onsider the market for purple potatoes below and assume that a price ceiling of $30 is imposed by the government. Calculate the deadweight loss:

Answers

Answer 1

Answer:

Deadweight loss is $5000

Explanation:

Calculation to determine what deadweight loss is

First step is to calculate the Change in quantity

Change in quantity =2500-2000

Change in quantity=500 unit

Now let determine the Deadweight loss

Using this formula

Deadweight loss =0.5* Change in quantity *(Willingness to pay at the price ceiling -Price ceiling)

Let plug in the formula

Deadweight loss =0.5*500*(50-30)

Deadweight loss=250*20

Deadweight loss =5000

Therefore the deadweight loss is $5000


Related Questions

bài tập thực hành kế toán tài chính 1

Answers

Answer:

wut is this

Explanation:

financial acc practice ex 1

Measuring and reporting quality costs does not solve quality problems. Decreases in quality costs generally occur as soon as improvement programs are implemented. Quality cost information helps managers identify the relative importance of quality problems. The impact of customer ill will is generally not found on quality control reports.

a. True
b. False

Answers

Answer:

True statements:

Measuring and reporting quality costs does not solve quality problems.

Quality cost information helps managers identify the relative importance of quality problems.

The impact of customer ill will is generally not found on quality control reports.

Explanation:

When the quality cost is determined and reported so the same should not solve the problem of the quality also the information related to the quality cost helps the managers to identify the significance of the quality issue

The effect of the customer could not found on the reports made for quality control

But if there is a decrease in the quality cost so the improvement programs could not be implemented soon

A loan officer states, "Thousands of dollars can be saved by switching to a 15-year mortgage from a 30-year mortgage." Calculate the difference in payments on a 30-year mortgage at an interest rate of .75% a month versus a 15-year mortgage with an interest rate of .7% a month. Both mortgages are for $100,000 and have monthly payments. What is the difference in total dollars that will be paid to the lender under each loan?

Answers

Answer:

$113,465

Explanation:

Calculation to determine difference in total dollars that will be paid to the lender under each loan

First step is to Calculate the difference in payments on a 30-year mortgage at an interest rate of .75% a month

$100,000 = PMT([1 / (0.0075)] − 1 / {(0.0075)[(1.0075)]^30 × 12})

PMT = $804.62

Second step is to Calculate the difference in payments on a 15-year mortgage at an interest rate of .7% a month

$100,000 = PMT([1 / (0.007)] − 1 / {(0.007 )[ 1.007)]^15 × 12})

PMT = $ 978.87

Now let determine the Total difference

Total difference = ($804.62 × 12 × 30) − ($978.87 × 12 × 15)

Total difference= $113,465

Therefore difference in total dollars that will be paid to the lender under each loan is $113,465

Malouka participates in a research project for a large consumer behavior research firm. Each time she purchases items in a grocery store, she scans the barcodes of her products into an app, which sends her purchase data to the firm for analysis. Malouka is working with an example of automation known as __________.

Answers

Malouka is working with an automation example that we called the importing/exporting data.

The following information should be considered for the given situation:

Since she scans the barcodes of that product she purchased even all products are associated with the barcodes via using the mobile app.Also, she offered the research firm having more information like time, location, quantity, gender,etc.

Therefore we can conclude that Malouka is working with an automation example that we called the importing/exporting data.

Learn more about the automation here: brainly.com/question/3147939

Higher customer satisfaction and more efficient use of resources are impacts of businesses that operate with a _______
a: cost saving motive
b: customer service motive
c: efficiency motive
d: profit motive

Answers

Answer:

customer service motive

Answer:

I believe it's C: efficiency motive.

Explanation:

I did inspect element on course hero for the same question, and the answer was highlighted. Additionally, the question seems to highlight efficient uses of resources purposefully in businesses, so it seems that efficiency motive also goes hand in hand with that.

The Public Company Accounting Oversight Board (PCAOB) has authority to establish which of the following relating to public companies?

