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Vadim26 [7]
3 years ago
5

The standards for direct labor for a product are 2.5 hours at $8 per hour. Last month, 9,000 units of the product were made and

the labor efficiency variance was $8,000 F. The actual number of hours worked during the past period was:
Business
1 answer:
GrogVix [38]3 years ago
5 0

Answer:

21,500

Explanation:

Given that,

Labor efficiency variance = $8,000 F

Standard Rate = $8 per hour

Standards for direct labor for a product = 2.5 hours

Labor efficiency variance = (Standard Hour for actual output - Actual Hour) × Standard Rate

$8,000 = [(9,000 × 2.5) - Actual Hour] × $8 per hour

1,000 = 22,500 - Actual Hour

Actual hour = 22,500 - 1,000

                   = 21,500

Therefore, the actual number of hours worked during the past period was 21,500.

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Which of the following listings correctly describes the order in which the four types of budgets must be prepared?
professor190 [17]

Answer:

b. Sales, production, direct materials purchases, cash disbursements.

Explanation:

First, you calculate your sales.

Then, the amount produced to fulfill your sales and desired inventory stocks

Based on your production, you can calculate the direct materials purchases

Lastly, with the combination of raw materials purchases, along with other information, you generate the cash disbursements budget

a.- you need to know the production to know how much direct materials do you need. INCORRECT

c.- you can't calculate how much will you pay for the direct materials without knowing how many direct materials are needed. INCORRECT

d.- you need to know the number of sales, to know how much to produce. Else you will be producing without knowing how much do you need. INCORRECT

3 0
2 years ago
Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that: pollution should
Andreyy89

Answer:

The correct answer is c) pollution should be eliminated as long as the benefit from the cleanup exceeds the opportunity costs.

Explanation:

The opportunity cost is presented in situations where there are two or more good options, so the company must choose the option with more benefits leaving the second one that is known as the opportunity cost. The opportunity cost must have lower profits than the option selected.

For example, in the case of the pollution of a lake, the economist concluded that the elimination of pollution should be chosen if the benefit is more significant than the second-best option.

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<em>I hope this information can help you.</em>

4 0
3 years ago
Leonard company uses and discloses different depreciation methods for the major classes of property, plant, and equipment. which
Licemer1 [7]
The accounting principle that is being addressed by Leonard would be the full-disclosure principle. This requires a certain company to provide all information that is necessary in making decisions especially in the financial aspect to be able to make sound and informed decisions.<span />
6 0
3 years ago
PLZ help Will give BrainIIest!!!!
Scilla [17]

So if there was a world with no parents it would be kind of lonely but it would be fun because you can get whatever you want the world would look cool and childish it would feel squishy it would probably smell like candy. I only did the copy and paste so i can get ranks and rewards.

6 0
2 years ago
Read 2 more answers
A 20-year maturity, 7.6% coupon bond paying coupons semiannually is callable in seven years at a call price of $1,170. The bond
g100num [7]

Answer:

a) YTC 5.895%

b) YTC being call at 1,120 6.6853%

c) we change time and call price 1,170 = 5.33189%

Explanation:

we have to calculate with excel for the PV of the coupon payment and the call price which matches the the

<em><u>First we calculate the price of the bond:</u></em>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 38.000 1,000 x 7.6% / 2

time 40 (20 years x 2payment per year )

rate 0.033

38 \times \frac{1-(1+0.033)^{-40} }{0.033} = PV\\

PV $837.2785

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   40.00

rate  0.033

\frac{1000}{(1 + 0.033)^{40} } = PV  

PV   272.89

PV c $837.2785

PV m  $272.8897

Total $1,110.1682

Now we solve for the YTC

given a price of 1,110 we receive an annuity of 38 dollars during 7 years and recieve 1,170

we do it in excel:

=PV(A2;14;38)+1,110.17/power(1+A2;28)

the first part is the coupon payment the second maturity

now we solve using goal seek to make this formula worth 1,170 changin a2 which is when we put a rate reference

a) 0.058950255

b)

=PV(A2;14;38)+1,110.17/power(1+A2;28)

we determinate our target as 1,120

0.066853426

c) we change time:

=PV(A2;8;38)+1,110.17/power(1+A2;8)

0.053318904

4 0
3 years ago
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