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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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A flatter, more horizontal demand or supply curve ____
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A. A flatter, more horizontal demand or supply curve is elastic
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2 years ago
Job-Order Cost Sheets, Balance in Work in Process and Finished Goods Prull Company, a job-order costing firm, worked on three jo
vladimir1956 [14]

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3 years ago
The actual information pertains to the month of June. As part of the budgeting​ process, Colonial Fencing Company developed the
Alexxx [7]

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330,000

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Selling price per unit as per static budget

=$615,000÷$20,500

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3 years ago
Good Investments Company forecasts a $1.74 dividend for 2017, $1.87 dividend for 2018 and a $1.98 dividend for 2019 for Mountain
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Answer:

The correct option is D,$29.37

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The intrinsic value of the company is the present value of the dividends plus the present value of the terminal value in year 3

present of dividends=$1.74/(1+7%)+$1.87/(1+7%)^2+$1.98/(1+7%)^3=$ 4.88  

Terminal value=dividend after year /cost of capital

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3 years ago
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