Attestation Standards Independence Standards
A. Yes Yes
B. Yes No
C. No Yes
D. No No

a. Option A
b. Option B
c. Option C
d. Option D

Answers

Answer: a. Option A

Explanation:

The Public Company Accounting Oversight Board (PCAOB) was formed by the Sarbanes-Oxley Act in the aftermath of the disastrous accounting policies of companies like WorldCom and Enron in the early 2000s to protect investors from such happening again.

The PCAOB monitors companies to ensure that they are complying by the provisions of the Sarbanes-Oxley Act and do so by coming up with both attestation and independence standards that these companies are to adhere to.

Machinery was purchased for $340,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundation and installing the machinery. It is estimated that the machinery will have a $60,000 salvage value at the end of its 5-year useful life. Annual depreciation expense using the straight-line method will be a. $78,800. b. $57,200. c. $66,800. d. $56,000.

Answers

Answer:

$66,800

Explanation:

Depreciation is used in expensing the cost of an asset

Depreciation reduces the value of an asset

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Cost = $340,000. + $14,000 + $40,000 = $394,000

($394,000 - $60,000) / 5 = $66,800

In 2019, pastured eggs sold for more than twice the price of cage-free eggs and almost 5 times the price of conventional eggs, making pastured eggs more profitable than the other eggs. Over time, this high price for pastured eggs will likely __________ as more farmers decide to _____________- the perfectly competitive pastured egg market.

a. rise; enter
b. fall; enter
c. rise; exit
d. fall; exit

Answers

Answer answer 62837 blah blah

Over time the price for the pastured egg is likely to fall as more farmers decide to enter.

What do you mean by perfectly competitive market?

The perfect competitive market is a type of market structure which allows multiple companies to sell the same product or service. Example: agricultural product.
As more farmers decide to enter the market, there will be more products sold in the market, so the supply of pastured eggs will become higher, and thus, the prices will fall.

Thus, Option B is the right answer.

To learn more, perfectly competitive market refer: https://brainly.com/question/1748396

#SPJ2

International Data Systems' information on revenue and costs is relevant only up to a sales volume of 121,000 units. After 121,000 units, the market becomes saturated and the price per unit falls from $10.00 to $6.80. Also, there are cost overruns at a production volume of over 121,000 units, and variable cost per unit goes up from $5.00 to $5.25. Fixed costs remain the same at $71,000.

Required:
a. Compute operating income at 121,000 units.
b. Compute operating income at 221,000 units.

Answers

Answer:

a. $534,000

b. $271,550

Explanation:

a. Compute operating income at 121,000 units

Using this formula

Operating Income = (Price per unit - Variable cost per unit)*Units - Fixed costs

Let plug in the formula

Operating Income = ($10.00 - $5.00)*121,000 - $71,000

Operating Income = ($5.00)*121,000 - $71,000

Operating Income =$605,000-$71,000

Operating Income = $534,000

Therefore operating income at 121,000 units is $534,000

b. Compute operating income at 221,000 units

Using this formula

Operating Income = (Price per unit - Variable cost per unit)*Units - Fixed costs

Let plug in the formula

Operating Income = ($6.80 - $5.25)*221,000 - $71,000

Operating Income = $1.55*221,000-$71,000

Operating Income = $342,550-$71,000

Operating Income = $271,550

Therefore operating income at 121,000 units at 221,000 units is $271,550

Entries for Notes Payable A business issued a 60-day, 10% note for $96,000 to a creditor on account. Journalize the entries to record (a) the issuance of the note and (b) the payment of the note at maturity, including interest. Assume a 360-day year. If an amount box does not require an entry, leave it blank. If required, round yours answers to whole dollar.

Answers

Answer:

Business A

Journal Entries:

Debit Accounts Payable $96,000

Credit 10% Notes Payable $96,000

To record the issuance of a 60-day, 10% note to a creditor on account.

Debit 10% Notes Payable $96,000

Debit Interest Expense $1,600

Credit Cash $97,600

To record the payment of the note at maturing, including interest.

