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3 years ago

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

Business

1 answer:

jok3333 [9.3K]3 years ago

6 0

Answer:

Direct labor time (efficiency) variance= 16,497 favorable

Explanation:

Giving the following information:

Standard labor-hours per unit of output 10.3 hours

Standard labor rate $14.10 per hour

Actual hours worked 8,100 hours

Actual output 900 units

<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 10.3*900= 9,270

Direct labor time (efficiency) variance= (9,270 - 8,100)*14.1

Direct labor time (efficiency) variance= 16,497 favorable

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creativ13 [48]

Answer:

$2,616,000

Explanation:

Deferred tax liability part of the depreciation expenses that is deducted in the reconciliation. The deferred tax liability to be recognized can therefore be estimated as follows:

Deferred tax liability = $6,540,000 × 40% = $2,616,000

Therefore, the deferred tax asset to be recognized is $2,616,000 .

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3 years ago

Thornton Industries began construction of a warehouse on July 1, 2018. The project was completed on March 31, 2019. No new loans

Aleksandr-060686 [28]

Answer:

2018 $21,600

2019 $4,320

Explanation:

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Sept 30,2018 $600,000*4.8%*3/12=$7,200

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Total interest to be capitalized in December 31 2018$540,000*4.8%*2/12=$4,320

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3 years ago

Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $15.2 million, and $40.4 million, res

cupoosta [38]

Answer:

Net cash flow from investing activities is $47.2 million -$58.6 million =-11.4 million.

Explanation:

Draft Cashflow Statement.

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3 years ago

Is It Possible To Be An Exterminator If Your Scared Of Every Known Bug, insect Or Termite Known To Man Kind Like (Ants,Bees,Bed

givi [52]

Answer:

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2 years ago

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Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing

Mashcka [7]

Answer:

The financial securities would decline by $106.7

Explanation:

Given

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Decreased value of the underlying asset = $6

When there's a reduction of $6 in the underlying asset price, this means the securities value will also get a reduction by a ratio of 6.

Because of this, we'll only consider the financial securities because it increases at a geometric progression unlike underlying assets that increases by arithmetic progression.

First, the value of financial securities needs to be calculated using the following formula;.

Value of Financial Securities = Financial securities at a geometric rate ÷

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Tthe decline value of the financial securities is calculated as follows:

Decline Value = Financial securities at a geometric rate - Value of Financial Securities

Decline Value = $128 - $21.3

Decline Value = $106.7

Hence, the financial securities would decline by $106.7

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3 years ago