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MArishka [77]
3 years ago
12

The following labor standards have been established... The following labor standards have been established for a particular prod

uct: Standard labor hours per unit of output 4.4 hours Standard labor rate $ 16.70 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 5,200 hours Actual total labor cost $ 87,360 Actual output 1,100 units
Required:
a. What is the labor rate variance for the month?
b. What is the labor efficiency variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
Business
1 answer:
anyanavicka [17]3 years ago
8 0

Answer:

Results are below.

Explanation:

Giving the following information:

Standard labor hours per unit of output 4.4 hours

Standard labor rate $ 16.70 per hour

Actual hours worked 5,200 hours

Actual total labor cost $ 87,360

Actual output 1,100 units

<u>To calculate the direct labor efficiency and rate variance, we need to use the following formulas:</u>

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (16.7 - 16.8)*5,200

Direct labor rate variance= $520 unfavorable

Actual rate= 87,360/5,200= $16.8

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (1,100*4.4 - 5,200)*16.7

Direct labor time (efficiency) variance= $6,012 unfavorable

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a. Suppose the marginal propensity to consume (MPC) for a nation is 0.67. What is the tax multiplier for this nation
algol [13]

Assuming the marginal propensity to consume (MPC) for a nation is 0.67. The tax multiplier for this nation is: 2.03.

<h3>Tax multiplier</h3>

Using this formula

Tax multiplier=-MPC/1-MPC

Where:

Marginal propensity to consume (MPC)=0.67

Let plug in the formula

Tax multiplier=0.67/1-0.67

Tax multiplier=0.67/0.33

Tax muitiplier=2.03

Inconclusion the tax multiplier for this nation is: 2.03.

Learn more about  tax multiplier here:brainly.com/question/16965373

7 0
2 years ago
The daily demand for parts from a machining workcell JMB to an assembly workcell is 1,600 units. The average processing time is
Karolina [17]

Answer:

Daily demand for parts = 1600 units

Avg processing time = 25 seconds.

Capacity of a container = 250 units

Waiting time of a container before the JMB = 6 hours

Number of containters currently deployed = 10

Solution:

Total number of parts carried by the containter = 10 x 250 = 2500 parts.

Total numbers carried in excess as safety stock = 2500-1600 = 900

Percentage of safety stock = (900/1600) x 100 = 56.25%

If one container is removed total parts carried = 2250 units

Processing time at machine for 250 parts after loading in JMB = 250 x 25 seconds = 1.736 hours, but it has to wait for another 4.26 hours for the next container to be loaded because of the waiting time of the containter is 6 hours.

Processing time at machine for 1600 parts = 1600 x 25 seconds = 11.11 hours

Number of containers required for 1600 parts = 1600/250= 6.4 ~ 7 containters

Waiting time of 7 containers = 7 x 4.26 = 29.82 hours.

If one of the containers has to be removed 1600 parts has to be carried in 6 containers ie., 29.82hours - 6 hours = 23.82hours

Waiting time per container before loading = 23.82/6 = 3.97 hours.

Reduced Total waiting time of the container = 3.97 hours + the processing time of 250 parts = 3.97 + 1.736 =5.7hours ~ 5 hours and 42 minutes

4 0
4 years ago
Feeney Furniture prepared the following sales budget: Month Cash Sales Credit Sales March $19,000​ $11,000​ April $40,000​ $11,0
marusya05 [52]

Answer:

total cash collections in June = $101050

so correct option is A. $101,050

Explanation:

given data

month              cash sales                    credit sale

march                $19,000                        $11,000

April                   $40,000                       $11,000

May                    $43,000                       $35,000

June                   $59,000                       $50,000

to find out

total cash collections in June at Feeney Furniture

solution

we find here total cash collections in June that is express as

total cash collections in June = cash sale in June  + ( credit sale in June × 62% ) + ( credit sale in May × 30%) +  ( credit sale in April × 5%)   .............1

put here value we get

total cash collections in June = $59000  + ( $50000 × 62% ) + ( $35000 × 30%) +  ( $11000 × 5%)

total cash collections in June = $101050

so correct option is A. $101,050

8 0
4 years ago
Read 2 more answers
According to 1968 research by Ball and Brown, securities markets fully adjust to earnings announcements _______.A. instantlyB. i
Shtirlitz [24]

Answer:

D. gradually over time

Explanation:

According to 1968 research by Ball and Brown, securities markets fully adjust to earnings announcements gradually over time

6 0
3 years ago
Melanie has a balance of $1700 on a credit card with an apr of 24.2%, compounded monthly. about how much will she save in intere
slamgirl [31]
She will save about $267.27 ($2160.24 - $1892.97) in interest over the course of a year if she transfers her balance to a credit card with an apr of 10.8%, compounded monthly. This problem can be solved using the compounding interest formula which stated as A = P*(1+i)^n. A is the amount affected by the compounding interest, i is the interest rate, and n is the period of time. You must find the amount using the 24.2% and 10.8% compounding interest and find the difference between them.
4 0
3 years ago
Read 2 more answers
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