Answer:
a. 150 hours
b. 24.2 hours
Explanation:
Given
Motor tune-up
Standard Hours 2.5
Standard Rate $25.00
Standard Cost $62.50
Labor rate variance $ 150 F
Labor spending variance $ 200 U
Tuneups = 50
a.
Efficiency Variance = Labor Rate Variance + Labor Spending Variance
Efficiency Variance = 150 + 200 = 350
Total Standard Rate = Standard Rate * Actual Hours
Total Standard Rate = 25 * AH
Total Standard Hours = Standard Hours * Turn ups
Total Standard Hours = 2.5 * 50= 150
Efficiency Variance = Standard Rate (Actual Hours - Total Standard Hours)
350 = 25 (AH - 150)
14 = AH - 150
AH = 150 + 14
AH = 164 hours
b.
Rate Variance = AH (Actual Rate - Standard Rate)
Where AH = 164
Actual Rate = ?
Standard Rate = 25
Rate Variance = -150 ---- Given
So
-150 = 164(AR -25)
-150/164 = AR - 25
AR = 25 - 150/164
AR = 3950/164
AR = 24.08537 ---
AR = 24.1 --- Approximated
No. Its whats cheap, which is usually artificial ingredients with no nutritional value
Answer:
Dr. Right of use asset $58,000; Cr. Lease liability $58,000
Explanation:
Journal entry
Date General Journal Debit Credit
Right of use of asset $58,000
Lease Liability $58,000
(Entry to record the initial transaction)
All types of extinguisher can use in any kinds of fire.
<u>All types of </u><u>extinguishers</u><u> </u><u>cannot</u><u> </u><u>be</u><u> </u><u>used</u><u> </u><u>in</u><u> </u><u>any</u><u> </u><u>kind</u><u> </u><u>of</u><u> </u><u>fire</u><u>.</u><u> </u><u>Let's</u><u> </u><u>understand</u><u> </u><u>this</u><u> </u><u>statement</u><u> </u><u>with</u><u> </u><u>an</u><u> </u><u>example</u><u>.</u><u>.</u><u>.</u>
- <u>Example</u><u>:</u><u>-</u><u> </u><em>Suppose</em><em> </em><em>that</em><em> </em><em>a</em><em> </em><em>fire</em><em> </em><em>has</em><em> </em><em>taken</em><em> </em><em>place</em><em> </em><em>due</em><em> </em><em>to</em><em> </em><em>some</em><em> </em><em>electrical</em><em> </em><em>issues</em><em>.</em><em> </em><em>This</em><em> </em><em>kind</em><em> </em><em>of</em><em> </em><em>fire</em><em> </em><em>cannot</em><em> </em><em>be</em><em> </em><em>extinguished</em><em> </em><em>by</em><em> </em><em>water</em><em> </em><em>because</em><em> </em><em>water</em><em> </em><em>is</em><em> </em><em>a</em><em> </em><em>good</em><em> </em><em>conductor</em><em> </em><em>of</em><em> </em><em>electricity</em><em>.</em><em>.</em><em>.</em><em>~</em>
Answer:
d. $10.
Explanation:
Tax is a payment made to the government to assist it in financing its various programs. Taxes are the main source of government revenue. Income tax is the tax levied on individuals and firms on their earnings.
Susan and Rebecca enter into a work agreement where Rebecca hires Susan to dog sit for her. Susan will be working and is expected to pay taxes on the income received. Rebeca will be attending a wedding, which is not an income-generating activity; hence she will not pay any taxes. It means only Susan will pay taxes as she is the only one who will be earning. If the tax imposed on dog sitting is $10, then the two ladies will be worse-off by $10.