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Rashid [163]
2 years ago
9

During January, 7,000 direct labor hours were worked at a standard cost of $20 per hour. If the direct labor rate variance for J

anuary was $17,500 favorable, the actual cost per direct labor hour must be?
Business
1 answer:
igor_vitrenko [27]2 years ago
8 0

Answer:

$17.50

Explanation:

Given that,

Direct labor hours = 7,000

Standard cost = $20 per hour

Direct Labor Rate Variance = $17,500 Favorable

(Standard Rate - Actual Rate) × Actual Hours = $17,500 Favorable

(20 - Actual Rate) × 7,000 = $17,500 Favorable

140,000 - 7,000 Actual Rate = $17,500 Favorable

Therefore,

7,000 Actual rate = (140,000 - $17,500)

Actual rate = 122,500 ÷ 7,000

                  = $17.50

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Tropetech Inc. has an expected net operating profit after taxes, EBIT(1 – T), of $2,400 million in the coming year. In addition,
WARRIOR [948]

Answer:

Explanation:

The computation is shown below:

The free cash flow is

= Expected net operating profit after taxes - net capital expenditure - net operating working capital

= $2,400 million - $360 million - $45 million

= $1,995 million

Now the total firm value is

= Free cash flow ÷ (cost of capital - growth rate)  

= $1,995 million ÷ (11.70% - 3.90% )

= $1,995 million ÷ 7.8%

= $25,576.92 million

Now the intrinsic value of equity is

= Total firm value - outstanding debt - preferred stock

= $25,576.92 million - $11,510 million - $6,394 million

= $7,672.92 million

And, the intrinsic value per share

= $7,672.92 million ÷ 675 million shares

= $11.37 per share

7 0
2 years ago
Interglobal Paper Company has asked for your help in comparing its present computer system with a new one its board of directors
madam [21]
The answer is b idk why but i think im right
8 0
2 years ago
PB1.
maria [59]

Answer:

Explanation:

1. prime costs: direct materials+direct labour

                   = $22,000+$35,000

                    = $57,000

2. Conversion Costs= Direct labour + Manufacturing Overheads

                      = $35,000+ $17,500

                      = $52,500

3. Product Costs = direct material+ direct labour+ manufacturing overheads

                             = $22,000 + $ 35,000 + $17,500

                             = $74,500

4. Period Costs = Selling expenses+ administrative expenses

                          = $17,600 + $13, 400

                          = $31,000

If 13,750 equivalent units are produced, what is the equivalent material cost per unit = direct materials costs / unit produced

             = $22,000/13,750

            = $1.6 per unit

If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit = total conversion costs/unit produced

                   = $52,500/17,500

                   =$3 per unit

3 0
2 years ago
The company's adjusted trial balance as follows includes the following accounts balances:
Zina [86]

Answer:

Expense & revenue summary a/c (credit balance) = $3500

Explanation:

  1. Dr  Expense & revenue summary 52500

                          Cr Sales discount                     1500

                          Cr Sales return & allowance   3000

                          Cr   Depreciation expense      25000

                          Cr   Salaries expense               23000

         (Close expenses to expense & revenue summary a/c)

2. Dr Sales    56000

                           Cr  Expense & revenue summary  56000

       (Close sales to expense & revenue summary a/c)

3.  Dr Expense & revenue summary a/c 3500

                         Cr  Retained earning a/c           3500

      (To close expense & revenue summary a/c)

4. Dr Retained earning  2000

                          Cr Expense & revenue summary  2000

       (Close dividend to expense & revenue summary a/c)d

7 0
2 years ago
When applying for jobs, job seekers often focus on a desired salary while ignoring other aspects of the job offer such as benefi
Lena [83]

Answer:

A) anchoring bias

Explanation:

Anchoring bias refers to a common mistake of relying heavily on the first information that we get, or in this case, the first information that we look for.

We all tend to suffer from anchoring bias, that is why it is one of the oldest sales techniques. Everyone has seen an ad that states a before price and a discount price. If the difference between the before price and the after price are significant, then we will consider that it is a bargain. Or a salesperson first shows us an expensive product, and then shows us a similar but lower priced product, we tend to believe the second product is cheap.

When most of us look for a job, of course we focus on the salary, since we want to work to earn money. But only focusing on the salary is seeing only half the picture, although the most important half. Other associated benefits or costs are usually not considered, e.g. a high paying job might also require dressing formally or spending a lot of time travelling.

3 0
2 years ago
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