Answer:
$5400 Favorable
Explanation:
Standard 2 hour at $15 per hour
Standard hours 2 hour per unit * 2900 units = 5800 hours
Total Standard cost = 5800 hours * $15 per hour = $87,000
Actual hours = 5100
Actual cost = $81600 / 5100 hours = $16 per hour
Variance = Standard - Actual
Labor hour Variance Favorable = 700 hours (5800 hours - 5100 hours)
Total Labor variance = $5400 ($87,000 - $81,600)
Answer:
The amount to save now is = $862.03 (to 2 decimal places)
Explanation:
In order to solve this, we will compute the end-of-year amounts using the 5% increase each year. This is done as follows:
Year 1 ending = $200
Year 2:
Year 2 beginning price = $200
Note that 5% increase = 5/100 = 0.05
increase in year 2 = 5% of 200 = 0.05 × 200 = 10
Year 2 new price = 200 + 10 = $210
Year 3:
beginning price = $210
increase in year 3 = 0.05 × 210 = $10.5
Year 3 new price = 210 + 10.5 = $220.5
Year 4
beginning price = $220.5
interest in year 4 = 0.05 × 220.5 = 11.025
new price in year 4 = 220.5 + 11.025 = $231.525
Next to calculate the amount needed to pay for one travel ticket per year for the next four years, we will add the prices of the tickets each year as follows:
Total amounts needed = 200 +210 + 220.50 + 231.53 = $862.03
An ‘A’ is worth 4.0 points
Hope this helps
-AaronWiseIsBae
(edited)
Answer:
$41,650
Explanation:
Contribution margin is the net of sales and variable costs.
Contribution Margin:
Division A = $47,700
Division B = $231,000 x 35% = $80,850
Company calculates the Net Income after deducting The traceable and common fixed costs from the total contribution margin.
Total contribution margin = $47,700 + $80,850 = $128,550
Net Income = Total contribution margin - Traceable Fixed Expense - Common Fixed expenses
$27,200 = $128,550 - $59,700 - Common Fixed expenses
$27,200 = $68,850 - Common Fixed expenses
Common Fixed expenses = $68,850 - $27,200 = $41,650