Explanation:

a) Data and Analysis:

Accounts Payable $96,000

10% Notes Payable $96,000

10% Notes Payable $96,000

Interest Expense $1,600

Cash $97,600

advantages of profit maximization​

Answers

Profit can be used to pay higher wages to owners and workers. ...
Profit can be used to invest in research & development. ...
Profit enables the firm to build up savings, which could help the firm survive an economic downturn.

Answer:

Improved ratios will enhance investor's confidence and therefore share price.

Access to a wider range of finance because of a better image to creditors.

Long-term profits will improve liquidity and cash flows, which can be used for future investments, dividends, loan payments or retained.

Question 8
Critics of advertising argue that in some markets advertising may
A attract products of lower quality into the market.
B attract less informed buyers into the market.
C decrease elasticity of demand allowing firms to charge a larger markup over marginal cost.
D enhance competition in markets to an unnecessary degree.
Question 9

Answers

Answer:

C decrease elasticity of demand allowing firms to charge a larger markup over marginal cost.

Explanation:

A manager spent 5 hours of his day in meetings. If he said that he spent 70% of his day, how many total hours did he work?

Answers

Answer:

The total hours the manager worked

= 7.14 hours

Explanation:

a) Data and Calculations:

Time spent by a manager in meetings per day = 5 hours

Percentage of time spent in meetings = 70%

Total hours the manager worked per day = 5/70% = 7.14 hours

b) The total hours that the manager worked per day = 7.14 hours or 7 hours 9 minutes (approximately).  This is obtained by dividing the hours spent in meetings by the equivalent proportion that meetings consumed per day.

McGill and Smyth have capital balances on January 1 of $42,000 and $38,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of $16,000 for McGill and $10,000 for Smyth, (2) interest at 11% on beginning capital balances, and (3) remaining income or loss to be shared 70% by McGill and 30% by Smyth.
(a) Prepare a schedule showing the distribution of net income assuming net income is (1)$50,000 and (2) $ 36,000.
(b) Journalize the allocation of net income in each of the situation above .

Answers

Answer:

McGill and Smyth Partnership

a - 1) Allocation of Net Income of $50,000

                                               McGill       Smyth      Total

Capital balances, Jan. 1      $42,000    $38,000  $80,000

Income-sharing:                                                   $50,000

Annual salaries                   $18,000     $10,000 ($28,000)

Interest on capital balances  4,620          4,180      (8,800)

Remaining income/loss         9,240         3,960    (13,200)

Total appropriations          $31,860       $18,140  $50,000

Capital balances, Dec. 31 $73,860      $56,140 $130,000

a -2) Allocation of net income of $36,000:

                                               McGill       Smyth      Total

Capital balances, Jan. 1      $42,000    $38,000  $80,000

Income-sharing:                                                     $36,000

Annual salaries                   $18,000     $10,000 ($28,000)

Interest on capital balances  4,620          4,180      (8,800)

Remaining income/loss           (560)          (240)         800

Total appropriations         $22,060      $13,940  $36,000

Capital balances, Dec. 31 $64,060      $51,940 $116,000

b -1) Allocation of net income  of $50,000:

Debit Annual salaries $28,000

Credit Capital, McGill $18,000

Credit Capital, Smyth $10,000

To record the allocation of annual salaries to the partners.

Debit Interest on Capital $8,800

Credit Capital, McGill $4,620

Credit Capital, Smyth $4,180

To record the allocation of interest on capital.

Debit Income and Loss $13,200

Credit Capital, McGill $9,240

Credit Capital, Smyth $3,960

To record the allocation of remaining income.

b - 2) Allocation of net income  of $36,000:

Debit Annual salaries $28,000

Credit Capital, McGill $18,000

Credit Capital, Smyth $10,000

To record the allocation of annual salaries to the partners.

Debit Interest on Capital $8,800

Credit Capital, McGill $4,620

Credit Capital, Smyth $4,180

To record the allocation of interest on capital.

