The standard cost for blank variable manufacturing overhead is computed the same way as the standard cost for direct labor.
How much is the direct labor efficiency variance?The labor efficiency variance is equal to the number of direct hours budgeted for a period minus the number of hours actually worked by the employee multiplied by the standard hourly rate.
The direct variance in labor efficiency is the standard time required for actual output compared to the time actually spent, and the time difference multiplied by the standard cost per direct labor hour. Here are some examples of amounts: Suppose the standard for direct labor is 3 hours per unit of production and the standard cost of 1 hour of direct labor is $10. Suppose the production for the period was 6,000 units, the actual direct labor hours were 18,400 hours, and the labor earned $10.30 per hour. The standard direct labor cost for actual production would have been 18,000 hours at $10/hour (6,000 production units x 3 standard hours) totaling $180,000. This equates to a total deviation (efficiency and rate) of $9,520. Part of this discrepancy is because the rate is too high at $0.30, and part of this discrepancy is because direct labor takes too long and is not efficient.
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if the price of chocolate-covered peanuts decreases from $1.10 to $0.90 and the quantity demanded increases from 180 bags to 220 bags, this indicates that, if other things are unchanged, the price elasticity of demand is:
The ratio of the percentage change in quantity demanded to the percentage change in price is used to calculate price elasticity of demand. PED= 20 % / 20 %= (-) 1
Quantity changed by %
=((220-180) /(220+180)/2 )) * 100
= 40/200 * 100
= 20 %
% Price Change
=((1.1-0.9) / (1.1+0.9) / 2 ) * 100
=0.2 /1 * 100
= 20 %
PED
= 20 % / 20 %
(-) 1
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this type of deed simply conveys the grantor's rights or interest in real estate, without any agreement or covenant as to the nature or extent of that interest, or any other covenants...?
Full Covenant and Warranty Deed. This type of deed simply conveys the grantor's rights or interest in real estate, without any agreement or covenant as to the nature or extent of that interest, or any other covenants.
What is Warranty Deed?A bond proves that the grantee has clear ownership of the property and has the right to sell it to the grantee, as opposed to a receipt that does not guarantee that the seller owns the title. It is a kind of certificate that guarantees of properties. A general Warranty Deed protects the beneficiary against legal defects that may arise at any time and are traced back to the origin of the property. The Special Warranty Deed only protects the grantee against legal defects resulting from acts or omissions of the grantor.Warranty Deed may contain six traditional forms of covenants of title, sometimes referred to as English covenants of title. These six traditional forms of alliance can be divided into her two categories : Current and future alliances.To learn more about Warranty Deed from the given link :
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How much time do many project managers recommend be allocated for training staff to facilitate a successful enterprise system implementation?.
Many project managers advise allocating 30 to 60 days per person for staff training in order to assist a successful enterprise system adoption.
Define the term enterprise system?Enterprise systems are sizable software packages that can monitor and manage all of a company's intricate business activities.
To systematize the business and facilitate reporting and decision-making, these systems serve as a central command center.Technology eventually gives rise to new occupations like data architects, social media analysts, business intelligence analysts, and mobile application developers. These positions weren't around twenty, or maybe even ten, decades previously. Enterprise Systems, a class of information technologies enabling integrate business operations across the enterprise, have evolved into the foundation of contemporary businesses.Enterprise systems might be advantageous to businesses who successfully adopt them in the manner listed below:
Save company information in a readable format.automate employee customer service procedures.Scale up or down the available resources as necessary.Maximize the IT Infrastructure Reliability Required for Customer Service.To know more about the enterprise system, here
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eddie contributed $60,000 cash to howling llc in exchange for a 50% member interest. howling immediately borrowed $50,000 of nonrecourse debt. what is eddie's tax basis in howling?
Eddie's tax basis in the howling is $85,000
Total contribution by Eddie = $60,000
Member interest = 50%
Borrowed amount = $50,000
The costs of significantly enhancing the asset are covered by the tax basis. The asset's initial cost is factored into the tax base. The costs incurred to prepare the asset for use are included in the tax base.
