The valuation of Japanese yen is 9.1% when the yen-dollar exchange rate is 125 yen/dollar.
Exchange rate:
Exchange rate defines the cost of exchanging one currency for another. And the rates are generally fluctuating due to economic and political factors.
Given,
Assume that the price of big mac in japan is yen 750 while that in the united states is $5.50.
Here we need to find the valuation of Japanese yen when the yen-dollar exchange rate is 125 yen/dollar.
First, we have to identify the rate of one yen in dollars.
In order to find that, we have to divide the dollar rate by the yen value, then we get,
=> 1 yen = 1/125
=> 1 yen = 0.008 dollar
Now, to find the valuation we have to divide the product price by the yen equivalent value, then we get,
=> 5.50/0.008
=> 9.1%
Therefore, the valuation of Japanese yen is 9.1%.
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Which term BEST describes the contract between the tenant and the
landlord for rental of the property?
application
O rent statement
O lease agreement
O credit agreement
O application
An official document outlining the terms as well as conditions of a lease and rent partnership between two parties is known as a tenancy agreement as well as lease agreement.
What is lease agreement?
Many landlords ask their tenants to sign lease agreements prior to moving into a rental property. An agreement known as a lease between a tenant and landlord grants the tenant the right to occupy a property for a predetermined amount of time, usually a 6- or 12-month rental period. The parties to the lease are bound by a contract between the landlord and tenant. Residential leases are agreements between a landlord and a tenant that spell out their expectations for the duration of the tenancy, as well as the rent and any pet-related restrictions. The best interests of both parties can be protected with the help of a solid, carefully thought-out, and well-written lease contract because neither party may change the terms of the agreement without the other's written consent.
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suppose that angela spends all of her income on two goods, pizza and soda. if the price of pizza falls then:
Minor Utility means the utility or fulfillment got by spending an extra dollar on another unti of a singular decent. The marginal utility/price ratio changes when the price of two goods changes.
Let's say angela spends her entire income on two items: pizza and books about fiction B. The current marginal utility per dollar spent on pizza will decrease if the price of pizza goes up. The marginal utility will change as the price goes up.
What is an illustration of marginal utility?A consumer's enjoyment from each additional unit of consumption is called marginal utility. It determines the utility beyond the initial consumption of the product. The marginal utility is the utility gained from purchasing a second bottle of water after purchasing a first one.
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Full Question - Suppose that angela spends all of her income on two goods: pizza and fiction novels. If the price of pizza rises, then
A. The current marginal utility per dollar spent on pizza will rise
B. The current marginal utility per dollar spent on pizza will fall
C. The current marginal utility per dollar spent on fiction novels will rise
D. The current marginal utility per dollar spent on fiction novels will fall
stormer company reports the following amounts on its statement of cash flow: net cash provided by operating activities of $33,000; net cash used in investing activities of $12,000 and net cash used in financing activities of $15,000. if the beginning cash balance is $6,000, what is the ending cash balance?
The ending cash balance is $12,000.
Net cash provided by operating activities 33000
Add: net cash from investing activities (12000)
Add: net cash from financing activities (15000)
Net change in cash $6000
Add: beginning cash balance $6000
Ending cash balance $12000
What is cash balance?The sum of net cash that a business has on hand is known as its cash balance. To cover any unforeseen net cash outflows, this money is maintained on hand. Businesses can find themselves unable to pay their expenses without this safety net.Normally, cash balances are put toward debt repayment or given back to investors in the form of a dividend. A cash balance is especially important for companies with large variations in the timing and volume of their net cash inflows and outflows.Contrarily, businesses with a lack of cash may be pushed to engage in unwanted activities in order to enhance their financial statements and acquire operating capital, which could result in their missing out on significant possibilities.Businesses that have a large cash balance suffer from a financial drag and frequently miss out on investment possibilities.To learn more about cash balance from the given link
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the percentage analysis of increases and decreases in indivudual items in comparative financial statements is called
The term "horizontal analysis" refers to the percentage analysis of increases and decreases in individual items in comparative financial statements.
