The total overhead variance is the difference between actual overhead costs and overhead costs applied to work done.
a) true
b) false

Answers

Answer 1
The total overhead variance is the difference between actual overhead cost and overhead cost applied to work done is True

Related Questions

You want to adopt a program to improve quality and efficiency within a company. Analyze four quality-control tools (Lean principles, 5S principles, Six Sigma, and Total Quality Management). Next, discuss which tool you would select to implement at a business. Justify your response.

Answers

Answer:

Please find the complete question in the attached file.

Explanation:

The closeness to the next airport and railway station, all possible benefits of a location, prices as well as brand value of the location are required to choose the ideal company location.

Choosing SEZ's truly trade community is the best way to do the company because it offers availability and accessibility to the airport as well as all business centers.

Quality management where quality improvement is indeed the primary requirement and the best quality is measured. To improve quality overall, one must embrace it.

Its error rate is the minimum and the result is of the greatest durability, sturdiness, and value perception. Complete such as Agile, Kaizen, supply chain, and inventory control are available.

Item 4 A coupon bond that pays interest annually has a par value of $1,000, matures in seven years, and has a yield to maturity of 9.3%. The intrinsic value of the bond today will be ______ if the coupon rate is 8.5%.

Answers

Answer:

$960.138

Explanation:

Calculation to determine what The intrinsic value of the bond today will be if the coupon rate is 8.5%.

Using financial calculator to determine intrinsic value of the bond today

FV = $1000

PMT =8.5%*$1,000=$85

n = 7 years

i = 9.3%

PV=?

Hence,

PV = $960.138.

Therefore The intrinsic value of the bond today will be $960.138 if the coupon rate is 8.5%.

All sales are on account. 35% of the sales are collected in the month of sale, 45% in the following month, the remainder in the second following month. Budgeted sales for Jan., Feb., Mar. are $50,000; $60,000; $40,000. How much cash is collected in March

Answers

Answer:

Total cash collection March= $51,000

Explanation:

Giving the following information:

All sales are on account.

35% of the sales are collected in the month of sale, 45% in the following month, the remainder in the second following month.

Cash collection March:

Sales on account from March= (40,000*0.35)= 14,000

Sales on account from February= (60,000*0.45)= 27,000

Sales on account from January= (50,000*0.2)= 10,000

Total cash collection March= $51,000

Hot Topic has a policy of promoting from within. If Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience ___, even if they are not chosen for promotion.
a. procedural justiceb. interactional justicec. equityd. positive inequitye. distributive justice

Answers

Answer:

a. procedural justice

Explanation:

Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.

Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion

When leaders of an organization compete and debate for scarce resources. They are operating within which frames of reference?

Answers

SAJDJKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKDSAAAAAAAAAAAAA

You made a $500,000 loan at 10% interest when the CPI was 120. The loan was repaid five years after that, when the CPI was 130. Assume the tax on interest income is 20%. Calculate the tax you owe the government.

Answers

Answer:

10000 before inflation, 10833 after inflation

Explanation:

P = 500000

1 = 10%

Interest calculated = 500000x0.1

= $50000

20%x50000 = $10000

Rate of inflation = (130-120)/120 = 0.833

0.833x100%

= 8.333%

What has to be paid to government

= 10000+(8.333*10000)

= 10833

Before inflation, you owe $10000

After inflation you owe $10833

Chris Anderson bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through the dealer at an APR of 8.6 percent for four years. What is the effective annual interest rate (EAR) if the loan payments are made monthly

Answers

0.111 annual interest rate pay. Made monthly

Chris Anderson bought a Honda Civic for $17,345. He put down $6,000 and financed the rest through the dealer at an APR of 8.6 percent for four years.  The effective annual interest rate (EAR) if the loan payments are made monthly as calculated below.

