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Nat2105 [25]
3 years ago
14

The following information describes a company's usage of direct labor in a recent period:

Business
1 answer:
myrzilka [38]3 years ago
4 0

Answer:

Direct labor time (efficiency) variance= $8,375 unfavorable

Explanation:

Giving the following information:

Actual direct labor hours used 34,000

Standart rate per hour $16.75

Standard hours for units produced 33,500

<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

Direct labor time (efficiency) variance= (33,500 - 34,000)*16.75

Direct labor time (efficiency) variance= $8,375 unfavorable

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Explanation:

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Present Value = CF 1 / (1+r)  +  CF 2 / (1+r)^2 + ... + CFn / (1+r)^n

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So, we equate both the present value of Investment A and B to calculate the value of x.

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1554.472661  =  765.7657658  +  x/(1.11)^2  +  329.0361216

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