Financial statements are verified records of a company, a person, or another entity's financial activity and position. Financial information that is relevant is organized and presented in an approachable manner. Financial statements are written records that describe the operations and financial performance of a company. To ensure accuracy and for tax, financing, or investing purposes, financial statements are frequently audited by government agencies, accountants, firms, etc. The cash flow statement, income statement, and balance sheet are the three primary types of financial statements. A company's assets, liabilities, revenues, expenses, and cash flows from operating, investing, and financing operations are all displayed in combination by these three statements. Depending on a company's income and assets, the government can impose taxes on it.
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modern supply chain management systems access national weather service databases to track weather events that could impact logistics. this is an example of using mis to monitor which element of a pestel analysis?
Modern supply chain management systems access national weather service databases to track weather events that could impact logistics. This MIS is used to monitor Environmental element of a pestel analysis.
A supply chain is a group of people and businesses who work together to create products and deliver them to customers. The chain's links start with the companies that produce the raw materials and end when the van delivers the finished item to the customer. A supply chain is made up of all the steps taken to deliver a finished good or service to the customer. A distribution centre may then receive the finished goods that have been transported from production after the raw materials have been obtained.
The term "logistics" describes the overall process of controlling the way resources are obtained, stored, and delivered to their intended location. Determine the effectiveness and accessibility of potential distributors and suppliers as part of the logistics management process.
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The manufacturer of a computer game planned to produce the game for a cost of $15 and sell it for $30. however, in the first month, the company sold only 100,000 games. a marketing research group suggests that by dropping their price to $20 they could probably increase sales to about 200,000 games in the next month. production costs would stay the same, and the manufacturer has the capacity to produce 200,000 games. which of these options is the best for the coming month when considering marginal costs and benefits?
The best option for the manufacture in the coming month when considering marginal costs and benefits is keeping the price at $30 to retain the image of a quality product.
This option is not only to retain the quality of the product, but it also avoids your customer being confused about why your company decreasing the price. is it means the quality decrease too? So it's better to keep selling it for $30 and increase the quality than your sold for $20, but not guarantee it would be sold in more units. Marginal cost also says to the increase or decrease in the value of producing one more items or serving one more customer. It is also called as incremental cost.
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garden variety flower shop uses 750 clay pots a month. the pots are purchased at $2 each. annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. the manager has been using an order size of 1,500 flower pots. a. what additional annual cost is the shop incurring by staying with this order size? (round your intermediate calculations and final answer to 2 decimal places.)
It has the lowest inventory cost, this is the best order size. The holding cost and ordering cost are balanced at this level. It cuts out the need to keep a lot of inventory.
9000 = 750 x 12 = demand (D).
Order cost(s) = $20
Holding cost = $2 x 0.30 = $0.60
[tex]\sqrt{} ((2*D*S)/h) = EOQ\\\sqrt{} ((2*9000*20)/0.9) = EOQ[/tex]
EOQ = 632.455 clay pots
How is the economic order quantity calculated?You will require the following variables to calculate the economic order quantity: cost of setting up, cost of holding, and demand rate. The equation is: The EOQ is the square root of:2] / holding costs (setup costs x demand rate).
What is EOQ and how significant is it?The ideal economic order quantity of an item for inventory that businesses should purchase to reduce inventory costs includes: Costs of ordering: The expenses incurred by a business when placing an order for inventory are referred to as ordering costs.
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the specific combination of goods, services, or ideas that a firm offers its target market is known as it
The specific combination of goods, services, or ideas that a firm offers its target market is known as it product. The broad population that a company is attempting to attract through its marketing initiatives is known as a target market.
What is target market?A target market, also known as a serviceable attainable market, is a segment of a company's serviceable available market that the company directs its marketing resources and efforts toward. A target market is a segment of a product or service's overall market.The broad population that a company is attempting to attract through its marketing initiatives is known as a target market. A target audience, on the other hand, is a particular segment of the target market that a business seeks to connect with through focused marketing initiatives.By defining a target market, marketers can concentrate on the people who are most likely to buy the product. By reducing the population, research and funding are directed toward the clients who have the most potential for profit.To learn more about target market refer to:
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which of the following costs is not deductible as an itemized medical expense? a) the cost of eyeglasses b) payments to a hospital c) transportation for medical purposes d) the cost of insurance for long-term care services e) all of these choices are deductible as medical expenses.
