Milar Corporation makes a product with the following standard costs: The company applies variable overhead on the basis of direc
t labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is:
1 answer:
Answer:
-$3,547 unfavorable
Explanation:
For the computation of labor rate variance for January first we need to find out the standard direct labor cost which is shown below:-
Standard Direct labor cost = Produced units × Standard quantity of direct labor × Standard price of direct labor
= 3,440 × 0.8 × $33
= $90,816
Labor rate Variance = Standard direct labor cost - Actual labor cost
= $90,816 - $94,363
= -$3,547 unfavorable
Therefore for computing the labor rate variance we simply applied the above formula.
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Answer:
for interest rates equal to or lower than 200%, the firms will use trigger strategies to support the collusive level of advertising
Explanation:
Using the below expression to determine the range of interest rates could these firms use trigger strategies to support the collusive level of advertising; we have:
where;
Then :
=
=
%
Thus; for interest rates equal to or lower than 200%, the firms will use trigger strategies to support the collusive level of advertising