Tina Company manufactures pans. Below is the information related to its direct material costs:
Standard amount of hours per pan 1.7
Standard cost per hour $15.9
Actual amount of hours per pan 2.7
Actual cost per hour $16.4
Actual number of pans produced and sold 1,394
Tinas direct labor spending variance is $__________
Question 4 O out of 0.2 points Tina Company manufactures pans. Below is the information related to its direct material costs: Standard amount of hours per pan 1.7 Standard cost per hour $15.9 Actual amount of hours per pan 2.7 Actual cost per hour $16.4 Actual number of pans produced and sold 1,394 Tina's direct labor spending variance is $ Indicate the amount and whether it is Favorable or Unfavorable by placing For U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F Question 5 0 out of 0.2 points Yang's standard labor cost of producing one unit of Product One is 1.7 hours at a rate of $11.1 per hour. During August, 2,507 hours were incurred at a cost of $12.8 per hour to produce 1,188 units of Product One. Yang's direct labor efficiency variance is $ Indicate the amount and whether it is Favorable or Unfavorable by placing For U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F. Show your answer as an absolute number (no negative signs) You plan to retire in 40 years. Assume you are able to earn 10 percent interest on your investments Factors to use for n=40, 1 =10% (DO NOT USE ANY OTHER FACTORS OR EQUATIONS) Future Value of $1 45.259 Future Value of an Annuity of $1 442.59 Present Value of $1 .022 Present Value of an Annuity of $1 9.779 If you invest $2,500 each year for the next 40 years, how much will you have when you retire? Question 7 O out of 0.2 points You purchase a home for $240,000 that you expect to appreciate 8% in value on an annual basis. How much will the home be worth in ten years? Factors to use for n=10, 1 =8% (DO NOT USE ANY OTHER FACTORS OR EQUATIONS) Future Value of $1 2.15892 Future Value of an Annuity of $1 14.48656 Present Value of $1 0.46319 Present Value of an Annuity of $1 6.71008 Question 8 O out of 0.2 points You deposited $8,300 in a savings account. The account will earn 10 percent annual compound interest, which will be added the fund balance at the end of each year. FACTORS OR EQUATIONS). Factors to for n=10, 1 =10% (DO NOT USE Future Value of $1 2.59374 Future Value of an Annuity of $1 15.93742 Present Value of $1 0.38554 Present Value of an Annuity of $1 6.14457 What is the total interest earned for the 10 years
