Answer:
Part a
Production report for March for the Mixing Department
Units Costs
Input
Opening Inventory 1.200 $17,130
Started during the period 10.600 $374,390
Total 11.800 $391,520
Output
Completed and transferred 10.900 $365,150
Ending Work In Process 900 $26,370
Total 11.800 $391,520
Part b
Debit : Work in Process - Finishing Department $365,150
Credit : Work in Process - Finishing Department $365,150
Part c
Production report for March for the Finishing Department
Units Costs
Input
Transferred 10.900 $365,150
Opening Inventory 600 $57,210
Started during the period 0 $542,200
Total 11.500 $964,560
Output
Completed and transferred 11.000 $933,130
Ending Work In Process 500 $31,375
Total 11.500 $964,560
Part d
Debit : Finished Goods Inventory $933,130
Credit : Work In Process - Finishing Department $933,130
Part e
Work-in-Process Inventory T-accounts for the Mixing Department
Units Costs
Debit
Opening Inventory 1.200 $17,130
Cost incurred 10.600 $374,390
Total 11.800 $391,520
Credit
Completed and transferred 10.900 $365,150
Ending Work In Process 900 $26,370
Total 11.800 $391,520
Work-in-Process Inventory T-accounts for the Finishing Department
Units Costs
Debit :
Transferred 10.900 $365,150
Opening Inventory 600 $57,210
Started during the period 0 $542,200
Total 11.500 $964,560
Credit :
Completed and transferred 11.000 $933,130
Ending Work In Process 500 $31,375
Total 11.500 $964,560
Part f
Cost of Goods Sold is a direct cost related to sale of goods. In process costing it is difficult to accurately value this amount since it contains the average cost. this means that units never sold would have been included in the calculation of the cost of goods sold.
Explanation:
It is important to first calculate the equivalent cost unit in each department to be able to solve the question. Calculations of equivalent units are shown below :
Mixing Department
Equivalent Units :
Conversion costs = 900 x 80% + 10,900 = 11,620
Material costs = 900 + 10,900 = 11,800
Equivalent Units Costs
Conversion = ($2,250 + $140,000 + $101, 770) ÷ 11,620 = $21.00
Material costs = ($14,880 + $132,600) ÷ 11,800 = $12.50
Finishing Department
Equivalent Units :
Process 1 = 11.000 + 500 = 11.500
Conversion costs = 500 x 40% + 11.000 = 11,200
Material costs = 11.000 + 500 = 11.500
Equivalent Units Costs
Process 1 = ($44,250 + $365,150) ÷ 11.500 = $35.60
Conversion = ($12,960 + $250,000 + $149,200) ÷ 11,200 = $36.80
Material costs = ($0 + $143,000) ÷ 11,500 = $12.43
Which of the following is/are inconsistent with the semi-strong form of the efficient market hypothesis? [I] Significant non-random price movements [II] Price overreaction to the public release of new information [III] Superior performance of professional traders [IV] Abnormal profits from illegal insider trading
A. I and III
B. II and IV
C. I and II
D. All are inconsistent with the semi-strong form of the EMH
Answer:
C. I and II
Explanation:
Semi strong form of efficient market hypothesis is a situation where stock prices adjust quickly to any new public information that circulates in the market. It assumes that stock prices incorporates the effect of all information which is publicly available in the market.
Calculate Tax Rate in Decimal Form (6 decimal places)
City: Reese
Total Assessed Value: $48,000,000
Budget required: $895,000
Answer:
the tax rate in decimal places is 0.018645
Explanation:
The computation of the tax rate in decimal places is shown below;
tax rate is
= Required budget ÷ Total assessed value
= $895,000 ÷ $48,000,000
= 0.018645
hence, the tax rate in decimal places is 0.018645
Simply divide the required budget from the total assessed value in order to get the tax rate
As you learned more and more about the complexity of the HRM role, what do you view as the most challenging aspect of HRM in the international context? How do you view the impact of expatriates on your role in HRM?
