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1 year ago

Compute and interpret the fixed overhead budget and volume variances.

1 answer:

8 0

It can be calculated using the following formula: Fixed Overhead Volume Variance = Applied Fixed Overheads – Budgeted Fixed Overhead. Here, Applied Fixed Overheads = Standard Fixed Overheads × Actual Production.

Volume is a measure of the occupied three-dimensional space. [1] Often quantified numerically using SI units (such as cubic meters and liters) or various imperial units (such as gallons, quarts, and cubic inches). Container volume is generally understood to mean the capacity of the container. That is, the amount of fluid (gas or liquid) the container can hold, rather than the amount of space the container itself moves through.

For simple 3D shapes, you can easily calculate the Volume is a measure of the occupied three-dimensional space. [1] Often quantified numerically using SI units (such as cubic meters and liters) or various imperial units (such as gallons, quarts, and cubic inches). Container volume is generally understood to mean the capacity of the container. That is, the amount of fluid (gas or liquid) the container can hold, rather than the amount of space the container itself moves through.

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In the current year, Norris, an individual, has $52,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,800 and

Tanya [424]

Answer:

The answer is an offset against normal income of $3,000 and a NSTCL move forward of $3,900.

Explanation:

Solution

Given that:

The net short term capital loss=$9800

The net Long term capital gain=$2900

The net short term capital loss is =$6900

Thus

In this case, 3000 is allowed to be set off against ordinary income and the balance of (6900 - 3000) = 3900 can be moved forward or over.

Therefore Norris report implies that an offset against normal income of $3,000 and a NSTCL carry forward of $3,900.

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3 years ago

Baker Corp. is required by a debt agreement to maintain a current ratio of at least 2.5, and Baker's current ratio now is 3. B

Orlov [11]

Answer:

$1.67 Million

Explanation:

Current asset = 15 Million

Current liabiltiy = 15 Million/3

= 5 Million

Let the inventory X can be purchased with short term debt without violation

per current ratio requirement

(15 + x)/5+x = 2.5

15 + x = 12.5 + 2.5x

2.5 = 1.5x

x = $1.67 Million

Therefore, $1.67 Million inventory can Baker purchase without violating its debt agreement if their total current assets equal $15 million

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3 years ago

Walsh Company sells inventory to its subsidiary, Fisher Company, at a profit during 2012. One-third of the inventory is sold by

Ivanshal [37]

Answer:

A. Retained earnings

Explanation:

At the end of the period, the temporary accounts are closed, their balance is transfer to retained earnings, so the COGS and the sales revenue involved in the intra-entity transfer are contained in the retained earnings account

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3 years ago

Which statement is true? Portfolio A dominates portfolio B if: Portfolio A has a higher return that portfolio B Portfolio A has

ra1l [238]

Answer:

The answer is "The last choice"

Explanation:

While comparing 2 assets or portfolio management, the risk of each portfolio and the rates of return of each portfolio should be taken into consideration. Whether the same danger is in the two assets. One should be preferred with both the higher return and one from the lowest risk should be recommended unless the two have the same rate of return. Portfolio A consequently either has a higher return and an at least as low fluctuation as B, or even lower volatility as well as an anticipated return at least as strong as B.

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2 years ago

The proper order of the following steps in the accounting cycle is prepare unadjusted trial balance, journalize transactions, po

photoshop1234 [79]

Answer:

The Accounting Cycle is as follows:

1. Transactions are analyzed and recorded in the journal.

2. Transactions are posted to the ledger.

3. An unadjusted trial balance is prepared.

4. Adjustment data are asssembled and analyzed.

5. An optional end-of-period spreadsheet is prepared.

6. Adjusting entries are journalized and posted to the ledger.

7. An adjusted trial balance is prepared.

8. Financial statements are prepared.

9. Closing entries are journalized and posted to the ledger.

10. A post-closing trial balance is prepared.

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3 years ago