1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Keith_Richards [23]
3 years ago
9

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

Business
1 answer:
swat323 years ago
8 0

Answer:

$2,430F

Explanation:

The formulae for labor rate variance is given as (Actual rate - Standard rate) × Actual hours worked.

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

Given that;

Actual rate = Actual total labor cost ÷ Actual hours worked

= $119,880 ÷ 8,100

= $14.8 per hour

Standard rate = $15.10 per hour

Actual hours worked = 8,100

Labor rate variance = ($14.8 - $15.10) × 8,100

Labor rate variance $2,430F

You might be interested in
Condor Airplane Company has built a new model jet aircraft which it intends to sell to high net worth clients. This aircraft req
igomit [66]

Answer:

11,303 Hrs

Explanation:

Now here, we can use the learning curve formula, which is as under:

Y = a *  X^ (log of learning rate / log 2)

Here

Y is the average time taken by each unit

a is the time taken by the first unit which is 25000 hrs

X is the number of units to be produced which is 16 unit (Including the first unit)

Learning Rate is given and is 82%

So by putting values we have:

Y = 25,000 hrs *  16 ^ (Log 0.82 / Log 2)

Y = 25,000 * 16^(-0.2863)

Y = 25,000 *  0.45212 = 11,303 Hrs

4 0
3 years ago
What is the main goal of career and technical student organizations (CTSOs)? How do they help students achieve their goals?
blsea [12.9K]

Answer:

This is a two part question and therefore has been answered in two separate headings below.

Explanation:

<u>Main Goal of CTSOs</u>

Career and technical student organizations (CTSOs) goal is to strengthen student learning by using methods such as real-life applications, text book instructions, personal and leadership development skills.  

This means that their work forms as an essential part of the classroom syllabus and guide, which in return helps to build student's career skills and  views through taking part in these sessions and applying them in real life scenarios and/or work experience through Career program.

<u>Help Students to Achieve their Goals</u>

Career and technical student organizations (CTSOs) helps students achieve their goals by providing them a career path, study program and opportunities in order to gain the knowledge, skills and abilities that are needed to be successful in their career by way of CTSOs programs, events and activities.

Furthermore, they create opportunities for the students to participate in leadership level positions at local, state and national level and to take part in conferences of leadership development in order to interact with other students as wells as professionals and experienced individuals.  

4 0
3 years ago
. In an income statement segmented by product line, the salary of the corporation chief executive officer (CEO) should be: a. al
Alexxx [7]

Answer:

d. classified as a common fixed expense and not allocated to the product lines.

Explanation:

In the case when the income statement is segmnented by the product line so the salary of the  chief executive officer (CEO) would be categorized as a common fixed expenses as it has fixed in a nature so it would not be allocated to the product lines

Therefore as per the given situation, the option D is correct

Hence, the same is to be considered

8 0
2 years ago
A company's defined benefit pension plan had a PBO of $265,000 on January 1, 2018. During 2018, pension benefits paid were $40,0
anastassius [24]

Answer:

$331,500

Explanation:

The computation of the ending balance of the pension benefit obligation is shown below:

= Opening balance of PBO + service cost + interest cost - pension benefits

= $265,000 + $80,000 + $26,500 - $40,000

= $331,500

The computation of the interest cost is shown below:

= Opening balance of PBO × discount rate

= $265,000 × 10%

= $26,500

The increased value of the plan assets would be ignored.

4 0
3 years ago
Flaherty is considering an investment that, if paid for immediately, is expected to return $140,000 five years from now. If Flah
makkiz [27]

Answer:

PV= $90,990.39

Explanation:

Giving the following information:

Future value= $140,000

Number of periods= 5 years

Rate of return= 9%

<u>To calculate the price to pay today, we need to calculate the present value. We will use the following formula:</u>

PV= FV/(1+i)^n

PV= 140,000 / (1.09^5)

PV= $90,990.39

7 0
3 years ago
Other questions:
  • Which of the following statements is correct about the requirements of an LLP?
    14·1 answer
  • Based on the interdependence of the four types of salesperson goals, what should a salesperson's sales call goals be based on?
    5·1 answer
  • A customer comes into your shop carrying a gorgeous oval bowl. It’s very large and low, and has a pale gray crackled glaze. He t
    11·2 answers
  • The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050),
    11·1 answer
  • Australia is a major producer of agricultural and dairy products and exports coffee, tea, spices, and milk products to the Unite
    8·1 answer
  • Paradise Realty Co. pays weekly salaries of $45,500 on Friday for a five-day workweek ending on that day. a. Journalize the nece
    5·1 answer
  • In what order should tasks in the writing process be completed
    10·1 answer
  • How is a line of credit different from a loan?
    12·1 answer
  • What is the difference between a price floor and a price ceiling?
    5·2 answers
  • What does an invasion biologist study?<br> help me
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!