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Oxana [17]
3 years ago
6

Carnival Enterprises produced 8,000 completed units of a product. According to manufacturing specifications, standard hours for

each unit is equal to 2 hours. The company's actual total labor cost amounted to $200,600 for 17000 direct labors actually used. If the standard labor cost per hour is $12, Carnival's labor rate variance is: A. $2,000F B. $2,000UF C. $3,400F D. $3,400UF
Business
1 answer:
puteri [66]3 years ago
6 0

Answer:

C. $3,400 F

Explanation:

The computation of the direct labor rate variance is shown below:

Direct Labor Rate Variance  

= (Standard rate - Actual rate) × Actual hours

= ($12 - $200,600 ÷ 17,000 labor hours) × 17,000 direct labor hours

= ($12 - $11.8) × 17,000 direct labor hours

= $3,400 favorable  

Since standard cost is more than the actual cost which leads to favorable balance

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Answer:

We can withdraw an equivalent annuity of  $ 293.658 each year.

Explanation:

We build a scheduled table to know the future value of the gradient investment

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1  $100.00   $100.00  $100.00           0.060   $106.00

2  $106.00   $100.00   $206.00   0.060   $218.36

3  $218.36   $200.00   $418.36   0.060   $443.46

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Then, we solve for the equivalent annuity-due:

PV \div \frac{1-(1+r)^{-time} }{rate}(1+rate) = C\\

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rate 0.06

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Itis annuity due as we will going to retire cash in a 6 year period for  seven times. (at each year-end during 6 years thus, annuity-due

1st      2nd     3rd   4th    5th    6th   7th

/-------/-------/-------/-------/-------/-------/-------/

         1       2       3        4      5        6       7

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90,000  =   10.6366A

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