The free-rider problem is most likely to exist in a market in which goods are:
non-excludable and non-rivalrous (option D) Free RiderThey are called parasitic consumers, is an individual who receives a benefit for using a good or service but avoids paying for it. That is, It is the person who creates the problem of the stowaway. They characterized because they do not reveal their preferences or how much they are willing to pay for a good or service, since they expect others to pay for them, this is also used in the stock market on the purchase of shares.
For more about free rider here https://brainly.com/question/8831819
#SPJ4
Broadly defined, quality refers to the ability of a product or service to occasionally meet or exceed customer expectations FalseQuality refers to consistently meeting or exceeding customer expectations
It is false that quality refers to the ability of a product or service to occasionally meet or exceed customer expectations.
Why is customer expectations important?Customer expectations are any set of behaviors or actions that individuals anticipate when interacting with a company. Customer expectations are important because when a business fulfills them, it would boost sales, higher customer retention, brand loyalty, and repeated purchases.
What are the types of customer expectations?Types of Customer Expectations include: Implicit expectations. Interpersonal expectations. Static performance expectations. Expectations for dynamic performance. Expectations for digital. Technical expectations. Situational expectations.
What is customer satisfaction?Customer satisfaction is defined as performance of product according to the buyer's expectations.
To learn more about customer expectations visit:
https://brainly.com/question/28902478
#SPJ4
on december 31, a company determines that accrued employer payroll taxes include $100 of social security tax and $20 of medicare tax . the entry to record this adjustment will include a debit to the account.
Answer: payroll taxes expense
A crisis in which there is a shortage of cash for expanding a business after an exponential increase in sales is termed _____.A. nonsufficient fundsB. reconcilingC. charge backD. growth trap
A crisis in which there is a shortage of cash for expanding a business after an exponential increase in sales is termed as Growth trap.
Explain in detail.
A growth trap is simply a growth stock that fails projections in the same manner as one that looks costly but actually appears to be growing quickly. According to Inker, these are even more prevalent and harmful than value traps.A value trap is when an investor believes a stock is undervalued (cheap to purchase) based on its fundamentals and market price, but this turns out not to be the case.Therefore, the correct option is option D.
To know more about Growth here
https://brainly.com/question/25849702
#SPJ1
When nations ____ production in their area of comparative advantage and trade with each other, both countries can benefit.
When nations increase production in their area of comparative advantage and trade with each other, both countries can benefit.
The trade refers the voluntary exchange of goods or services between economic actors. Since transaction are consensual, trade is generally considered to benefit both parties.
The production possibility frontier is a useful tool to visualize this benefit.. When the country's opportunity cost of producing the good is lower than the opportunity cost of producing the good in another country.
To know more about trade here,
https://brainly.com/question/27622280
#SPJ4
oriole company gathered the following recociling information in preparing its april bank reconciliation
Option (D) is accurate; the adjusted amount or cash balance as of April 30 is $24260.
Why do you call reconciliation anything else?
Conciliate and terms like accommodate, adapt, adjust, and conform are commonly used interchangeably. Even while all these terms pertain to "putting one item into correspondence with another," reconcile means to reveal the underlying compatibility of things that at first seem to be incompatible. I attempted to make sense of what he said in light of my understanding.
What is reconciliation's primary goal?
Purpose: The process of reconciliation guarantees the reliability and correctness of financial data. A thorough reconciliation procedure also makes sure that no illegal changes were made to transactions while they were being processed.
