Queen Industries uses a standard costing system in the manufacturing of its single product. It requires 2 hours of labor to produce 1 unit of final product. In February, Queen Industries produced 15,000 units. The standard cost for labor allowed for the output was $86,000, and there was an unfavorable direct labor time variance of $6,000. If the workers were paid $5 per hour, what was the direct labor rate variance ?

The average hourly earnings for a construction worker is projected to be $24.50 in 2012. jason wants to join the construction work force after he graduates in 2012. his friend tells him that average hourly earnings for construction workers will rise by 2% from 2009 to 2012. based on the data below, assuming that the projected hourly earnings are correct, is jason’s friend’s statement accurate? construction industry - average hourly earnings, 2000-2009 a. his friend’s statement is accurate. the average hourly earnings will increase by 2%. b. his friend’s statement is not accurate. the percent increase will be more than 2% c. his friend’s statement is not accurate. the percent increase will be less than 2% d. his friend’s statement is not accurate. the average hourly earnings will decrease

One card is dealt from a 52 card deck. find the probability that the dealt card is a 4 or a black 7

An investment decreases in value by 30% in the first year and decreases by 40% in the second year. what is the percent decrease in percentage in the investment after two years