Answer:
The interpretation including its question would be characterized in the explanatory segment elsewhere here.
Explanation:
(a)
The cultural divide is perhaps the most compelling as that of the complexities of corporation dramatically change in something like a foreign environment. Besides example, a thumbs-up gesture, which would be a complimentary sign throughout the West as well as the US, seems to have a different meaning in several other cultural groups and therefore is construed as bad-mannered throughout Asian countries like Thailand, whereby the significance has been less than that of trying to stick someone's hard to both the West.(b)
The negative effect of ex-pats mostly on the position of HRM would be that individuals start making the importance of HRM so much enlightening. The HR seems to be essential for safeguarding expatriates and then for the HR to safeguard foreign nationals, this should understand the ways of foreign residents such that the HR could even start educating other staff mostly on cultural values of migrants.Give an example of one good or service produced in the United States using the command model. Justify your example using research (where did you find this).
Answer:
An example of production under the command system in the United States is that of the production of roads and passable roads throughout the nation. In this case, it is the production of a public service, and as such it is controlled by the government in all stages of its production: from the identification of the need, through the tender, the construction authorization and the supervision of the results, everything is controlled by the government. This implies that individuals or private companies cannot by their own initiative create this type of road, but rather depend exclusively on the will of the government.
The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as
Select one:
a. Fiscal neutrality.
b. Inflation.
c. Complete crowding out
d. A recession.
= Complete crowding out
Answer: The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as
Select one:
a. Fiscal neutrality.
b. Inflation.
c. Complete crowding out
d. A recession.
Explanation:
The situation in which expansionary fiscal policy does not lead to a rise in aggregate output is referred to as complete crowding out.
What is fiscal policy?A fiscal policy refers to the use of government spending and policies for influencing economic conditions.
The situation in which expansionary fiscal policies do not lead to a rise in aggregate output is referred to as complete crowding out.
Therefore, C is the correct option.
Learn more about fiscal policy here:
https://brainly.com/question/27250647
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During 2018, Raines Umbrella Corp. had sales of $810,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $135,000, respectively. In addition, the company had an interest expense of $91,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $55,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt
Answer:
$6,000
Explanation:
The computation of the net new long term debt is as follows:
But before that following calculations to be done:
Sales $810,000
Less: COGS ($580,000)
Less: S&A Expenses ($90,000)
Less: Depreciation ($135,000)
EBIT $5,000
Less: Interest ($91,000)
Taxable Income ($86,000)
Less: Taxes(21%) $0
Net Income(loss) ($86,000)
Now
OCF = EBIT + Depreciation - Taxes
= $5,000 + $135,000 - $0
= $140,000
Change in NWC = Net capital spending = Net new equity = 0
Cash flow from assets = OCF - Change in NWC - Net capital spending
= $140,000 - $0 - $0
= $140,000
Cash flow to stockholders = Dividends - Net New Equity
= $55,000 - $0
= $55,000
Cash flow to creditors = Cash flow from assets - Cash flow to stockholders
= $140,000 - $55,000
= $85,000
Cash flow to creditors = Interest - Net new LTD
$85,000 = $91,000 - Net new LTD
So,
Net new LTD is
= $91,000 - $85,000
= $6,000
A firm has provided you with the following information:
Output 30
Variable Cost $1,900
Fixed Cost $120
Marginal Cost $50
Price $50
a. What is the firm's short-run profit if they produce using the MC=MR rule?
b. What is the firm's short-run profit if they produce nothing?
c. What will be the firm's production decision in the short-run?
1. Shutdown
2. Exit
3. Operate
Answer:
(a) Output produced = 30 , Price = $50
Total revenue = Output produced * Price = 30 units * $50 = $1,500
Total Cost= Variable cost + Fixed cost = $1900 + 120 = $2020
At profit maximization or loss minimization point, MR = MC.
Corresponding to an output level of 30, MR=MC =$50
Note: Price is constant at $50. So, the marginal revenue will be $50 at each level of output
Profit = Total revenue - Total Cost.
