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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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The Delta Manufacturing Company has a marginal tax rate of 21 %. The last dividend paid by Delta was $2.60. The expected long-ru
Musya8 [376]

Answer:

The stock price is 38.63

Explanation:

We use the gordon model to calculate the horizon value and with htat the value of the stock:

\frac{D_1}{r-g} = PV\\\frac{D_0(1+g)}{r-g} = PV\\

D1 = 2.60 x 1.04 = 2.704

rate of return 11% = 0.11

grow rate = 4% = 0.04

\frac{2.704}{0.11-0.04} = PV\\

P0 = 38.62857143

The taxes should be ignored as the gordon model do not include them in the calculations

5 0
3 years ago
Is 1 1\2 1 2\4 and 1 3\6​
Pavel [41]

Yes that’s is correct

8 0
3 years ago
If you were to start a business delivering documents, you might need to purchase cell phones, bicycles, desks, and chairs. a. Th
Alex Ar [27]

Answer:

The answer is B.

Explanation:

Capital is what is used to start a business. It is what the owner's contribution in the business. In advanced class, it is called stock or equity. Capital is usually from the owner's savings. But if this money is borrowed either from an individual or a bank, the person is a borrower while the other party is the lender.

Option A is incorrect because money raised from someone makes the person borrowing a borrower and not a saver.

Option C and D are incorrect because the items needed for the business are not consumables, they are needed for the smooth running of the business, hence they are not consumption.

4 0
3 years ago
On January 1, 2016, Bailey, Inc. had 84,810 shares of common stock outstanding. The following transactions occurred during 2016:
Pie

Answer:

$2.41

Explanation:

1 January-September 30        84,180*9/12=63,135

1 October-31 December (84,180+30,000)*3/12=28,545

Weighted average of common stocks outstanding =91,680

Earning per share (EPS)=Net Income/Weighted average common stocks

EPS=$221,062/91,680

EPS=2.41

6 0
3 years ago
If a bank that desires to hold no excess reserves and has just enough reserves to meet the required reserve ratio of 10 percent
Misha Larkins [42]

Answer:

 c. $360 increase in excess reserves and a $40 increase in required reserves

Explanation:

Required reserves is the amount of reserves that is required by the Central bank that banks should keep.

Required reserve = reserve ratio × deposit

= 0.1 × $400 = $40

Excess reserve is the amount of reserves kept in excess of the required reserves.

Excess reserve = Deposit - Required reserve = $400 - $40 = $360

I hope my answer helps you

4 0
3 years ago
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