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Fischer Proffitt
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Which is NOT an example of moral hazard
A) people eat less at all-you-can-eat buffets
B) loggers clear-cut a tract of land when paying a fixed price rather than when paying per tree felled
C) Drivers of heavier,safer cares are more likely to run stop signs
D) workers on commission work harder than those paid an hourly wage
A) people eat less at all-you-can-eat buffets
B) loggers clear-cut a tract of land when paying a fixed price rather than when paying per tree felled
C) Drivers of heavier,safer cares are more likely to run stop signs
D) workers on commission work harder than those paid an hourly wage
On Sep 25, 2024
A
FP
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The following data for November have been provided by Hunn Corporation, a producer of precision drills for oil exploration:
Required:Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U).
Required:Compute the variable overhead rate variances for indirect labor and for power for November. Indicate whether each of the variances is favorable (F) or unfavorable (U).On Sep 22, 2024
Indirect labor:Variable overhead rate variance = (Actual hours × Actual rate) − (Actual hours × Standard rate)= ${{[a(7)]:#,###}} − ({{[a(6)]:#,###}} hours × ${{[a(3)]:#,###.00}} per hour)= ${{[a(7)]:#,###}} − ${{[a(9)]:#,###}}= ${{[a(11)]:#,###}} UnfavorablePower:Variable overhead rate variance = (Actual hours × Actual rate) − (Actual hours × Standard rate)= ${{[a(8)]:#,###}} − ({{[a(6)]:#,###}} hours × ${{[a(4)]:#,###.00}} per hour)= ${{[a(8)]:#,###}} − ${{[a(10)]:#,###}} = ${{[a(12)]:#,###}} Favorable