whitman has a direct labor standard of 2 hours per unit of output. each employee has a standard wage rate of $29.50 per hour. during july, whitman paid $189,900 to employees for 8,890 hours worked. 4,740 units were produced during july. what is the direct labor efficiency variance? multiple choice $89,760 favorable $17,405 favorable $72,355 favorable $72,355 unfavorable
Answers
The direct labor efficiency variance is $17,405 favorable if 4740 units were produced during July.
The formula for direct labor efficiency variance can be given as follows;
direct labor efficiency variance = {standard hours allowed for production – actual hours taken} × standard rate per direct labor hour
As Whitman has a direct labor standard of 2 hours per unit of output and 4740 units were produced during July, the total standard hours for this production can be calculated as follows;
standard hours allowed = 2 × 4740
standard hours allowed = 9480 hours
Now we can calculate the direct labor efficiency variance by substituting the values of standard hours allowed and actual hours taken and standard wage rate in the formula as follows;
direct labor efficiency variance = {9480 - 8890} × 29.50
direct labor efficiency variance = 590 × 29.50
direct labor efficiency variance = $17,405
As the answer is a positive value therefore the direct labor efficiency variance is $17,405 favorable.
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Related Questions
A Bank with the following capital levels: common equity of 47,000, Tier 1 of 38,000, Tier 2 of 17,000. If total assets are 850,000 and risk adjusted assets are 650,000, the capital classification of the bank is
Answers
The capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio.
To determine the capital classification of the bank, we need to compare its capital levels to the risk-adjusted assets. The capital classification is typically based on regulatory requirements and ratios set by the relevant financial authorities.
One common capital adequacy ratio used for classification is the Tier 1 capital ratio.
The Tier 1 capital ratio is calculated by dividing Tier 1 capital (including common equity) by risk-adjusted assets. Let's calculate the Tier 1 capital ratio:
Tier 1 capital ratio = (Tier 1 capital / Risk-adjusted assets) * 100
In this case:
Tier 1 capital = 38,000
Risk-adjusted assets = 650,000
Tier 1 capital ratio = (38,000 / 650,000) * 100
= 5.846%
Now, let's determine the capital classification based on the Tier 1 capital ratio:
Well-Capitalized: Tier 1 capital ratio ≥ 6%
Since the calculated Tier 1 capital ratio is 5.846%, it does not meet the well-capitalized threshold.
Adequately Capitalized: Tier 1 capital ratio ≥ 4%
The calculated Tier 1 capital ratio is above the adequately capitalized threshold, which is 4%.
Undercapitalized: Tier 1 capital ratio < 4%
Since the calculated Tier 1 capital ratio is above 4%, the bank is not classified as undercapitalized.
Therefore, based on the given information, the capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio exceeds the minimum regulatory requirement of 4%.
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according to the capm, what is the expected return on a stock if its beta is equal to zero
Answers
According to the Capital Asset Pricing Model (CAPM), the expected return on a stock with a beta equal to zero would be equal to the risk-free rate.
The CAPM formula is as follows: Expected Return = Risk-Free Rate + Beta * Market Risk Premium. When the beta is zero, the second term of the formula becomes zero, resulting in the expected return being equal to the risk-free rate. This is because a stock with a beta of zero is considered to have no systematic risk and is expected to earn the risk-free rate of return. Therefore, if the beta of a stock is equal to zero, the expected return on that stock would be equal to the risk-free rate.
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Select the following skill that IS NOT involved in critical
thinking:
A.Creativity
B.Analogy
C.Empathy
D.Competence
Answers
Creativity is the correct option. Critical thinking is an intellectual discipline and a skill that involves analyzing information to arrive at a conclusion. The process of critical thinking involves the identification and analysis of information to establish its meaning and validity.
Creativity is a skill involved in critical thinking. It involves creating something new or finding a new way to look at a problem. Therefore, creativity is not the correct answer. Analogy is also a skill involved in critical thinking, as it involves identifying similarities between two or more concepts or situations.