Profit = $1500 - $2020
Profit = -$520.
The firm's short-run profit is -$520 if they produce using MR=MC.
(b) If a firm produces nothing, then a firm has to bear a fixed cost of $120. It means there is a loss of $120 or a profit of -$120. So, short-run profit is -$120 if they produce nothing.
(c) In the short run, if the firm produces then bear a loss of $520. if a firm produces nothing then bear a loss of $120. So, it is better to shut down the production in the short run in order to minimize the loss of the firm.
Smith Company had the following on the dates indicated:
12/31/16 12/31/16
Total Assests $60,000 $330,000
Total Liabilities 35,000 25,000
Smith had no stock transactions in 2016; thus, the change in stockholders' equity for 2016 was due to net income and dividends. If dividends were $70,000, how much was Smith's net income for 2016? Use the accounting equation and the statement of retained earnings.
a. $220,000
b. $290,000
c. $150,000
d. $360,000
Answer: b. $290,000
Explanation:
Assets = Liabilities + Equity
Change in Assets = Change in liabilities + Change in Equity
560,000 - 330,000 = 35,000 - 25,000 + Change in equity
230,000 = 10,000 + Change in equity
Change in Equity = 230,000 - 10,000
= $220,000
Retained earnings = Change in equity + dividends
= 220,000 + 70,000
= $290,000
Assume the economy of Ucheland is currently at full employment. The government of Ucheland reduces the tax rate on household interest earnings.
a. What will happen to private savings in Ucheland?
b. Draw a correctly labeled graph of the loanable funds market, and show the effect of the change in private savings identified in part (a) on the equilibrium real interest rate.
Answer:
a) since the tax rate oh household interest earnings increases, the number of households that will save money will increase, and the households that were already saving money might increase the amount saved. As a result, private savings will increase in Ucheland.
b) see attached image
A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used car if additional costs include $100 for transportation-in. $170 for shipping insurance. $800 for car import duties. $140 for advertising. $1,400 for sales staff salaries. $150 for trimming shrubs.
Answer:
$13,070Explanation:
The Cost of inventory = all cost of purchase; including costs of conversion and transfer.
Calculation of Inventory Cost FOB ship.
Cost of Purchase $12,000
Transportation-in $100
Shipping insurance $170
Car import duties $800
Total Cost $13,070
ICOT Industries issued 15 million of its $1 par common shares for $424 million on April 11, 2012. Legal, promotional, and accounting services necessary to effect the sale cost $2 million.
Required: Show the journal entry to record the issuance. How does this treatment compare to debt issue costs we talked about in chapter 14?
Answer:
Date Account title and Explanation Debit Credit
Apr 11 Cash ($424 million - $2 million) $422,000,000
Common stock $15,000,000
Paid in capital in excess of par value $407,000,000
($422,000,000 - $15,000,000)
(To record the issue of common Stock)
Martin and sons: Job injuries, medical mal practice, and personal injury. Free initial consultation.
Smith and Jones: No fee unless you win your case. Specialize in worker's compensation legal issues
Thorn and Thomas: Employment law, contract negations, and employment safety issues
Williams Attorneys: State and federal unemployment fairness, medical malpractice law suits. Reasonable hour rates plus percentage of settlement.
An employee believes she was injured on the job due to unsafe situation. Based on the advertisement above, which of the following attorneys provides the necessary experience to pursue her claim and would ensure the employee the lowest overall cost.
A. Martine and Sons
B. Smith and Jones
C. Thorn and Thomas
D. Williams Attorneys
Answer: B. Smith and Jones
Explanation:
Based on the information given in the question, the attorneys that provides the necessary experience to pursue her claim and would ensure the employee the lowest overall cost will be Smith and Jones.
From the question, we are informed that Smith and Jones specialize in worker's compensation legal issues and since the employee believes she was injured on the job due to unsafe situation, this implies that the employee would need to be compensated and therefore, the right attorney will be Smith and Jones. They are also cheap when compared to others.