Debit Capital, McGill $560

Debit Capital, Smyth $240

Credit Income and Loss $800

To record the allocation of remaining income.

Explanation:

a) Data and Calculations:

                                               McGill       Smyth      Total

Capital balances, Jan. 1      $42,000    $38,000  $80,000

Income-sharing:                                                     $50,000

Annual salaries                   $18,000     $10,000 ($28,000)

Interest on capital balances  4,620          4,180      (8,800)

Remaining income/loss sharing 70%          30%

An important assumption that is made when constructing a supply schedule is only price and quantity matter in determining supply. supply is too important to be left to the marketplace. demand has a positive slope. firms always want to sell a certain amount of a product. all other determinants of supply are held constant.

Answers

Answer:

only price and quantity matter in determining supply

all other determinants of supply are held constant

Explanation:

At the time of constructing the supply schedule, only price and quantity should be considered and other factors should remain the same because the factors that impacts the supply other than the price so it shifted the supply curve but when only the price changed so there should be the movement also law of supply represent the direct relationship between tfhe price and the supply


How does the price range affect the elasticity of demand for a product?
Demand for all goods is elastic if the price is low enough.
Price range has little or no effect on elasticity of demand for a good.
Demand for a good can be inelastic at a low price, but elastic at a high price.
Demand for a good can be elastic at a low price but inelastic at a high price.

Answers

Answer:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

Explanation:

How does the price range affect the elasticity of demand for a product?

Demand for all goods is elastic if the price is low enough.

Price range has little or no effect on elasticity of demand for a good.

Demand for a good can be inelastic at a low price, but elastic at a high price.

Demand for a good can be elastic at a low price but inelastic at a high price.

Answer:

the answer is demand for a good can be inelastic at a low price, but elastic at a high price.

Explanation:

Which of the following statements accurately describe the effect of the increase in government borrowing?

a. National saving decreases by less than $20 billion.
b. Investment increases by less than $20 billion.
c. Public saving decreases by exactly $20 billion.
d. Private saving increases by less than $20 billion.

Answers

Answer:

d. Private saving increases by less than $20 billion.

Explanation:

Because the interest rate has increased, investment and national saving decline and private saving increases. The increase in government borrowing reduces public saving. From the figure you can see that total loanable funds (and thus both investment and national saving) decline by less than $20 billion, while public saving declines by $20 billion and private saving rises by less than $20 billion.

quizlet

When preparing a production budget, the required production equals:________
a. budgeted sales beginning inventory desired ending inventory.
b. budgeted sales - beginning inventory desired ending inventory.
c. budgeted sales - beginning inventory - desired ending inventory.
d. budgeted sales beginning inventory - desired ending inventory.

Answers

Answer: B. budgeted sales - beginning inventory + desired ending inventory.

Explanation:

The production budget is also referred to as the manufacturing budget and it is the budget that is used in determining the quantity of the product of the firm which needs to be produced during a particular budgetary period.

The production budget lists the number of units that a firm will manufacture during a period. When preparing a production budget, the required production will be gotten as the budgeted sales - beginning inventory + desired ending inventory.

Therefore, the correct option is B.

Heath loves candy bars and gummy bears. After using his entire $30 budget at the local supermarket he finds that the marginal utility from the last candy bar he consumed was 30 and the last bag of gummy bears was 60. Assuming he has maximized his utility, what could be true about the prices of gummy bears and candy bars?

Answers

Answer:

Bag of gummy bears must cost twice as that of candy bar.

Explanation:

The cost of candy bar should be less than gummy bear because marginal utility of candy bar is lower than gummy bear. The candy bar will be consumed more therefore its price should be lower. When the price of good will be lower, it will be consumed more.

The short-run average total cost (ATC) curve of a firm will tend to be U-shaped because Group of answer choices larger firms always have lower per-unit costs than smaller firms. at low levels of output, AFC will be high, while at high levels of output, MC will be high as the result of diminishing returns. diminishing returns will be present when output is small, and high AFC will push per-unit cost to high levels when output is large. diseconomies of scale will be present at both small and large output rates.

