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dexar [7]
3 years ago
12

The following data relate to product no. 33 of La Quinta Corporation: Direct labor standard: 5 hours at $14 per hour Direct labo

r used in production: 45,000 hours at a cost of $639,000 Manufacturing activity: 8,900 units completed The direct-labor rate/price variance is:
Business
1 answer:
Irina-Kira [14]3 years ago
5 0

Answer:

$9,000 (Unfavorable)

Explanation:

The computation of the direct-labor rate/price variance is given below:

Given that

Actual time used = 45,000 hours

Actual cost of labor used = $639,000

Now  

Actual rate = Actual cost of labor used ÷ Actual time used

= $639,000 ÷ 45,000

= $14.2 per hour

And,

Standard rate = $14 per hour

Standard time = 5 hours per unit

Actual output = 8,900 units

So, standard time for actual output = 8,900 × 5

= 44,500

Now

Direct labor rate variance = Actual time × (Standard rate - Actual rate)

= 45,000 × (14 - 14.2)

= $9,000 (Unfavorable)

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Lipstik, Inc. makes cosmetics. Lipstik intentionally mislabels its packaged products to conceal a defect. Trusting and relying o
Zanzabum

Answer:

Fraud.

Explanation:

Fraud is defined as intentional misrepresentation aimed at gaining unlawful advantage or to deprive a victim of a legal right.

In civil law the victim can file for recovery of money, while in criminal law the fraud perpetrator may be committed to prison.

Lipstik intentionally mislabels its packaged products to conceal a defect, and gains unfair advantage by selling these defective goods to customers. Mikayla buys the lipstick based on the misrepresented information on the label and gets injured.

8 0
3 years ago
"In the past few years, McDonald’s has made a lot of changes to its menu, adding more healthy choices and more higher-priced ite
Andreas93 [3]

Answer: This can be explained as follows:-

Explanation: MCdonalds change in menus and adding more healthy choices does brings change in the traditional value chain of the company.

In traditional times company was mainly focused towards the taste of the product and  to make the service as fast and as efficient as possible but now the company is taking care of the health of its customers. Company wants to attract new customer base of health conscious people. In traditional times company's aim was to make quick service to get the tables ready every time a customer walks in but today company wants to make the restaurant a place where people can sit and enjoy their meal for a while and company is taking help of technology in this.

3 0
3 years ago
When tori was looking for housing in the fall, she saw a "for rent" sign on a house near her school. though she tried the number
Natasha_Volkova [10]
Its because it was a seller not a retail company selling the house
8 0
3 years ago
You have entered into a long forward contract on a dividend-paying stock some time ago, and this will expire in six months. It h
Vlad1618 [11]

Answer:

correct option is B. -$4.02

Explanation:

given data

delivery price = $40

current stock price = $35

fixed dividend yield = 8% = 0.08

risk free rate = 12% = 0.12

solution

as we know that forward contract is a agreement that is made between 2 parties ( seller or buyer ) asset in future at today fix price in specified time,

we get here long forward contract value that is express as

long forward contract = \frac{stock\ price}{(1+dividend\ rate)^t} -\frac{forward\ rate}{e^{r*t}}    ...................1

put here value we get

long forward contract = \frac{35}{(1+0.08)^{6/12}} -\frac{40}{e^{0.12*6/12}}  

solve it we get

long forward contract = -$4.02

so correct option is B. -$4.02

5 0
3 years ago
Shoe-leather costs are the: Group of answer choices effect of inflation on the prices of food, clothing, and other necessities.
qwelly [4]

The increase in transactions caused by inflation is the correct response when it comes to the shoe leather cost effect on inflation. Therefore, choice 3 is right.

<h3>What is the cost of shoe leather?</h3>

When there is significant inflation, the shoe leather cost refers to the time and effort people spend holding less cash in order to lower the inflation tax they must pay on their cash holdings.

The extra time and convenience that must be given up to keep less money on hand than would be necessary if there were less or no inflation is a substantial cost of reducing money holdings.

In light of the cost effect of inflation on shoe leather, option 3 is thus right.

Learn more about shoe-leather costs:

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4 0
2 years ago
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