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Leona [35]
2 years ago
10

Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing ha

s 70 employees. Each employee presently provides 38 hours of labor per week. Information about a production week is as follows:Standard wage per hr. $20.00 Standard labor time per faucet 30 min. Standard number of lbs. of brass 2.5 lbs. Standard price per lb. of brass $1.80 Actual price per lb. of brass $1.95 Actual lbs. of brass used during the week 13,000 lbs. Number of faucets produced during the week 5,000 Actual wage per hr. $18.75 Actual hrs. for the week (70 employees × 38 hours) 2,660Required:a. Determine the standard cost per unit for direct materials and direct labor. b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.
Business
1 answer:
k0ka [10]2 years ago
8 0

Answer:

a. Determine the standard cost per unit for direct materials and direct labor.

standard direct labor rate = $20 x 30/60 minutes = $10 per faucet

standard direct materials rate = $1.80 x 2.5 lbs = $4.50 per faucet

b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.

direct materials price variance = (actual price x actual quantity) - (standard price x actual quantity) = ($1.95 x 13,000) - ($1.80 x 12,500) = $25,350 - $22,500 = $2,850 UNFAVORABLE

direct materials quantity variance = (standard price x actual quantity) -(standard price x standard quantity) = ($1.80 x 13,000) - ($1.80 x 12,500) = $23,400 - $22,500 = $900 UNFAVORABLE

total direct materials variance = direct materials price variance + direct materials quantity variance = $2,850 + $900 = $3,750 UNFAVORABLE

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Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman'
n200080 [17]

Answer:

Option C) Littman's $179 expense will be greater than $100,000

Explanation:

Data:

Littman LLC placed in service on July 29, 2019, machinery and equipment (seven-year property) with a basis of $600,000. Littman's income for the current year before any depreciation deduction was $100,000

From the options, In order to minimize depression, Littman's $179 expense will be greater than $100,000. This will come from the profit loss reconciliation. Hence option C will be the correct option in this case.

4 0
1 year ago
You buy an eight-year bond that has a 5.50% current yield and a 5.50% coupon (paid annually). In one year, promised yields to ma
Dovator [93]

Answer:

The correct answer is 0.02%.

Explanation:

According to the scenario, the given data are as follows:

Face Value = $1,000

Coupon rate = 5.5%

Coupon Payment = $1,000 x 5.50% = $55

Yield to Maturity = 6.50%

Time period = 7 years

So, we can calculate the holding period return by using following method:

Holding-period return = [(Coupon Payment + ( Price of bond after one year - Face value)) ÷ Face value] x 100

Where, Price of bond after one year = PV of coupon payment + PV of FV

= $55[PVIFA 6.50%, 7 Years] + $1,000[PVIFA 6.50%, 7 Years]

= [$55 × 5.48452] + [$1,000 × 0.64351]

= $945.15 ( Refer to PVIFA table)

So by putting the value in the formula, we get

= [{$55 + ($945.15 - $1,000)} ÷ $1,000] x 100

= [$0.15 ÷ $1,000] x 100

= 0.02%

5 0
1 year ago
This program will store roster and rating information for a soccer team. coaches rate players during tryouts to ensure a balance
Vedmedyk [2.9K]

Answer:

Explanation:

#include <iostream>

#include <vector>

using namespace std;

int main() {

   vector<int> jerseyNumber;

   vector<int> rating;

   int temp;

   for (int i = 1; i <= 5; i++) {

       cout << "Enter player " << i

            << "'s jersey number: ";

       cin >> temp;

       jerseyNumber.push_back(temp);

       cout << "Enter player " << i

            << "'s rating: ";

       cin >> temp;

       rating.push_back(temp);

       cout << endl;

   }

   cout << "ROSTER" << endl;

   for (int i = 0; i < 5; i++)

       cout << "Player " << i + 1 << " -- "

            << "Jersey number: " << jerseyNumber.at(i)