Answers

Answer:

at low levels of output, AFC will be high, while at high levels of output, MC will be high as the result of diminishing returns.

Explanation:

In Economics, the law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

The short-run average total cost (ATC) curve of a firm will tend to be U-shaped because at low levels of output, average fixed cost (AFC) will be high, while at high levels of output, marginal cost (MC) will be high as the result of diminishing returns.

This ultimately implies that, the average fixed cost (AFC) will be high at small (low-level) output rates while marginal cost (MC) will be high at large (high-level) output rates due to diminishing marginal returns.

As a result of the law of diminishing marginal returns, a business firm would experience some rising per unit costs in the short-run.

In conclusion, an increase in the level of output for a business firm will eventually lead to an increase in average total cost (ATC) and marginal cost (MC) due to the law of diminishing marginal returns.

Cost-volume-profit analysis includes all of the following assumptions except:_________.
a. all units produced are sold.
b. changes in activity are the only factors that affect costs.
c. the behavior of costs is curvilinear throughout the relevant range.
d. costs can be classified accurately as either variable or fixed.

Answers

Answer:

a. all units produced are sold.

Explanation:

Cost-volume-profit analysis  is also known as breakeven analysis. It is an analysis that review the point or number of units a company must sell for the revenue or sales to equate the total cost. In other words, the point the company neither makes a profit nor a loss.. The assumptions of this analysis are;

(i) The total costs are recognized as fixed and variable. Where as in reality, some costs may be semi-variable cost.

(ii) It assumes a linear relationship between costs and sales.  

(iii) The selling price per unit of the product is constant.

Jefferson uses the percent of sales method of estimating uncollectible receivables. Based on past history, 2% of credit sales are expected to be uncollectible. Sales for the current year are $5,550,000. Which of the following is correct?

a. Allowance for Doubtful Accounts will be credited.
b. Cash will be debited.
c. Accounts Receivable will be debited.
d. Bad Debt Expense will be credited.

Answers

Answer:

a. Allowance for Doubtful Accounts will be credited.

Explanation:

Since 2% of credit sales are expected to be UNCOLLECTIBLE in which the Sales amount for the current year are $5,550,000 which therefore means that $111,000 calculated as (.02 x $5,550,000) will be Allowance for Doubtful Accounts amount that will be credited.

Therefore ALLOWANCE FOR DOUBTFUL ACCOUNTS can be defined as the amount that tend to reduce Accout Receivable amount shown on a company or organization balance sheet.

If there are 360 million people living in the U.S, but 1 million died of health issues leaving 289 million eligible workers, what is the unemployment rate if 170 million are in the labor force and 7 million are actively seeking work?

Answers

Answer: 4.12%

Explanation:

Unemployment rate only includes people who are actively looking for work and no discouraged workers or those who have retired:

Unemployment rate = Number of unemployed looking for work / Labor force

= 7,000,000 / 170,000,000

= 4.12%

khái niệm giao tiếp trong tổ chức

Answers

Answer:

bu kin jhu

Explanation:

John jvghh bugs HHH jhu UV juggle

Omega Enterprises budgeted the following sales in units: January 40,000 February 30,000 March 50,000 Omega's policy is to have 30% of the following month's sales in inventory. On January 1, inventory equaled 8,000 units. February production in units is: a.36,000. b.40,000. c.20,000. d.28,000. e.26,500.