The formula to find the monthly interest rate (MIR) from the annual percentage rate (APR) is as follows,

[tex]MIR = (1 + APR)^(1/12) - 1[/tex]

Given,

APR = 8.6 percent,

we convert it to a decimal by dividing by 100:

APR = 8.6% = 0.086

Now, calculate the Monthly Interest Rate (MIR),

[tex]MIR = (1 + 0.086)^(1/12) - 1[/tex] = 0.006997

To convert the MIR to EAR, we use the following formula.

[tex]EAR = (1 + MIR)^12 - 1[/tex]

Now, calculate the EAR,

[tex]EAR = (1 + 0.006997)^12 - 1[/tex]

=0.0851 or 8.51%

Therefore, the effective annual interest rate (EAR) for the loan with an APR of 8.6 percent where the payments are made monthly is approximately 8.51%

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Necesito un susario de la uanl de aspirante con admisión rechazada

Answers

Answer:

ta bueno pue

Explanation:

You have a project that has an initial cash outflow of -$20,000 and cash inflow of $6,000, $5,000, $4,000, and $3,000, respectively, for the next four years. If the required return is 12 percent, what is the IRR of the project? The NPV?

Answers

Answer:

IRR= -4.57%

NPV= -5,903.21

Explanation:

Giving the following information:

Cf0= -20,000

Cf1= 6,000

Cf2= 5,000

Cf3= 4,000

Cf4= 3,000

Rate of retun= 12%

To calculate the project IRR and NPV, we need to use the financial calculator:

Function= Cash

I%= 12

1= -20,000

2= 6,000

3= 5,000

4= 4,000

5= 3,000

IRR= SOLVE = -4.57%

Now, back to I%= 12;

NPV= SOLVE = -5,903.21

The Panama Canal has completed a tremendous expansion the will allow nearly double the capacity than previously available. What are the benefits and challenges from this expansion

Answers

Answer:

The answer is below

Explanation:

There are various benefits and challenges from the Panama Canal expansion

Some of the Benefits are:

1. There will be rapid growth in the trading activities within the Caribbean region

2. Pacific-Atlantic trade will increase generally, which will benefit the stakeholders and countries within the area including their seaports in terms of high concentration of goods, lower cost, and rapid circulation

Some of the Challenges are:

1. The need to adjust to logistical and services platforms by the Caribbean countries

2. How the stakeholders and countries around the region support and absorb the tremendous increase that is expected in the mobilization of containers.

Some portion of fixed assets and the nonseasonal portion of current assets are financed with long-term capital, and all seasonal needs of current assets and the remaining portion of fixed assets are financed with short-term loans. Which current asset financing policy is consistent with this statement

Answers

Answer: Aggressive approach

Explanation:

With an Aggressive approach to financing, the management is trying to take advantage of the fluctuations in interest rates by using short term loans to finance some parts of fixed assets as well as current assets. This is what is happening here so the management must be using aggressive financing.

This is unlike the conservative approach where fixed assets are financed with long term financing like stocks and bonds with the logic being that both of them have similar lifetimes and so will supply adequate cashflow for the payment of interest overtime.

according to investment digest (diversification and the risk/reward relationship, winter 1994, 1-3), the mean of the annual return for common stocks from 1926 to 1992 was 16.5% and the standard deviation of the annual return was 19%.what is the probability that the stock returns are greater than 17%.

Answers

Answer:

0.488

Explanation:

Mean annual return for common stocks = 16.5%

standard deviation of annual return = 19%

Determine the probability that the stock returns are greater than 17%

P ( Stock returns > 17% )

stock returns = x

= 1 - p ( x - μ / 6  <  17 - 16.5 / 19 )

∴ 1 - p ( Z < 0.03 )

= 1 - 0.5120 = 0.488

HELPPPPPPPPP During a busy morning, you decide to buy a 35$ Starbucks coffee (Hey, I do not judge) instead of making one on your own at home. Which of the following represents the opportunity cost of your decision?

a
Going to Starbucks
b
The tax paid on the bill
c
The coffee
d
The benefits of something else that you could have bought

Answers

Answer:

A

Explanation:

because you lost yo chance of making it at home by deciding to go out and buy a $35 cup of coffee

A part of financial report of company Z is given below. Calculate days of supply for company Z.