Calculating the total amount due after the interest -
50% of 50,000
= 50/100 × 50,000
= 25,000
Now,
Calculating the total tax basis -
Total contribution + Adjusted amount -
= 60,000 + 25,000
= 85,000
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_____demand describes the overall, or total demand for all final goods and services produced in an economy
Aggregate demand describes the overall, or total demand for all final goods and services produced in an economy.
The total quantity of demand including all completed goods and services generated inside an economy is defined as aggregate demand. The entire amount of money spent on those services and products at a given price level and time is characterized as aggregate demand.
Technically, aggregate demand only resembles GDP over the long run if the price level has already been taken into account. This is because of the fact that short-run aggregate demand assesses all production at a fixed nominal price level, wherein nominal is not inflation-adjusted. Based on the method employed as well as the different components, more variations in the calculations may take place.
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angela purchased a corporate bond currently selling for $925 in the secondary market. the bond has a coupon rate of 7.75% and matures in 12 years. which of the following is the yield to maturity on this bond? a) 8.49% b) 4.39% c) 8.77% d) 15.50%
The yield to maturity on this bond is 8.77% at 12 years maturity of 7.75% coupon rate and corporate bond of $925.
The yield to maturity on this bond formula is:
Corporate bond, PV = 925
Semiannual coupon payment; PMT = 38.75 (7.75% × 1,000 ÷ 2)
= 1501.56
FV = 1,000
N = 24 (12 × 2)
Solve for I/YR = 4.387 × 2
= 8.77%
the yield to maturity on this Corporate bond is 8.77%.
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what is the usual result to the shareholders of a distribution in complete liquidation of a corporation?
A capital gain or loss is the usual result to the shareholders of a distribution in complete liquidation of a corporation.
A corporation is a legal entity whose owners are its shareholders, who also choose a board of directors to manage the organization's operations. The corporation, not the shareholders, is responsible for the business's operations and financial condition. A person or legal entity that is officially recognized by a corporation as the owner of shares of the share capital of a public or private corporation is referred to as a shareholder. A corporation's members may be referred to as shareholders. An organization that is authorized by the state to act as a single entity and is recognized as such in law for specific purposes is known as a corporation. This organization is typically a company or group of people.
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what are three challenges associated with retail order takers? (check all that apply.) multiple select question. high labor costs high turnover minimal training repetitive tasks
Three challenges associated with retail order takers are repetitive tasks, minimal training and high turnover.
There are three different categories of order takers: internal order takers, delivery salespeople, and outside order takers.
An agreement between your business and a retailer is known as a retail order (wholesaler, kiosk, bookstore etc.). In exchange for payment of the purchase price, your publisher undertakes to provide the ordered quantity to the ship-to party.
An order taker in sales is a person who responds to client queries (also known as orders) but does not actively pursue strategies that would boost sales, such as identifying new prospects or upselling to current clients.
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a schedule of cost of goods manufactured includes all of the following costs: multiple select question. finished goods inventory factory overhead applied actual factory overhead direct materials used work in process inventory direct labor used
A schedule of cost of goods sold include actual factory overhead, direct materials, work-in-process inventory and direct labor used.
The direct costs of producing the items that a business offers are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also factored into this sum. It does not incorporate indirect expenditures like those connected with the sales staff and delivery. As a company's gross profit is calculated by deducting COGS from its earnings, cost of goods sold is a crucial financial statement statistic. The gross profit is a measure of profitability that assesses how efficiently an organization utilizes its workers and resources during the manufacturing operation. Cost of goods sold consist of direct materials, direct labor, manufacturing overhead and work-in-process.
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a parcel of land is offered for sale at $600,000, is assessed for tax purposes at $500,000, is recognized by its purchasers as easily being worth $575,000, and is sold for $570,000. at what amount should the land be recorded in the purchaser's books?
A parcel of land is offered for sale at $600,000. Hence, Amount at which the land should be recorded in purchaser's book = $ 570,000
What is the historical cost principle?The historical cost principle is the basic accounting principle under US GAAP. Under the historical cost principle, most assets must be accounted for at cost, even if they have increased significantly in value over time. Not all assets are held at cost.
