Answer:
Toby Tool & Die Company
A Report on the Direct Labor Cost Variances for March, 2020:
Variances Variance
Job Number Quantity Rate Total
1. A257 $138 F $138 F
2. A258 $368 U $960 U $1,328 U
3. A259 $363 U $363 U
4. A260 $184 U $220 F $36 F
Total $414 U $1,103 U $1,517 U
Explanation:
a) Data and Calculations:
Actual Standard
Job Number Hours Cost Hours Costs Total variance
A257 210 $4,830 216 $4,968 $138 F
A258 480 12,000 464 10,672 1,328 U
A259 330 7,953 330 7,590 363 U
A260 110 2,310 102 2,346 36 F
Total variance $1,517 U
Actual Standard
Job Number Hours Cost Rate Hours Costs Rate Total variance
A257 210 $4,830 $23 216 $4,968 $23 $138 F
A258 480 12,000 25 464 10,672 23 1,328 U
A259 330 7,953 24.1 330 7,590 23 363 U
A260 110 2,310 21 102 2,346 23 36 F
Total variance $1,517 U
1. A257's favorable variance of $138 was quantity variance as less hours were used when compared to the standard hours for the job.
= (Standard hours - Actual hours) * Standard rate = (216 - 210) * $23
= 138 F
2. A258 rush order with overtime at premium rates of pay
Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours
= ($23 - $25) * 480 = $960 U
Direct labor quantity variance = (Standard hours - Actual hours) * Standard Rate
= 464 - 480 * $23 = $368 U
Total variance = 1,328 U ($960 U + $368 U)
3. A259 more experienced replacement worker required on one shift
Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours
= ($23 - $24.1) * 330 = $363 U
4. A260 done by a new trainee
Direct labor rate variance = (Standard Rate - Actual Rate) * Actual hours
= ($23 - $21) * 110 = $220 F
Direct labor quantity variance = (Standard hours - Actual hours) * Standard Rate
= (102 -110) * $23 = $184 U
Total variance = $220 F - $184 U = $36 F
Does the store sell consumer products or industrial products why would you describe the store’s products this way?
Industrial goods are materials used in the production of other goods, while consumer goods are finished products that are sold to and used by consumers. Industrial goods are bought and used for industrial and business use.
What is the difference between selling of consumer and industrial products?One method of categorizing items is by who the target consumer or customer is. There is a significant contrast between goods and services meant for use by individuals and homes (consumer products) and goods and services designed for use by other enterprises ( industrial products). Products are categorized into four groups depending on customer behaviors, pricing, and product characteristics: convenience goods, shopping goods, specialist products, and unsought goods.
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What is the difference between accounts payable and accounts receivable?
Please help me out with this question
Thanks ~
Accounts payable - Accurately tracking what's owed to suppliers, ensuring payments are properly approved and processing payments.
\( \: \: \: \: \: \: \: \: \: \: \: \: \)
Accounts receivable - The balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.
Answer:
Accounts payable represents money that your business owes to suppliers, accounts receivable represents money owed to your business by customers.
Explanation:
employee unions represent workers who serve the government.
Answer: Public employee unions
Explanation:
A public-sector trade union (or public-sector labor union) is a trade union which primarily represents the interests of employees within public sector or governmental organizations.
I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to four separate activity pools. The budgeted activity cost and activity base data by product are provided below. Activity Cost Activity Base Procurement $308,500 Number of purchase orders Scheduling $244,500 Number of production orders Materials handling $419,700 Number of moves Product development $720,200 Number of engineering changes Production $1,538,300 Machine hours Number of Purchase Orders Number of Production Orders Number of Moves Number of Engineering Changes Machine Hours Number of Units Disk drives 4,080 450 1,320 11 2,400 1,600 Tape drives 2,300 155 520 4 8,200 4,400 Wire drives 11,300 740 4,300 23 10,600 2,500 Determine the activity rate per production order for scheduling. a.$72.56 b.$17.45 c.$229.37 d.$181.78
Answer:
d.$181.78
Explanation:
The formula used for activity rate is activity cost divided by the activity base cost.