Briefing:
The adjusted coins stability in keeping with books on April 30
= (Cash stability + Notes receivable and hobby gathered via way of means of financial institution Printing 1 Charge NSF check) 1
=( $ 19,700 + $6,630 - $220 - $1,250) = $ 24,260
To know more about reconciliation visit:
https://brainly.com/question/29097188
#SPJ4
Suppose that all the necessary conditions exist for the realization of equal wage rates in every labor market, but that currently the wage rate in market X is higher than the wage rate in market Y We expect that eventually the wage rate O in market X will increase more. O in market Y will decrease. O in market X will decrease and the wage rate in market Y will increase. O will not chan ge in either market, because something out of the ordinary must have caused the wage rates in the two markets not to be equalQuestion 21 2.5 pts Two possible ways to increase union wages indirectly are to increase of union labor the demand for union labor or increase the supply ○ True False
If all the necessary conditions exist for the realization of equal wage rates in every labor market, in market X will decrease and the wage rate in market Y will increase.
What do you mean by a wage per hour?Hourly pay is the amount that an employee receives for each hour that they work. There is no specified or targeted annual compensation for an hourly employee. Instead, the number of hours worked by an employee during each pay period—which could be a week, two weeks, half a month, or an entire month—determines how much they are paid.
The method of paymentCosts that must be covered in cash or currency notes:
With the exception of the employer, who may do so with the employee's written consent, pay the employee by check or by crediting his bank account, all wages must be paid in current coin, currency notes, or both.
To know more about Wage visit:
https://brainly.com/question/13847060
#SPJ4
NewTech Media Manufacturing company is looking into investing in a new headset customized for video game consoles. The company anticipates the selling price of the new headset will be$4.89. The fixed cost for the new headset is$30,000, the labor cost per unit is$2.09and the material cost per unit is$1.74. Use MS Excel to build a model to calculate the profit/loss of NewTech Media. From the results of the developed model, answer the following questions. To earn$10,000in profit, the company is expected to sell how many units? (answer in 4 decimal points)
To earn $10,000 in profit, the company is expected to sell 2034.8189 units
The Excel model will need to include the following variables:
• Selling Price: $4.89
• Fixed Cost: $30,000
• Labor Cost per Unit: $2.09
• Material Cost per Unit: $1.74
The model will then calculate the total cost of the product (fixed cost + labor cost per unit + material cost per unit) and subtract that from the selling price. The result will be the profit/loss.
To earn $10,000 in profit, the company is expected to sell 2034.8189 units. This can be calculated by setting the profit to $10,000 and solving for the number of units. In this case, if the company sells 2034.8189 units, it will earn $10,000 in profit.
To know more about profits here
https://brainly.com/question/7440650
#SPJ4
Electronic commerce initiatives are, in general, more successful than other types of information systems implementations. T or F
Initiatives in electronic commerce are typically more effective than other forms of information technology implementations. It is true.
Companies and individuals who buy and sell goods and services online are said to engage in electronic commerce, or ecommerce. E-commerce is a multifaceted industry that may be carried out on computers, tablets, smartphones, and other smart devices. Ecommerce transactions allow for the purchase of almost any good or service imaginable, including publications, music, airline tickets, and financial products like stock trading and online banking. It is therefore seen as a particularly disruptive technology.
Online purchasing and selling of physical goods and services is known as e-commerce, as was previously mentioned. To conduct a transaction, more than one person is involved, and money or data must be exchanged. It is a component of the larger sector known as "electronic business" (ebusiness).
Learn more about electronic commerce here
https://brainly.com/question/5123792
#SPJ4
suppose the governments of two very similar economies, economy n and economy m, implement a tax cut of equal size. the tax cut in economy n is permanent, while the tax cut in economy m is temporary. the economies are otherwise completely identical. the tax cut will have a larger impact on aggregate demand in the economy with the . continue without saving
Tax cuts decrease governmental income, resulting in a budget deficit or an increase in sovereign debt.
Describe a budget.By making a written budget, you may select how much money you will spend each month. You can make sure you have enough money each month by creating a budget. You run the risk of running out of money before your next pay period if you don't create a budget. Your spending plan displays your income.
Why is budgeting crucial?Making a budget promotes financial security. Because it helps you keep track of your spending and stick to a plan, a Tax cuts decrease governmental income, resulting in a budget deficit or an increase in sovereign debt.
