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2 years ago

The total overhead variance is the difference between actual overhead costs and budgeted overhead costs. True False

Business

1 answer:

disa [49]2 years ago

6 0

The difference between the realized overheads and the estimated overheads is the total overhead cost.

<h3>What are total overhead costs?</h3>

Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.

The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.

Hence, the aforementioned statement regarding total overhead costs holds true.

Learn more about total overhead costs here:

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A company manufactures and sells blank audiocassette tapes. The weekly fixed cost is $10,000 and it costs $0.40 to produce eac

sasho [114]

Answer:

6251 tapes

Explanation:

Given: fixed cost is $10,000.

Variable cost is $0.40 to produce each tape.

Selling price is $2 per tape.

Lets assume number of tapes to be produced and sold be "x"

We know, Total cost= $Fixed\ cost+ Variable\ cost$

∴ Total cost= $10000+ 0.40\times x$

Total cost= $10000+0.40x$

As given, selling price is $2 per tape.

∴ For attaining break even point, Tota cost = Selling price.

$10000+0.40x= 2x$

Solving the equation to find the value of x

⇒ $10000+0.40x= 2x$

Subtracting both side by 0.4x

⇒ $10000= 1.60x$

Dividing both side by 1.60

⇒ $x= \frac{10000}{1.60}$

∴ x= 6250

Hence, number of tapes must be sold and purchased is 6250 to attain break even in the business, however selling one more tapes will get profit is 6251.

4 0

3 years ago

The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and: ____

Artist 52 [7]

Answer:

C)) factory overhead

Explanation:

Manufacturing cost can be regarded as the sum of all the costs resources that is been consumed during the process of making a product. manufacturing cost can be classified as;

✓direct materials cost

✓ manufacturing overhead.

✓direct labor cost

It can be regarded as factor in total delivery cost. Direct Material Cost can be regarded as total cost that is incurred in purchasing of raw material and cost of other components such as packaging, as well as freight and storage costs by the company

It should be noted that The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and factory overhead.

3 0

3 years ago

You own a portfolio that has $3,100 invested in Stock A and $4,200 invested in Stock B. Assume the expected returns on these sto

mina [271]

Answer:

The expected return on portfolio is 14.45%

Explanation:

The expected return on portfolio is the weighted average return of the stocks that form up the portfolio. Thus, the weighted average return can be calculated by multiplying the weights of each stock in the portfolio by their expected return. The formula for portfolio return for a two stock can be written as,

Portfolio return = wA * rA + wB * rB

Where,

w represents the weight of investment in each stock in portfolio as a proportion of total investment in the portfolio
r represents the rate of return

Total investment in portfolio = 3100 + 4200 = $7300

Portfolio return = 3100/7300 * 0.11 + 4200/7300 * 0.17

Portfolio return = 0.1445 pr 14.45%

8 0

4 years ago

Quisco Systems has 6.6 billion shares outstanding and a share price of $18.41. Quisco is considering developing a new networking

bija089 [108]

Answer:

A) EPS will decrease by $0.05 to $0.69

B) EPS will decrease by $0.01 to $0.73

C) The impact on EPS is smaller if the company is acquired. This doesn't mean that it is cheaper to do it that way, but since the EPS is very low, any significant increase in costs will result in steep reduction of EPS. The cheapest way would be to issue new stocks to cover the expenses of developing the new technology.

Explanation:

6.6 billion shares outstanding and a share price of $18.41, current EPS $0.74, total current earnings = $4,884 million

in house development = $498 million will reduce net earnings by $498 x 65% = $323.7 million or $0.05 per share

EPS = $0.74 - $0.05 = $0.69

if Quisco decides to acquire the company, then total shares will increase by $913,000,000 / $18.41 = 49,592,613 shares

total outstanding shares = 6,600,000,000 + 49,592,613 = 6,649,592,613 shares

EPS = $4,884,000,000 / 6,649,592,613 = $0.73

8 0

3 years ago

A ____________is anything offered to a market by the business to satisfy needs, could include physical products or intangible se

andre [41]

Answer:

Product is the correct answer.

Explanation:

7 0

3 years ago