Panamint Systems Corporation
Activity Cost Activity Base
Procurement $308,500 Number of purchase orders
Scheduling $244,500 Number of production orders
Materials handling $419,700 Number of moves
Product development $720,200 Number of engineering changes
Production $1,538,300 Machine hours
Disk drives Tape drives Wire drives
Number of Purchase Orders 4,080 2,300 11,300
Number of Production Orders 450 155 740
Number of Moves 1,320 520 4300
Number of Engineering Changes 11 4 23
Machine Hours 2,400 8,200 10,600
Number of Units 1600 4,400 2,500
As there are three kinds of drives the total activity base cost is obtained by adding the base cost of each drive.
Scheduling per production= Scheduling Cost/ Number of production orders
=$244,500 / 450+ 155 +740
= $244,500 / 1345= 181.78
Earnings (net income) $ 189,000
Preferred stock (13,100 shares at $30 par, 4%) $ 393,000
Common stock (43,700 shares no par, market value $52) 514,000
Retained earnings 581,500
$ 1,488,500
Less: Treasury stock
Preferred (1,700 shares) $ 55,000
Common (1,700 shares) 30,000 85,000
Total stockholders’ equity $ 1,403,500
Required
a. Calculate the Stuart Company’s earnings per share ratio, price-earnings ratio and return on equity ratio
The earnings per ratio is 16.45%
The earnings-per-share ratio is calculated by dividing net income (before preferred dividends) by the total number of outstanding common stock shares. The price-earnings ratio illustrates the connection between the current market price and the current-period earnings per share.
Obtaining the earnings per share and the current share price to calculate the price-earnings ratio, which displays the market worth of the shares or how much investors are willing to pay for them.
Retained earnings 581,500
$ 1,488,500
Less: Treasury stock
Preferred (1,700 shares) $ 55,000
Common (1,700 shares) 30,000 85,000
Total stockholders’ equity $ 1,403,500
Earnings (net income) = $189,000
Preferred Dividend = $13,680 (13,100 - 1,700 x $30 x 4%)
Net income after preferred = $175,320
Earnings per share ratio = Net income/Number of common shares outstanding
= $175,320/(43,700 - 1,700)
= $4.17
Price-earnings ratio = Current market price/Earnings per share
= $52/$4.17
= 12.5x
Return on equity ratio = Net income after preferred dividend/Equity
= $175,320/$1,065,500 x 100
= 16.45%
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Summarize the benefits and problems of the global food system.
Answer: Their are many benefits of the global food system, there are also problems.
Explanation: Weather impacts our food globally when their are droughts, storms etc. You need to consider that some people don't have access to food, or water access. Climate change is a big factor when it comes tothe global food system.
Would you rather be in charge of a product or work as a part of a team?
Answer:
work as part of a team
Answer:
I prefer work as a team
Explanation:
because it's best for me then to work alone
Characterize the totality of a territory
Incomplete question. However, I inferred you want to know what characterizes the totality of a territory?
Explanation:
The basic characteristics of a place include;
the topographical features,the atmospheric, andthe biological processes;A territory's topological features include factors like the elevation of the place, etc.
all of the following are alternative methods for a u.s. investor entering into a joint venture in a foreign country except: group of answer choices a u.s. corporation with a foreign branch. a foreign partnership. a foreign corporation. a foreign expropriation
Except for group of answer options, all of the above are substitute procedures for an American investor starting a joint venture abroad. a U.S. company having an overseas branch. a foreign expropriation
What exactly is a foreign expropriation?The term "foreign expropriation loss" is used in this section to refer to any losses incurred as a result of a expropriation, interference, seizure, or other comparable taking of property by a foreign government, a political subdivision of that government, and any agency or apparatus of a foregoing.
An illustration of expropriationGovernmental expropriation of property without "fair recompense" is forbidden by the Fifth Amendment to the United States Constitution. Eminent domain in the US and South Africa's land reform laws are two prominent examples of expropriation.
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Keyser Mining is considering a project that will require the purchase of $980,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over the 7-year life of the project. The equipment can be scraped at the end of the project for 5 percent of its original cost. Annual sales from this project are estimated at $420,000. Net working capital equal to 20 percent of sales will be required to support the project. All of the net working capital will be recouped. The required return is 16 percent and the tax rate is 35 percent. What is the amount of the after-tax salvage value of the equipment?