To know more about budget visit:
https://brainly.com/question/15683430
#SPJ4
exists when a supplier agreed to provide a product to a supply chain member only if that member will buy addidtional product from the supplier
Tying agreements exist when a supplier agrees to provide a product to a supply chain member only if that member will buy additional products from the supplier.
What is Tying agreements ?Tying agreements are a type of exclusive dealing arrangement in which a supplier requires a customer to purchase a product or service as a condition of purchasing another product or service. Tying agreements can be used to sell a variety of products, including software, hardware, and other goods and services.Tying agreements can be beneficial to suppliers because they allow the supplier to increase sales of the tying product and to increase its market power. However, they can also be harmful to competition and to consumers because they can limit the choice of products available to customers and potentially raise prices. Tying agreements are generally considered to be anticompetitive under competition laws, and they are often subject to legal scrutiny.To learn more about Tying agreements refer :
https://brainly.com/question/9982025
#SPJ4
When working with a family in need, which resources are emphasized whenever possible?
family education services
family food stamp services
family housing services
family preservation services
Mark Washington, CFA, is an analyst with BIC. One year ago, BIC analysts predicted that the U.S. equity market would most likely experience a slight downturn and suggested delta-hedging the BIC portfolio. As predicted, the U.S. equity markets did indeed experience a downturn of approximately 4% over a 12-month period. However, portfolio performance for BIC was disappointing, lagging its peer group by nearly 10%. Washington has been told to review the options strategy to determine why the hedged portfolio did not perform as expected. After discussing the concept of a delta-neutral portfolio, Washington determines that he needs to further explain the concept of delta. Washington draws the value of an option as a function of the underlying stock price. Draw such a diagram, and indicate how delta is interpreted. Delta is the: a. Slope in the option price diagram. b. Curvature of the option price graph. c. Level in the option price diagram.
The total call option contracts required to create a delta neutral hedge are 75,000.
What is a call option contract?
An agreement between a buyer and a seller to buy a specific stock at a specific price up until a specified expiration date is known as a call option. The right to exercise the call and buy the stocks belongs to the call's buyer, not the other way around.
The return on a delta-neutral portfolio is hedged against small price changes in the underlying asset.
Calculation of the number of call options required to create a delta-neutral hedge:
[tex]\begin{aligned}\text { Number of Contracts } & =\frac{\text { Number of Shares }}{\text { Delta }} \\& =\frac{51,750 \text { shares }}{0.69} \\& =75,000\end{aligned}[/tex]
Therefore, the total call option contracts required to create a delta neutral hedge are 75,000.
To lern more about call option contracts visit:https://brainly.com/question/29217531
#SPJ4
The nurses at a hospital get together for lunch three times a week. This contributes a(n) _ group
a) interest
b) informal
c) command
d) task
e) top management
The nurses at a hospital get together for lunch three times a week. This contributes to an informal Group. Hence, option B is appropriate.
What is the meaning of an Informal Group?An informal group has no organizational control over it and is typically created by its members out of a desire for social interaction.
Informal groups are defined by interpersonal connections, affinity groups, and social networks that form as staff members interact with one another at work. These interpersonal connections influence how employees in an informal organization think, act, and communicate with one another.
Formal groups and informal groups are two different forms of groupings. Formal groups are those that are formed in accordance with the official authority to achieve the intended outcome. In contrast, employees create informal groupings based on their preferences, attitudes, and interests.
Hence, option B is correct.
Learn more about the Informal Group here:
https://brainly.com/question/31375837
#SPJ2
1. Equity securities reflect a creditor relationship such as investments in notes, bonds, and
certificates of deposit.
