In January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
1 answer:
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Answer:
Explanation:
std rate $9.00
actual rate $8.50
standard hours 5,200
Total variance: 390 Favorable
Rate variance:
Efficiency
Total:
rate + efficiency
We plug our know values and solve:
0.5actual hours + 46,800 - 9actual hours = 390
46,800 - 390 = 8.5 actual hours
46,410/8.5 = actual hours = 5,460
now we calculate each variance:
rate: 2,730
efficiency (2,340)
Answer:
I will accept the offer if the price per painting is $56,312.41 or higher.
Explanation:
We will calculate the present value of the other option which is, selling our painting as a freelancer.
C 315,000.00
time 5
rate 0.2
PV $942,042.8241
Now, we subtract the signing bonus of 100,000
942,042.83 - 100,000 = 842,042.83
And solve for the annual proceeds from the painting we need to equalize the opportunity cost:
PV 842,042.83
time 5
rate 0.2
C $ 281,562.03
Now, we divide by the 5 painting per year:
$281,562.03 per year / 5 painting per year = $56,312.41