Answers

Answer:

a. 36,000

Explanation:

Calculation to determine what February production in units is:

Sales for the month 30,000

Add Ending inventory 15,000

(50,000*0.3)

Less Beginning inventory (9,000)

(30,000*0.3)

February production in units 36,000 units

Therefore February production in units is: 36,000 units

A TV manufacturer offers warranties on its new TV sales. During December 2004, TV sales totaled $205,000. Past experience shows that warranty expense averages about 3% of the annual sales. What adjusting journal entry should be recorded on December 31, 2004 to account for the warranty expense

Answers

Answer:

Date                    Account Title                                        Debit              Credit

Dec 31, 2004     Warranty expense                             $6,150

                           Warranty Liability                                                    $6,150

Explanation:

First calculate the warranty expense:

= TV sales total * Warranty expense averages

= 205,000 * 3%

= $6,150

This will be credited to the Warranty liability account to reflect that the company potentially owes $6,150 in warranty expenses to people who purchased TVs.

Precision Construction entered into the following transactions during a recent year.

January 2 Purchased a bulldozer for $250,000 by paying $20,000 cash and signing a $230,000 note due in five years.
January 3 Replaced the steel tracks on the bulldozer at a cost of $20,000, purchased on account. The new steel tracks increase the bulldozer's operating efficiency.
January 30 Wrote a check for the amount owed on account for the work completed on
February 1 Replaced the seat on the bulldozer and wrote a check for the full $800 cost.
March 1 Paid $3,600 cash for the licensing rights to use computer software for a two-year period.

Required:
Prepare the journal entries for each of the above transactions.

Answers

Answer:

Jan-02

Dr Bulldozer $ 250,000

Cr Cash $ 20,000

Cr Note Payable $ 230,000

Jan-03

Dr Bulldozer $ 20,000

Cr Accounts Payable $ 20,000

Jan-30

Dr Accounts Payable $ 20,000

Cr Cash $ 20,000

Feb-01

Dr Repair and Maintenance Expense $ 800

Cr Cash $ 800

Mar-01

Dr Computer Software $ 3,600

Cr Cash $ 3,600

Explanation:

Preparation of the journal entries for each of the above transactions.

Jan-02

Dr Bulldozer $ 250,000

Cr Cash $ 20,000

Cr Note Payable $ 230,000

(Purchased bulldozer)

Jan-03

Dr Bulldozer $ 20,000

Cr Accounts Payable $ 20,000

(Replaced tracks on bulldozer)

Jan-30

Dr Accounts Payable $ 20,000

Cr Cash $ 20,000

(Paid cash)

Feb-01

Dr Repair and Maintenance Expense $ 800

Cr Cash $ 800

(Repaired seat of bulldozer)

Mar-01

Dr Computer Software $ 3,600

Cr Cash $ 3,600

(Purchase computer software)

Planet Company purchased goods worth $50,000 in July and expects to purchase goods worth $70,000 in August. Planet typically pays for 35% of purchases in the month of purchase and 65% in the following month. What are Planet Company's total expected cash disbursements for purchases in the month of August?
a. $40,000.
b. $57,000.
c. $65,000.
d. $60,000.
e. $100,000.

Answers

Answer:

57,000

Explanation:

Planet company purchases goods worth $50,000July and also expect to purchase goods worth $70,000 in August

They pay 35% of tbs purchase in the month and 75% in the following month

Therefore the total expected cash disbursement can be calculated as follows

= (70,000×35/100)+(50,000+65/100)

= {70,000×0.35) + (50,000+0.65)

= 24,500+32,500

= 57,000

Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Multiple Choice the same as absorption costing.

Answers

Complete Question:

The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 14 Fixed costs per year: Production $ 175,560 Selling and administrative $ 140,450 Last year, 7,980 units were produced and 7,680 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

Multiple Choice

$6,600 less than under absorption costing.

$7,680 less than under absorption costing.

the same as absorption costing.

$7,680 greater than under absorption costing.

Answer:

The Southern Corporation

The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

$6,600 less than under absorption costing.