Explanation:
Equity securities are investment shares in a given firm.
some of the most common forms are:
common stock, preferred stock....
based on above graph, the consumer surplus for a profit-maximizing monopoly that can conduct perfect price discrimination would be
Since the monopoly is able to completely capture the consumer surplus through its pricing strategy, CS is equal to zero in the case of perfect price discrimination. PS = (1/2)($1000 per unit - $100 per unit)(450 units) = $202,500, where PS = (1/2)($1000 per unit - $100 per unit)(450 units) = PS.
What is consumer surplus?When customers pay less for a good or service than they are willing to, this is known as a consumer surplus. It measures the extra benefit that consumers get from paying less for something than they would have been prepared to. In economics, the consumer surplus is the difference between the price a consumer pays for a good and the amount he would be prepared to pay rather than go without it. It is also referred to as societal surplus and the consumer's surplus. The following is the simplest formula for figuring out the consumer surplus: Maximum Price - Market Price equals Consumer Surplus. The enlarged version of the formula is as follows from there: Quantity at Equilibrium = (1/2) Consumer Surplus (Maximum Price – Equilibrium Price)
To learn more about consumer surplus click,
https://brainly.com/question/13573671
#SPJ4
a wide bid/ask spread could indicate which of the following? group of answer choices an inefficient market large volume transactions are taking place frequent trading of a currency the presence of arbitrageurs
A wide bid/ask spread could indicate an inefficient market, which occurs when the prices of a security do not accurately reflect all available information about the security.
This often happens in markets with low liquidity, where there are few buyers and sellers and high transaction costs. A wide bid/ask spread can also indicate large volume transactions are taking place, as large orders can cause the spread to widen. Additionally, a wide bid/ask spread could signal that frequent trading of a currency is occurring, as frequent trades can increase the spread as well. Finally, it could also indicate the presence of arbitrageurs, who take advantage of price discrepancies between similar assets by buying low and selling high.
To know more about bid here
https://brainly.com/question/17052200
#SPJ4
Like the partners in a partnership, the shareholders in a corporation cannot change without affecting the continued existence of the firm.a. Trueb. False
A partnership firm's existence is constrained to the lifestyles of the partners. Eventually, when all the partners die, the partnership association comes to an end as there is no one left to look after the business.
Which of the following is a disadvantage of a organisation when compared to a partnership?The agency and its stockholders are problem to double taxation; It is taxed when it is earned and once more when it is distributed to stockholders as dividends.
The partnership is a enterprise that is owned through two or extra humans with the intent to make a profit. The employer is a legal entity that is organized in accordance to the laws of the kingdom in which it is formed. The enterprise employer is separate from its proprietors
Learn more about partnership here:
https://brainly.com/question/14034519#SPJ4Pricing decisions of specialty stores are typically based on low markups on a high volume of products
False or True
Pricing decisions of specialty stores are not typically based on low markups on a high volume of products. Thus, the statement is false.
What are pricing decision?The choices that businesses make when determining the prices for their goods or services are known as pricing decisions. Because pricing affects a company's relationship with customers, it is regarded as a component of its marketing strategy: When pricing are reasonable and competitive, clients return, boosting the company's profitability.
A specialty store is a business that sells a wide variety of brands, designs, or products from a small range of product categories. Specialty stores include furniture shops, flower shops, sporting goods shops, and bookshops.
Therefore, pricing decisions of specialty stores are typically based on high markups on a high volume of products.
To learn more about pricing decision, click here:
https://brainly.com/question/14578384
#SPJ1
according to the footnotes, how much is under amours allowance for doubtful accounts at the end of 2021?
In California, Under Amour pays $19 per hour, which is 13% more than the average wage in the country.
How can I find out what accounts are active in my name?You should pull ones own credit scores to determine if somebody has created an account on your behalf. To check for fraud, you must obtain copies of your credit cards from Experian, Equifax, and TransUnion as each report can contain different data and reporting.
How can I locate previous accounts online?program where you can enter a login and see the accounts it has been used to create. There are further possibilities, like namecheck.com, knowem.com, and checkusernames.com. Additionally, you can look for your username using the methods they
To know more about accounts visit:
https://brainly.com/question/22917325
#SPJ4
All else being equal, an increase in government spending would shift the ______ line to the ______, causing interest rates to _______ and the trade balance to _______.