Value of finished goods on-hand $2,930
Value of production materials on-hand $1,640
Value of work-in-process inventory $710
Cost of goods sold $12,500
Net revenue $24,800

a. More than 0 but less than or equal to 60
b. More than 60 but less than or equal to 100
c. More than 100 but less than or equal to 140
d. More than 140 but less than or equal to 200 More than 200

Answers

Answer:

Company Z

The days of supply for Company Z are:

d. More than 140 but less than or equal to 200

Explanation:

a) Data and Calculations:

Value of finished goods on-hand $2,930

Value of production materials on-hand $1,640

Value of work-in-process inventory $710

Total inventory = $5,280

Cost of goods sold $12,500

Net revenue $24,800

Days of Supply = Average Inventory/Cost of goods sold * 365

= $5,280/$12,500 * 365

= 154.2 days

b) The Inventory Days of Supply for Company Z or Days Inventory Outstanding" or Inventory Period measures the average number of days Company Z holds its inventory before selling it. As an efficiency ratio, the ratio measures the number of days Company Z's funds are held up in inventory before actual sales to customers.

Nathan's Athletic Apparel has 2,000 shares of 6%, $100 par value preferred stock the company issued at the beginning of 2020. All remaining shares are common stock. The company was not able to pay dividends in 2020, but plans to pay dividends of $25,000 in 2021.
Required:
Assuming the preferred stock is cumulative and noncumulative, how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021?

Answers

Answer:

Cumulative Noncumulative

Preferred Dividend 2021 $12,000 $12,000

Preferred Dividend in arrears for 2020

$12,000 $0

Remaining dividend for common Stock holders $1,000 $13,000

Explanation:

Calculation to determine how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021

First step is to calculate the Dividend to be paid to preferred stock holders

Dividend to be paid to preferred stock holders=(2000*$100)*6%)

Dividend to be paid to preferred stock holders=$12,000

Now let determine how much of the $25,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2021

CUMULATIVE NONCUMULATIVE

Preferred Dividend 2021 $12,000 $12,000

Preferred Dividend in arrears for 2020

$12,000 $0

Remaining dividend for common Stock holders $1,000 $13,000

($25,000-$12,000+$12,000=$1,000)

($25,000-$12,000=$13,000)

Total Dividend $25,000 $25,000

impact of population growth on environmental degradation​

Answers

Answer:

Explanation:

Population growth may be described in simple terms as the rate at which the number of people residing in a particular country is increasing or multiplying. Some states or countries have a higher population figure than the other and also higher rate of growth. As population increases, the resources available to people in that community suffers as the burden will also grow. The environment also will also take its own share of the effects as overcrowding seems to creep in together with increased burden on environmental resources and infrastructure. If proactive measures aren't taken in other to boost resources and infrastructure as indaquate handling of population growth will almost always result in environmental and infrastructure degradation or decline.

Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:
Aug.1 Inventory on hand—2,500 units; cost $6.60 each.
8 Purchased 12,500 units for $6.00 each.
14 Sold 10,000 units for $12.50 each.
18 Purchased 7,500 units for $5.20 each.
25 Sold 9,000 units for $11.50 each.
28 Purchased 4,500 units for $5.80 each.
31 Inventory on hand—8,000 units.
Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using last-in, first-out (LIFO).

Answers

Answer:

Please find the complete solution in the attached file.

Explanation:

my sister (laugh) at my story

Answers

Answer:

no

Explanation:

Answer:

My sister laughed at my story.

Explanation:

In a newsvendor model, if underage cost is three times overage cost and the seller orders the optimal quantity, then the probability that demand is less than or equal to the stocking level is:

Answers

Answer: 75%

Explanation:

The probability that demand is less than or equal to the stocking level will be calculated thus:

Underage Cost (Cu) will be given as:

= 3 × Overage Cost(Co) = 3Co

Critical Ratio for seller is given as:

= Cu/(Co+Cu)

= 3Co/(Co + 3Co)

= 3Co / 4Co

= 75%

= 0.75

Therefore, the answer is 75%.