Empathy is the ability to understand the feelings of others. It involves identifying with someone else's situation, feeling, or thought process. Based on the above explanation, Creativity is the correct option.
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when betty tran prepared a personal income statement, the remainder or residual value is called
Answers
The remainder or residual value in a personal income statement is called "Net Income" or "Net Profit".
How named residual value?When Betty Tran prepared a personal income statement, the remainder or residual value is called "Net Income" or "Net Profit".
Net Income is the amount of income that remains after deducting all expenses from total income. It represents the income earned by an individual after accounting for all expenses, taxes, and other deductions.
To calculate Net Income, the total income earned by an individual is subtracted by all expenses, taxes, and other deductions for a given period. If the resulting value is positive, then it represents net income or net profit, and if it is negative, then it represents a net loss.
Net Income is an important metric used in financial analysis as it represents the profitability of an individual over a given period of time and can be used to evaluate financial health and performance.
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The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
questions. question numbers (1.1.1 to 1.1.5) in the ANSWER BOOK, e.g. 1.1.10 C 1.1.1 A problem-solving technique where a team of experts are given ques to obtain their opinions without bringing them to the same place. A. Force-field 8. Empty chair C. Brainstorming D. Delphi 1.1.2... is aimed at facilitating change in the business. A. Force-Field technique B. Delphi technique C. Chair technique D. Empty chair technique 1.1.3 The... can be used as a form of non-verbal communication. A. Pie chart B. Informal conversations C. Indigenous knowledge D. Panel discussions 1.1.4. Which one of the following is a research instrument? A. Market research B. Nominal group technique C. Flyer D. Questionnaire 1.1.5.... is one of the of legal requirements that a business must comply with A. National Credit Act B. Size of the business C. Legal protection D. Number of owners required
Answers
The force-field analysis method in social science offers a framework for examining the variables (or "forces") that affect a situation, originally social circumstances. It examines factors that are either promoting movement toward a goal (helping factors) or impeding that advancement (hindering forces).
Hence, Delphi, Force-Field technique, Pie chart, Questionnaire, and Legal protection. These are the answers respectively.
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________ is largest employer in the country and the largest purchaser of goods and services in the world.
Answers
The largest employer in the country which can also be regarded as largest purchaser of goods as well as services is U.S. federal government.
U.S. federal government can be regarded as national government of the United States, which is composed of self-governing territories as well as several island.She serve as one of the major force in the world market, and that is why many countries relied on their exports.Therefore, U.S. federal government is right.
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Analysis of market share is a key to understanding the firm's:
O a. competitive environment.
O b. demographic strengths.
O c. social and cultural environment.
O d. technological environment.
Answers
Analysis of market share is a key to understanding the firm's:
O a. competitive environment.
O b. demographic strengths.
O c. social and cultural environment.
O d. technological environment
answer is A
Waterway Industries has a material price standard of $2.00 per pound. 6600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 6600 pounds, although the standard quantity allowed for the output was 5200 pounds.
Answers
Answer:
The appropriate solution will be "$1320".
Explanation:
The given values are:
Material's actual quantity
= $6600
Standard price
= $2.00
Actual price
= $2.20
Now,
The material price variance will be:
= Actual quantity (Standard price - Actual price)
On substituting the values, we get
= \(6600(2.00-2.20)\)
= \(6600\times (-0.20)\)
= \(1320\) ($)
In 20X4, X Company purchased land for a new office building at a purchase price of $325,000. There was an existing building on the site that was demolished at a cost of $12,000. Scrap from the demolition was sold for $3,500. The building was completed during 20X4. In addition:
Answers
Answer:
$359,000 and $1,323,000
Explanation:
The computation of the amount reported for land and building is shown below:
For land
= Purchase price + attorneys + demolishing cost - scrap value + engineering fees
= $325,000 + $7,500 + $12,000 - $3,500 + $18,000
= $359,000
For buidling
= Architect fees + building permits + construction cost
= $40,000 + $8,000 + $1,275,000
= $1,323,000
Which of the following transformations generally has the highest equipment utilization? O process-focused process O repetitive process O product-focused process specialized process
Answers
Answer:
Explanation:
Among the options provided, the transformation process with generally the highest equipment utilization is the repetitive process.
