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nikdorinn [45]
3 years ago
5

The following labor standards have been established for a particular product:

Business
1 answer:
andrey2020 [161]3 years ago
4 0

Answer:

Results are below.

Explanation:

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

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

Direct labor rate variance= (17.7 - 17.8)*7,600

Direct labor rate variance= $760 unfavorable

Actual rate= 135,280/7,600= $17.8

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

Direct labor time (efficiency) variance= (4*1,800 - 7,600)*17.7

Direct labor time (efficiency) variance= $7,080 unfavorable

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In recent years, U.S. manufacturing has experienced ___________ productivity.
Naily [24]

Answer:

The correct answer is "rising"

Explanation:

Rising productivity = Increases the GDP

Gross domestic product (GDP) is a monetary measure of the market value that contemplates all the productivity of a country. The USA manufacturing has experienced an increase or rising productivity during the last years.

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3 years ago
In 3-5 sentences, what aspects of economic growth may not be reflected in the GDP of a country?
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3 years ago
A company has outstanding 10 million shares of $2 par common stock and 1 million shares of $4 par preferred stock. The preferred
deff fn [24]

Answer:

C. Preferred stockholders will receive the entire $300,000 and they must also be paid the remaining $20,000 sometime in the future before common stockholders will receive any dividends.

Explanation:

Preferred shares have preference over the common shares in respect of dividend. Since $300,000 is paid as dividend, the entire amount has to be paid to the preferred shareholders, as the total amount payable to them as dividend = $1,000,000 * 4 *8% = $320,000, which is more than the total dividend declared.

In addition, as the preferred shares have cumulative dividend preference the shortfall in any year is to be carried forward and paid in the year in which dividends are paid and that too before any dividend is paid to the common shareholders.

3 0
3 years ago
Who can sign a determination and findings justifying the use of an award-fee contract
Elodia [21]

A person that in at least one level higher than the contracting officer is allowed to sign a determination and findings justifying the use of an award-fee contract. An award fee contract is defined as additional profit or fee aount that is awarded based on evaluations during different periods of time for contractors on their performance. This type of evalution is done based on the specific company and their needs.  

3 0
3 years ago
Brooks Co. purchases debt investments as trading securities at a cost of $66,000 on December 27. This is its first and only purc
Thepotemich [5.8K]

Answer:

                                                  Dr.               Cr.

December 31

*Securities FV adjustment      $6,000

Unrealized Gain                                       $6,000

January 3

Cash                                         $4,000

Securities FV adjustment                        $1,000

Trading Securities                                    $3,000

* Securities FV adjustment is a sub asset account of trading securities.

Explanation:

Trading security are reported on its fair market value at each period end. The gain or loss should be recorded.

Dec 27, Purchase price = $66,000

Dec 31, Fair value = $72,000

Unrealized gain = $72,000 - $66,000 = $6,000

3 0
4 years ago
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