At the beginning of the year, a company estimated a predetermined plantwide overhead rate of $8.50 per machine-hour. Job X used 16 machine-hours and it was charged $200 and $288 for direct materials and direct labor, respectively. What is the total job cost for Job X?

Answers

Answer:

Total cost= $624

Explanation:

Giving the following information:

Predetermined plantwide overhead rate= $8.50 per machine hour.

Job X:

Number of machine hours= 16

Direct materials= $200

Direct labor= $288

First, we need to allocate overhead to Job X:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 8.5*16

Allocated MOH= $136

Now, the total cost:

Total cost= 136 + 200 + 288

Total cost= $624

On January 1, 2021, Legion Company sold $300,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $265,590, priced to yield 12%. Legion records interest at the effective rate. Legion should pay cash interest for the six months ended June 30, 2021, in the amount of:

Answers

Answer:

$15,000

Explanation:

Calculation to determine what Legion should pay as cash interest for the six months ended June 30, 2021

Cash interest for the six months ended June 30, 2021 =$300,000*10%*6/12

Cash interest for the six months ended June 30, 2021=$15,000

Therefore Legion should pay cash interest for the six months ended June 30, 2021, in the amount of $15,000

our economists estimate that citizens in our country have an mpc of 0.75. To increase GDP by $800 how much should we increase government spending

Answers

Answer: $200

Explanation:

From the information given, since the MPC is 0.75 and the change in GDP is $800, the change in the government spending will then be:

$800 = 1/(1 - 0.75) × ∆G

$800 = 1/0.25 × ∆G

$800 = 4 × ∆G

∆G = $800/4

∆G = $200

The government spending will be increased by $200

The government spending should be increased by $200

What is Gross domestic product?

Gross domestic product (GDP) refers to the total market value of goods and services that is produced in a country's during a period of time.

Given the above information, since the MPC is 0.75 and the change in GDP is $800,

The change in the government spending will then be:

$800 = 1  / (1 - 0.75) × ∆G

$800 = 1 / 0.25 × ∆G

$800 = 4 × ∆G

∆G = $800/4

∆G = $200

The government spending should be increased by $200

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what are expansionary ficalpolicy? Contrationary fiscal policy, What do you mean by automatic stabilizer?



subject Macroeconomics, please please help...

Answers

Answer:

Here is your answer : )

Explanation:

Contractionary fiscal policy means when the government taxes more than it spends.

Expansionary fiscal policy means when the government spends more than it taxes.

Automatic stabilizers means features of the tax and transfer systems that temper the economy when it overheats and stimulate the economy when it slumps without direct intervention by policymakers.

Hope it helps you

Match each marketable security with its description. (a) Eurodollar deposit (b) Banker's acceptance (c) Federal agency issue (d) Commercial paper (e) Repurchase agreement (f) Treasury bill (g) Money market mutual fund (h) Negotiable certificate of deposit (i) Treasury note 1. ________ A short term, unsecured promissory note issued by a corporation. 2. ________ An obligation of the U.S. Treasury with common maturities of 91 to 182 days. 3. ________ A portfolio of marketable securities. 4. ________ An arrangement whereby a bank or securities dealer sells specific marketable securities to a firm and agrees to purchase them in the future. 5. ________ An obligation of the U.S. Treasury with mutual maturities of between one and seven years. 6. ________ Negotiable instrument evidencing the deposit of a certain number of dollars in a commercial bank. 7. ________ An instrument issued by the Federal National Mortgage Association. 8. ________ Funds deposited in banks located outside the U.S. and denominated in U.S. dollars. 9. ________ Short term credit arrangement used by businesses to finance transactions with foreign countries or firms with unknown credit capacities.