The cost of eyeglasses is not deductible as an itemized medical expense.
An expense is defined as any item that necessitates the payment of money, or any form of fortune in general, to another person or group in exchange for an item, service, or another category of costs. Rent is an expense for a tenant. Tuition is an expense for both students and parents.
While a cost is typically a one-time payment, an expense is best defined as a sum paid on a regular basis to support ongoing business operations. These payments are critical to a business's ability to generate revenue.
Hence, the correct answer is "A".
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a plant asset is (depreciated/discarded/obsolete) when it is no longer useful to the company, and it has no market value.
A plant asset is discarded when it's far not beneficial to the employer and has no market cost. (Capital/sales)
In economic accounting, an asset is any resource owned or controlled by a commercial enterprise or an economic entity. it's miles whatever that can be used to supply tremendous economic fees. property represents a fee of possession that may be transformed into cash.
An asset is a useful resource with economic value that a man or woman, employer, or country owns or controls with the expectation that it's going to offer a future advantage. assets are pronounced on a company's stability sheet. they are classified as current, constant, financial, and intangible. Examples of property encompass all contemporary, capital, and intangible assets owned by means of a company and used for accounting purposes. for instance, cash, debts receivable, building, plant and gadget, goodwill, and patents.
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solar power llc and trey enter into an oral contract under which solar agrees to provide trey with lifetime employment. this contract may be enforceable by
The contract may be enforceable by either Solar or Trey. Hence the correct choice of answer for this question would be option (b).
Give a brief account on corporate law.Corporate law, usually referred to as business law, is the body of legislation that regulates the rights, relationships, and behavior of individuals, groups, and enterprises. The phrase describes the idea of companies as well as the legal practice of corporate law. Law that deals with issues that directly result from a corporation's life cycle is frequently referred to as corporate law. Thus, it includes the creation, financing, administration, and dissolution of a corporation.
Similar legal traits and legal issues occur across numerous jurisdictions, notwithstanding differences in the minute form of corporate governance as exemplified by share ownership, capital market, and business culture rules. Corporate law controls how businesses, creditors, shareholders, directors, employees, and other stakeholders—including customers, the public, and the environment—interact with one another.
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Solar Power LLC and Trey enter into an oral contract under which Solar agrees to provide Trey with lifetime employment. This contract may be enforceable by
a. Trey only.
b. either Solar or Trey.
c. any interested third party, such as a Solar supplier.
d. Solar only.
which of the following is one of deming's fourteen principles of management? set targets for the work force asking for zero defects and new levels of productivity. develop work standards (quotas) on the factory floor. institute a vigorous program of education and self-improvement. move toward multiple suppliers for any one item. establish the need for inspection on a mass basis.
Develop work standards (quotas) on the factory floor is is one of Deming's fourteen principles of management. The British Library, Peter Drucker: the father of management thought.
The activities that "plan, organise, and control the operations of the basic elements of [people], materials, machines, methods, money, and markets, providing direction and coordination, and giving leadership to human efforts, in order to achieve the sought objectives," are what are formally referred to as management principles. A manager's job is to give all efforts to achieving organisational objectives general direction and Develop. Increasing productivity through effective planning, organizing, controlling, and directing, management contributes to the business's increased efficiency.
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what does the income approach to value rely on when valuing single-family and two- to four-unit properties?
The income approach to value rely is based on the idea that the market value is related to rent or income that a property can return hen valuing single-family and two- to four-unit properties.
How do this phenomenon works?
Income approach is a type of real estate method that allows investors to estimate the value of a property based on the income the property generates ( either through rent or income).
While dealing with single family and two to four unit properties appraisers uses the sales comparison approach because the income varies from location to location and also the relative factors associated with it. According to the given area, rent and income generated is considered to calculate its reliance.
Therefore, The income approach to value rely is based on the idea that the market value is related to rent or income that a property can return hen valuing single-family and two- to four-unit properties.
