Answer:
Flexible budget cost formula for indirect labor is $0.25 per DL hours
Explanation:
Flexible budget cost for indirect labor = Actual indirect labor cost + Associated spending variance
= $5,780 + $245
= $6,025
Flexible budget cost formula for indirect labor= Flexible budget cost for indirect labor / Direct labor-hours
= $6,025 / 24,100 DL hours
= $0.25 per DL hours
Answer:
present value = $9320.06
Explanation:
given data
cash flow 1 year C1 = $500
cash flow 2 year C2 = $1000
pay 3 year C3 = $800
interest rates r = 10 percent per year = 0.10
solution
we get here present value that is
present value = 
....................1
put here value and we will get
present value = 
present value = $9320.06
Answer:
Quality assurance team, authorized factories and suppliers
Explanation:
H&M is a renowned fashion brand and it is expected to provide the best quality of products. As mentioned that H&M does not own the factories or the suppliers, then the firm will have to implement strict policies to ensure the quality of the product is maintained. Below are the measures that H&M can take to ensure only a high quality product comes out of the brand:
1. Quality assurance team: is the most needed and crucial department of H&M. This department needs to ensure the product entering and leaving with the name of H&M are able to maintain the standard of the brand. A hired team of professionals with strict instructions need to asses all the products and clear them if they pass the required tests of quality.
2. Authorized factories: ensuring that the makers of the product for H&M are reputable and are cleared by their own legal systems. In this manner the certainty of receiving a reliable quality and product.
3. Authorized Suppliers: having a trusted supplier assures the supply of a trusted product. Outsourcing the creation of its product, H&M needs to ensure that its suppliers can be trusted. Thus a thorough research into the suppliers need to be made to ensure the highest quality of products.
Answer:
Interest revenue = $56
Explanation:
Interest on note receivable calculation:
Note receivable amount × Interest rate × Numbers of period
Given,
Note rwceivable amount = $2100
Interest rate = 8%
Number of period = 6 month
Putting the values into the formula we can get
Interest on note receivable calculation =$2100 × 8% × (6/12)
= $168 × (6/12)
Interest for the notes Receivable for 6 months = $84
The note receivable will be matured on March 1 2022. But we have to calculate the interest for 2021. Therefore Middleton Corp. Will report interest revenue = $84 × (4/6)
= $56