Why is the historical cost principle important?The historical cost principle is important. This is because companies can track the value of their assets over time, even if the value of the assets changes. This principle helps companies avoid inflating their financial statements by taking advantage of changes in market values.
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mcdonaldization is the application of scientific principles to increase the efficiency and productivity of workers. ritzer's principles were put forward at the turn of the 20th century and have been implemented throughout most sectors of capitalist economies.
Implemented throughout most sectors of capitalist economies is McDonaldization is a spinoff of “Americanization” or “Westernization” which is part of the broader phenomenon of Globalization. The phrases are used to consult the have an impact on that USA has everywhere in the global and the American mania of clarification in each sphere of life.
There is a much more availability of products and offerings than before, their availability relies upon much less on time or geographic location. This wider variety of products and offerings is to be had to a far large part of the population.
Coined via way of means of the sociologist George Ritzer, the time period invokes the well-known fast-meals chain based via way of means of Ray Kroc in 1955 as a metaphor for a huge extrade withinside the transport of products and offerings towards extra instrumentally green way of income and distribution.
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very small tools are less productive because they remove material slower due to their reduced size and strength. how should engineers design cost effective part features with regard to the tool size(s) required to produce them?
Engineers should use a step in the design of any physical object is selecting the material. In the context of product design, the main purpose of material selection is to reduce costs while attaining product performance goals.
What is Material Selection?Choosing a material is a phase in the design of any physical object. The major objective of material selection in the context of product design is to minimize costs while achieving product performance goals. The qualities and costs of potential materials serve as the starting point for a methodical selection of the optimum material for a certain application. Using a material index or performance index related to the desired material qualities can frequently help with material selection. For instance, a thermal blanket's thermal conductivity needs to be low in order to reduce the heat transfer for a specific temperature difference.Therefore, engineers should use a step in the design of any physical object is selecting the material. In the context of product design, the main purpose of material selection is to reduce costs while attaining product performance goals.
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money's function as a unit of account means that money _________________ .
Answer:
bank
Explanation:
If the nominal gross domestic product (GDP) of the nation of Hypothetica increased in 2007 relative to the previous year, it must be true that in Hypothetica in 2007:_____.
a. the price level and/or the real GDP has increased
b. no
If the nominal gross domestic product (GDP) of the nation of Hypothetical increased in 2007 relative to the previous year, it must be true that in Hypothetical in 2007 the price level and/or the real GDP has increased.
Hypothetical realism is a vulnerable shape of realism based totally on the principle of the growth of know-how recommend by way of evolutionary epistemology. The basic assumption is that human cognitive capacity has developed through interaction with the outside world.
Other similar terms to respond to hypotheticals may consist of, “properly, it truly is within the destiny, however, what I will inform you are”, or “I do not need to speculate on that. What's essential proper now is” it's in which the “live inside the present” rule is so important.
A hypothetical query is one based totally on supposition, not statistics. They may be commonly used to elicit critiques and beliefs approximately imagined conditions or conditions that don't exist.
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while using social networks as part of the hiring process, employers can: a. legally violate federal laws b. post messages on behalf of a candidate c. look at the profiles of potential candidates d. screen applicants based on race or ethnicity
While using social networks as part of the hiring process, employers can (C) look at the profiles of potential candidates.
What do we mean by social networks?A social networking service, sometimes known as an SNS, is an online platform that users use to create social networks or social connections with others who have similar interests, backgrounds, hobbies, or real-world connections. Social networking services come in a variety of formats and feature sets. Young individuals can use social networking platforms to explore their interests and connect with others who have similar ones. They can increase understanding of already-held interests while introducing young people to new concepts and ideas.People who participate in social networking activities may do so for personal or professional reasons.Employers can view candidate profiles while using social networks as part of the hiring process.Therefore, while using social networks as part of the hiring process, employers can (C) look at the profiles of potential candidates.