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pipeline corporation requires its employees to have a high school diploma. in a suit against pipeline under the civil rights act, the employer shows a connection between a high school education and job performance. this is
A high school diploma is a requirement for employment in pipeline corporation. An company asserts a link between a high school diploma and employment performance in a civil rights act lawsuit against pipeline. This justification is based on commercial need.
The legal theory used to support an employer's hiring practises that disproportionately impact a group of people is known as "business necessity." It support an employer's choice to employ hiring practises that disproportionately disadvantage a particular group.
Business necessity is defined as a specific practise that is thought to be required for effective or efficient business operation and has a clear reason for being used.
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in highly cohesive teams, when members try to maintain harmony by striving toward consensus on issues without ever offering, seeking, or seriously considering alternative viewpoints and perspectives, this is
Groupthink occurs when members of highly cohesive teams try to maintain harmony by working toward an agreement on topics without ever presenting, seeking out, or properly considering alternate thoughts and perspectives.
Groupthink is a phenomenon that happens when people come to an agreement without using critical thinking or weighing the pros and drawbacks.
The foundation of groupthink is a shared desire to keep the balance of the group. In this situation, the urge for group cohesion effectively stifles wise judgment and creative problem-solving.
A typical everyday example of groupthink is the internal justification of unfair business practices and the unwillingness to speak out against them.
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if in the economy, business saving equals $240 billion, household saving equals $15 billion and government saving equals -$150, what is the value of national saving?
The value of national saving would be $105 billion if the economy business saving equals $240 billion, household saving equals $15 billion and government saving equals $150.
What is household saving and what would be the value of national saving?The household saving is the net money or amount saves from the net income as a percentage of net household saving.Here the question is asked if the economy , business saving equals the data amount given then what is the value of the national saving.National savings is a kind of saving that have no agents or kind of financial incharge assigned to take care of the investment in personal account.Here is given the business saving amount that means the deposits or saving you can make for further use in business in future.Hence the value of national saving would be $105 billion if the economy business saving equals $240 billion, househols saving equals $15 billion and government saving equals $150.To know more about economy visit:
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Private savings equal to the combined savings of the household and the business.
The government's total savings are known as public savings or government savings. It is the sum of taxes less spending by the government.
National savings are equal to the sum of private sector and public sector savings.
Private Savings = Business Savings + Household Savings = Government Savings Private Savings = Business Savings + Household Savings = Government Savings National Savings = $240 + $15 - $150 = $105 Billions.
How much money are you allowed to save?The rule of thumb is to have enough money saved up for three to six months' worth of necessities like rent, utilities, food, and car payments. saved money for unexpected expenses like medical bills or immediate car or home repairs. The guidelines are different for each person's situation.
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if wendy's airs a television advertisement delivering a message about a special promotion at its restaurants, wendy's is the blank in the communication process. multiple choice question. receiver source channel field of experience
If Wendy's airs a television advertisement delivering a message about a special promotion at its restaurant, Wendy's is the SOURCE in the communication process.
Four essential elements make up the communication process. These elements consist of encoding, transmission medium, decoding, and feedback. Two additional factors are involved in the process, and those two additional factors are represented by the sender and the receiver.
There are five steps in the communication process: idea generation, encoding, channel selection, decoding, and feedback. Noise is anything that obstructs effective communication.
The actions we take to successfully communicate are referred to as the communication process. The sending party, message encoding, channel selection, message receipt by the recipient, and message decoding are all aspects of the communication process.
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shareholders are never allowed or required to recognize gains or losses on a liquidating distribution. a. true. b. false.
True, shareholders are never permitted or compelled to acknowledge gains or losses on a liquidation payout. Hence, the right choice is true.
What does the term shareholder mean?A shareholder of a corporation is an individual or legal organization who is registered as the legal owner of shares of a public or private corporation's share capital by the corporation. A corporation's shareholders may be referred to as members. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and the corporation is not required or permitted to inquire about the beneficial ownership of the shares unless required or permitted by law. In most cases, a business cannot own its own stock.