All else being equal, an increase in government spending would shift the IS line to the right, causing the interest rates to rise and the trade balance to rise.
IS-LM model represents the relationship between the market for economic goods or investment-savings level (IS) and money market or the level of liquidity preference-money supply (LM). The intersection between both curves shows the short-run equilibrium between interest rates and output. The X-axis of IS-LM graph is income or output (GDP / Y), and its Y-axis is interest rates.
IS-LM graph is depended on 3 factors: liquidity, investment, and consumption. LM graph is affected by the amount and velocity of money supply in the market. Meanwhile the marginal decisions of individu affected both investment and consumption.
IS curve reflects the set of all levels of interest rate and output where the level of investment and the level of saving are equal. LM curve reflects the relationship between the levels of income and interest rates where money supply equals money demand. IS curve slopes downward and LM curve slopes upward.
When government increase its spending, the output (GDP) will increase since government spending is one of variables affecting GDP level. Hence, the IS curve will shift to the right. Because LM curve remains the same, the new equilibrium will appear in the higher interest rate and higher output level.
Learn more about IS-LM Curve here: https://brainly.com/question/24039972
#SPJ4
Elegant Carpet Inc. agrees to sell a certain quantity of carpeting to Fabulous Floor stores under a shipment contract. Elegant must
a. place the carpeting into the hands of a carrier.
b. inspect the carpeting before shipping it.
c. deliver the carpeting to a particular destination.
d. allow Fabulous to reject the goods for any reason.
Elegant Carpet Inc. agrees to sell a certain quantity of carpeting to Fabulous Floor stores under a shipment contract. Elegant must place the goods into the hands of a carrier.
The phrase "Type A" refers to a sample of conduct and character related to excessive achievement, competitiveness, and impatience, amongst different characteristics. In particular, the wonderful trends of a Type A character include Self-control. Motivation to obtain results. Competitiveness.
A idea that opposes distinctive emphasis on environmental dedication of responses and asserts that a reciprocal dating exists amongst environment, conduct, and the individual.
Self-actualization wishes are the very best stage in Maslow's hierarchy, and refer to the belief of a person's potential, self-fulfillment, searching for private increase and top experiences. Maslow (1943) describes this stage because the choice to perform the entirety that you can actually, to come to be the maximum that you can actually be.
Learn more about Elegant Carpet Inc here:
https://brainly.com/question/14253476
#SPJ4
For the majority of businesses, newly-proposed financial reforms by the U.S. House of Representatives and the Senate will likely increase the time and cost of obtaining financing.True
True, The U.S. House of Representatives and Senate's recently proposed financial reforms are likely to lengthen the application process and raise the cost of borrowing for the majority of firms.
The correct answer is true
What do u mean by "finance"?Finance is the term used to describe the process of raising capital or money for virtually any type of expenditure. It entails allocating various finance options, including credit, loans, including investment capital, to the organizations that can utilize them most efficiently.
What's the difference between loans and financing?When you finance an automobile, you take out a loan that you return over time. When you get a personal loan, you promise to pay it back within a certain time frame, along with interest and any costs.
To know more about financing visit:
https://brainly.com/question/29493385
#SPJ4
Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs:
Rent on manufacturing facility $ 118,000 Office manager's salary 67,000 Wages of factory machine operators 47,000 Depreciation on manufacturing equipment 17,000 Insurance and taxes on selling and administrative offices 7,000 Direct materials purchased and used 77,000 Based on the above information, the amount of period costs shown on Steuben's income statement is:
I know the answer is $74,000 but can anybody explain why?
The amount of period costs shown on Steuben's income statement is $74,000.
