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Anna007 [38]
2 years ago
5

The following labor standards have been established for a particular product: Standard labor-hours per unit of output 9.9 hours

Standard labor rate $13.70 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 7,700 hours Actual total labor cost $102,410 Actual output 1,000 units What is the labor efficiency variance for the month
Business
1 answer:
topjm [15]2 years ago
5 0

Answer:

-$30,250 favorable

Explanation:

labor efficiency variance = (standard quantity - actual quantity) x standard labor cost

  • actual quantity = 7,700 hours
  • standard quantity = 9.9 hours x 1,000 units = 9,900
  • standard labor cost = $13.70

labor efficiency variance = (7,700 - 9,900) x $13.70 = -$30,250 favorable variance

the variance is favorable, because less hours were actually used than forecasted

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D) all of the answers
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what does it mean when you have demand for a good or service a.you can afford the good but may be unwilling to buy it. b.you wan
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D. You are willing and able to buy the good at the given price
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3 years ago
Young Co. issues $800,000 of 10% bonds dated January 1, Year 1. Interest is payable semiannually on June 30 and December 31. The
Andreyy89

Answer:

Young should report proceeds from the sale of bonds as equal to $864,884

Explanation:

The proceeds on the sale of bonds is equivalent to the present value of all the cash flows that are likely to accrue to an investor once the bond is bought. These cash-flows are the periodic coupon payments that are paid semi-annually and the par value of the bond that will be paid at the end of the 5 years.

During the 5 years, there are 10 equal periodic coupon payments that will be made. In each  year, the total coupon paid will be

$800,000*0.1=$80,000

and this payment will be split into two equal payments equal to \frac{$80,000}{2} = $40,000 . This stream of cash-flows is an ordinary annuity

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The  PV of the cashflows = PV of the coupon payments + PV of the par value of the bond

=$40,000*PV Annuity Factor for 10 periods at 4%+ $800,000*\frac{1}{(1+0.04)^10}

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4 0
3 years ago
In a relatively new neighborhood with 345 homes, the median home price is $350,000. Last year, 58 houses were sold. The turnover
Mariulka [41]

Answer:

Turnover index = 17 % (Approx)

Explanation:

Given:

Total number of house = 345

Number of house sold = 58

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Turnover index

Computation:

Turnover index = [Number of house sold/Total number of house]100

Turnover index = [58/345]100

Turnover index = [0.168115]100

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7 0
3 years ago
The MedTech Company recently reported net profits after taxes of ​$15.8 million. It has 2.5 million shares of common stock outst
oksian1 [2.3K]

Answer:

EPS 5.92

dividend yield: 3.33%

payout ratio: 0.3378

Explanation:

<em><u>Earnings per share:</u></em>

EPS = (income - preferred dividends) / common stock utstanding

EPS = (15,800,000 - 1,000,000)/ 2,500,000 = 5.92

<em><u>dividend yield:</u></em>

dividend per share / market price

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<u><em>payout ratio: </em></u>

dividends per share / earning per share

2 / 5.92 = 0,3378

7 0
3 years ago
Read 2 more answers
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