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Refer to the above diagram, in which Qfis the full-employment output. A contractionary fiscal policy would be most appropriate if the economy's present aggregate demand curve were at:A. AD0. B.AD1. C.AD2. D.AD3.
A contractionary fiscal policy would be most appropriate if the economy's present aggregate demand curve were at AD3. So option D.AD3 is the correct option of the given statement.
What is fiscal policy that is in contraction?In a contractionary fiscal strategy, the government raises more revenue than it spends by either higher tax rates, lower spending, or a combination of the two. The greatest moment to implement this kind of fiscal policy is when the economy is doing well. The reverse of expansionary fiscal policy is contractionary fiscal policy.
What effect does fiscal policy that is in contraction have?Contrarily, a contractionary fiscal policy reduces aggregate demand by lowering investment levels, lowering government spending, and lowering consumer and business spending. This is accomplished by tax increases or spending cuts.
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In______ (code/common) or civil law countries, accounting is conservative, focusing on the balance sheet and the company's assets.
In code (code/common) or civil law countries, accounting is conservative, focusing on the balance sheet and the company's assets.
Common stock is listed in the "stockholders' equity" section of a company's balance sheet. The book value, or net worth, of investors' shares, which is the sum of the company's assets minus its liabilities, can be found here.
Which of the following is the most widely used strategy for reducing transaction risk?
Currency forward contracts may be the most straightforward and well-liked method of hedging transaction exposure. In general, the company may sell or buy its foreign currency receivables (payables) forward to reduce its exposure to exchange risk.
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_____ is the management of the production conversion process for both goods and services.
Operations Management is the management of the production conversion process for both goods and services.
Operations management is a place of management concerned with designing and controlling the manner of production and redesigning enterprise operations inside the production of goods or services. It entails the responsibility of ensuring that commercial enterprise operations are green in terms of using as few sources as needed and powerful in meeting consumer requirements.
it is involved with handling a whole production or provider gadget that is the procedure that converts inputs (in the varieties of uncooked substances, hard work, consumers, and electricity) into outputs (inside the form of products and/or offerings for clients). Operations produce merchandise, control pleasant and create offerings. Operation management covers sectors like banking systems, hospitals, and corporations, running with suppliers, customers, and the use of technology. Operations are one of the principal functions in an organization alongside supply chains, marketing, finance, and human resources. The operations feature calls for control of each of the strategic and day-to-day production of products and offerings.
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The best example of a floating exchange rate system is (was) the:
a. Bretton Woods system
b. post Bretton Woods system era
c. gold standard
d. League of Nations
The gold standard is the best example of a floating exchange rate system.
In finance, an trade charge is a charge at which one foreign money could be exchanged for every other currency. Currencies are maximum typically countrywide currencies however can be sub-country wide as in the case of Hong Kong or supra-country wide as in the case of the euro.
An exchange charge system, additionally called a forex system, establishes the manner wherein the alternate price is determined, i.e., the fee of the domestic forex with appreciation to different currencies. choosing the currency gadget is a pivotal element of the monetary policy followed by means of a country's authorities.
exchange prices of a currency can be both constant or floating. the constant exchange rate is determined through the important financial institution of the u. s. while the floating fee is determined via the dynamics of market demand and supply.
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katrine, a sales manager, is keeping the latest sales numbers of her division from her regional director in fear that the poor performance will make the director angry. this is an example of which communication barrier?
Katrine, a sales manager, is keeping the latest sales numbers of her division. This is an example of Filtering communication barrier.
Communication Barriers:
Communication barriers are commodity that prevents us from rightly getting and accepting the dispatches others use to communicate their information, studies and ideas. Some of the exemplifications of communication barriers are information load, choosy comprehensions, plant gossipers, semantics, gender differences,etc.
Why is communication barrier important?By recognising what may be a barrier to communication, we make mindfulness of what might be passing when we communicate with others These and numerous other walls can beget disposition between people and beget misconstructions
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When a newly elected senator establishes their office, how is their office budget determined?.
The office budget is determined by the size of the state the Senator represents when a newly elected senator establishes their office.