Given that, Rent on the manufacturing facility is $ 118,000; the Office manager's salary is 67,000; the Wages of factory machine operators are 47,000; Depreciation on manufacturing equipment is 17,000; Insurance and taxes on selling and administrative offices is 7,000 and Direct materials purchased and used is 77,000.
Period costs are expenses incurred on non-manufacturing-related activities. The following is a breakdown of the period's costs: Office manager wage + insurance and taxes on selling and administrative offices = 67,000 + 7,000 = $74,000.
Period costs are expenditures that can't be capitalized on a business's balance sheet. They appear on the income statement and are, in other words, expensed in the period in which they are incurred. They are also known as period expenses.
To learn more about Period costs visit: https://brainly.com/question/29590425
#SPJ4
Auditors may review the portion of accounts payable that is ______ at YE and compare it to corresponding data for previous years.a. not yet dueb. past duec. paid
Auditors may review the portion of accounts payable that is completeness at YE and compare it to corresponding data for previous years.
Accounts payableAccounts payable and management is a vital business procedure that allows an institution to properly manage its financial responsibilities. The amount due by a company to its vendors/suppliers for products and services received is referred to as accounts payable. To put it another way, whenever an organization orders items and receives them before paying for them, it should record a liability in its books of accounts based on the invoice amount. Accounts payable refers to the short-term liability owed to suppliers, vendors, and others.
To know more about accounts payable visit the link
https://brainly.com/question/4656883
#SPJ4
Chad is willing to pay $5.00 to get his first cup of morning latte. He buys a cup from a vendor selling latte for $3.75 per cup. Chad's consumer surplus
The amount of money Chad was prepared to spend consumer surplus on his second latte was less than it was on his first.
Consumer surplus is the difference between the asking price for a good and the price the consumer ultimately pays.
In the specific scenario, Chad was prepared to shell out $5 for his initial cappuccino. He paid $3.75 for the initial cup.
His consumption surplus, then, for the first cup he bought was $5 - $3.75 = $1.25.
The consumer surplus for the second latte he bought was similarly $4.5 - $3.90.
= $0.6
Due to his declining consumer surplus in the case of the second cup and the diminishing marginal utility effect, which causes utility obtained from further consumption to decrease, Chad was willing to pay $4.5 rather than $5 for the second latte.
Learn more about marginal utility here
https://brainly.com/question/14149928
#SPJ4
The complete question is
Chad is willing to pay $5.00 to get his first cup of morning latté; he is willing to pay $4.50 for a second cup. He buys his first cup from a vendor selling latté for $3.75 per cup. He returns to that vendor later in the morning to find that the vendor has increased her price to $3.90 per cup. Chad buys a second cup. Which of the following statements is correct?
a. Chad’s consumer surplus on his second cup of latté was larger than his consumer surplus on his first cup of latté.
b. Chad places a higher value on his second cup of latté than on his first cup of latté.
c. Chad’s willingness to pay for his second cup of latté was smaller than his willingness to pay for his first cup of latté.
d. Chad is irrational in that he is willing to pay a different price for his second cup of latté than what he is willing to pay for his first cup of latté.
Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May.
Standard Cost per Unit Actual Cost per Unit
Direct materials:
Standard: 1.80 feet at $3.00 per foot $ 5.40
Actual: 1.80 feet at $3.30 per foot $ 5.94
Direct labor:
Standard: 0.90 hours at $18.00 per hour 16.20
Actual: 0.92 hours at $17.50 per hour 16.10
Variable overhead:
Standard: 0.90 hours at $5.00 per hour 4.50
Actual: 0.92 hours at $4.50 per hour 4.14
Total cost per unit $ 26.10 $ 26.18
Excess of actual cost over standard cost per unit $ 0.08
The production superintendent was pleased when he saw this report and commented: “This $0.08 excess cost is well within the 2 percent limit management has set for acceptable variances. It's obvious that there's not much to worry about with this product."
