Complete Question
River Mills manufactures reproduction antique furniture using historic manufacturing methods. River often uses waterpower, which is not only historically accurate, but also saves energy costs. Although River uses oldminus fashioned manufacturing techniques it is still a modern company that performs modern business analysis. River incurred actual fixed manufacturing overhead costs of $265,000. Using standard costing, River allocated $255,000 in fixed manufacturing overhead costs. If River observed a $1,500 unfavorable fixed manufacturing overhead volume variance, what amount had management budgeted for fixed manufacturing overhead?
Answer:
The budgeted fixed manufacturing overhead is R = $256500
Explanation:
From the question we are told that
The actual actual fixed manufacturing overhead costs is k = $265,000
The fixed manufacturing overhead costs is u = $255,000
The fixed manufacturing overhead volume variance c = $ 1,500
The budgeted fixed manufacturing overhead is
substituting values
R = $256500
Answer:
a. Decline
Explanation:
Whenever there is a reduction in the price level, this results in gains in the real money supply which eventually moves the LM curve to the right.
Hence, given that, the IS curve has a downward slope, the IS and LM curves will meet at a higher level of income and a lower interest rate.
Therefore, the correct answer, in this case, is Option A: DECLINE
Note LM means Liquidity and Money
While IS means Investment and Savings.
Answer:
Credit is the provision of money or bills, based on a loan agreement between the bank and another party that requires the borrower to carry out the amount of interest in return
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Answer:
The answer is d. 70,000
Explanation:
The common stock account has the balance of 37,500 while stated value of a common stock is $0.50 => Common stock issued is 37,500/0.5 = 75,000 shares.
The treasury stock account presents the balance of 5,000 common shares; which is the amount of common stocks hold by Walton Corporation through repurchase transaction which will decreased the number of stock outstanding.
Thus, the number of common shares outstanding = number of common shares issued - number of common shares in treasury stock account = 75,000 - 5,000 = 70,000 common shares.
Thus the answer is d. 70,000.
Answer:
d. 18,570 pounds
Explanation:
The computation of the raw material purchased for the month of February is shown below:
= Production in units + ending inventory - beginning inventory
where,
Production in units = 19,200
Ending inventory is
= 17,100 × 30% × 1
= 5,130
And, the beginning inventory is
= 19,200 × 30% × 1
= 5,760
So, the raw material purchased for the month of February is
= 19,200 + 5,130 - 5,760
= 18,570 pounds
We simply applied the above formulas