Given that the Senate is quite small, this has had a big impact on how it runs. The small size of the Senate ensures that every senator has the chance to voice their opinion on many subjects, and there is a great deal of respect for minority viewpoints. A senator must be at least thirty years old, a citizen of the United States for nine years, and, when elected, a resident of the state in order to be eligible to serve in the Senate, which is made up of two senators from each state and presently has 100 members. The first estimates of planned and unplanned expenses are provided by several ministries.
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mikael owes $9,000 in student loans. his loan has a 7% interest rate over 10 years. what is true about this loan?
mikael owes $9,000 in student loans. his loan has a 7% interest rate over 10 years. mikael will pay $6,300 on interest on the loan.
Simple interest is charged rather than compound interest on all federal student loans and the majority of private student loans. Simple interest doesn't accrue interest on your unpaid interest; instead, it only charges interest on the principal amount. As a result, you pay less interest overall for the duration of your loan.
For example, if you take out a five-year loan for $9,000 and the interest rate on the loan is 7 percent, the simple interest formula works as follows:
I= Prt
p= $9000
r= 0,07
t= 10
I = $9,000 x .07 x 10 = $6,300
Mikael has student loan debt totaling $9000. His 10-year loan carries a 7% interest rate. What details of this loan are true? Decide which of the following is true:
a. Mikael will repay the loan with interest totaling $6,300.
b. Mikael's ten-year loan will be $900.
c. Mikael will repay the loan with interest totaling $3,540.
d. Mikael will repay his 10-year loan in $1,000 installments.
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Answer:
$3,540
Explanation:
First, we must calculate Mikael's monthly payment.
d=9000(0.0712)
1−(1+0.0712)^−120=104.50
If the monthly payments are $104.50, then the yearly payback is 104.50⋅12=$1254.
And, he will pay that each year for 10 years. So, 1254⋅10=$12540.
Therefore, Mikael will pay 12540−9000=$3,540 in interest over the life of the loan.
strategy, size, technology, and the degree of uncertainty in the environment together make up what are called .
Strategy, size, technology, and the degree of uncertainty in the environment together make up what is called a contingency variable.
Contingency variables are the individual factors that could affect the outcome or relationship between two variables. For instance, setting up a company for high production depends on the team of employees managing the company. Therefore, the team of employees is a contingency variable.
Strategy, size, technology, and uncertainty in the environment are the four contingency variables that directly affect the management control system of the company. It affects the type and amount of the production of the company.
Before, setting up a company, these are important contingency variables that determine the possibility of setting up and functioning the business.
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which of the following is an example of a decrease in government purchases?a. The government cancels an order for new military equipment. b. The Federal Reserve sells government bonds. c. The government increases personal income taxes. d. The government decreases unemployment insurance benefit payments.
Answer:
D. The government decreases unemployment insurance benefits payment.
The government cancels an order for new military equipment is an example of a decrease in government purchases. The products and services that the government directly acquires are known as government purchases.
What Are government purchases?Federal, state, and municipal governments spend money on products and services through government purchases. One of the most important factors in calculating a country's gross domestic product is the sum of all of this spending, minus transfer payments and interest on the debt (GDP).
Direct purchases of products and services are made by governments. For instance, the federal government pays soldiers and purchases weapons, ammunition, armor, and other necessary items for the national defense. The welfare system, Social Security, Medicare, Medicaid, and unemployment insurance are examples of "transfer payments" made by governments. The aggregate level of expenditure will rise even more if government spending results in employment growth for the unemployed.
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which type of feedback has the most impact on an employee and leads to a feeling of trust between the employee and manager?
Positive and negative feedback type of feedback has the most impact on an employee and leads to a feeling of trust between the employee and manager.
What is positive feedback?Positive feedback is a process in a feedback loop that amplifies the effect of a small disturbance. In other words, the effect of a disturbance on the system involves an increase in the magnitude of the disturbance.
Positive feedback enhances or reinforces change, it tends to throw the system out of balance and make it more unstable. Negative feedback tends to dampen or buffer change. it tends to keep the system in a sort of balance, making it more stable.
