Answer:
Direct labor rate variance= $12,575 unfavorable
Explanation:
Giving the following information:
Last year, the company’s direct labor payroll totaled $352,100 for 50,300 direct labor hours. The standard wage rate is $6.75 per direct labor hour.
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= 352,100/50,300= $7 per hour
Direct labor rate variance= (6.75 - 7)*50,300
Direct labor rate variance= $12,575 unfavorable
Answer:
Option C is the correct answer - the adoption curve shows that some groups accept a new idea before others.
Explanation:
The innovation adoption curve matches the entry of users into various categories. It is used to separate customers based on their readiness to accept new technology or an idea.
Normally, the first set of people to adopt the new idea or the technology are the innovators.
Therefore, option C is the correct answer - the adoption curve shows that some groups accept a new idea before others.
The answer to this question is the clean air act. The clean air act or CAA is a law which regulates the air emissions from sources like cars, factories, etc. The clean air act prevents air pollution and makes it a point that we will have a clean air for everybody's benefit.
Answer:
(a) 1.11
(b) 0.96
(c) 0.51
(d) Apple has more liquidity than HPQ.
Explanation:
(a) Current Ratio
:
Current ratio is a liquidity ratio, which measures the firm’s ability to pay off its short-term obligations.
Current Ratio = Current Assets ÷ Current Liabilities
Apple’s current ratio:
= $89.75 ÷ $80.59
= 1.11
(b) Quick Ratio
:
Quick ratio is more stringent measure of liquidity. It does not include inventory and other assets that are not liquid.
Quick ratio = (cash + marketable securities + receivables) ÷ current liabilities
Apple’s quick ratio:
= ($41.39 + $35.97) ÷ $80.59
= 0.96
(c) Cash ratio
Cash ratio is a conservative liquidity measure.
Cash ratio = (cash+ marketable securities) ÷ current liabilities
Apple’s cash ratio:
= $41.39 ÷ $80.59
= 0.51
(d) Apple has more liquidity than HPQ.
Though the current ratio of both the companies is the same, Apple has a higher quick ratio and cash ratio.
The reason is because HPQ has a high amount of inventory. Apple is more equipped to meet its short-term obligations.