A ______ is different from a sole proprietorship because it is legally defined as an entity that is separate from its owners.

Flapjack Corporation had 7,680 actual direct labor hours at an actual rate of $12.45 per hour. Original production had been budg

Mashutka [201]

Answer:

Labour time (efficiency) variance = $9,984 unfavorable

Explanation:

The labour time variance is the dollar value of the difference between the standard time allowed for the actual output produced and the actual time used.

Hours

Standard hours ( 960 units × 7.2 hours ) = 6,912

Actual hours 7,680

Time variance 768 Unfavorable

× standard labour rate × $13

Variance  $9,984 Unfavorable

3 0

3 years ago

Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of

Tju [1.3M]

I believe the answer is D

4 0

2 years ago

Read 2 more answers

Concord Company purchased a new machine on October 1, 2020, at a cost of $115,900. The company estimated that the machine will h

Kazeer [188]

Answer:

$4,870.5

Explanation:

Annual Depreciation Expense:

= [(Cost - Salvage Value) × Machine Usage in 2020] ÷ Total Estimated Working Hours

Depreciation Expense for 2020 (for 3 months only - October to December):

= [($115,900 - $13,900) × 1,910] ÷ (10,000) × (3/12)

= ($102,000 × 1,910) ÷ (10,000) × (1/4)

= $19,482 × (1/4)

= $4,870.5

Notes:

Depreciation will be calculated for only 3 months since the asset has been acquired on 1st October 2020.

7 0

3 years ago

Consider the following information on three stocks: State of Economy Probability of State of Economy Rate of Return if State Occ

PolarNik [594]

Answer:

market premium = 0,0781 = 7.81%

Explanation:

We have to calculate the market return and then calcualte the premium as the difference between the expected return on the market and the risk-free rate:

We multiply each outcome by the stock weight. and then for the probability of occurence of that state of economy

Calculations for boom:

Change of boom x (weighted outcome A + weighted outcome B + weighted outcome C)

0.25 x (0.45 x 0.15 + 0.45 0.27 + 0.1 x 0.05) = 0.05

$\left[\begin{array}{cccccc}Stock&&B&A&C&Totals\\Weights&&0,45&0,45&0,1&&Boom&0,25&0,15&0,27&0,11&0,05&Normal&0,65&0,11&0,14&0,09&0,078975&bust&0,1&-0,04&-0,19&0,05&-0,00985&&&&&return&0,119125&\end{array}\right]$

market expected return 0,1191

Market premium: 0,1191 - 0,041 = 0,0781

5 0

2 years ago

Wild Flowers Express has a debt-equity ratio of .60. The pretax cost of debt is 9 percent while the unlevered cost of capital is

andre [41]

Answer:

0.1631 ; 16.31%

Explanation:

Given:

Cost of capital = 14% = 0.14

Debt to equity ratio = 60% = 0.6

Cost of debt = 9% = 0.09

Tax rate = 23% = 0.23

Cost of equity : cost of capital + debt - to - equity ratio * (1 - tax rate) * (cost of capital - cost of debt)

Cost of equity = 0.14 + 0.60 × (1 - 0.23) × (0.14 - .09)

Cost of equity :

0.14 + 0.60 * 0.77 * 0.05

0.14 + 0.0231

= 0.1631 ; 0.1631 * 100% = 16.31%

4 0

2 years ago