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softstep stables has developed a lighter horseshoe for thoroughbreds, called the air citation. the company is presently experiencing labor difficulties and plans to raise wages to avert a strike. this will increase the variable cost per shoe from $15 to $21. the shoes presently sell for $47 each, but due to the competitive environment, softstep stables plans to drop their price to $32 each. their current volume is 1,000 units. fixed costs are $1,800. what will be the new unit volume required to generate the same total contribution as before?
Variable price may be a price that remains constant on a per unit basis no matter the output level, but it will increase in totality. Fixed costs, on the contrary, remain constant in totality and reduce on a per-unit basis because the output level will increase.
Current Situation: Terms per unit = $49 Variable prices per unit = $15 Sales Volume = 800 units.
Contribution Margin per unit = terms per unit - Variable prices per unit Contribution.
(($2.88 - $1.22) - ($2.88 - ($1.22 + .40))) / ($2.88 - $1.22) = 0.24[+/- 0.01](24%[+/- 1%]
Change in contribution divided by the original contribution, divide the new contribution margin by the old contribution margin and subtract the result from 1.
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margin of safety a. if canace company, with a break-even point at $315,700 of sales, has actual sales of $410,000, what is the margin of safety expressed (1) in dollars and (2) as a percentage of sales? round the percentage to the nearest whole number. 1. $fill in the blank 1 2. fill in the blank 2 % b. if the margin of safety for canace company was 25%, fixed costs were $1,387,500, and variable costs were 75% of sales, what was the amount of actual sales (dollars)? (hint: determine the break-even in sales dollars first.) $fill in the blank 3
The margin of safety for Canace company with a break-even point at $315,700 of sales is 2,11,500.
What is margin of safety?The market price and a stock's intrinsic value are separated by a margin of safety. The margin of safety in break-even analysis refers to the amount that output or sales can drop before a business hits its break-even point. It is a concept from the accounting discipline. A no-profit, no-loss situation is the break-even point. When a stock's value exceeds its market price, it should be purchased using the margin of safety strategy. The value investing theory, which promotes capital preservation as the first investing rule, is based on this basic tenet. Benjamin Graham advised investors to focus on undervalued or underappreciated businesses with low P/E and P/B ratios. To determine whether businesses have unrecognized assets that are hidden from the public view, one need also examine financial statements and footnotes.
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the implied warranty that food and drink served by restaurants, grocery stores, fast-food outlets, coffee shops, bars, vending machines, and other purveyors of food and drink be safe for human consumption is called the
The implied warranty that food and drink served by restaurants, grocery stores, fast-food outlets, coffee shops, bars, vending machines, and other purveyors of food and drink be safe for human consumption is called the implied warranty of fitness for human consumption.
Food is any substance commonly eaten via residing matters. The term food also includes liquid drinks. food is the primary supply of strength and of vitamins for animals and is common in animal or plant starting places. There are four (4) simple meal strength assets: fats, proteins, and carbohydrates.
And while excellent meals are nutrient-dense it's also tasty and visually attractive. proper meals mean that it enhances the condition of its clients and growers; its manufacturing maintains the fitness of the surroundings whilst producing earnings for the grower.
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which organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated?
Matrix organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated.
What do you mean matrix organization?
A matrix organization is a structure where there is more than one line of reporting managers.
What is an example of a matrix organization?
In a matrix organization, individuals work across teams and projects as well as within their own department or function. For example, a project or task team established to develop a new product might include engineers and design specialists as well as those with marketing, financial, personnel and production skills.
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when employees suggest changes in a positive way and make innovative suggestions for change, they are exhibiting:
when employees suggest changes in a positive way and make innovative suggestions for change, voice behavior is exhibited:
Voice conduct refers back to the behavior that proactively situations the status quo and makes constructive modifications. preceding studies have explored the antecedents of personnel' voice conduct, however to whom employees are probably to voice their thoughts has remained not often tested.
voice conduct is difficult and transformative in nature, therefore, voice conduct is regularly accompanied by struggle or hazard, which made employees more careful approximately voice. therefore, employees frequently select to “know but keep silent,” and generally tend to accurately guard themselves. The phenomena are in particular obvious in China’s enterprise, in which concord is valued and with higher electricity distance.
