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3 years ago

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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To effectively run her company, Machi applies the ________, a management style the views her firm as an interdependent collectio

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To effectively run her company, Machi applies the Systems viewpoint a management style the views her firm as an interdependent collection of departments.

<h3>What is Systems viewpoint management style?</h3>

Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected which gives them the view that they should work with the management to achieve the goal of the organization.

Therefore ,Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected .

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2 years ago

Three months ago, Central Supply stock was selling for $51.40 a share. At that time, you purchased five put options on the stock

oee [108]

Answer:

$4,350

Explanation:

Calculation to determine your net profit or loss on this investment

Net profit = (-$0.60 - $42.70 + $52) × 100 × 5

Net profit= $4,350

Therefore your net profit or loss on this investment is $4,350

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3 years ago

The manager at TV Land Productions reported total sales revenue of $900,000. The variable expenses were $300,000, and there were

vredina [299]

Answer:

0.67; $485,074.67

Explanation:

Given that,

Total sales revenue = $900,000

Variable expenses = $300,000

Total fixed expenses = $325,000

Contribution margin:

= Sales revenue - Variable expenses

= $900,000 - $300,000

= $600,000

Contribution margin ratio:

= Contribution margin ÷ Sales revenue

= $600,000 ÷ $900,000

= 0.67

Break-even point in dollars:

= Total fixed expenses ÷ Contribution margin ratio

= $325,000 ÷ 0.67

= $485,074.6

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4 years ago

Free or minimal cost items offered by companies in order to entice customers to buy their product are called?

erma4kov [3.2K]

Answer:

Price packs

Explanation:

a type of sales promotion where customers are given a discount off the product's regular price; the discount is typically marked, or "flagged," prominently on the label or package; also known as a "cents-off" deal.
Price packs are sales promotions that provide consumers with a reduced price that is marked directly on the package by the manufacturer.
Here two or more products are given together at the price of one or at discounted rates.

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1 year ago

We are evaluating a project that costs $714,400, has an eight-year life, and has no salvage value. Assume that depreciation is s

kifflom [539]

Answer:

a-1. 55,620 units

a-2. 9.34

Explanation:

a-1. The accounting break-even point is calculated by;

= (Fixed costs + Depreciation) / (Sales - Variable costs)

Depreciation = 714,400/8 = $89,300

Accounting breakeven = (745,000 + 89,300) / (51 - 36)

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= 1 + (Fixed Costs/ Operating Cashflow)

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<em>At this point, the only given Operating cashflow figure is Depreciation. </em>

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3 years ago