Direct labor is manufacture or services labor that is allocated to an exact product, cost focus, or work order.
To solve this, the equation would be: price variance / direct labor hours x standard rate of pay
So plugging in our data:
= 10,500 / 10,500 + 12
= 13
The actual rate is $13 per direct labor hour.
Answer: $4,400 Loss Amortization
Explanation:
At the start of the year x9, Fox Inc's projected benefit obligation exceeds the fair value of plan assets. Therefore, we we will have to amortize the unrecognized gain or losses over the remaining services period which is 15 years.
Unrecognized net losses = $396,000
Less: Exceeding = (330,000)*
Excess 66,000
Divide by remaining service 66,000/15 = $4,400
*Exceeding = beginning projected benefit obligation (3,300,000) x 10% = 330,000
Answer:
The quantity of newspapers sold will decline if
d. newsprint becomes more expensive.
Explanation:
The reason for this is the demand curve. The demand curve is the relationship between the price of newspaper and the quantity demanded. As price rises, people would have less capacity and willingness to buy newspaper therefore reducing the quantity sold.
Why not other options:
a. magazine prices rise- magazine is a substitute of newspaper and if price of magazine rises then people will start buying more newspaper and therefore increasing the sales of newspaper instead of declining.
b. prices are reduced- If the prices are reduced, more and more people will have capacity to buy newspaper thus increasing sales instead of reduction.
c. the printers' union makes wage concessions- If cost of manufacturing newspaper is decreased(union takes low salaries now), selling price will also be lowered. This will result in increase of sales of newspaper rather than reduction
Answer:
studying
Explanation:
The coming together by students not to study is an example of collusion in an oligopoly.
An Oligopoly is when there are few large firms operating in an industry. Collusion is when people come together and decide on a particular course of action. It is usually non competitive
The dominant strategy here is to study.
Dominant strategy is the best option for a player regardless of what the other players are doing.
the students prefers to study more and get an A or to study the same amount as other students and get a C. Her least preferred option is an F. Since she does not know the actions of the other students, are best option is to study