Answer:
See below
Explanation:
1. Purchase price variance
Standard price per pound = $25
Actual price per pound = $28.9
Quantity of aluminium purchased = Closing inventory + Quantity used - Opening inventory
= 34 + 3,470 - 54
= 3,450 pounds
Purchase price variance = (Standard price - Actual price) × Quantity purchased
= ($25 - $28.9) × 3,450
= -$3.9 × 3,450
= $13,455 (U)
2. Usage variance
Standard quantity of Aluminium for actual production
= 935 units × 4 pounds each
= 3,740 pounds
Usage variance = (Standard quantity of material used - Actual quantity used) × Standard price per unit
= (3,740 - 3,470) × $25
= 270 × $25
= $6,750 (F)
3. Direct labor rate variance
= (Standard rate per hour - Actual rate per hour)
× Actual hours for production
= ($40 - $41.9) × 4,400
= -$1.9 × 4,400
= $8,360 (U)
4. Efficiency variance
Standard hours for actual production
= 935 units × 5 per hour
=4,675 hours
Labor efficiency variance = (Standard hours for actual production - Actual hours for actual production) × Standard rate per hour
= (4,675 - 4,400) × $40
= 275 × $40
= $11,000 (F)
Answer:
The correct answer is letter "A": With employer-sponsored health insurance, your employer will pay a part of the bill for you and the benefits will not be taxed.
Explanation:
The greatest advantage of employer-sponsored health insurance relies on the fact that a portion of the premium is paid by the employer and the other proportion is paid by the worker -usually 50% is paid by each party. Besides, those premiums are federally tax-free.
The tool that can be used to easily calculate the change in profit resulting from a change in sales price, sales volume, variable costs, or fixed costs is The CVP analysis. This is further explained below.
<h3>What is
CVP analysis?</h3>
Generally, Changes in both variable and fixed expenses may have a significant impact on a company's bottom line, and a cost-volume-profit (CVP) analysis can help you understand the relationship between the two.
In conclusion, The CVP analysis is a tool that may be used to quickly determine the change in profit brought on by a change in sales price, sales volume, variable costs, or fixed costs.
Read more about CVP analysis
brainly.com/question/26646381
#SPJ1
Answer:
a. reduces the use of individual machines and hinders quality control at all stages of the manufacturing process.
Explanation:
<u>Productive efficiency:</u> On a general level, is a state of the economy at which another unit cannot be produced without decreasing the production of another. Thus, the meaning of production efficiency is the use of all the resource available to produce the higher possible output.
When, a company reduce their machine hours per unit, it obtains more efficiency. It can yields more output than previously. Then, if the hinders to quality control are reduced as well, it takes less time to check the outcome thus, also increasing productivity. Repeating this on all stages of the manufacturiing process achieve the most production efficiency for the firm.
Answer:
The correct option is the country's real GDP declined between years 3 and 4.
Explanation:
The data given in the question are first properly presented before answering the question as follows:
Year Nominal GDP Price Index
1 $35 90
2 40 100
3 45 110
4 48 120
5 56 140
The decline in real GDP can now be determined by calculating the the real GDP for each year using the following formula:
Real GDP in a particular year = (Nominal GDP in the year / Price index in the year) * 100 ................... (1)
Using equation (1), we therefore have:
Real GDP in Year 1 = ($35 / 90) * 100 = $38.89
Real GDP in Year 2 = ($40 / 100) * 100 = $40.00
Real GDP in Year 3 = ($45 / 110) * 100 = $40.91
Real GDP in Year 4 = ($48 / 120) * 100 = $40.00
Real GDP in Year 4 = ($56 / 140) * 100 = $40.00
From the above calculations, it can be seen that the real GDP declined from $40.91 in Year 3 to $40.00 in Year 4. Therefore, the correct option is the country's real GDP declined between years 3 and 4.