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Elenna [48]
3 years ago
13

Trendy Coats is looking at financials to prepare end of year reports. Actual hours used were 4,000. Standard hours allowed were

5,000. Actual wage paid per hour was $13. The total labor flexible budget variance was ($23,000) Favorable. What was Trendy Coat’s standard price? Select one: a. $15.00 b. $12.00 c. $17.00 d. $13.50
Business
1 answer:
prohojiy [21]3 years ago
7 0

Answer

a) $15

Explanation:

We will use the formula for Total labor variance to arrive at Standard rate.

Total labor variance = (Actual hours × Actual rate) - (Standard hours × Standard rate)

Substituting the data above into the formula, we'll have;

-$23,000 = (4,000 × $13) - (5,000 × SR)

-$23,000 = $52,000 - 5,000SR

Collect like terms

5,000SR = $52,000 + $23,000

5,000SR = $75,000

SR = $75,000 / 5,000

SR = $15

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Solartech Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 143.5 million yen, whe
Ulleksa [173]

Answer:

$929,404.15 (approx)

Explanation:

The dollar amount actually earned by Solartech after exchanging yen for U.S. dollars :-

= Price ÷ One dollar bought

= 143,500,000  ÷ $154.40 yen

= 143,500,000 ÷ $154.40  yen

= $929,404.15 (approx)

Therefore for computing the dollar amount actually earned by Solartech after exchanging yen for U.S. dollars, we simply divide price by one dollar bought.

3 0
3 years ago
During last month, your beginning inventory was $17,500, your purchases were $19,252, and your ending inventory was $15,757. Wha
kicyunya [14]

$20,995

Cost of goods sold:

17,500 Beginning inventory

+19,252 Plus purchased inventory

- $15,757 Minus ending inventory

=20,995 Cost of Goods Sold

7 0
3 years ago
Retained earnings are?
Yakvenalex [24]

Answer:

Retained earnings is the amount of net income left over for the business after it has paid out dividends to its shareholders. The decision to retain the earnings or distribute them among the shareholders is usually left to the company management.

Explanation:

hope this helps you with your question

6 0
3 years ago
Find the accumulated value of $2,480 at the end of twelve years if the nominal interest rate was 2% convertible monthly for the
dusya [7]
In order to properly tackle this problem, we must understand the relationship between the nominal annual rate and real (effective) annual rate. 

To do this:
  -First you take the nominal rate, divide by the number of times it's compounded (converted) per year.
   -Then, add one to that number, and raise that number to the power of how many times you compound per year.

Here is the method in practice:
First 3 Years: 
Nominal rate= 2% ÷ 12 times/yr = 0.001667
Effective rate = 1.001667 ^12 = 1.020184

Next 2 Years (Discounting)
3% ÷ 2/yr = .015
1.015 ^ 2 = 1.061364

Next 4 years (Interest)
.042 ÷ .5 (once every 2 years) = .084
1.084 ^ (1/2) = 1.041153

The last 3 years are already expressed as an effective rate, so we don't need to convert them. The annual rate is:
1.058

I kept the 1 in the numbers (1.058 instead of 5.8% for example) so that it's easier to find the final number

Take every relevant number and raise it to the power of the number of years it's compounded for. For discounting, raise it to a negative power.
First 3 years: 1.020184 ^ 3 = 1.061784
Next 2 years: 1.030225 ^ -2 = .942184
Next 4 years: 1.041163 ^ 4 = 1.175056
Last 3 years: 1.058 ^ -3 = .84439

Multiply these numbers (include all decimals when you do this calculation)
1.062 * .942 * 1.175 * .844 = .992598

This is our final multiplier to find the effect on our principal:
.992598 * 2,480 = 2461.64

Answer is 2461.64
6 0
4 years ago
Once the court has decided a case and the appeals process is over, there can be no new lawsuit on the same subject between the s
sukhopar [10]
<span>This is referred to as "Res judicata".
</span>
Res judicata is a Latin expression which means "a thing decided". It is a precedent-based law principle intended to avert relitigation of cases between similar gatherings with respect to similar issues and save the coupling idea of the court's choice. Once a last judgment has been come to in a claim, consequent judges who are given a suit that is indistinguishable to or considerably the same as the prior one will apply the regulation of res judicata to maintain the impact of the primary judgment. 
4 0
4 years ago
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