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Anastasy [175]
3 years ago
13

Use this information for Flapjack Corporation to answer the question that follows. Flapjack Corporation had 8,200 actual direct

labor hours at an actual rate of $12.40 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.6 hours per completed unit at a standard rate of $13.00 per hour. The direct labor rate variance is
Business
1 answer:
Dafna11 [192]3 years ago
7 0

Answer:

the  labor rate variance is $4,920 favorable

Explanation:

The computation of the labor rate variance is shown below:

= (Standard rate - Actual rate) × Actual Hours

= ($13 - $12.40) × 8,200 hours

= $4,920 Favorable

hence, the  labor rate variance is $4,920 favorable

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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The marginal product of labor is defined as
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If a payback period for a project is greater than its expected useful life, the project's return will always exceed the company'
Rudiy27

Answer:

entire initial investment will not be recovered.

Explanation:

Payback period is one of the methods used in capital budgeting.

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I hope my answer helps you.

3 0
3 years ago
Suppose that lenders want to receive a real rate of interest of 5 percent and that they expect inflation to remain steady at 2 p
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Answer:

the nominal interest rate is 7%

Explanation:

The calculation of the nominal interest rate is given below:

As we know that

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= Real interest rate + Inflation rate

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Hence, the nominal interest rate is 7%

The same is to be considered and relevant  

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