Assume an investor purchases the net assets of an investee for the cash purchase price is $75,600. The investor is willing to purchase the investee's business for this amount because the fair value of PPE is $70,560 and the fair value of a (previously unrecognized) customer list is $15,120 (the fair values of all other assets and liabilities are equal to their book values). The investee company reports the following balance sheet on the acquisition date:
Cash $2,800 Accounts payable $5,600
Accounts receivable 5,600 Accrued liabilities 8,400
Inventories 11,200 -
Current assets 19,600 Current liabilities 14,000
Long-term liabilities 11,200
PPE, net 28,000 Stockholdersâ equity 22,400
Total assets $47,600 Total liabilities and equity $47,600
Required:
Provide the journal entry if the investor pays cash and purchases the assets and assumes the liabilities of the investee company (assume that the fair value of the assets is equal to their book values).
Answer and Explanation:
The journal entry is given below;
Cash $2,800
Account receivable $5,600
Inventories $11,200
PPE $28,000
To Account payable $5,600
To Accrued liabilities $8,400
To Long term liabilities $11,200
To Cash $22,400
(Being the cash is paid is recorded)
Here all the assets are debited as it increased the assets and credited all the liabilities except cash as it increased the liabilities and the remaining balance left would be credited to cash account
On January 1, 2018, Legion Company sold $200,000 of 10% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $177,000, priced to yield 12%. Legion records interest at the effective rate. Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of:
Answer:
$10,620
Explanation:
Calculation for what Legion should report bond interest expense for the six months ended June 30, 2018,
Bond interest expense=(12%/2 semiannually*$177,000)
Bond interest expense=6% × $177,000
Bond interest expense=$10,620
Therefore Legion should report bond interest expense for the six months ended June 30, 2018, in the amount of:$10,620
M.A. was counting on her savings that she invested in Social Security. She doubts that this system will support her because the stock market crashed. She believes that the failure of the stock market, and its lack of recovery is because of poor presidential leadership.
a. True
b. False
Incomplete/unclear question. However, I answered based on what is found in the text.
Answer:
a. True
Explanation:
Based on the text, as part of her plans for old age, M.A was counting on her savings in social security.
And it is also possible for poor presidential leadership to negatively affect stock prices since the executive arm of government (the president) can draft out fiscal policies that could influence the amount of spending in an economy; thereby leading to a lack of recovery in stock prices.
Universal Foods issued 12% bonds, dated January 1, with a face amount of $175 million on January 1, 2018. The bonds mature on December 31, 2032 (15 years). The market rate of interest for similar issues was 14%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method.
Required:
a. Determine the price of the bonds at January 1, 2018.
b. Prepare the journal entry to record their issuance by Universal Foods on January 1, 2018, interest on June 30, 2018 and interest on December 31, 2025.
Answer:
Price of bond issued = $20,305,000 + $115,403,700 = $135,708,700
Explanation:
January 1 2018 ,
Investment in Bond issued by Universal Food (Dr.) $155,000,000
Discount on investment in Bonds issued by Universal Foods (Cr.) $19,291,300
Cash (Cr.) $135,708,700
June 30, 2018,
Cash (Dr.) $9,300,000
Discount in Investment in Bonds by Universal Foods (Dr.) $643,043
Interest Revenue (Cr.) $9,943,043
Dec 31, 2025,
Cash (Dr.) $9,300,000
Discount in Investment in Bonds by Universal Foods (Dr.) $643,043
Interest Revenue (Cr.) $9,943,043
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometers during a year, the average operating cost is 11.4 cents per kilometer. If a truck is driven only 70,000 kilometers during a year, the average operating cost increases to 13.4 cents per kilometer.(The Singapore dollar is the currency used in Singapore.)
Requirement 1:
Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation. (Round the variable cost per kilometer to 3 decimal places. Omit the "$" sign in your response.)
