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kenny6666 [7]
2 years ago
9

XYZ Industries makes heavy construction equipment. The standard for a crane calls for 20 direct labor-hours at $24 per direct la

bor-hour. During a recent period 875 cranes were made. The labor efficiency variance was $1,200 Unfavorable. How many actual direct labor-hours were worked
Business
1 answer:
padilas [110]2 years ago
7 0

Answer:

17,550

Explanation:

Labor efficiency variance = Standard rate * (Actual hours - Standard hours)

$1200 = $24 * (Actual hours - 875*20)

50 = Actual hours - 17,500

Actual hours = 17,500 + 50

Actual hours = 17,550

So, the actual direct labor-hours which were worked is 17,550.

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A business should endeavor to be socially responsible in its actions and conduct under what set of circumstances?
serg [7]

Answer: All of the above

Explanation:

A company should endeavour to be socially responsible if it will result in any of the listed circumstances as they are all benefits.

If this would increase the company's competitive advantage it should be embarked on as it would lead to the company having a better position in the market. It can also reduce the cost to the company of reputation damaging incidents.

A company having improved efficiency and workforce retention is a good company and if socially responsible actions will bring that, the company should do it. And with the purpose of a company being to maximise shareholder value, a company should definitely engage in socially responsible actions if there is a high correlation between CSR and stock price.

3 0
3 years ago
General Snacks is a typical firm in a market characterized by the model of monopolistic competition. Initially, the market is in
Harrizon [31]

Answer:

Firms will leave the market in the long run.

Explanation:

Firms will leave the market in the long run.

Generally, the new firms enters in the market because the incumbent firms makes super normal profit. So in the long run, the continuous entry of firms will make the profit zero. Thus, when there is zero profit in the long run then the firms will start leaving the market and the demand for remaining firms will start rising because when firms start leaving the market then supply falls.

7 0
2 years ago
The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders
Arada [10]

Answer:  Has competitively valuable value chain match-ups with the company's present businesses such that its businesses can perform better together than apart.

Explanation:

The better-off test of diversification is that the company must gain a return that is higher than incremental growth. Incremental growth is usually defined a 1 + 1 = 2 formula and this test argues that Diversification must provide more than this such that the company achieves synergistic growth ( 1 + 1 = 3) which is what happens when different entities work better together than alone.

Diversification should therefore be into an area that will be able to match-up with the company's present businesses such that its businesses can perform better together than apart and produce even greater returns.

5 0
3 years ago
Aviation Systems sells its products with a three-year manufacturing warranty. The company’s sales revenue is $600,000. Based on
Wewaii [24]

Answer:

$30,000

Explanation:

The computation of the warranty expense record this year is shown below:

= Sales revenue × estimated percentage

= $600,000 × 5%

= $30,000

We simply multiplied the sales revenue with the estimated percentage given in the question so that the accurate amount can come.

All other information which is given is not relevant. Hence, ignored it

4 0
3 years ago
A. how much would the firm’s revenue change if it lowered price from $12 to $10? is demand elastic or inelastic in this range?
Alekssandra [29.7K]
Its InElastic Because It Lowered Hope It Helped :)
8 0
3 years ago
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