Answer: See explanation
Explanation:
a. The actual direct labor rate per hour will be:
= Standard direct labor rate per hour - favorable labor rate variance
= $11 - $0.40
= $10.60
Then, the actual direct labor hours worked during July will be calculated as:
= (5910 × $11) - $350 / $10.6
= ($65010 - $350) / $10.6
= $64660 / $10.6
= 6100
b. The direct labor rate variance will be:
= (Actual rate per hour - standard rate per hour) × Actual labor hours
= (10.60 - 11.00) × 6100
= 2440F
Direct labor efficiency variance will be:
= (6900 - 5910) × $11
= 2090U
The direct labor rate variance that was favorable shows that the manager paid a lower rate to its staffs while the direct labor efficiency variance that was unfavorable implies that the manager used less efficient workers. This indicates that a trade-off took place.
= (6900
Answer:
a
Explanation:
Property risk is an example of a pure risk.
Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks
Property risk is the risk that a person or company's property would be damaged or lost.
For example, if a building is set on fire or if a car is stolen
Answer:
C. Consumers want more video game systems then the company can make.
Answer:
The correct answer is letter "D": misappropriation theory.
Explanation:
The misappropriation theory states that someone who uses insider information in trading securities is guilty of securities fraud. That person could be convicted for insider trading because this is a deceptive practice. This theory aims to protect the securities markets with equal accessibility to information.
Answer:
The net cash flow is $560,000
Explanation:
The computation of the net cash flow is shown below:o
= Operating income + depreciation - tax expense
= $700,000 + $140,000 - $280,000
= $560,000
The tax expense is calculated by
= Operating income × tax rate
= $700,000 × 40%
= $280,000
For computing the net cash flow, we have to add the depreciation expense and deduct the income tax expense.