Variable cost per kilometer $
Fixed cost per year $
Requirement 2:
Express the variable and fixed costs in the form Y = a + bX. (Round the variable cost per kilometer to 3 decimal places. Omit the "$" sign in your response.)
Y = $ + $ X
Requirement 3:
If a truck were driven 80,000 kilometers during a year, what total cost would you expect to be incurred? (Omit the "$" sign in your response.)
Total annual cost $
Work done so far:
HIGH :11.4 * 105,000 = 1,197,000
LOW: 13.4 * 70,000 = 938,000
Total Variable cost = 105,000 * 7.4 = 777,000
Fixed cost = 1,197,000 - 777,000 = 420,000
Answer:
1. $0.074 km
2. Total cost = $4,200 + 0.074x
3. $10,120
Explanation:
The computation of the fixed cost and the variable cost per hour using high and low method is seen below
Variable cost per hour = (High operating cost - Low operating cost) ÷ (High driven in kilometers - Low driven in kilometers),
Where,
High operating cost = 105,000 km × 11.4%
= $11,970
Low operating cost = 70,000 km × 13.4%
= $9,380
Hence,
= ($11,970 - $9,380) ÷ (105,000 km - 70,000 km)
= $2,590 ÷ 35,000 km
= $0.074 per km
Now, the fixed cost equal to
= High operating cost - (High driven in kilometers × Variable cost per km)
= $11,970 - (105,000 km × $0.074 )
= $11,970 - $7,770
= $4,200
2. The equation is as seen below;
Y = a + bx
Therefore,
Total cost = $4,200 + 0.074x
3. Y = a + bx
= $4,200 + 0.074 × 80,000
= $4,200 + $5,920
= $10,120
There are four resources and four jobs to be done. Assume there must be one-to-one matching between jobs and resources. The time required for each resource to do each job is as follows:
Job (Hours)
Resource A B C D
1 5 8 7 7
2 4 9 5 9
3 6 9 8 7
4 7 6 6 9
What is the optimal assignment of resources to jobs?
Multiple Choice
1 to A; 2 to C; 3 to B; 4 to D
1 to B; 2 to D; 3 to C; 4 to A
1 to C; 2 to B; 3 to A; 4 to D
1 to D; 2 to B; 3 to C; 4 to A
1 to A; 2 to C; 3 to D; 4 to B
Answer:
1 → A ; 2 → C ; 3 → D ; 4 → B
Explanation:
From the given information, the table can be better structured as follows:
Job (Hours)
Resource A B C D
1 5 8 7 7
2 4 9 5 9
3 6 9 8 7
4 7 6 6 9
From the table, the allocation of resources is based on the minimum number of jobs i.e. time(hours) required to do all four tasks appropriately.
These are 1 → A ; 2 → C ; 3 → D ; 4 → B
Then, the time taken by this process is = (5 + 5 + 7 + 6)
= 23 hours
He's a cat in boots and he don't wear socks but he does his little business in a litter box yes his little business in a litterrrr boxxxxx his business that I will not dicuss (might not know where this is from )
Answer:
what the heck is this?? lol
Explanation:
Alex is a member of a corporate sales team who frequently speaks in front of groups as part of sales presentations. He has now been asked to give a toast at his brother's upcoming wedding. Alex is used to speaking on formal occasions, but is unsure of the best way to deliver a lighter speech. He decides to do a little research before the wedding. Select the statement that describes a strategy Alex could use to deliver a lighter speech.
a. Alex tells a story about his brother that causes his friends and family in the audience to laugh.
b. Alex periodically interrupts his remarks in order to deliver extremely embarrassing jokes about his brother.
c. Alex comprehensively prepares a long statement that he plans to deliver verbatim when it is time for his toast.
d. Alex delivers a detailed outline of the points he would like to address at the start of his toast.
Answer: Alex tells a story about his brother that causes his friends and family in the audience to laugh.
Explanation:
The statement that describes a strategy that Alex could use to deliver a lighter speech will be for Alex to tell a story about his brother that causes his friends and family in the audience to laugh.