Explanation:

a) Data and Calculations:

Variable costs per unit:

Production $ 35

Selling and administrative $ 14

Fixed costs per year:

Production $ 175,560

Selling and administrative $ 140,450

Production units last year = 7,980 units

Sales units last year = 7,680 units

Ending inventory = 300 (7,980 - 7,680) units

Value of Ending inventory:

1. Variable Costing:

Production $ 35 * 300 = $10,500

2. Absorption Costing:

Variable Production $ 35 * 7,980 = $279,300

Fixed Production overhead             $ 175,560

Total production costs =                  $454,860

Units produced = 7,980

Unit cost = $57

Ending inventory = $17,100 ($57 * 300)

Difference = $6,600 ($17,100 - $10,500)

Flapjack Corporation had 7,736 actual direct labor hours at an actual rate of $12.10 per hour. Original production had been budgeted for 1,100 units, but only 961 units were actually produced. Labor standards were 7.8 hours per completed unit at a standard rate of $13.21 per hour. The direct labor rate variance is:______.

Answers

Answer: $8,586.96 Favorable

Explanation:

Direct Labor Rate Variance = Actual Cost - Standard Cost of Actual Hours

Actual cost = Actual direct labor hours * Actual rate

= 7,736 * 12.10

= $93,605.60

Standard cost of actual hours = Actual hours * Standard cost

= 7,736 * 13.21

= $102,192.56

Direct labor rate variance:

= 93,605.60 - 102,192.56

= $8,586.96 Favorable

Favorable because actual cost was less than the budgeted standard cost.

Other Questions
Please can someone please help me !! I need help with my math work!!!!!! How would the fraction [tex]\frac{7}{1-\sqrt{5} }[/tex] be rewritten if its denominator is rationalized using difference of squares? Find a linear function that models the cost, C, to produce x toys given the rate of change and initial output value. The cost to produce plastic toys increases by 90 cents per toy produced. The fixed cost is 40 dollars. C(x) = dollars Write a linear model for the amount of usable fabric sheeting, F, manufactured in t minutes given the rate of change and initial output value. Fabric sheeting is manufactured on a loom at 7.25 square feet per minute. The first five square feet of the fabric is unusable. F(t) = ft^2 is the amount of usable fabric sheeting manufactured in t minutes. You are driving in such a way that the car is accelerating at a constant rate in the positive direction. When you pass the first sign, you are traveling at 4 m/s. When you pass the second sign 50 m down the road, you note that the seconds indicator of your clock reads 45 seconds. You also note that your velocity is now 9 m/s.Required:a. What is your acceleration?b. What was the clocks seconds indicator reading when you passed the first sign? As a pure element the oxidation number of zinc is ________, but in compounds such as ZnCO3 its oxidation number is ________. Group of answer choices A hatbox in the shape of a cylinder is modeled below the diameter of the cylinder is 24 inches the height of the cylinder is 8 inches what is the volume of the cylinder? Can someone please answer this I Am offline or Raindowsalt please answer this ! How did the Haitian Revolution draw directly from the AmericanRevolution? Which represents an exterior angle of triangle ABF?BADAFECADCAB Give answer from following bracket . Who knows Cameron Herrin? prove this qns plzz what is the sum of all the exterior angle of a polygon Find the standard deviation of the following data. Round your answer to one decimal place. x 0 1 2 3 4 5 P(X Which of the following did you include in your answer?Check all that apply.The Sun produces energy by the process ofnuclear fusion.Nuclear fusion occurs when lighter nuclei combineto produce a larger, heavier nucleus.Energy is released during nuclear fusion.Nuclear fusion requires very high temperatures andpressures.Nuclear fusion occurs in the core of the Sun whenhydrogen atoms combine to form helium atoms. 1. Read the passage and then answer the next question.Louisiana's first French settlers eagerly traded with nearby groups of Indians for food and otheritems of value. In exchange for corn - and, later deerskins - the first colonists offered the IndiansFrench-made goods including axes, knives, blankets, shirts, mirrors, and needles.What type of economic system is described in the passage?mixed economytraditional economymarket economyINcommand economy A cubic polynomial with zeros at -2, 1, and 4 passes through (2, -56). What is theleading coefficient of the polynomial? A couple plans to have 3 children, what is the probability that atleast two will be boys?