In a repetitive process, products are produced in large quantities with standardized or relatively standardized operations. This type of process is characterized by a high degree of automation and specialization, where equipment and resources are optimized for repetitive tasks. The focus is on producing a high volume of similar products efficiently and effectively.
Due to the repetitive nature of the operations, the equipment is designed and organized to maximize utilization and minimize downtime. The production flow is typically streamlined, and the equipment is set up to handle the specific requirements of the standardized tasks, allowing for continuous operation and high equipment utilization.
On the other hand, process-focused processes, product-focused processes, and specialized processes may involve more variability, customization, or complex operations, which can result in lower equipment utilization compared to repetitive processes. These types of processes often require more flexibility, adjustments, and downtime for changeovers or handling unique product specifications, leading to lower overall equipment utilization.
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who founded the early study of management thought that became known as scientific management?
Answers
The early study of management thought that became known as scientific management was founded by Frederick Winslow Taylor. Taylor, an American engineer and management consultant, is widely recognized as the pioneer of scientific management principles.
In the late 19th and early 20th centuries, Taylor observed inefficiencies and poor productivity in industrial settings. He believed that management practices at the time lacked scientific rigor and could be improved through a systematic approach. Taylor's approach emphasized the application of scientific methods to improve efficiency, productivity, and worker performance.
Taylor introduced time and motion studies to analyze work processes and identify the most efficient ways of performing tasks. He advocated for the division of labor, standardization of work procedures, and the use of monetary incentives to motivate workers.
Taylor's ideas had a significant impact on industrial management, and his work laid the foundation for modern management practices. Scientific management principles influenced subsequent management theories and approaches, including the development of concepts like work specialization, performance measurement, and process optimization.
Frederick Winslow Taylor's contributions to the early study of management thought and the establishment of scientific management have had a lasting influence on the field of management and continue to shape managerial practices to this day.
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What difficulties may come when the proffession
scelected with out ability and interested 'Mention
any five
Answers
Answer:
1. Lack of Vision
2. Lack of Focus
3. Lack of Willpower
4. Trying to Please Everyone
5. Fear
6. The Average Mentality
7. The Pursuit of Perfection
When writing a check...
Spell out the dollars and cents in the short box next to the $ symbol
Spell out the dollars and cents on the long line that ends in "Dollars"
Never sign the check
Sign on the line that says "Pay to the order of"
Always print your signature
Answers
- Spell out the dollars and cents in the short box next to the $ symbol
- Spell out the dollars and cents on the long line that ends in "Dollars"
- Sign on the line that says "Pay to the order of"
- Sign your name in cursive or as you normally do
- Make sure the amount written in words matches the numerical amount in the box
- Ensure the date is correct and current
- Write the name of the person or organization you are paying on the line that says "Pay to the order of"
- Include any optional memo or note on the memo line
- Keep a record of the check in your checkbook register or other tracking system.
what is business ? please tell us
Answers
Answer:
Noun, a person's regular occupation, profession, or trade.
Explanation:
how do you become popular
Answers
Answer:
Spread the word; advertisements
Explanation:
In order to get popular you need to spread the word about your business, you needadvertisementst,s and sometimes even create your own website. Some website makers include Wix.
the expansionary effects of an increase in government expenditures will tend to be offset, at least partially, if group of answer choices government borrowing drives interest rates upward. taxes are not also increased. business decision makers and consumers become more optimistic as the result of the fiscal stimulus. the economy is operating well below its full-employment capacity.
Answers
The expansionary effects of an increase in government expenditures can be offset if government borrowing drives interest rates upward.