A. $17,150
B. $31,850
C. $118,800
D. $237,600
E. $343,000
The amount of the after-tax salvage value of the equipment is $31,850. Option B
How to find the amount of the after-tax salvage value of the equipment?To determine the after-tax salvage value of the equipment, we need to calculate the salvage value at the end of the project and then apply the tax rate.
Therefore, the salvage value is:
Salvage Value = 5% of $980,000
= 0.05 * $980,000
= $49,000
The tax rate is given as 35 percent, so we can calculate the after-tax salvage value as:
After-Tax Salvage Value = Salvage Value - Tax on Gain
= $49,000 - (Tax Rate * Gain)
= $49,000 - (0.35 * $49,000)
= $49,000 - $17,150
= $31,850
Therefore, the amount of the after-tax salvage value of the equipment is $31,850.
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After Luke tries to understand Wang-Li’s family situation, Wang-Li shares concerns about his ability to complete his work responsibilities. Then, Luke asks questions and listens carefully to further understand Wang-Li’s worries about the work. Luke learns that Wang-Li is especially worried because his family has invested so much into his career success. Which element of EQ is most displayed in this case?
Answer:
Empathy
Explanation:
There are two definitions I would use to describe empathy as:
1. The psychological identification with or vicarious experiencing of the feelings, thoughts, or attitudes of one another
2. The imaginative ascribing to an object, as an natural object or work of art, feelings or attitudes present in oneself
Luke was being empathetic when he tried to understand Wang-li's family situation with his work. To explain better, empathy can be shown by listening and understanding.
function of the HR manager is concerned with employing people who
possess the necessary skills, knowledge, and aptitude
O Procurement
Development
O Motivation and compensation
STOS DE
TREI
O Integration
Answer:
Integration.
Explanation:
Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Thus, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.
The function of the HR manager that is concerned with employing people who possess the necessary skills, knowledge, and aptitude is known as integration. This is usually achieved through a recruitment process, which typically involves advertising a vacant position and accepting applications (resumes) from applicants who meet the minimum requirements.
What is the trial balance used?
a. It is a financial statment.
b. It doesn't contribute to the accounting cycle.
c. It records balance of a balance sheet.
d. It records balance of accounts.
Answer:
c
Explanation:
The Republic of Bucolia has computed its CPI for three years, using 2016 as the base year: Instructions: Round your answer to two decimal places. 2015 2016 2017 CPI 94 100 92 A gallon of paint in Bucolia cost $15.00 in 2015. What is that price in 2016 dollars
The price in 2016 dollars is $14.10.
What is CPI?
The consumer price index is used to measure the changes in the price of a basket of good. It is used to measure inflation.
CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100
What is the price in 2016 dollars?The price in 2016 dollars = price in 2015 x (2015 CPI / 100)
= $15 x (94 /100)
= $15 x 0.94
= $14.10
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Which margins can be increased for short letters?
Answer:
shorty
Explanation:
By attending to the aesthetic appeal of Internet ___________, we can target niche groups that are often elusive, when it comes to Internet marketing. Choose one • 5 points subcultures mobile data connection speed broadband
Answer:
subcultures
Explanation:
Internet subculture is a new way of living that was enabled and enhanced because of access to the internet. Sometimes, they are specific to certain groups of people. Prior to the advent of the internet these subcultures were in little or no use. Examples are the advent of memes and hashtags.
Trending topics on most social media platforms incorporate the use of hashtags which were not in use before now. To be successful in internet marketing, it is necessary to have a good mastery of internet subcultures.
FILL IN THE BLANK Customer acquisition ___ (CAC) is a metric that is used by e-commerce companies and other sales related organizations to assess the costs associated with convincing a potential customer to purchase a service or product.
E-commerce businesses and other sales-related organizations use the concept of customer acquisition costs to measure the expenses involved in persuading a potential consumer to buy a service or good.
What do a client and an example mean?A client is sometimes considered to be someone who purchases a good, business, or product. Customers are more clearly defined as individuals or organizations that are presently purchasing, have recently purchased, or may be considering purchasing a services or goods from another person or business.
