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Step2247 [10]
3 years ago
14

The following data are given for Harry Company:

Business
1 answer:
katrin [286]3 years ago
4 0

Answer:

$7,732 unfavorable

Explanation:

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

Direct labor rate variance = Actual time taken × (Standard rate - actual rate)

= 5,021 labor hours × ($14.71 - $81,591 ÷ 5,021 labor hours)

= 5,021 labor hours × ($14.71 - $16.25)

= $7,732 unfavorable

Since the actual rate is more than the standard rate so it would be lead to unfavorable variance

This is the answer but the same is not provided in the given options

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Bill's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking
Alex777 [14]

Answer:

Raise the marketing spend to raise visibility.

Explanation:

In simple words, the best way for the company to hold their position in the market is to strengthen their customer base and this can be done by performing more promotion. By doing so, they can attract more people to use their product and the new company will have to try harder to capture the market.

Thus, the best option for the company is to raise promotional activities.

6 0
3 years ago
An increase in interest rates affects aggregate demand by
skad [1K]

Answer:

Option (B) is correct.

Explanation:

When there is an increase in the interest rate then as a result this will shift the aggregate demand curve leftwards. This is because of the fall in one of the component of aggregate demand curve that is investment.

Increased interest rate will reduce the investment demand and hence shifts the aggregate demand curve rightwards. This increase in the interest rate will also increase the reserves of the banks.

When there is a leftward shift in the AD curve then as a result there is a fall in both real GDP and Price level in an economy.

5 0
4 years ago
Suppose a bank enters a repurchase agreement in which it agrees to buy Treasury securities from a correspondent bank at a price
Cloud [144]

Answer:

Yield with 6-day maturity is 7.70%

Yield with 18-day maturity is 2.57%

Explanation:

The formula for yield on repurchase is given as:

y = ( PAR – P ) / P x (360 / t )

P=Purchase price

PAR=Repurchase price

t= number of days of the transaction

In first scenario,PAR is $39 million,P is $38.95 million and t=6

y=($39000000-38950000)/38950000*(360/6)

y=7.70%

In the second scenario,details remained the same except for t that is 18

y=($39000000-38950000)/38950000*(360/18)

y=2.57%

This implies the longer the maturity the lesser the yield since yield is computed on daily basis.

3 0
4 years ago
Star workers and star athletes share a high need for​ ______________.
djverab [1.8K]

Star Workers and Star Athletes share a high need for achievement.  

A need for achievement, also know as N-Ach, describes <u>how an individual has a desire to attain either one of these or a combination: skill mastery, great accomplishments, or high standards</u>.

Star workers and athletes are usually individuals who have a high need to become the best or reach great accomplishments in their field, thus it is accurate to say that both groups will have a high need for achievement.

7 0
3 years ago
Which of the following attributes of a competitor is important in strategic planning?
emmasim [6.3K]
I think the answer is all of the above
8 0
3 years ago
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