efficiency variance = standard hourly rate [(actual units produced × standard hours per unit) - actual hours worked] = $90 per hour [(23‚000 units × 1.5 hours per unit) - 34‚000 hours] = $90 per hour (34‚500 - 34‚000) = $45‚000 favorable The labor efficiency variance is considered favorable because it took workers 500 fewer hours to produce 23‚000 units than was originally expected. When this variance is closed to Cost of Goods Sold‚ it will result in a
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Use the following information for questions 1--10. Top That manufactures baseball-style hats. Material is introduced at the beginning of the process in the Cutting Department. Conversion costs are incurred (and allocated) uniformly throughout the process. As the cutting of material is completed‚ the pieces are immediately transferred to the Sewing Department. Data for the Cutting Department for the month of February 2005 follow: Work in process‚ January 31-- 50‚000 units 100%
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TOTAL DIRECT LABOR COST VARIANCE CAN BE SPLIT INTO • Direct labor rate variance (P) Calculation: actual total labor costs - (total actual labor hours worked x budgeted labor hour rate) Interpretation: calculates the portion of labor costs variance driven by the changed labor rate per hour Possible reasons for variances: changes in staff qualification and skills‚ general increase of wages in economy‚ premiums paid to finish a job quickly‚ poor budgeting • Direct labor quantity (efficiency) variance
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consequentialism defines morality in terms of the maximization of net expectable utility for all parties affected by a decision or action. It looks as the group as a whole and states that an action is morally right if the action is more favorable than unfavorable to everyone. Although forms of utilitarianism have been put forward and debated since ancient times‚ the most modern theory is associated with the British philosopher John Stuart Mill (1806- 1873) and his mentor Jeremy Bentham (1748- 1832)
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the nutritional content of the food. Customers and Channels of Distribution: Different customers go to restaurants and buy the products for different reasons. Individuals go to eat and meet socially with other people or just to feed themselves. Businesses choose restaurants based on the atmosphere and product depending on if they require catering for a business meeting or a location they can go and have a business friendly meal. Getting the product to the customer requires a few different tactics
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Sutherland ’s Differential Association Born August 13‚ 1883 in Gibbon‚ Nebraska‚ Edwin H. Sutherland grew up and studied in Ottawa‚ Kansas‚ and Grand Island‚ Nebraska. After receiving his B.A degree from Grand Island College in 1904‚ he taught Latin‚ Greek‚ History‚ and shorthand for two years at Sioux Falls College in South Dakota. In 1906 he left Sioux Falls College and entered graduate school at the University of Chicago from which he received his doctorate. (Gaylord‚ 1988:7-12) While attending
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University of San Jose-Recoletos MANAGEMENT SERVICES 1. The time interval between the instant at which an instruction control unit initiates a call for data and the instant at which delivery of the data is completed is a. Access time c. Compliance time b. Idle time d. Throughput time 2. In computer operations‚ data is encoded before processing can be done by the computer. These statements refer to batch processing‚ except a. The processing
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Gerrymandering The term gerrymandering refers to the practice of altering voting districts in order to achieve electoral results favorable to one person or party‚ usually the incumbent politician or party creating the new voting regions.1 This term‚ dating back to 1812‚ is an established method for incumbent politicians to improve their heresthetical “defense‚” by manipulating the dimensions of the political landscape.2 This tactic is extremely common in the United States and a prime example
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expected to enable the pooling of credit information from a borrower’s total number of current loans‚ repayment history‚ previous bankruptcies‚ etc‚ and avoid information asymmetry problems which can allow lenders to extend greater credit at more favorable interest rates‚ consequently result in facilitation of borrower’s repayment capacity leading to mitigation of non-performing
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Running Head: “Affordable Care Act – Assignment 3” President Obama’s Affordable Care Act – Assignment 3 Strayer University Dr. Neely PAD 510 August 25‚ 2013 Abstract This is Assignment 3 for the Affordable Care Act. This paper contains the corrected Assignment 1 and 2 as well as Assignment 3 which is the Position Paper. The Affordable Care Act is a frequently discussed topic today by Americans. The Affordable Care Act is supposed to allow all Americans to have
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