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Problem - Direct labor variances - Each toy car produced by the May Company requires 0.35 standard direct labor hour. Each labor hour has a standard rate of $16 per hour. Actual production information is as follows:
Volume: 800 toy cars
Actual labor rate: $16.50 per hour
Actual direct labor hours per car: 0.32 hours
Actual total direct labor hours: 256 hours (800 cars x 0.32 hours)
Required - Determine the direct labor rate variance, direct labor time variance, and the direct labor cost variance.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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