A positive feedback mechanism, or positive feedback homeostasis, is a pathway that, in response to a variation in output, causes the output to vary even more towards the original deviation.
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lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.3 hours of direct labor at the rate of $22.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 26,000 units of product wz in june. the finished goods inventories on june 1 and june 30 are budgeted to be 480 and 60 units, respectively. budgeted direct labor costs for june would be:
What a company pays its employees to produce one unit of output is known as the unit labor cost (ULC).
How do you calculate unit labor cost?Unit labor costs are frequently used as a general indicator of price competitiveness on the global market. They are described as the typical cost of labor for each produced unit of output. The ratio of total labor compensation to output per hour worked can be used to express them.The following chart illustrates how the budgeted direct labor cost per unit was calculated:Budgeted direct labor cost per unit = Required direct labor hours × rate per direct labor hour.
= 4.3 hours × $22
= $94.60
We can determine the budgeted direct labor cost per unit by multiplying the required direct labor hours by the rate per direct labor hour.
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would it be useful to learn more about the company's practices, traditions, and customs that align with the mottos the assistant is sharing with you?
No. Most companies have a motto. You want the CEO there now because he is the one with the knowledge about the company. You tell the assistant that the CEO really should be here right now.
Motto- A motto is a short phrase that describes an organization's guiding principle. Mottos allow businesses to express what is important to them and how they want to conduct business.
A motto is a slogan or favorite saying, such as "When life gives you lemons, make lemonade." It is something you might see on a t-shirt or bumper sticker — a short sentence or phrase that means something to that person.
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the owners of spokes bicycle shop worry that cash flow this winter may be insufficient to meet the current operating expenses. while they anticipate a surplus of cash inflow as warm weather approaches, they need funds now to meet the company's immediate obligations. the owners can best resolve cash flow concerns by obtaining financing. multiple choice short-term long-term contingency intermediate
The announcement of cash flows affords the money inflows and outflows that came about for the duration of the reporting period.
This can grant a useful assessment to the earnings statement, particularly when the amount of earnings or loss stated does now not reflect the cash flows skilled by way of the business.
What is the key to successfully managing charges and cash flow?Strategies for managing money go with the flow include invoicing customers in a well timed fashion, offloading stock that does not sell well, and intently monitoring the place you spend money. Experts also suggest securing financing before you're strapped for cash and restructuring payments to free up cash.
The essential goal of money glide statement is to supply beneficial information about cash flows of an organisation at some point of a specific period underneath a number of heads, i.e. operating, investing and financing activities.
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https://brainly.com/question/735261#SPJ4according to the capm, the optimal risky portfolio (tangency portfolio) _____. has the lowest systematic risk is the market portfolio. depends on risk aversion has the highest expected return
According to the CAPM, the optimal risky portfolio (tangency portfolio) expected variance has the lowest systematic risk is the market portfolio. depends on risk aversion has the highest expected return.
In finance and economics, systematic risk is vulnerability to events that affect aggregate outcomes, such as general market returns, aggregate resource stocks across the economy, or aggregate income.
Systematic risk is risk that is specific to an entire market or market segment. Systematic risk, also known as 'non-diversifiable risk', 'volatility' or 'market risk', affects the entire market, not just a particular stock or industry.
Systematic risk is the risk that affects an entire market or a large sector of a market rather than just a single stock or industry. Examples are natural disasters, weather events, inflation, interest rate fluctuations, war and even terrorism.
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vince never carries a balance on his credit card. if vince charges $200 on his credit card and he pays his balance in full within the grace period, how much will he pay to clear the charge from his credit card? his credit card has an apr of 18%.
Vince is required to pay $200
A credit card is a revolving account that allows the card owner to expense up to the given limit. Most card issuers will not require full payment at the end of each cycle, instead, a card owner can pay the minimum amount. Note that, there is an interest charge on the open balance.
The grace period is the period between the ending date of a credit card cycle and the due date for the minimum payment. If full payment is processed within the grace period, there is no interest charge. Hence, the required payment will be only $200.
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