What does a good client mean?Excellent Clients Aspire to Self-Sufficiency To suit their demands, they must be able to customize and alter it instantly. These are the folks who find a great deal of joy in figuring out the solution on their own and view asking for assistance from others as a sign of personal failure.
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Your restaurant revenue is $710,000, expenses total $890,000, and your total invest is $3 million what is your return investment?
Answer:
Return on investment = -6%
Explanation:
Given:
Gross revenue of restaurant = $710,000
Total expenses of restaurant = $890,000
Total investment = $3,000,000
Find:
Return on investment
Computation:
Net profit = $710,000 - $890,000
⇒ Net profit = -$180,000
Return on investment = [Net profit / Total investment]100
⇒ Return on investment = [-180,000 / 3,000,000]100
⇒ Return on investment = [-0.06]100
Return on investment = -6%
Question #2
Maple Choice
Markets for individuals looking to buy products or services for personal or household use are called
O consumer markets
O industrial markets
O markets
O none of the above
Answer:
Industrial Market
Explanation:
Market owned called Market and the consumer markets are paying for the food
the following are important reasons why we maintain our tools, implements,and equipment except: no
To assure the operational readiness of the tools, implements, equipment and
maximum return on investments.
ash flows from investing activities, it's important to review where a company's investment activity falls within its financial statements. There are three main financial statements: the balance sheet, income statement, and cash flow statement.
Organizations should monitor and analyze three main types of cash flow: cash flow from operating operations, cash flow from investment activities, and cash flow from financing activities. These three categories of cash flow can be used to determine the liquidity and solvency of the company. All three appear on the cash flow statement of a business.
What are the three financial statements?
Income statement, balance sheet, and cash flow statement are all required financial statements.
Trading professionals can utilize these three statements as instructional tools to evaluate a company's financial standing and swiftly ascertain its true worth.
Why Are Investment Activities Important?
The line item for investing activities is one of the most significant ones on a company's cash flow statement.
You can learn from them about how a company might develop in the future and generate more income.
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Cawley Company makes three models of tasers. Information on the three products is given below.
Tingler Shocker Stunner
Sales $296,000 $504,000 $200,000
Variable expenses 150,300 196,800 136,900
Contribution margin 145,700 307,200 63,100
Fixed expenses 121,168 234,632 95,900
Net income $24,532 $72,568 $(32,800)
Fixed expenses consist of $308,000 of common costs allocated to the three products based on relative sales, as well as direct fixed expenses unique to each model of $30,000 (Tingler), $79,400 (Shocker), and $34,300 (Stunner). The common costs will be incurred regardless of how many models are produced. The direct fixed expenses would be eliminated if that model is phased out.
James Watt, an executive with the company, feels the Stunner line should be discontinued to increase the company’s net income.
Compute current net income for Cawley Company.
Net income $
Answer:
Current net income for Cawley Company = $64,300
Explanation:
The following income are given in the question:
Net income of Tingler = $24,532
Net income of Shocker = $72,568
Net income of Stunner = (-$32,800), or -$32,800
Therefore, the current net income for Cawley Company can be calculated as follows:
Current net income for Cawley Company = Net income of Tingler + Net income of Shocker + Net income of Stunner = $24,532 + $72,568 + (-$32,800) = $24,532 + $72,568 - $32,800 = $64,300
What is the PEST analysis in the UAE retail industry?
Answer:
The UAE is one of the richest countries in the world in terms of per capita income. It has made remarkable economic progress over the years and the factors that have mostly contributed to it are abundant natural resources, economic diversification, innovation, and inflow of foreign direct investment (FDI).
6. Suppose that the consensus forecast of security analysts of your favorite company is that earnings next year will be $5.00 per share. The company plows back 50% of its earnings and if the Chief Financial Officer (CFO) estimates that the company's return on equity (ROE) is 16%. Assuming the plowback ratio and the ROE are expected to remain constant forever: Suppose that you are confident that 10% is the required rate of return on the stock. What does the market price of $50.00 per share imply about the market's estimate of the company's expected return on equity? (please give a number) 1 point
10.0000%, market price of $50.00 per share imply about the market's estimate of the company's expected return on equity.
The given amount is;
The market price of $50.00 per share.The company's expected return on equity is 10%.ROE x blowback ratio16.0000% x 50.0000%8.0000%Because the needed rate of return to the stock is 10%, the market's assessment of the company's expected return on equity is greater than that derived using the plowback ratio and the ROE.
As a result, the significance of the market price of $50.00 per share imply about the market's estimate of the company's expected return on equity are the aforementioned.
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some organizations use , such as a word processing assessment for an office assistant job or an integrity assessment for a cashier job, to measure ability or personality.
Some organizations use employment tests, such as a word processing assessment for an office assistant job or an integrity assessment for a cashier job, to measure ability or personality
What is an employment test?Employment testing is the practice of administering written, oral, or other tests to determine a job applicant's suitability or desirability. IQ tests, the most common type, assess general mental ability. Other tests assess verbal ability, math skills, spatial perception, inductive and deductive reasoning, and so on. Strength, endurance, and muscular movement are all measured in physical ability tests.
A performance test is a method of evaluating an individual's physical ability to complete a task. An individual may be asked to perform specific functions or movements, such as lifting a box or turning a knob, in some cases.
It should be noted that such test are important in order to determine if the candidate will fit the position.
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Nicholas just started a new business. He recognizes the need for performance appraisals but does not want to develop different ones for each job. He should use the ______ with all employees to rate their performance on a continuum such as excellent, good, average, fair, and poor.
If Nicholas wanted to use a performance appraisal style that rated performance on a continuum, he should use the Graphic rating scale form.
What is the Graphic rating scale form?It is a performance appraisal style where the various factors contributing to employee performance are rated on a continuum with answers such as excellent, very good, fair, and the like.
The advantage of this is that it can apply to several types of jobs so there would be no need to come up with new appraisal styles.
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In Exercises 33 and 34 explain why you cannot use the methods of this section to find the desired probability.
Hispanic workers A factory employs 3000 unionized workers, of whom 30 %are Hispanic. The 15 -member union executive committee contains 3 Hispanics. What would be the probability of 3 or fewer Hispanics if the executive committee were chosen at random from all the workers?
CHALLENGE: See if you can compute the probability using another method.
A factory employs 3000 unionized workers, of whom 30 %are Hispanic. The 15 -member union executive committee contains 3 Hispanics. The probability of 3 or fewer Hispanics if the executive committee were chosen at random from all the workers would be 3/15 or 0 .2.
What is Probability?The probability means possibility. It is a branch of mathematics that deals with the occurrence of a random event. The value of probability has range from zero to one.
The probability has been introduced in Maths to predict how likely events are to happen. The meaning of probability is basically the extent to which something is likely to happen.
A probability basically tells the possibility of outcomes for a random experiment. Like in the above given experiment the probability is 3/15 or 0 .2.
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QUESTION 2 of 10: You're opening a chic new restaurant and have 15 tables which are all square and can seat 4 people. However, you can
combine two tables to seat 6 or 3 to seat 8. for example. You have reservations for parties of 2,6, 8, 8, and 10. Once the guests arrive they
stay for the night and each reservation expects their own private table. Can you accommodate everyone's reservation requests?
A)Yes
b) No
Answer:
A) Yes
Explanation:
15 x 4 = 60 person capacity
60 - 2 = 58
58 - 6 = 52
52 - 8 = 44
44 - 8 = 36
36 - 10 = 26 person capacity left
Yes, you can accommodate everyone's reservation requests.
Yes, you can accommodate everyone's reservation requests.
Organizing the information given in the statement we have:
15 tables which are all square and can seat 4 people.to seat 6 or 3 to seat 8.reservations for parties of 2,6, 8, 8, and 10. Making the booking calculations\(15 * 4 = 60 \\60 - 2 = 58\\58 - 6 = 52\\52 - 8 = 44\\44 - 8 = 36\\36 - 10 = 26\)
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Discuss how expatriates experience reverse culture shock in the repatriation process. What can companies do to help expatriates continue to be part of their home communities? If you were going through the repatriation process, what would you want the company to do for you and your family?
Answer:
fvsvfdc
Explanation: