Answer:
a. 150 hours
b. 24.2 hours
Explanation:
Given
Motor tune-up
Standard Hours 2.5
Standard Rate $25.00
Standard Cost $62.50
Labor rate variance $ 150 F
Labor spending variance $ 200 U
Tuneups = 50
a.
Efficiency Variance = Labor Rate Variance + Labor Spending Variance
Efficiency Variance = 150 + 200 = 350
Total Standard Rate = Standard Rate * Actual Hours
Total Standard Rate = 25 * AH
Total Standard Hours = Standard Hours * Turn ups
Total Standard Hours = 2.5 * 50= 150
Efficiency Variance = Standard Rate (Actual Hours - Total Standard Hours)
350 = 25 (AH - 150)
14 = AH - 150
AH = 150 + 14
AH = 164 hours
b.
Rate Variance = AH (Actual Rate - Standard Rate)
Where AH = 164
Actual Rate = ?
Standard Rate = 25
Rate Variance = -150 ---- Given
So
-150 = 164(AR -25)
-150/164 = AR - 25
AR = 25 - 150/164
AR = 3950/164
AR = 24.08537 ---
AR = 24.1 --- Approximated
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The company plans to sell 3,500 pairs of shoes at $60 each in the coming year. The unit variable cost is $21.
1) We need to use the following formula:
variable cost ratio= Variable cost/ selling price
variable cost ratio= 21/60= 0.35
2) We need to use the following formula:
Contribution margin ratio= (selling price - unitary variable cost) / selling price
Contribution margin ratio= (60 - 21) / 60= 0.65
The pitch....for a sales and marketing item or scam.
Answer:
x1.044 - x
Explanation:
The formula for calculating compound interest is as below
FV = PV × (1+r)^n
where FV = Future Value
PV = Present Value
r = annual interest rate
n = number of periods
How much would x dollars earn in 1 year at a rate of 4.4% compounded annually?
In this case, PV =X, r =4.4% and n=1
FV = x x ( 1+4.4/100)^1
Fv = x x( 1.044)^1
Fv = x1.044
x dollars will earn x1.044 - x
Answer:
A. $52,020
B. $0
C. $208,080
Explanation:
a. Computation of Rafael's realized gain on the exchange
Using this formula
Realized gain=Fair market value -Adjusted basis
Let plug in the formula
Realized gain= $190,740-$138,720
Realized gain=$52,020
Therefore a. Rafael's realized gain on the exchange is $52,020
b. Based on the information given Rafael's recognized $1031 gain is $0 reason been that
NO BOOT WAS RECEIVED
c. Computation for Rafael's $1245 depreciation recapture Amount
Using this formula
Depreciation recapture Amount=Equipment originally cost -Adjusted basis
Let plug in the formula
Depreciation recapture=$346,800-$138,720
Depreciation recapture=$208,080
Therefore Rafael's $1245 depreciation recapture of $208,080 is carried over to the replacement property