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which product characteristics would prompt the most intensive inspection? multiple choice question. low-cost, high-volume low-volume, high-cost moderate-cost, medium-volume
Low-volume and high-cost are the product characteristics that would prompt the most intensive inspection.
In order to further describe each product, product characteristics can be added to the product definition. Size, form, weight, color, quality, hardness, and other attributes are a few examples of product qualities. Depending on your product and how its functional design criteria have been developed, the list of product attributes may vary.
Regarding reliability, quality, and safety, some product features are more important than others. It may be crucial to recognize those who are most significant.
Product qualities are all the minor details of a product that have an impact on the consumer's choice to purchase. Therefore, a buyer may be prompted to make a purchase as a result of a product attribute that directly adds value to them.
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illcrest co. sold $500 of merchandise on a bank credit card with a 5% fee. the entry to record this sales transaction would include debit(s) to: multiple choice question.
The sum owing to a business for products or services that have been delivered or used but have not yet been paid for by clients is referred to as accounts receivable (AR). The debt to cash entrance into the record sales would be 970 dollars.
The percentage Is a value that has been multiplied by 100. In this manner, expressing 25% of a value is equivalent to expressing 25% out of 100, or 25% divided by 100. Simply multiply the total by the percentage to determine the precise number of absentees from the event. So: 160 x 25% = 160 (25/100) = 160 x\s0.25 = 40 This is so that the cash sum received will be equal to the sales values multiplied by one less the credit card fee.The amount of debt to cash that would be used to pay for the record sales would be 1000 x (1-0,03) 1000 x 0,97 = 970$.
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if the federal government has a budget deficit it can finance its spending by part 2 a. selling treasury bonds. b. selling corporate bonds. c. selling municipal bonds. d. all the above.
If the federal government has a budget deficit, it can sell treasury bonds to fund its spending.
Describe treasury bonds.The federal government of the United States of America issues Treasury bonds (T-bonds), which are debt instruments with maturities greater than 20 years. Prior to maturing and paying the owner in full, T-bonds accrue interest at regular intervals.
Treasury bonds are a subset of the larger category of treasury bills issued by the United States government. Because Treasuries are backed by the government's ability to tax its citizens, they are frequently perceived as being almost risk-free investments.
A Treasury bond is one of four financial instruments that the US Department of Treasury issues to finance the nation's expenditures. Four types of debt exist Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation-Protected Securities.
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a reduction of the value of a nation's currency relative to the currencies of other countries is called a currency devaluation. group of answer choices true or false
True A currency devaluation is a decrease in a nation's currency's value in comparison to that of other nations' currencies.
What is an example of a currency devaluation?When a nation's government deliberately lowers the value of its currency, this is known as devaluation. Instead of allowing market forces to determine its value, a nation must bind its domestic currency to another currency before taking this action. For instance, Panama binds the balboa, the country's currency, to the US dollar.
How does currency devaluation affect things?The deliberate downward adjustment in the official exchange rate known as devaluation lowers the value of the currency; A revaluation, on the other hand, is an increase in the value of the currency. The domestic currency's lower value in comparison to other currencies is a key effect of devaluation.
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several employees developed a plan to improve the efficiency of the production floor, potentially saving the organization significant amounts of money. as a result, the employees will be given a bonus of 25 percent of the economic gain that results from this plan. this type of incentive pay is known as .
Gainsharing is a management strategy that a company uses to boost revenue by inspiring staff to perform better through involvement & participation. The advantage is monetarily shared by the employees as their performance increases.
What is Gain sharing ?Profit sharing should not be mixed up with gainsharing. The distinctions between Gainsharing & profit sharing are numerous. Other names for gainsharing include gainsharing, gainshare, and gain. Another name for it is "savings sharing."
In other words, a corporation splits the savings from greater performance with its employees. Gainsharing encourages staff to collaborate more effectively rather than merely working harder in order to increase performance and reduce waste.
Gainsharing is a strategy for encouraging your staff using monetary incentives. Understanding profit-sharing can help you comprehend gain-sharing because they are extremely similar.
