answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
castortr0y [4]
2 years ago
8

Annapolis Company completes job #601 which has a standard of 500 labor hours at a standard rate of $20.00 per hour. The job was

completed in 590 hours and the average actual labor rate was $19.90 per hour. What is the labor efficiency (quantity) variance? A negative number indicates an favorable variance and a positive number indicates an unfavorable variance.
Business
1 answer:
TiliK225 [7]2 years ago
4 0

Answer:

$1,800 Unfavorable

Explanation:

Data given

Actual hours = 590

Standard hours = 500

Standard rate per hour = $20.00

The computation of labor efficiency (quantity) variance is shown below:-

Labor efficiency variance = (Actual hours - Standard hours) × Standard rate per hour

= (590 - 500) × $20.00

= 90 × $20.00

= $1,800 Unfavorable

Therefore for computing the Labor efficiency variance we simply applied the above formula.

You might be interested in
____ is the marketable security that tracks an index, a commodity bonds, or a basket of assets like an index fund. It also trade
Feliz [49]

Answer: Exchange Traded Funds

Explanation:

The above mentioned characteristics are typical of the financial vehicle known as Exchange-Traded Funds (ETF).

It is a marketable security that tracks an index, a commodity bonds, or a basket of assets like an index fund.

It trades like stock on a stock exchange and is attractive to investors.

Common examples include the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index and the iShares MSCI EAFE ETF.

8 0
2 years ago
Read 2 more answers
Suppose that flu shots create a positive externality equal to $8 per shot. Further suppose that the government offers a $11-per-
Ede4ka [16]

Answer:

The answer is: the equilibrium quantity is larger than the socially optimal quantity.

Explanation:

In order for the equilibrium quantity and the socially optimal quantity to be equal, the government subsidy should have been equal to the positive externality created by the flu shots ($8).  Since the government subsidy is larger, $11, then the equilibrium quantity will be higher (more flu shots supplied because of high subsidy).

4 0
2 years ago
A 10-year, 8% coupon bond currently sells for $90. A 10-year, 4% coupon bond currently sells for $80. What is the 10-year zero r
Ann [662]

Answer:

<em>3.57% per Annum or 0.0357</em>

Explanation:

Recall that,

By Taking a long position in two of the 4% coupon bonds and a short position in one of the 8% coupon bonds it results in the following

The Year 0:    90- 2 x 80 = -70

The Year 10:   200- 100 = 100  

Since  both coupons cancel each other.

In 10 years time a $100 will be the same to $70 today.

The 10-year rate, R, (10-year-rate) is  given as,

The rate is  1/10 in 100/70 =0.0357  or 3.57% per year.  

.

4 0
2 years ago
Accountants and Economists differ in their calculations of profits in that; a. ​economists consider sunk costs b. ​accountants c
zysi [14]

Answer:

The correct answer is letter "C": ​accountants consider explicit costs only.

Explanation:

Explicit costs are those necessary for the operations of the company such as wages, rent or raw materials. Implicit costs are the opportunity costs companies as a result of giving up factors such as purchases or qualified employee hires.

<em>The </em>accounting profit<em> of a company is calculated by subtracting the explicit costs from the firm's total revenue. The </em>economic profit<em> is computed by subtracting the result of adding the explicit and implicit costs from the company's total revenue.</em>

4 0
2 years ago
Wd-40, inc. markets only one product, its namesake chemical lubricant. the company offers the product in several different conta
Genrish500 [490]

WD-40 is considered as having a narrow product mix. Product mix is also known as product assortment. Product mix means the variety and number of product lines the company or business is offering. Product mix is to be improved from time to time as customer changes it needs, so product managers shall create new product lines that meet the needs of the clients.  

5 0
2 years ago
Other questions:
  • The sea wharf restaurant would like to determine the best way to allocate a monthly advertising budget of $1000 between newspape
    5·1 answer
  • Anwar dresses for a cold fall day and steps outside to find it sunny and hot. he goes back inside to change out of his sweater a
    9·1 answer
  • HiLo Mfg. is analyzing a project with anticipated sales of 12,500 units, ±2 percent. The variable cost per unit is $13, ± 2 perc
    5·1 answer
  • Intel Corp has a share price of $31.63 and a yearly dividend of $1.50 per year. An option with a strike price of $27 has a call
    10·1 answer
  • Brush Industries reports the following information for May: Sales $ 915,000​ Fixed cost of goods sold 103,000​ Variable cost of
    11·1 answer
  • Organic Laboratories allocates research and development costs to its three research facilities based on each facility's total an
    12·1 answer
  • Use the information presented in Southwestern Mutual Bank's balance sheet to answer the following questions.
    9·1 answer
  • Basics Test - English EXIT PREVIOUS Paul is setting up a marketing/sales event at a community center where he is going to discus
    10·1 answer
  • Mr. Green contracts with Mr. Brown to repair his roof. Mr. Brown is about 75% done when the deadline of the contract occurs. Whi
    14·1 answer
  • Which of the following is not a feature or characteristic of subscription monitoring tools? Select one: a. Most moderate and hig
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!