Answers

Answer: See explanation

Explanation:

1. A short term, unsecured promissory note issued by a corporation. = Commercial paper

2. An obligation of the U.S. Treasury with common maturities of 91 to 182 days. = Treasury bill

3. A portfolio of marketable securities. = Money market mutual fund

4. An arrangement whereby a bank or securities dealer sells specific marketable securities to a firm and agrees to purchase them in the future. = Repurchase agreement

5. An obligation of the U.S. Treasury with mutual maturities of between one and seven years. = Treasury note

6. Negotiable instrument evidencing the deposit of a certain number of dollars in a commercial bank. = Negotiable certificate of deposit

7. An instrument issued by the Federal National Mortgage Association. = Federal agency issue

8. Funds deposited in banks located outside the U.S. and denominated in U.S. dollars. = Eurodollar deposit

9. Short term credit arrangement used by businesses to finance transactions with foreign countries or firms with unknown credit capacities = Banker's acceptance.

Why doesn’t the fact that the "inflation solution" is only a temporary solution stop many developing countries from using it? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. check all that apply Governments often feel that they must increase government expenditures or be voted out of office.unanswered The "inflation solution" can be a permanent solution if done correctly.unanswered Central banks in developing countries often do not enjoy full independence, and are used by corrupt governments to finance deficit spending.unanswered Governments act to maintain their positions in power, and often feel that in order to do so, they have no choice but to print more money.unanswered The government is the only actor in the economy that gains from an inflation tax.unanswered

Answers

Answer:

Government often feel that they must increase government expenditures or be voted out of office.

Central banks in developing countries often do not enjoy full independence, and are used by corrupt government to finance deficit spending.

Explanation:

Inflation is the decline in purchasing power of a currency. The increase in inflation lead to less spending. Government increase inflation to cease increased money flow in the country. The prices of goods and services are increase in the country when inflation increases.

Find the present value of $3,900 under each of the following rates and periods: (Round your final answer to the nearest penny.) a. 8.9 percent compounded monthly for five years. Present value $ b. 6.6 percent compounded quarterly for eight years. Present value $ c. 4.3 percent compounded daily for four years. Present value $ d. 5.7 percent compounded continuously for three years. Present value $

Answers

Answer:

(a) 8.9 percent compounded monthly for five years is $2,503.32.

(b) 6.6 percent compounded quarterly for eight years is $2,310.09.  

(c) 4.3 percent compounded daily for four years is $3,283.75.  

(d) 5.7 percent compounded continuously for three years is $3,287.05

Explanation:

The Present Value is calculated by using:-

Present Value = Future Value / (1 + r)n  

Here, r is the Interest Rate and n is the number of periods.

(a). 8.9 percent compounded monthly for five years:-  

Future Value = $3,900  

Interest Rate (r) = 0.741667% [8.90% / 12 Months])  

Number period (n) = 60 Years [5 Years x 12]  

Present Value = Future Value / (1 + r)n

 [tex]= $3,900 / (1 + 0.00741667)60\\= $3,900 / 1.5579298\\= $2,503.32[/tex]

(b). 6.6 percent compounded quarterly for eight years:-  

Future Value = $3,900  

Interest Rate (r) = 1.65% [6.60% / 4]  

Number period (n) = 32 Years [8 Years x 4]  

Present Value = Future Value / (1 + r)n  

[tex]= $3,900 / (1 + 0.0165)32\\= $3,900 / 1.688248\\= $2,310.09[/tex]  

(c). 4.3 percent compounded daily for four years  

Future Value = $3,900  

Interest Rate (r) = 0.0117808% [4.30% / 365 Days]  

Number period (n) = 1460 Years [4 Years x 365 Days]  

Present Value = Future Value / (1 + r)n  

[tex]= $3,900 / (1 + 0.000117808)1460\\\\= $3,900 / 1.187665\\\\= $3,283.75[/tex]  

(d). 5.7 percent compounded continuously for three years  

Future Value = $3,900  

Interest Rate (r) = 0.0156164% [5.70% / 365 Days]  

Number period (n) = 1095 Years [3 Years x 365 Days]  

Present Value = Future Value / (1 + r)n  

[tex]= $3,900 / (1 + 0.000156164)1095\\= $3,900 / 1.1864749\\= $3,287.05[/tex]

Explain how the SAP system records the accounting entries into the general ledger for accounts receivable (which gets the direct posting, which gets the indirect posting, how they stay in balance).