Gainsharing is best defined as a management style in which a company strives to improve performance by involving and involving its employees. Employees benefit financially when performance rises. It is a team effort, and typically all of the workers in a location or activity are involved.
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problem 10-14 (algo) basic variance analysis [lo10-1, lo10-2, lo10-3] becton labs, incorporated, produces various chemical compounds for industrial use. one compound, called fludex, is prepared using an elaborate distilling process. the company has developed standard costs for one unit of fludex, as follows: standard quantity or hoursstandard price or ratestandard cost direct materials2.00ounces$ 21.00per ounce$ 42.00 direct labor0.90hours$ 12.00per hour10.80 variable manufacturing overhead0.90hours$ 2.00per hour1.80 total standard cost per unit$ 54.60 during november, the following activity was recorded related to the production of fludex: materials purchased, 10,000 ounces at a cost of $197,000. there was no beginning inventory of materials; however, at the end of the month, 2,550 ounces of material remained in ending inventory. the company employs 24 lab technicians to work on the production of fludex. during november, they each worked an average of 170 hours at an average pay rate of $11.50 per hour. variable manufacturing overhead is assigned to fludex on the basis of direct labor-hours. variable manufacturing overhead costs during november totaled $4,800. during november, the company produced 3,700 units of fludex. required: 1. for direct materials: a. compute the price and quantity variances. b. the materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. would you recommend that the company sign the contract? 2. for direct labor: a. compute the rate and efficiency variances. b. in the past, the 24 technicians employed in the production of fludex consisted of 6 senior technicians and 18 assistants. during november, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. would you recommend that the new labor mix be continued? 3. compute the variable overhead rate and efficiency variances.
The variable overhead rate and efficiency variances are;
Material:
Std qty allowed 8050
(3500*2.30)
Std price 17
Actual qty purchased 11500
Actual qty used 8350
Actual price 15.55
Material price variance = Actual qty purchased (Std price-Actual price)
11500 (17-15.55) = 16675 Fav
Material Quantity variance= Std price (Std qty -Actual qty used)
17.00 (8050-8350) = 5100 Unfav
Yes.
Labour:
Std hour allowed 2100
(3500*0.60)
Std rate 13
Actual hours 2720
Actual rate 11.5
Labour rate variance = Actual hours (Std rate-Actual rate)
2720 (13-11.50 ) = 4080 Fav
Labour efficiency variance = Std rate (Std hours -Actual hours)
13 (2100-2720) = 8060 Unfav
No.
Variable Oh
Std hours allowed 2100
Std oh rate 2.5
Actual hours 2720
Actual Variable oh 3000
Variable oh rate variance= Actual hours*Std oh rate -Actual variable oh cost
2720*2.5 - 3000 = 3800 Fav
Variable Oh efficiency variance = Std oh rate (Std hours -Actual hours)
2.50 (2100-2720 ) = 1550 Unfav
The materials amount and exertions efficiency variances are generally the obligations of production managers and supervisors. The substances rate variance can be computed at what distinct points in time?
There are numerous kinds of performance, including allocative and productive performance, technical efficiency, 'X' performance, dynamic performance and social efficiency.
The performance principle states that a movement achieves the most gain whilst marginal blessings from its allocation of resources are identical to marginal social fees. The purpose is to provide desired products at the lowest possible cost, removing deadweight loss or misused assets.
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a 40-year-old man in the u.s. has a 0.247% risk of dying during the next year. an insurance company charges $280 per year for a life-insurance policy that pays a $100,000 death benefit. what is the expected value for the person buying the insurance? round your answer to the nearest cent. be careful with negative signs.
The expected value is the sum of the gain or loss if an event occurs and the probability of that event. People who are afraid of risk will pay to avoid it. The foundation of insurance is this.
How is expected value calculated?Simply multiply each value of the discrete random variable X by its probability and add the products to get the expected value, E(X), or mean. The formula is as follows: E (X) = = x P (x)
(0.00242)(99725)+(0.99758)(-275) = -$33 is the expected value.
What is expected value to the customer?A customer's expectation of the quality of a company's products or services is measured by customer expectations.
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