Actual production for the month was 12,000 units. Variable overhead cost is assigned to products on the basis of direct labor-hours. There were no beginning or ending inventories of materials.
Required:
Compute the following variances for May:
Materials price and quantity variances.
Labor rate and efficiency variances.
Variable overhead rate and efficiency variances.
How much of the $0.08 excess unit cost is traceable to each of the variances computed in requirement 1.
How much of the $0.08 excess unit cost is traceable to apparent inefficient use of labor time?
The actual quantity is 21,600, Direct material price variance is $6,480, Standard quantity is 21,600, Direct material quantity variance is 0, Direct labor rate variance is $5520, Direct labor efficiency variance is $4320.
Give a brief account on Variance analysis.Comparison of budgeted data and actual performance is part of variance analysis. This offers crucial feedback for enhancing business performance in the future. Depending on whether budgeted targets are met, variations are typically categorized as favorable or unfavorable.
To solve the question :
Requirement : 1
a. Actual quantity :
Given:
Number of the units = 12,000
The standard quantity per unit = 1.80
The actual quantity
= (Number of the units × standard quantity)
=12,000 × 1.80
= 21,600
b.Direct material price variance.
Given,
Standard price = $3.00
Actual price = $3.30
Direct material price variance
= (actual - standard price) × actual quantity.
= ($3.30−$3.00) × $21,600
= $6,480 Unfavaourable
c. Standard quantity :
Given,
Number of the units = 12,000
The standard quantity per unit = 1.80
= (Number of the units × standard quantity per unit)
= 12,000 × 1.80
= 21,600
d. Direct material quantity variance :
Given,
Actual quantity = 21,600
Standard quantity = 21,600
Standard price = $3.00
Direct material quantity variance
= (Actual quantity - Standard quantity) × Standard price
= (21,600 − 21,600) × $3.00
= $0.00
e. Direct labor rate variance.
Given,
The actual hours ( 0.92 × 12,000 ) = 11,040
The actual rate per hour = $17.50
The standard rate per hour = $18.00
Direct labor rate variance
= (actual hours × actual rate per hour) - ( actual hours - standard rate per hour)
= (11,040 × $17.50) − (11,040 × $18.00)
= $5,520 Favourable
f. Direct labor efficiency variance.
Given,
The standard rate per hour = $18.00
The actual hours ( 0.92 × 12,000 ) = 11,040
The standard hours ( 0.90 × 12,000) = 10,800
Direct labor efficiency variance
= (standard hours × standard rate per hour) - ( actual hours - standard rate per hour)
= (10,800 × $18.00) − (11,400 × $18)
= $4,320 Unfavourable
g. Variable overhead rate variance.
Given,
The actual labor hours ( 0.92 × 12,000 ) = 11,400
The standard rate per hour = $5.00
The actual rate per hour = $4.50
Variable overhead rate variance :
= ( actual labor hours × standard rate per hour) - ( actual labor hours × actual rate per hour)
= (11,400 × $5.00) − (11,400 × $4.50)
= $5,520 Favourable.
h. Variable overhead efficiency variance.
Given,
The actual hours ( 0.92 × 12,000 ) = 11,040
The standard hours ( 0.90 × 12,000) = 10,800
The standard rate per hour = $5.00
Variable overhead efficiency variance
= (actual hours × standard rate per hour) - ( standard hours × standard rate per hour)
= (11,400 × $5.00) − (10,800 × $5.00)
= $1,500 Unfavourable.
Requirement 2 :
This time, we will determine the indirect effect of the $0.08 extra unit cost over the calculation of spending variances. The unfavourable direct material price variance is $6,480. The variation in the direct material quantity is $0.00. The $6,480 unfavourable differences in direct material spending.
The favourable direct labor rate variance is $5.520. The $4,320 unfavourable direct labor efficiency variance. The variations in direct labor costs are favourable by $1,200. The favourable variable overhead rate variance is $5,520. The $1,500 unfavourable variance in overhead efficiency. The favourable variable overhead variances total $4,020.
