Answer:
![\left[\begin{array}{ccc}-&$June&$July\\$Units&3,800&4,300\\$Hours per Unit&0.05&0.05\\$Labor Hour&190&215\\$Rate&9.9&9.9\\$Labor Cost&1,881&2,128.5\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D-%26%24June%26%24July%5C%5C%24Units%263%2C800%264%2C300%5C%5C%24Hours%20per%20Unit%260.05%260.05%5C%5C%24Labor%20Hour%26190%26215%5C%5C%24Rate%269.9%269.9%5C%5C%24Labor%20Cost%261%2C881%262%2C128.5%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We multiply the required units by the time per units
That way we obtain the labour hours
Next we multiply by the labor rate, giving us the labor cost.
<u>Key -terms</u>
labor rate: the total cost of an employee per hour
labor hours: 1 hours of work from an employee
Inventory costing methods place primary reliance on assumptions about the flow of goods
in a traditional economy resources are controlled by the people resources are used in their natural state
<h3>What is a traditional economy?</h3>
A traditional economy can be described as a kind of economic system whereby the traditions as well as the customs, and beliefs is been used in shaping the goods as well as the services of the economy produces, in the manner of their distribution.
In this case, it should be noted that Countries that use this type of economic system are often rural and farm-based, hence traditional economy resources are controlled by the people resources are used in their natural state
Learn more about traditional economy from
brainly.com/question/12487698
#SPJ1
Answer:
Fixed overhead absorption rate
= <u>Budgeted fixed overhead</u>
Budgeted activity level
= $<u>12,000</u>
16,000 hours
= $0.75 per hour
Production volume variance
= (Standard hours - Budgeted hours) x Fixed overhead rate
= (16,250 - 16,000) x $0.75
= $187.5(F)
The correct answer is A
Explanation:
First and foremost, we need to calculate fixed overhead absorption rate, which is the ratio of budgeted fixed overhead to budgeted hours. then, we will calculate the production volume variance, which is the difference between standard hours and budgeted hours multiplied by fixed overhead absorption rate.
Answer:
I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan
Explanation:
The two options can be expressed as shown;
Option 1: Bank Wan
A=P(1+r/n)^nt
where;
A=Total amount after a given time
P=Initial deposit
r-Annual interest rate
n=number of times the interest is compounded annually
t=number of years of the investment
In our case;
P=$1,500
r=2.5%=2.5/100=0.025
n=365 days
t=1 year
Replacing;
A=1,500(1+0.025/365)^(365×1)
A=1,500(1.02530
A=1,537.97
Total amount after a year=$1,537.97 for Bank Wan
Option 2: C-T Bank
P=$1,500
r=3%=3/100=0.03
n=2
t=1
Replacing;
A=1,500(1+0.03/2)^(2×1)
A=1,500(1.015)^2
A=1,545.3375
Total amount after a year=$1,545.3375 for C-T Bank
Total amount received to be received from C-T Bank-Total amount to be received from Bank Wan
=(1,545.3375-1,537.97)=$7.3675
I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan
