BUSINESS COLLEGE

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 5.30 DLHs Standard variable overhead rate $ 11.66 per DLH The following data pertain to operations for the last month: Actual direct labor-hours 8800 DLHs Actual total variable manufacturing overhead cost $ 96,000 Actual output 1500 units What is the variable overhead rate variance for the month

Answers

Answer 1

Answer:

$9,911 Unfavorable

Explanation:

Calculation for What is the variable overhead rate variance for the month

First step is to calculate the Standard labor hours Using this formula

Standard labor hours = Actual output x Standard hours per unit of output

Let plug in the formula

Standard labor hours= 1500 x 5.30

Standard labor hours= 7,950

Now let calculate the Variable overhead efficiency variance using this formula

Variable overhead efficiency variance = Actual labor hours - Standard labor hours) x hourly rate for standard variable overhead

Let plug in the formula

Variable overhead efficiency variance= ( 8,800-7,950) x 11.66

Variable overhead efficiency variance=850×11.66

Variable overhead efficiency variance= $9,911 Unfavorable

Therefore the variable overhead rate variance for the month is $9,911 Unfavorable

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An investment had a nominal return of 11.1 percent last year. If the real return on the investment was only 7.3 percent, what was the inflation rate for the year

Answers

Answer:

inflation rate= 3.8%

Explanation:

Giving the following information:

Nominal return= 11.1 percent

Real return= 7.3 percent

The real return on investments is the difference between the nominal return and the inflation rate.

Real return= nominal return - inflation rate

inflation rate= nominal return - real return

inflation rate= 11.1 - 7.3

inflation rate= 3.8%

Final answer:

The inflation rate is determined by subtracting the real return on an investment from its nominal return. In this case, the inflation rate is 3.8 percent.

Explanation:

The inflation rate can be calculated by subtracting the real return from the nominal return. In this case, the nominal return is 11.1 percent and the real return is 7.3 percent.

To calculate the inflation rate, we use the formula: Inflation rate = Nominal return - Real return. So, the inflation rate would be: 11.1 - 7.3 = 3.8 percent.

This means that the value of money decreased by 3.8 percent over the course of the year due to inflation.

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abstraction enables us to apply a function to each value in a list and returns a new list of the results

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the cover-up of complex procedures. Abstraction allows us to apply a function to each value in a list and produce a new list of the results by getting rid of unnecessary or repetitive code.

Abstraction is a method used in computer science to control the complexity of computer systems. It functions by setting a threshold for complexity beyond which a user cannot interact with the system, concealing the more intricate elements below the threshold.

When we write code parts (referred to as "procedures" or, in Java, "static methods") that are generalized by having variable parameters, we are using procedural abstraction. The concept is that we have code that, depending on how its parameters are configured when it is called, can handle a range of different circumstances.

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Answers

Answer:

C) Would decrease

Explanation:

A person who is confident, focused and highly determined would best be described with which of the following terms?

Answers

The correct answer of the given question above would be INDOMITABLE. A person who is confident, focused and highly determined is best described as indomitable. An indomitable person is one who is not easily defeated. This could also mean as someone who is strong, brave and determined.

Interest rates rise faster in Scotland (GBP) than they do in the United States (USD). Which nation’s currency appreciates? Which nation’s currency depreciates? How will the change in the value of the U.S. dollar impact the balance of trade in the United States? How will the change in the value of the British pound impact the balance of trade in Scotland?

Answers

There is very simple logic between demand and supply. When demand is high, price rises and currency appreciates in its value. On the other hand, price should decline if import rate is mare compared with export rates. As prices of U.S goods increases which ultimately goes to international market where producers have to pay domestic currencies. Americans will demands comparatively less expensive goods. So it will result in supplying more dollars to foreign exchange market.

Finally, increasing demand of pounds. Finally, U.S dollars appreciates and pound depreciates. Trade value is amount by which total import value deviates from export value. Due to changes in interest rates results in trade imbalance in U.S. There is not greater effect on Scotland as it is key player in transporting of energy products to rest of U.K.

An important function of the U.S. Federal Reserve is to a. set the debt ceiling. b. control the supply of money. c. mint coins. d. fund Congressional spending.

Answers

Answer:

b. control the supply of money.

Explanation:

The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by Congress in 1913, and began operations in 1914. It is just like all central banks, the Federal Reserve is a United States government agency. The following are the responsibilities of the Fed Reserves System;

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- They promote public goals such as economic growth, low inflation, and the smooth operation of financial markets (monetary policies).

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Hence, an important function of the U.S. Federal Reserve is to control the supply of money. The monetary liabilities of the Federal Reserve include currency in circulation and reserves. The currency in circulation includes all of the US paper currency (dollar bill) that are available in the country while reserves refers to the minimum deposits being held for the U.S Treasury and depository financial institutions by the Fed.

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