:

In the perfect competition structure producers have no power to change prices, as goods are homogeneous. Thus, since products are the same, if the producer raises the price, consumers will consume with other sellers.

3 0

3 years ago

Slick Sam has a special relationship with his banker. The nature of the relationship is as follows: The bank owes Sam $100 per y

joja [24]

Answer:

X=97.24

Explanation:

PV = Present Value = X+2000 by the 16th years

PMT = Payments = $100

FV = Future Value = 2000 at the end of 16 years

n= number of years

Applying the equation of future value for annuity

FV = pmt* ((1+r)ⁿ - 1 )/r

Inputting the values;

2000=100*((1+r)¹⁶-1)/r

Solving for r, gives r = 2.9%

Therefore using the formula for PV for annuity;

PV=PMT*(1-(1/1+r)/r)

X=100*(1-(1/1.029)/0.029

X=100*((1-0.9718)/0.029)

X=100*(0.0282/0.029)

X=97.24

7 0

3 years ago

Price Company’s note receivable is receivable from Score Company. Interest of $7,520 was paid by Score to Price during 2015. Any

Minchanka [31]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0

3 years ago

William pays $500 premium every six months for automobile insurance with collision coverage. His deductible is $750. William cau

stich3 [128]

<span>A collision coverage type of insurance only the covers the cost that is incurred due to damage to your car. It does not include the cost for the other car. Therefore you will have to pay the total of $1,100</span>

6 0

3 years ago

Read 2 more answers