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3 years ago

The following data relate to direct labor costs for the current period:

Business

1 answer:

mr Goodwill [35]3 years ago

3 0

Answer:$2,125 unfavorable

Explanation:

Given

Standard costs 9,000 hours at $5.50

Actual costs 8,500 hours at $5.75

we have two formulas to calculate for direct labor rate variance is:

1ST ----Direct Labor rate variance = (Actual Rate- Standard Rate ) x Actual hour

=( $5.75 -$5.50) x 8,500 = $2,125 unfavorable

2ND----Direct Labor Rate Variance=Actual Direct Labor Cost Incurred - Standard Direct Labor Cost Based on Actual Hours

=Actual Hours x Actual Rate -Actual Hours x Standard Rate

= ($5.75 x 8,500 hours)-($5.50 x 8,500 hours)

$48,875 - $46,750 = $2,125 unfavorable

when the actual rate is higher than the standard rate, the Direct Labor Rate Variance is unfavorable and if the actual rate is lower than standard rate, the variance is favorable.

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The 2016 financial statements of CVS Health Corporation reported the following information (in millions): 2016 2015 Net sales $1

Serggg [28]

Answer:

option (D) 10.34

Explanation:

The inventory turnover ratio for 2016 will be given as:

= [Cost of goods sold ] ÷ Average inventory

also,

Cost of goods sold in 2016 = $148,669

Average inventory = [ 2015 inventory + 2016 inventory ] ÷ 2

= [ 14,001 + 14,760 ] ÷ 2

= 28761 ÷ 2

= 14,380.5

Therefore,

The inventory turnover ratio for 2016 = $148,669 ÷ 14,380.5

= 10.34

Hence,

The answer is option (D) 10.34

8 0

3 years ago

Hello. My name is Eric! I'm looking for some advice on what type of investments to consider. I'm 53, my kids are through college

lukranit [14]

Answer:

donate it to a charity.

Explanation:

6 0

3 years ago

An investment earned the following returns over a four-year period: 28 percent, 21 percent, 1 percent, and -36 percent. What is

riadik2000 [5.3K]

Answer:

A) 0.0618

Explanation:

Variance is given by:

$V = \frac{\sum(Xi - \mu)^2}{n}$

Where 'Xi' is the value for each term 'i' in the sample of size 'n' and μ is the sample mean.

The mean investment return is:

$\mu = \frac{0.28+0.21+0.01-0.36}{4} \\\mu = 0.035$

The variance is:

$V = \frac{\sum(Xi - \mu)^2}{n}\\V = \frac{(0.28- 0.035)^2+(0.21- 0.035)^2+(0.01- 0.035)^2+(-0.36- 0.035)^2}{4}\\V= 0.0618$

The variance of the returns on this investment is A) 0.0618.

4 0

3 years ago

If the nominal interest rate is 4 percent and the inflation rate is 6 percent, then the real interest rate is a.-4 percent. b.-2

marta [7]

The real interest rate given the nominal and inflation rate is -2 percent

<h3>How to calculate the real interest</h3>

The formula for calculating real interest given the nominal and inflation rate is expressed as:

Real interest rate ≈ nominal interest rate − inflation rate

Given the following

Real interest = 4%

inflation rate = 6%

Substituting into the formula

Real interest rate = 4% - 6%

Real interest rate = -2%

Then the real interest rate given the nominal and inflation rate is -2 percent

Learn more on real interest here: brainly.com/question/25545513

7 0

2 years ago

Using Statement of Cash Flows Information to Assess Company Life-Cycle Stage

yKpoI14uk [10]

Answer:

Explanation:

Operating Investing Financing Cycle

3751 (2404) 1381 Growth

1102 2054 (759) Maturity

20 (480) 926 Growth

(2580) (4200) 7508 Introduction

(409) 5581 (2356) Declining

2281 (3451) 1957 Growth

6385 3272 (1958) Maturity

(365) (1678) (3478) Declining

In the introduction phase , cash flow from the operating and investing activities are negative as the company generate cash for investment through financing activities for operation

In the growth phase , the activities begin to pay off gradually while investing is still on simultaneously as operating activities generate a positive cash flow , investing negative and finance positive

In the maturity phase , company start to pay offset debt and buy back the stock as the business appears stable. Operating and financing activities generate a positive cash flow and financing negative.

In declining stage ,sales begin to fall and operating activities nosedive , investing may be positive as assets are being sold off and financing activities negative.

5 0

3 years ago