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OleMash [197]
2 years ago
14

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.4 hours

Standard labor rate $ 13.20 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7,200 hours Actual total labor cost $ 92,160 Actual output 1,050 units What is the labor efficiency variance for the month
Business
1 answer:
dexar [7]2 years ago
7 0

Answer:

the  labor efficiency variance is $35,244 favorable

Explanation:

The computation of the labor efficiency variance is shown below:

As we know that

Efficiency Variance is

= Standard rate × (Standard hours - Actual Hours)

= $13.20 × (9.4 ×1,050 units - 7,200 hours)

= $13.20 × (9,870 hours - 7,200 hours)

= $35,244 favorable

hence, the  labor efficiency variance is $35,244 favorable

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ou are the loan department supervisor for the Pacific National Bank. The following installment loan is being paid off early, and
satela [25.4K]

Answer:

$56.74

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the problem

Solution Correct Response Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Purchase(Cash) Price Down Payment Amount Financed Add-onInterest Number of Payments Finance Charge $78810% $8%12 $56.74

4 0
3 years ago
Ries and Bax each have a partner’s capital balance of $17,500. They split profits and losses equally. Royce is accepted as a 1/3
Marina CMI [18]

Answer:

tbh i did b

Explanation:

i did it

3 0
2 years ago
For a typical firm, which of the following sequences is CORRECT? All rates are after taxes, and assume that the firm operates at
Temka [501]

Answer:

B) rs > WACC > rd.

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of  common stock) × (cost of common stock)

As we know that the risk of equity in comparison to debt is more. And the return in respect of equity is received as an interest whereas for the debt it is received as a dividend.  

And, The WACC has come between debt and equity

6 0
3 years ago
sle Co. owned a copy machine that cost $5,000 and had accumulated depreciation of $2,000. Isle exchanged the copy machine for a
nikitadnepr [17]

Answer:

In the income statement, there is no loss or gain and assets worth $3,000 is recorded in the balance sheet.

Explanation:

Exchange of non- monetary assets which is not expected to change the cash flows of the entity significantly lacks the commercial substance.

The accounting for exchange is grounded on the carrying amount of the assets given up, unless the boot is received so there is no gain recognized.

The asset named computer is recognized at the amount of carrying value of the copy machine amounts to $3,000.

Working Note:

Asset value = Cost of machine - Accumulated Depreciation

= $5,000 - $2,000

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7 0
3 years ago
Customer World expects credit card companies to deposit funds in their business account for their sales where a customer uses a
zhenek [66]

Answer:

$78.50

Explanation:

Customer Ward earned $80 for a transaction with a transaction fee of $1.5.

In Retail Credit Card, the business (in this case Customer World) is expected to assume all transaction fees and charges.

Therefore, Customer World would expect the Credit card company to deduct the transaction charge before deposition into their account.

The amount to be deposited is:

$80-$1.5

=$78.5

The Credit Card company will deposit $78.50 into Customer World's Business Account.

8 0
3 years ago
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