However, the impact of this offsetting effect can be influenced by other factors such as whether taxes are increased or not, whether business decision-makers and consumers become more optimistic as a result of the fiscal stimulus, and whether the economy is operating well below its full-employment capacity.
For example, if taxes are not increased, it could lead to an increase in disposable income for individuals and businesses, which could boost spending and investment. Similarly, if business decision-makers and consumers become more optimistic, it could lead to an increase in spending and investment, further stimulating the economy.
On the other hand, if the economy is already operating at or near full-employment capacity, then an increase in government expenditures may not have much effect on output or employment, even if interest rates do not rise.
Overall, the offsetting effects of government borrowing and interest rates are an important consideration when assessing the impact of fiscal stimulus, but they need to be evaluated in the context of other factors that could affect the economy's response to the stimulus.
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Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.
Answers
Answer:
B. economic principles affecting entire countries.
Explanation:
Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.
Answer:
economic principles affecting entire countries
Explanation:
i took the test
Is working for a credit union better than a bank?.
Answers
Banks offer higher salaries for executive positions, but credit unions offer large year-end bonuses to every employee. The management feels that everyone on their team should receive compensation for the organization's performance.
What is meant by credit union ?Credit unions are non-profit corporations with the sole purpose of assisting their members. Like banks, credit unions offer a variety of other financial services in addition to accepting deposits and making loans.
The Final Verdict. You can expect to get more affordable services and better interest rate choices at credit unions for both loans and deposits. Banks are anticipated to offer more services and goods as well as more sophisticated technologies.
As was already established, the primary distinction between banks and credit unions is that the former are for-profit businesses that distribute profits to their shareholders, whilst the latter are cooperatives that are managed by their members.
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There are 10 producers each with a cost curve C(q) = q?. The demand curve is given by D = 2000 – 10p. Each producer creates a MEC (marginal external cost) of $100 per unit produced. a) What is the competitive equilibrium quantity produced and consumed? b) What is the efficient quantity?
Answers
a) The competitive equilibrium quantity is found by setting the quantity supplied (10q) equal to the quantity demanded (2000 - 10p) and solving for q.
b) The efficient quantity is where the marginal social cost (MSC = C(q) + MEC) intersects with the demand curve (D = 2000 - 10p). Solving for q will give the efficient quantity.
In a competitive market, the quantity produced and consumed is determined by the interaction of supply and demand forces. In this scenario, there are 10 producers with a cost curve of C(q) = q? and a demand curve given by D = 2000 - 10p.
To find the competitive equilibrium quantity, we equate the quantity supplied by the producers (10q) with the quantity demanded by consumers (2000 - 10p). Solving this equation will give us the quantity at which supply equals demand, representing the competitive equilibrium quantity produced and consumed.
By substituting this equilibrium quantity into the demand curve equation, we can determine the corresponding price in the competitive market.
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what is the present value of 9 equal payments of $18,500 to be made at the end of each year for the next 9 years? the annual interest rate is 10%
Answers
The present value of 9 equal payments of $18,500 to be made at the end of each year for the next 9 years, with an annual interest rate of 10%, is approximately $112,966.
To calculate the present value, we need to use a formula called the present value of an annuity. The formula for present value of an annuity is:
PV = A * [(1 - (1 + r)^-n) / r]
Where PV is the present value, A is the amount of each payment, r is the annual interest rate, and n is the number of payments.
Plugging in the numbers from your question, we get:
PV = $18,500 * [(1 - (1 + 0.1)^-9) / 0.1]
Simplifying this equation, we get:
PV = $18,500 * [(1 - 0.422) / 0.1]
PV = $18,500 * [5.878]
PV = $108,481
Therefore, the present value of the 9 payments is approximately $108,481. However, this is the present value at the beginning of the first year. To get the present value at the present time, we need to discount this value by one year at the annual interest rate of 10%.
Discounting $108,481 by one year gives us:
PV = $108,481 / (1 + 0.1)
PV = $98,619
Therefore, the present value of the 9 payments at the present time is approximately $98,619.