The $1,260 in unfavourable spending variances total. The total spending variations are $1,260 unfavourable as a result of the unfavourable material spending variances.
The $0.08 primary effect is therefore on the material spending variances.
Requirement 3 :
Inefficient use of the labor time :
Given,
The actual hour per item = 0.92
The standard hours = 0.90
The number of units = 1,200
Inefficient use of labor time
= (number of units × (actual hour per item - standard hours))
= (1,200 × (0.92 − 0.90)
= 240
Conclusion :
The total variations are negative because of the material spending variances, even if the $0.08 additional unit cost represents only 0.3% of the unit pricing. Although there are positive labor variations, 240 hours of labor time are used inefficiently.
As a result, the indirect harm caused by the $0.08 extra unit cost is as follows:
as a result of the variancesin the ineffective use of labor hours.To know more about, variance analysis, visit :
https://brainly.com/question/22851332
#SPJ1
What happens if the insured tenant and the insurance company fail to agree on the amount of loss?.
Answer: The insurance policy becomes null and void
Explanation:
That's the answer.
(q049) one of the main obstacles for the presidential campaign of john mccain was the financial crisis of 2008.
Al-Qaeda members are a legitimate use of the taxing authority. combating terrorist organizations
What made the 2008 election such a momentous occasion?An African American man and a woman faced off for the nomination in the election. A significant party proposed an African American leader. For the first time, a president who is African American was elected.
What were the top two reasons behind the financial crisis in 2008?Falling US housing values and an increase in the number of borrowers unable to make loan payments were the GFC's main causes. Around the middle of 2006, the number of newly constructed homes for sale in several places in the United States reached its peak.
To know more about presidential visit:-
https://brainly.com/question/20749340
#SPJ4
karyn wants to evaluate some bonds she is contemplating buying. in order to adequately evaluate them, she should check the bond yields, read the bond quotes in a paper, and check the group of answer choices company rating. par values. bond ratings. company's performance.
Karyn wants to evaluate some bonds she is contemplating buying. In order to adequately evaluate them, she should check the bond yields, read the bond quotes in a paper, and check the bond ratings.
What are Bond ratings?
A bond rating is a means to assess a bond's creditworthiness, which relates to how much an issuer will pay to borrow money. In these ratings, bonds are often given a letter grade indicating their credit worthiness.
Bonds classified as investment grade received ratings of "AAA" to "BBB-" from Standard & Poor's and "Aaa" to "Baa3" from Moody's. Lower ratings apply to junk bonds.
All other things being equal, a bond's interest rate will be lower the higher its grade.
Bond ratings play a critical role in influencing investors' perceptions of the value and stability of a given bond. As a result, these ratings have a significant impact on bond pricing, interest rates, and investor interest.
To learn more on Bond ratings from the link:
https://brainly.com/question/14266363
#SPJ4
Piece-rate pay plans, wage incentive plans, profit sharing and lump-sum bonuses are examples of ____ programs.
Select one:
a. open-book management
b. rewards
c. pay-for-performance
d. employee recognition
Piece-rate pay plans, wage incentive plans, profit sharing and lump-sum bonuses are examples of pay-for-performance programs.
What is pay-for-performance programs?Pay for performance, often known as performance-related pay, refers to corporate initiatives that compensate staff members in accordance with how well they carry out their duties. Companies that implement pay-for-performance programmes frequently include guidelines outlining the actions or performance evaluation outcomes that result in higher salaries. Spot bonuses (given "on the spot" to employees for accomplishments deserving of particular recognition), project bonuses (given to staff for the successful completion of a project), and retention bonuses are a few examples (usually awarded to long-tenured employees to encourage retention). The justification advanced more frequently by individuals opposed to pay for performance is that, ironically, incentives reduce performance motivation.
To learn more about pay-for-performance click,
https://brainly.com/question/28113231
#SPJ4