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eimsori [14]
3 years ago
13

Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of

the labor records were destroyed during a recent fire. The actual hours worked during August were 2,750, and the total direct labor budget variance was $1,430 unfavorable. The standard labor rate was $17.60 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,850 for August.
Required:
a. Calculate the actual direct labor rate paid per hour during August.
b. Calculate the dollar amount of the direct labor efficiency variance for August.
c. Calculate the standard direct labor hours allowed for the actual level of activity during August.
Business
1 answer:
GREYUIT [131]3 years ago
8 0

Answer:

a. (AR-SR)* Actual hours = Labour rate variance  

Actual rate = (-3,850/2,750) + $17.60

Actual rate = -$1.4 + $17.60

Actual rate = $16.20

b. Direct labour efficiency variance for August = Total direct labour budget variance - Direct labour rate variance

= 1,430 - (-$3,850)

= $5280 Unfavourable

c. Direct Labour efficiency variance = (AH-SH)*SR

5280 = (2,750 - SH) * 17.60

(2,750 - Standard hours) = 5280/17.60

(2,750 - Standard hours) = 300

Standard hours = 2,750 - 300

Standard hours = 2,450

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2 years ago
Assume a​ Cobb-Douglas production function of the​ form: q equals 10 Upper L Superscript 0.33 Baseline Upper K Superscript 0.75.
Gnesinka [82]

Answer:

Since 0.33 + 0.75 = 1.08 is greater than one, this production function therefore exhibits increasing returns to scale.

Explanation:

From the question, we have the following restated equation:

q=10L^{0.33} K^{0.75}

Where q is the output, and L and K are inputs

To determine the types of returns to scale, we increase each of L and K inputs by constant amount c as follows:

q = 10(cL)^{0.33}(cK)^{0.75}

We can now solve as follows;

q = 10c^{0.33+0.75} L^{0.33}K^{0.75}

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Since 0.33 + 0.75 = 1.08 is greater than one, this production function therefore exhibits increasing returns to scale.

4 0
3 years ago
What is the mathematical formula that you would use to describe the financial activity on a bank statement?.
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Ending Balance = Previous Balance + Deposits - Withdrawals is the mathematical formula that you would use to describe the financial activity on a bank statement.

In the Given Formula, the Previous Balance is the amount of money that you had in your bank account on the first date of the bank statement.

The term "Deposits" will include all the money that was deposited into your bank account. The term "Withdrawal" will include all the money that was taken out or withdrawn from your bank account.

At the end of the bank statement, the ending balance is shown which will include the previous balance and the difference between deposits and withdrawals.

If you need more information about deposits, click here:

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4 0
2 years ago
Helppppppp me please?!!!
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Answer:

idk lol I just use this just so I can get my work done

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Hey I really need help with this one<br> May be a good guess
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Answer:

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