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madreJ [45]
3 years ago
10

The following information describes a​ company's usage of direct labor in a recent​ period: Actual direct labor hours used 40 co

mma 000 Actual rate per hour $ 12.00 Standard rate per hour $ 11.25 Standard hours for units produced 27 comma 500 How much is the direct labor efficiency​ variance? A. $ 150 comma 000 favorable B. $ 150 comma 000 unfavorable C. $ 140 comma 625 unfavorable D. $ 140 comma 625 favorable
Business
1 answer:
insens350 [35]3 years ago
4 0

Answer:

C. $ 140 comma 625 unfavorable

Explanation:

The formula to compute the direct labor efficiency variance is shown below:

= Standard labor rate × (Standard hours for actual output - Actual hours)

where,  

Standard labor rate is $11.25

Standard hours for actual output is 27,500

And, actual hour is 40,000

Now put these values to the above formula  

So, the value would equal to      

= $11.25 × (27,500 hours - 40,000 hours)

= $140,625 unfavorable

Since actual hours is more than the standard hours so there is a unfavorable variance

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The expectations theory of the term structure of interest rates states that forward rates are determined by investors' expectati
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Answer:

forward rates are determined by investors' expectations of future interest rates.

Explanation:

The expectations theory of the term structure of interest rates states that forward rates are determined by investors' expectations of future interest rates. It suggests that the predicted holding period rate of return of a bond of "x" number of time is equal to the short-term interest rate irrespective of its maturity.

The Expectations theory gives us the opportunity to predict the future outcome of short-term interest rates based on current long-term interest rates.

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3 years ago
On average, companies that create plans have larger profits and grow much faster than companies that don't. true false
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False - because not every business plans work
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3 years ago
Mateo exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental
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Answer:

B

Explanation:

4 0
3 years ago
A firm can effectively use its operations function to yield competitive advantage through all of the following except
ira [324]

Answer:

The correct answer is b.setting equipment utilization goals below industry average.

Explanation:

A firm cannot achieve competitive advantage by setting its equipment utilization goals as this will not retain its customers.

If a firm wants to achieve competitive advantage it can achieve it by;

Addressing its customers concerns and customizes the products according to their needs.  

Providing customers their ordered products earlier than other companies lead time, which means increase in speed of delivery and shortens the delivery time.

Bring improvement and advancements in its products by using new technology.

Maintain a variety of different product options to cater the needs of its various customers. Offering them a wide range of products will probably reduce chances of customer switch.

4 0
3 years ago
The economy begins in equilibrium at point E, representing the real interest rate r1 at which saving S1 equals desired investmen
ICE Princess25 [194]

Answer:

The new equilibrium combination will be at increases I1 to I2, S1 to S2, and r1 to r2.

Explanation:

Saving or national saving of an economy is amount  of national income or gross domestic product (GPD) that is not spent by the government. Using a simple example of a closed economy, i.e. an economy with no foreign trade in terms and imports, this statement can be mathematically as follows:

Y = C + I + G .......................................... (1)

Where,

Y denotes national income (GDP), C denotes consumption, I denotes Investment, and G denotes government spending.

To get investment, equation (1) can be rewritten by making I the subject of the formula as follows:

I = Y - C - G ......................................... (2)

In economics, saving (S) is always equal to investment (I). Therefore, equation (2) can be rewritten by equating it with I as follows:

I = Y - C - G = S

I = S

Both I and S can be written as initial saving (S1) and initial Investment (I1), and we therefore have

I1 = S1 ................................................................. (3)

Equation (3) is an equilibrium E which implies that Investment (I1) is equal to saving (S1) at the initial real interest rate (r1). Real interest here denotes the price for saving and investment.

Since saving of an economy is amount  of national income or GDP that is not spent by the government, a cuts in the government spending will cause saving to rise, i..e. to S2. Since saving and Investment is always equal to investment, Investment will also rise, i.e. to S2. Increase in I1 to I2 and also in S1 to S2, will cause the real interest rate to rise to r2 at E2 which is the new equilibrium combination of real interest rate, saving, and investment

Therefore, the new equilibrium combination of real interest rate, saving, and investment if the government cuts spending, holding other factors constant, will be at increases in I1 to I2, S1 to S2, and r1 to r2.

6 0
3 years ago
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