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3 years ago

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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Perrigo's market capitalization is closest to: A) $952.16 million B) $3,580.14 million C) $4,168.06 million D) $4,425.15 million

inessss [21]

Answer:

B) $3,580.14 million.

Explanation:

Market capitalization is the total value of the enterprise. It is the sum of total outstanding shares of the company. Market capitalization is calculated by multiplying outstanding shares of the company by current market price of the each share.

Market Capitalization = No. of outstanding shares * Market price of each share

Market Capitalization = 91.33 million * $39.20

Market Capitalization = $3,580.14 million.

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3 years ago

On May 1, 20Y6, Stanton Company purchased $100,000 of Harris Company's 12% bonds at 100 plus accrued interest of $4,000. On June

Blababa [14]

Answer:

b. credit to Gain on Sale of Investments for $2,400.

Explanation:

May 1, 20Y6

Purchase price of Bond = $100

Number of Bond Purchased = $100,000 / 100 = 1,000 per bond

February 1, 20Y7

Sale Price of Bond = $103 per Bond

Gain on Sale = $103 - $100 = $3 per bond

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Gain on sold bonds = 800 bonds x $3 per bond = $2,400

Journal Entry Will be as follows:

Dr. Cr.

Cash (800 x 103) $82,400

Gain on sale $2,400

Investment in Bond $80,000

3 0

3 years ago

Mr. Lainson died this year on a date when the total FMV of his property was $12 million and his debts totaled $450,000. His exec

Kitty [74]

Based on the information given about Mr. Lainson, the taxable estate of the year will be $7,785,000.

The taxable estate for Mr Lainson will be calculated thus:

FMV $12 million
Less: Debt $450000
Less: Funeral expense $15000
Less: Legal fees $50000

Less: Donation ($3.5 million + $200000) = $3.7 million
Taxable estate = $7,785,000

The taxable estate of the year will be $7,785,000.

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3 years ago

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that manage

vitfil [10]

Answer:

The person is

Explanation:

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3 years ago

Clarifying the issues of a problem is the _____ step in the problem solving process.

solmaris [256]

Answer:

hii there

The correct answer is option ( A )

8 Step Problem Solving Process

Step 1: Define the Problem. What is the problem?

Step 2: Clarify the Problem.

Step 3: Define the Goals.

Step 4: Identify Root Cause of the Problem.

Step 5: Develop Action Plan.

Step 6: Execute Action Plan.

Step 7: Evaluate the Results.

Step 8: Continuously Improve

Explanation:

Hope it helps

have a nice day

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3 years ago