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Arkansas permit test?
Answers
Answer:
Arkansas Fines and Limits Permit Practice Test
To take your knowledge exam, you'll need to pay a $5 testing fee, as well as a $40 license fee if you pass.
25 questions. The Arkansas knowledge test, which you must pass to get your learner's permit, has 25 questions. You must correctly answer 20 of them. If you fail the knowledge test, you can re-test in five days.
please help, this is very simppleee!! ^^
Thomas is a broker who works at a large investment firm. His job is to research different stocks and make recommendations to his customers on which ones they should invest in. Which career cluster would Thomas’s job fall under?
A) Finance
B) Business management
D) STEM
*Pls don't scam me for points!!
Answers
Finance, career cluster, would Thomas’s job fall under. Thus, option (a) is correct.
What is job?
A “job” is a designation for working for a specific business. An opportunity for career advancement arises from the job. One could increase their income and gain experience by working. The job was the source of the income. They are the based on the earnings are the career cluster.
According to the Thomas’s job fall under are the based on the finance. It was the largest investment in the firm are the research are the stocks on the recommendations of the customer. It was the investing company are the related to the finance.
As a result, the finance, career cluster, would Thomas’s job fall under. Therefore, option (a) is correct.
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How much will Molly pay per month to buy this car ?
Answers
Answer:
need more info
Explanation:
You have decided that you want to be a millionaire when you retire in 45 years. a. If you can earn an annual return of 11.4 percent, how much do you have to invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What if you can earn 5.7 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
The amount I should invest today if I earn an annual return of 11.4% is $7,765.45.
The amount I should invest today if I earn an annual return of 5.7% is $82,532.61.
What is the amount I should invest today?The formula that can be used to determine the amount I should invest today is:
PV = FV / (1 +r)^t
Where:
PV = present value FV = future value = $1,000,000 t = 45 years r = interest rate = 11.4%, 5.7%$1,000,000 / (1.114)^45 = $7,765.45
$1,000,000 / (1.057)^45 = $82,532.61
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what do you mean by pricing. In what situation price is reduced
Answers
Answer:
Explanation
Meaning that as they lower their prices, the cost per unit is lowered and therefore their profits remain the same. If the business is breaking into a new market, starting off with a very low market share, and have the financial backing and resources to offer a lower price than competitors.
Jared had studied extremely hard for his math test and believed he had understood the material and memorized the formulas. As he entered the classroom and sat at his desk, he began to worry. He was fearful that he had not prepared enough to do well on the test. The tests were passed out, and he turned his over to begin. As he read the first question, he panicked and his mind went blank. He had a classic case of test anxiety. Which of Jared’s anxiety reactions was physical? He panicked. He began to worry. He was fearful. His mind went blank.
Answers
Answer:
He began to worry.vvv
Explanation:
Answer:
"(A)" not 100% percent sure but I'm 99.9 percent sure it's right because I am very confident in my decision
Explanation:
tell me in the comments if it's right, if it's wrong I'll change my answer as soon I notice but please don't hate because this is what I think
Andrea has a health insurance deductible pf $5,000. Her medical bills for the year total $49,000. How much will she be required to pay out of pocket on her annual medical bills?
A. $5,000
B. $33,000
C. $0
D. $38,000
Answers
b is right answer I think
$5,000 is the amount she will pay out of pocket on her annual medical bills.
Basically, the term of Deductible is used in Insurance. The amount of deducible refrain the Insurer from liability until a certain level of liability is reached.
In health Insurance, having a deductible of $5,000 on one's policy means the health plan benefits will start after one pays $5,000 out of his pocket.
Information given
Deductible = $5,000
Total claim = $49,000
Therefore, the Option C is correct because $5,000 is the amount she will pay out of pocket on her annual medical bills.
Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload
Answers
The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.
What is the minimum amount of money he must take home every month to avoid being in danger of credit overload?Generally, The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.
In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.
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What is project management?