Answer:
Direct labor time (efficiency) variance= $6,270 favorable
Explanation:
Giving the following information:
Standard= Direct labor 0.4 hours $ 11.00 per hour
Actual output 2,600 units
Actual direct labor-hours 470 hours
To calculate the direct labor efficiency variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 0.4*2,600= 1,040
Direct labor time (efficiency) variance= (1,040 - 470)*11
Direct labor time (efficiency) variance= $6,270 favorable
Answer:
8%
Explanation:
The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
The IRR can be calculated using a financial calculator.
Cash flow in year zero = $-165,000
Cash flow each year from year one to seven = $31,692
IRR = 8%
To find the IRR using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
I hope my answer helps you
Answer:
under activity-based costing the sum of all product costs does not equal the total costs of the company.
Explanation:
The method of an activity-based costing system can be used use to find the total cost of all the activities that are required to make a product. This system also helps to find out which overhead costs can be avoided.
An activity-based costing system that is designed for internal decision-making will not conform to generally accepted accounting principles because under activity-based costing the sum of all product costs does not equal the total costs of the company.
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