Answers

Answer:

The SAP system records the accounting entries directly into individual customer accounts in the Accounts Receivable sub-ledger of the General Ledger and records the transactions indirectly into the Accounts Receivable Control Account in the General Ledger.

As each entry posted to an individual customer's account is also posted to the Accounts Receivable Control Account on the same side, the two accounts are always in balance.  The corresponding entries are made in the right General Ledger account once.  

When balances are extracted, the sub-ledger Accounts Receivable for individual customers are not extracted, but the Control Account balance is extracted for the Trial Balance.

Explanation:

As an integral part of sales management, the SAP maintains an Accounts Receivable sub-ledger for recording and managing accounting data of all customers.  The postings in the Accounts Receivable component are also recorded indirectly in the Accounts Receivable Control Account in the General Ledger.

Hadley Company is considering the disposal of equipment that is no longer needed for operations. The equipment originally cost $600,000 and accumulated depreciation to date totals $460,000. An offer has been received to lease the machine for its remaining useful life for a total of $290,000, after which the equipment will have no salvage value. The repair, insurance, and property tax expenses that would be incurred by Hadley on the machine during the period of the lease are estimated at $75,800. Alternatively, the equipment can be sold through a broker for $230,000 less a 10% commission. Required: Prepare a differential analysis report, dated June 15. Use a minus sign to indicate costs or a negative impact on income. Below the report, indicate whether the equipment should be leased or sold.

Answers

Answer and Explanation:

The preparation of the differential analysis report is presented below:

Particulars    Lease Equipment   Sell Equipment  Differential Effect on Income

                       (Alternative 1)               (Alternative 2)           (Alternative 2)

Revenues           $290,000                  $230,000              ($60,000)

Less: Costs      -$75,800                        $23,000               ($52,800)

                                           (10% of $230,000)

Income (Loss) $214,200                          $207,000            ($7,200)

Based on the above report, the equipment should be leased as it generated more profit as compared to sell of an equipment

A person who establishes a trust is known as the __________ , whereas the person who is entitled to the income and other distributions from the trust is known as the ___________. g

Answers

Answer:

grantor; trustee

Explanation:

A trust can be defined as a fiduciary relationship between two party in which one of the parties referred to as a grantor (trustor) grants another party known as the trustee, the express permission, right or authority to hold title to assets or properties for the benefit of a third party. Also, this third party is typically referred to as a beneficiary.

This ultimately implies that, a grantor typically refers to an individual or person that establishes a trust while the person (individual) who is entitled to the income and other distributions as a beneficiary from the trust is generally referred to as the trustee.

In conclusion, a trust refers to a fiduciary entity that is mainly focused on holding and administering a corpus for other individuals or third parties (beneficiaries).

An analyst gathered the following information about a company: 01/01/04 - 50,000 shares issued and outstanding at the beginning of the year 04/01/04 - 5% stock dividend 10/01/04 - 10% stock dividend What is the company's weighted average number of shares outstanding at the end of 2004

Answers

Answer:

Company A

The company's weighted average number of shares outstanding at the end of 2004 is:

= 53,188 shares.

Explanation:

a) Data and Calculations:

Date        Description                               Weight    Weighted Average

01/01/04 - 50,000 shares issued

 and outstanding                                      12/12     = 50,000

04/01/04 - 5% stock dividend (2,500)      9/12     =     1,875

10/01/04 - 10% stock dividend (5,250)     3/12      =     1,313

Total weighted average number of shares =          53,188

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