Answer:
Variable overheads efficiency variance = $13,040 favorable
Explanation:
<em>Variable overheads efficiency variance is the difference between the standard hours of actual output and actual hours valued at the standard variable overhead rate per hour </em>
Hours
5,900munits should have taken (5,900× 0.9) 5,310
but did take <u> 2050 </u>
efficiency variance in hours 3,260 favorable
Standard rate per hour <u> $4.00 </u>
Variable overheads efficiency variance <u> 13,040 favorable </u>
Variable overheads efficiency variance = $13,040 favorable
Answer:
The correct answer is letter "D": market pricing method.
Explanation:
The market pricing method for calculating wages levels collects information from other companies with similar operations, geographical areas, and job positions to compare them with the data of the business so an average salary can be determined for its employees. With this analysis, institutions remain competitive when it comes to salaries or can decide to provide workers higher-than-market salaries to attract qualified personnel.
Companies should evaluate the wages market every two (2) to three (3) years to find out if conditions have changed.
Answer:
8.21%
Explanation:
The computation of the coupon rate is given below:
But before that PMT would be determined
Given that
NPER 25
RATE 7.28%
PV $1,105.63
FV $1,000
The formula is shown below:
=PMT(RATE,NPER,PV,FV,TYPE)
The present value comes in negative
After applying the above formula, the PMT is $82.09
Now the coupon rate is
= $82.09 ÷ $1,000
= 8.21%