Answer:
$1.89 per machine hour
Explanation:
With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.
Standard maintenance cost = $ 13,680 - $450
= $13,230
Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;
= $13,230 / 7,000
= $1.89
Therefore, the cost was $1.89 per machine hour.
Answer:
Find attached trial balance as well the general ledgers prepared extracting trial balance
Explanation:
Preparation of trial balance could not be carried out straightaway , I had to first of all prepare the relevant ledgers before extracting trial balance.
<span>Suppose you have $100 in a savings account earning 2 percent interest a year. ... True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.</span>
Answer:
$9.90
Explanation:
Price risk effect in year 3 = 1000*6%/3%*(1 - 1/1.03^1) + 1000/1.03 - 1000*6%/4%*(1 - 1/1.04^1) - 1000/1.04
= $9.90
Therefore, The "price risk" effect in year 3 is $9.90
