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TEA [102]
3 years ago
15

Albert decided that it was time to invest his money. he was quite excited and told his friends about his new financial venture.

even his wife was supportive. albert liked a number of riskier companies, but he decided to invest in the companies which had good financial standing. a year later, when five of the six companies went bankrupt, albert's wife was furious and told him, "anyone could have seen these companies were going to fail." this is called:
Business
1 answer:
NemiM [27]3 years ago
8 0
Financial venture. even his wife was supportive. albert liked a number of riskier company
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Answer:

Direct labor rate variance= $650 unfavorable

Explanation:

Giving the following information:

Standards for the product are:

Labor: 2 hours per unit at $8 per hour.

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Labor: 2,500 hours worked at a total cost of $20,625.

To calculate the labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Actual rate= 20,650/2,500= $8.26

Direct labor rate variance= (8 - 8.26)*2,500

Direct labor rate variance= $650 unfavorable

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Answer: what-if-analysis

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Answer: Knowledge

 

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Ratio analysis is used to get insight about the financial wellbeing of a business. It is used by analysts to determine various aspects of a business, such as its profitability, liquidity, and solvency.

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