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3 years ago

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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Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the

Eduardwww [97]

Answer:

Split-off point:

The split-off point is the point at which products from the joint process appear and are identified. The costs which are incurred up to the split-off point are called joint costs and the costs that are incurred after the split-off point are called as

Separable costs. Some joint products which emerge from joint process can be sold at the split-off point or some products can be put to further processing.

Compute the profit or loss from the three products as shown below'

Description A B C

Selling price after further processing 20 13 32

Selling price at the split off point 16 8 25

Incremental revenue per pound or gallon 4 5 7

Total quarterly output in pounds or gallons $15,000 $20,000 $4,000

Total incremental revenue $60,000 $100,000 $28,000

Total incremental processing costs $63,000 $80,000 $36,000

Total incremental profit or (loss) ($3,000) $20,000 ($8,000)

Therefore the products A and C are need to be sold at the split off point and he product B should be processed further to earn good profits.

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3 years ago

What does the word Psychology means ?

nevsk [136]

Psychology is the study of behavior and the minds functions.

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3 years ago

Read 2 more answers

At the present time, Water and Power Company (WPC) has 5-year noncallable bonds with a face value of $1,000 that are outstanding

kicyunya [14]

Answer:

6.53%

Explanation:

For computing the after cost of debt we need to use the RATE formula i.e to be shown in attached spreadsheet. Kindly find it below:

Given that,

Present value = $1,050.76

Future value or Face value = $1,000

PMT = 1,000 × 10% = $100

NPER = 5 years

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after applying this above formula

1. The pretax cost of debt is 8.70

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 8.70% × ( 1 - 0.25)

= 6.53%

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3 years ago

A bakery makes a limited number of croissants each day for sale in its coffee shop. The croissants cost $1.00 each to produce an

slamgirl [31]

Answer:

$0.40 ; $1 and $71.43%

Explanation:

The computation is shown below:

Excess cost is

= Unit cost - Salvage Value

= $1 - $0.60

= $0.40

The shortage cost is

= Selling value - unit cost

= $2 - $1

= $1

And, the optimal service level is

= Shortage cost ÷ (Shortage cost + excess cost)

= $1 ÷ $1.60

= 71.43%

Basically we applied the above formulas

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3 years ago

A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a(n)

tino4ka555 [31]

A licensee who assists one or more parties through a transaction without being an agent for any party to the transaction is a <u>Statutory broker.</u>

<h3>What is a Statutory broker?</h3><h3 />

A statutory broker refers to a broker or a salesperson that is able to assist the parties in a transaction even though they are not an agent for either of the parties in the transaction.

Statutory brokers have regulations that they must follow however and in certain states, they need to be residents of a state.

Find out more on brokers at brainly.com/question/17085854

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2 years ago