Answer:
Standard Rate per hour = $15.5 per hour
Explanation:
given data
actual cost = $14.75
current period = 3400 units
direct labor hours = 8300
direct labor efficiency variance = $3100
to find out
standard direct labor rate per hour
solution
we use here Direct Efficiency Variance formula that is
Direct Efficiency Variance = ( Standard Hours - Actual Hours ) × Standard Rate per Hour .............................1
put here value
3100 = [ (3400 × 2.5) - 8300 ] × Standard Rate per hour
solve it we get
Standard Rate per hour = $15.5 per hour
Answer:
Explanation:
The journal entry to record the issuance of common stock is shown below:
Cash A/c Dr $30,000 (2,500 shares × $12)
To Common Stock $12,500 (2,500 shares × $5)
To Additional Paid-in Capital in excess of par - Common Stock $17,500
(Being the issuance of stock is recorded and the remaining balance is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account and credited the common stock and additional paid-in capital account
Answer:All the alternatives are correct except (C) to remain independent without having to rely on others for goods and services
Explanation:
Specialization is the act of a firm or country concentrating is resources, efforts and skills in the production of few relative goods or services.
It leads to increase in production, quality and supply, which invariably leads to lower price, higher demands, higher profits,consumer satisfaction and improved standard of living.
Answer:
The correct option is: B. Lateral moves
Explanation:
Lateral moves is a process by which an organization moves an employee within the organization and place the employee where they are needed. This allows the organization or the company to offer new challenges to the employee, without promotion.
Lateral moves does not involve any major change in the role, responsibility, authority or pay of an employee.
Answer:
The marketing department is where the advertising is developed from idea to ad. It involves copy-writing, graphic design, and often the actual production of the piece, for example, radio, television, and web spots.
Explanation:
Marketing department is like the mouthpiece of the organization, anything that involves making profit for the organization has to come from the marketing department. Advertisement, graphic design, copy-writing among others, all these ensures money are made through them for the organization.
