Answer:
Instructions are listed below
Explanation:
Giving the following information:
Inc. produced 1,000 units of the company's product in 2016. The standard quantity of direct materials was three yards of cloth per unit at a standard cost of $ 1.40 per yard. The accounting records showed that 2,400 yards of cloth were used and the company paid $ 1.45 per yard. Standard time was two direct labor hours per unit at a standard rate of $ 9.75 per direct labor hour. Employees worked 1, 900 hours and were paid $ 9.25 per hour.
1) Standard costs are beneficial because they set a limit on which to perform. It gives a route to follow and an objective to achieve.
2) Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (1.40 - 1.45)*2,400= $120 unfavorable
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (3yards*1000units - 2400)*1.40= $840 favorable
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (2hours*1000 units - 1,900)*9.75= $975 unfavorable
Direct labor price variance= (SR - AR)*AQ
Direct labor price variance= (9.75 - 9.25)*1900= $950 favorable
Answer:
Quoting
Explanation:
or something along those lines
Answer:
total expected bonus = $1262800
Explanation:
given data
bonus = $23,000
Probability = 12 percent
bonus = $10,000
Probability = 25 percent
bonus = $6,000
Probability = 8 percent
total sales = 220
solution
first we get probability for bonus amount = $0
probability = 1 - ( 12% + 25% + 8 % )
probability = 0.55
so here Expected bonus per employee company will pay is
Expected bonus = $23000 × (0.12) + $10000 × (0.25) + $6000 × (0.08) + $0 (0.55)
Expected bonus = $5740
so total expected bonus is
total expected bonus = $5740 × 220
total expected bonus = $1262800
Answer:
Explanation:
The Hamada equation is given as:
given that:
= 1.15, T = tax rate = 40% = 0.04, equity = $11.4 million, debt = $7.6 million.
The debt to equity ratio D / E = debt / equity = $7.6 million / $11.4 million = 0.67
Substituting values:
Answer:
I think A
Explanation:
I'd need more context but I think A. Could you check my economics question out?