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fomenos
3 years ago
12

The following labor standards have been established for a particular product:

Business
1 answer:
alexandr1967 [171]3 years ago
3 0

Answer:

a. 7400 U

b. 4120 U

Explanation:

A.Calculation to determine the labor rate variance for the month

Using this formula

Labor rate variance=(SR-AR) * AH

Let plug in the formula

Labor rate variance=[20.60-(153,180/7400)]*7400

Labor rate variance=(20.60-20.70)*7400

Labor rate variance=0.1*7400

Labor rate variance=7400 U

Therefore is Labor rate variance 7400 Unfavorable

b. Calculation to determine the labor efficiency variance for the month

Using this formula

Direct Labor Efficiency Variance = (Actual Direct Labor Hours Worked * Standard Labor Rate) - (Units Produced * Standard Direct Labor Hours per Unit * Standard Labor Rate)

Let plug in the formula

Direct Labor Efficiency Variance = (7400 hours x $20.60) - (1500 units x 4.8 hrs* $20.60)

Direct Labor Efficiency Variance = $152,440 - $148,320

Direct Labor Efficiency Variance = $4,120 UnFavorable

Therefore the labor efficiency variance for the month is $4,120 UnFavorable

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Answer:

Dividend in arrears $ 1,000,000

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Explanation:

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Dividend calculation = $5 multiplied by the total unit of shares

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This year total dividend payout will be current year of $1,000,000 plus previous year of $1,000,000 = $2,000,000

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3 years ago
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Taylor is a procurement specialist for Hillside Corporation. He is reviewing contracts, and notices a pattern between three part
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Answer:

B

Explanation:

Bid rotation is when contractors collude and  take turns in winning a bid. Colluding contractors submit bids but take turns being the low bidder.

Bid-tailoring is when an employee in collusion with a contractor tailors bid specifications to give an unfair advantage to a certain contractor.

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Phantom bids are fake bids

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3 years ago
All of the following must be disclosed on municipal bond trade confirmation EXCEPT: A "In Whole" call dates B For revenue bonds,
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Answer:

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Explanation:

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Why is scarcity a fundamental problem in economics
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Answer:

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Society would produce, distribute, and consume an infinite amount of everything to satisfy the unlimited wants and needs of humans.

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2 years ago
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Answer:

B. Cash Flow problem

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