It's but proper for Alex to tell an embarrassing joke about his brother. Also, preparing a long statement to be delivered when it's time to toast can make the event boring.
Therefore, the correct option is A.
If Investment A has an effective annual rate (EAR) that is greater than Investment B's EAR, it is possible for Investment A's annual percentage rate (APR) to be less than Investment B's APR.
a. True
b. False
Answer: True
Explanation:
It is indeed possible for Investment A's annual percentage rate (APR) to be less than Investment B's APR but the only way that Investment A can have a higher EAR is if it has more compounding periods in the years.
For instance, assume Investment A has an APR of 25% to be compounded daily and Investment B has an APR of 26% to be compounded semi-annually, their EARs would be:
EAR A = (1 + 25%/365)³⁶⁵ - 1
= 28.4%
EAR B = (1 + 26%/2)² - 1
= 27.7%
Proving that APR can be less but EAR will be more.
Sally received $78,300 of compensation from her employer and she received $540 of interest from a corporate bond. What is the amount of Sally's gross income from these items?
Answer: The amount of sally's gross income from these items is $78,300
Explanation:
Information provided from the question;
Amount received from employer as compensation = $78,300
Amount received as interest from a corporate bond = $540
Gross income is defined as the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. However, the interest income earned from municipal bonds is exempted from all federal income taxes regardless of one's tax bracket. Therefore, the amount of Sally's gross income from these items is $78,300
Can someone plz and answer this, I’m giving 100 points and brainliest!!
1.) What benefits are created when a business exports and sells products globally?
2.) Name the condition created when a nation has more exports than imports.
3.) What are some factors that can influence the exchange rate of currency?
4.) Identify three types of trade barriers used by governments.
5.) What is NAFTA?
Explanation:
5)The North American Free Trade Agreement was an agreement signed by Canada, Mexico, and the United States that created a trilateral trade bloc in North America. Th6e agreement came into force on January 1, 1994, and superseded the 1988 Canada–United States Free Trade Agreement between the United States and Canada...
4)Trade barriers are restrictions on international trade imposed by the government. They either impose additional costs or limits on imports and/or exports in order to protect local industries. There are three types of trade barriers: Tariffs, Non-Tariffs, and Quotas.......
3)Inflation Rates. Changes in market inflation cause changes in currency exchange rates. ...
Interest Rates. Changes in interest rate affect currency value and dollar exchange rate. ...
Country's Current Account / Balance of Payments. ...
Government Debt. ...
Terms of Trade. ...
Political Stability & Performance. ...
Recession. ...
Speculation.
2)A country that imports more goods and services than it exports in terms of value has a trade deficit or a negative trade balance. Conversely, a country that exports more goods and services than it imports has a trade surplus or a positive trade balance..
1)Increasing your sales potential
While importing products can help businesses reduce costs, exporting products can ensure increasing sales and sales potential in general. Businesses that focus on exporting expand their vision and markets regionally, internationally or even globally...
dont forget your promis....I’m giving 100 points and brainliest!!
Answer:
Inflation rates, is the 3rd one I think.
Explanation: I did this is class so I know.
Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow:
Division
Osaka Yokohama
Sales $3,000,000 $9,000,000
Net operating expenses $210,000 $720,000
Average operating assets $1,000,000 $4,000,000
Required:
a. For each divisions, compute the return on investment (ROI) in terms of margin and turnover. (Do not round intermediate calculations.)
b. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 15%. Compute the residual income for each division.
