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Dimas [21]
3 years ago
14

group of winning ticket holders share equally in a ​$35 comma 000 comma 000 lottery. Before the money is​ divided, two more winn

ing ticket holders are declared. As a​ result, each​ person's share is reduced by ​$2 comma 000 comma 000. How many people were in the original group of​ winners?
Business
1 answer:
hoa [83]3 years ago
6 0

Answer:

The answer is: The original group of lottery winners was made up of 5 people.

Explanation:

The total prize amount was $35,000,000 with each original winning ticket holder earning $7,000,000.

                    $35,000,000 / 5 = $7,000,000 for each winner

When 2 more winning ticket holders show up, the total prize has to be redivided to include them.

                     $35,000,000 / 7 = $5,000,000 for each winner

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At the beginning of June, Bezco Toy Company budgeted 5,000 toy action figures to be manufactured in June at standard direct mate
Snowcat [4.5K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

<u>Standard quantity:</u>

Direct materials (pounds)= 50,000/4= 12,500 pounds

Direct materials (pounds)= 12,500/5,000= 2.5 pounds per unit

Direct labor (hours)= 36,000/18= 2,000 hours

Direct labor (hours)= 2,000/5,000= 0.4 hours

A<u>ctual quantity:</u>

Actual direct materials= (49,600/4)= 9,920 pounds

Actual direct labor= 34,020/18= 1,890 hours

Production= 4,850

T<u>o calculate the direct labor quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 2.5*4,850= 12,125

Direct material quantity variance= (12,125 - 9,920)*4

Direct material quantity variance= $8,820 favorable

<u>To calculate the direct labor time variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 0.4*4,850= 1,940

Direct labor time (efficiency) variance= (1,940 - 1,890)*18

Direct labor time (efficiency) variance= $900 favorable

8 0
3 years ago
Define federal deposit insurance corporation apush
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3 years ago
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6 0
2 years ago
Production refers to all the activities and processes used in making both tangible and intangible products.
Rzqust [24]

Usually everything would be intangible, I want to say is false

7 0
3 years ago
The downside of increased reliance on technology in the workplace includes_______. A gradual dehumanizing effect in which we los
NikAS [45]

Answer:

gradual dehumanizing effect in which we lose sight of people's personalities and humor.

Explanation:

The downside of increased reliance on technology in the workplace includes <em><u>gradual dehumanizing effect in which we lose sight of people's personalities and humor</u></em>.

Surely technological advancements in the work place help the employees a lot in making their work easier and faster. However this also makes them dependent on technology. Resulting in a dehumanizing effect where the worker's ability and hard work is not seen by other people.

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