Answer:
Evidence based.
Explanation:
Evidence: It is something that furnishes proof or testimony or something legally submitted to ascertain in the truth of matter.
Evidence basedis the conscientious (effort), explicit (clarity) and judicious (critical of quality) use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome.
Characteristics:
- It’s about the process
- It’s not about certainties (this will work)
- It’s is about probabilities and likelihoods
- It is about reducing uncertainty (given our context this is more likely to lead to the outcome we want than doing something else or doing nothing)
Answer:
$506,800
Explanation:
The calculation of budgeted materials cost is shown below:-
For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-
Total materials for production = Budgeted production × Pounds of raw material per unit
= 35,000 × 4
= 140,000
Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory
= 140,000 + (39,000 × 4 × 30%) - 42,000
= 140,000 + 46,800 - 42,000
= 186,800 - 42,000
= 144,800
Budgeted materials cost for January = Materials to be purchased × Cost per pound
= 144,800 × $3.50
= $506,800
His PMI insurance also known as his mortgage insurance
Answer:
Standard Rate per hour = $15.5 per hour
Explanation:
given data
actual cost = $14.75
current period = 3400 units
direct labor hours = 8300
direct labor efficiency variance = $3100
to find out
standard direct labor rate per hour
solution
we use here Direct Efficiency Variance formula that is
Direct Efficiency Variance = ( Standard Hours - Actual Hours ) × Standard Rate per Hour .............................1
put here value
3100 = [ (3400 × 2.5) - 8300 ] × Standard Rate per hour
solve it we get
Standard Rate per hour = $15.5 per hour