Answer:
1. Rate of Interest = Net operating expenses/Average operating assets
Osaka = $210000/$1000000 = 0.21 = 21%
Yokohama = $720000 / $4000000 = 0.18 = 18%
2. Osaka Yokohama
Average operating assets $1,000,000 $4,000,000
M. required return at 15% $150,000 $600,000
Net operating income $210,000 $720,000
Minimum required return $150,000 $600,000
Residual income $60,000 $120,000
Breakthrough innovations account for ___% in the golden ratio on innovation
Group of answer choices
a. 20
b. 10
c. 5
d. 15
e. 25
13.) An investor is in a 30% combined federal plus state tax bracket. If corporate bonds offer 6% yields, what yield must municipals offer for the investor to prefer them to corporate bonds
Answer:
the yield that must offer for the investor in order to prefer them is 4.2%
Explanation:
The computation is shown below:
The after tax yield is
= Corporate bond yield × (1 - tax rate)
= 6% × (1 - 0.30)
= 6% × 0.70
= 4.2%
hence, the yield that must offer for the investor in order to prefer them is 4.2%
The same is relevant
The American Management Association created a statement of ethics to guide members in the marketing profession
True
False
The following standards for variable manufacturing overhead have been established for a company that makes only one product:
Standard hours per unit of output: 7.8 hours
Standard variable overhead rate: $12.55 per hour
Actual hours: 2,900 hours
Actual total variable manufacturing overhead cost: $36,975
Actual output: 200 units
What is the variable overhead efficiency variance for the month?
a. $17,397 U
b. $16,817 U
c. $312 F
d. $17,085 U
Answer:
b. $16,817 U
Explanation:
Calculation for What is the variable overhead efficiency variance for the month
Using this formula
Variable overhead Efficiency Variance= Standard Rate(Actual Hours - Budgeted Hours)
Let plug in the formula
Variable overhead Efficiency Variance= $12.55 per hour[2,900 hours-(7.8 hours*200 units)]
Variable overhead Efficiency Variance= $12.55 per hour*(2,900 hours-1,560 hours)
Variable overhead Efficiency Variance= $12.55 per hour*1,340 hours
Variable overhead Efficiency Variance=$16,817U
Therefore the variable overhead efficiency variance for the month will be $16,817U
Identify the importance of accounting by selecting the statement that is correct below. Multiple choice question. Accounting information helps users make business and financial decisions. Accounting is a system that identifies, records and communicates an organization's business activities. Accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared.
Answer:
Accounting information helps users make business and financial decisions.
Explanation:
Users of accounting information are divided into :
Internal users External usersInternal users include : owners, managers, employees
External users include : shareholders, tax authority, regulatory bodies
Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.
Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.
The importance of accounting from the statements is A. Accounting information helps users make business and financial decisions.
Why is accounting important ?Accounting plays a crucial role in providing relevant and reliable information to users for making informed business and financial decisions. It involves the identification, recording, and communication of an organization's business activities, which helps users understand the financial health and performance of the entity.
Accounting information is used not only at the end of the year for tax returns and financial statements but also on an ongoing basis to support decision-making, budgeting, forecasting, strategic planning, and evaluating the financial position and performance of the organization.
In conclusion, option A is correct.
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Increase cost and tend to place less
experienced employee in job is due
High rate of:
Select one:
a. Absenteeism
b. Strikes
c. Training
d. Employee Turnover
= Employee Turnover
Answer:
Employee Turnover it is.
Explanation:
A has nothing to do with this.
B only affects one person.
C isnt a negative effect.
Increase cost and tend to place less experienced employee in job is due high rate of Employee Turnover Option(d) is correct.
What is Employee turnover?
With regards to HR, turnover is the demonstration of supplanting a representative with another worker. Partings among associations and representatives might comprise of end, retirement etc.
Employee turnover alludes to the complete number of laborers who leave an organization throughout a specific time span. It incorporates the individuals who exit willfully as well as employees who are terminated or laid off — that is, compulsory turnover. Turnover is not quite the same as steady loss.
Causes incorporate issues with the organization's way of life, its advantages and remuneration structure, its profession way and preparing, administrators and considerably more. High deliberate turnover influences benefit and, frequently, consumer loyalty. On the substantial side, enrolling new people is exorbitant.
When in doubt, employee degrees of consistency of 90% or higher are viewed as great and an organization ought to hold back nothing pace of 10% or less.
Therefore Option(d) is correct.
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