Answer:
the labor rate variance is $16,000 unfavorable
Explanation:
The computation of the labor rate variance is shown below:
As we know that
Labour Rate Variance = ( Actual Rate - Standard Rate) ×Actual Hours Worked
= ($160,000 ÷ 22,000 direct labor hours - $8) × 22000 direct labor hours
= ($7.27 - $8) × 22000 direct labor hours
= $16,000 Unfavorable
hence, the labor rate variance is $16,000 unfavorable
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The operations process for what
Answer:
Option (D) is correct.
Explanation:
Unit product cost:
= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= $10 + $25 + $15 + $20
= $70
Operating income using absorption costing:
= (500 units × $100) - (500 units × $70) - (500 units × $5) - $7,500
= $50,000 - $35,000 - $2,500 - $7,500
= $5,000
The statements regarding Fannie Mae loan are true except that A. Fannie Mae lends money directly to homebuyers.
<h3>How to illustrate the information?</h3>
It should be noted that Federal National Mortgage Association (Fannie Mae) was established to provide a secondary market for FHA-insured and VA-guaranteed loans.
Fannie Mae fully guarantees timely payment of interest and principal to investors and is authorized to buy both conventional home loans and government-sponsored
In conclusion, the correct option is A.
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