            << ", Rating: " << rating.at(i) << endl;

   char option;

   '

   while (true) {

       cout << "MENU" << endl;

       cout << "a - Add player" << endl;

       cout << "d - Remove player" << endl;

       cout << "u - Update player rating" << endl;

       cout << "r - Output players above a rating"

            << endl;

       cout << "o - Output roster" << endl;

       cout << "q - Quit" << endl << endl;

       cout << "Choose an option: ";

       cin >> option;

       switch (option) {

           case 'a':

           case 'A':

               cout << "Enter a new player's"

                    << "jersey number: ";

               cin >> temp;

               jerseyNumber.push_back(temp);

               cout << "Enter the player's rating: ";

               cin >> temp;

               rating.push_back(temp);

               break;

           case 'd':

           case 'D':

               cout << "Enter a jersey number: ";

               cin >> temp;

               int i;

               for (i = 0; i < jerseyNumber.size();

                    i++) {

                   if (jerseyNumber.at(i) == temp) {

                       jerseyNumber.erase(

                               jerseyNumber.begin() + i);

                       rating.erase(rating.begin() + i);

                       break;

                   }

               }

               break;

           case 'u':

           case 'U':

               cout << "Enter a jersey number: ";

               cin >> temp;

               for (int i = 0; i < jerseyNumber.size();

                    i++) {

                   if (jerseyNumber.at(i) == temp) {

                       cout << "Enter a new rating "

                            << "for player: ";

                       cin >> temp;

                       rating.at(i) = temp;

                       break;

                   }

               }

               break;

           case 'r':

           case 'R':

               cout << "Enter a rating: ";

               cin >> temp;

               cout << "\nABOVE " << temp << endl;

               for (int i = 0; i < jerseyNumber.size();

                    i++)

                   if (rating.at(i) > temp)

                       cout << "Player " << i + 1

                            << " -- "

                            << "Jersey number: "

                            << jerseyNumber.at(i)

                            << ", Rating: "

                            << rating.at(i) << endl;

               break;

           case 'o':

           case 'O':

               cout << "ROSTER" << endl;

               for (int i = 0; i < jerseyNumber.size();

                    i++)

                   cout << "Player " << i + 1 << " -- "

                        << "Jersey number: "

                        << jerseyNumber.at(i) << ", Rating: "

                        << rating.at(i) << endl;

               break;

           case 'q':

               return 0;

           default:

               cout << "Invalid menu option."

                    << " Try again." << endl;

       }

   }

}

4 0
1 year ago
Karen, an automobile mechanic employed by an auto dealership, is considering opening a fast-food franchise. If Karen decides not
vova2212 [387]

Answer:

The right solution is "Not Deductible".

Explanation:

If everyone's investigation for a company or starting a company fails, costs classified into two broad categories besides you:

  • Unless you're a person and your effort to start a company isn't successful, there are 2 kinds of investments you have had in attempting to develop yourself in the company.
  • The expenses clients used to have before you made an intention to open a particular business. These would be personal but non-deductible charges. They include other expenses incurred throughout a regular search for something like a company or equity investment opportunity or perhaps a thorough investigation into it.
  • The expenditures you have in your effort to purchase or launch a particular venture. Such charges are capital expenditures, and that as a capital loss, you will subtract them.
6 0
2 years ago
Explain how workplace safety is guaranteed by the roles of the government, the employer, and the employee
GuDViN [60]

<u>Explanation:</u>

Workplace safety is the responsibility of the employer to provide a safe place to work for the employees. According to Occupational Safety and Health administration it is necessary to follow certain job safety standards by the employer. The employer has to give safety awareness to the  employees. Employees can utilize the safety empowerment and report to management if there are any safety issues.

The government's responsibility is to set standards for the business enterprises to maintain their workplace safety. The government collects fines if anything is beyond the safety regulations or improper standards of organisations.

7 0
1 year ago
Read 2 more answers
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