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stira [4]
3 years ago
8

StuckinMyHouse book company is a boutique shop that produces a small selection of adult coloring books. The first quarter 2020 M

aster Budget was based on selling 1,200 units, with a direct labor cost of $3,600. The company experienced an unexpected surge in purchases, actually selling 2,300 coloring books. It spent $6,640 on direct labor. The one employee earned $10 per hour, as expected.
How much is the rate variance (aka efficiency variance) for direct labor?
Business
1 answer:
suter [353]3 years ago
6 0

Answer:

<em>Labour rate variance  =    $260 favourable</em>

Explanation:

<em>The rate variance would be the difference between the standard labour cost of the 2,300 units sold and the actual labour cost</em>

Standard labour cost  (3600/1200× 2300)<em>      6,900</em>

<em>Actual labour cost                                             </em><u><em>6, 640</em></u>

<em>labour rate variance                                     </em><u><em>   $260</em></u><em> favourable</em>

The variance is favourable because the StuckinMyHouse book company saved $260 as a result of of his actual cost been less than the expected cost.

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Suppose the real risk-free rate is 3.00%, the average expected future inflation rate is 5.90%, and a maturity risk premium of 0.
Kamila [148]

Answer:

The answer is 9.00%

Explanation:

real risk-free rate = 3.00%

average expected future inflation rate = 5.90%

Maturity risk premium = 0.10%

The expected rate of return on a 1 year treasury security would be = the average expected future inflation rate + maturity risk premium + real risk-free rate.

= 3.00% + 5.90% + 0.10%

= 9.00%

6 0
3 years ago
CPA Inc. is a publicly traded company. The stockholders of this company delegate the authority to make decisions for the company
lapo4ka [179]

Answer:

The appropriate approach is "Principal-agent problems".

Explanation:

  • A contradiction of objectives or priority between someone individual or organization as well as the authorized accompanying documents to operate over its behalf is considered as Principal-agent problem.
  • The possession of a commodity or fundamental assigns immediate supervision of that resource to some other agency may transpire in whatsoever circumstance.
4 0
2 years ago
Pierce Company sold to Stanton Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. Pierce prepaid the
polet [3.4K]

Answer:

D. Accounts ReceivableStanton, debit $20,000; Sales, credit $20,000, and Delivery Expense, debit $500; Cash, credit $500

Explanation:

The Sale transaction must be ;

Trade Receivable -  Stanton Company  $20,000 (debit)

Revenue $20,000 (credit)

<em>Recognise the Revenue and Asset -  Stanton Company</em>

Shipping Cost  $500 (debit)

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<em>Recognise the shipping cost and de-recognise the cash asset</em>

3 0
3 years ago
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Llana [10]

Answer:

The given laws for each are as follows:

Explanation:

1. WCG agrees with its cell plan competitors to raise prices for all customers - Sherman Antitrust Act

2. WCG colludes with another company to stop offering family plan discounts - Sherman Antitrust Act

3. WCG decides to advertise a new plan that is 75 percent off the regular plan, even though it is only 20 percent less - Wheeler-Lea Act

4. WCG promises retail consumers a "wholesale" rate, even though it is the same price as always - Wheeler-Lea Act

5. WCG wants to attract more women to its plans and starts offering female consumers 30 percent off their bill - Robinson-Patman Act

6. WCG offers a discount to teenage males in an effort to get customers from its more trendy competitor - Robinson-Patman Act

5 0
3 years ago
The purpose of this category of interview questions is to learn about the interviewees personal attributes
taurus [48]

The purpose of this category of interview questions is to obtain factual information about the interviewee.

5 0
3 years ago
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