1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PilotLPTM [1.2K]
1 year ago
9

company manufactures pillows. the operating budget was based on production of ​pillows, with ​machine-hours allowed per pillow.

budgeted variable overhead per hour was . actual production for was pillows using ​machine-hours. actual variable costs were per​ machine-hour. calculate the​ following: a. the budgeted variable overhead for b. the variable overhead spending variance c. the variable overhead efficiency variance
Business
1 answer:
MatroZZZ [7]1 year ago
4 0

a. The budgeted variable overhead is $468,750.

b. The variable overhead spending variance is $38,100 Favorable

c. The variable overhead efficiency variance is $30,000 Favorable

<h3>What is variable overhead?</h3>

Variable overhead is a cost of running a business that varies with operational activity. Variable overheads rise and fall in lockstep with production output. Overheads, such as administrative overhead, are often a set cost.

The variable manufacturing overhead controllable variance reflects how effectively the company stuck to its budget. The difference between the planned fixed overhead at normal capacity and the standard fixed overhead for the actual units produced is the fixed factory overhead volume variance.

a. The budgeted variable overhead for 2017 = Budgeted hours * Variable overhead rate per hour

= (25000*0.75)*$25 = $468,750

b. Variable overhead spending variance = (SR - AR) * AH = ($25 - $23) * 19050 = $38,100 Favorable

c. Variable overhead efficiency variance = (SH - AH) * SR = (27000*0.75 - 19050) * $25 = $30,000 Favorable

Learn more about budget on:

brainly.com/question/8647699

#SPJ1

You might be interested in
Many experts say that the most distinctive skill a professional marketer might have is the ability to build and manage a​ ______
Cerrena [4.2K]
Many experts say that the most distinctive skill a professional marketer might have is the ability to build and manage a​ <u>brand</u>, <span>which can include a​ name, term,​ sign, symbol, or​ design, or a combination of these.
You know a lot of popular brands, such as Apple, Google, Coca-Cola, Samsung, Toyota, etc. that have managed to create an international recognition because their products are of high quality.</span>
6 0
3 years ago
Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can e
Karo-lina-s [1.5K]

Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can employ the same amount of its resources to produce either 20 airplanes or 10 automobiles. The U.S. should specialize in airplanes.

Answer: Option D

<u>Explanation:</u>

The resources which are used to produce goods are available in limited amount in the economy. But these resources can be used for alternative purposes and producing various goods. So the producers should focus on the optimum utilization of the resources.

The United States of America can produce 20 airplanes with that amount of the resources, so it should specialist in producing air planes and not on the production of the auto mobiles. Because it can produce only 8 automobiles.

6 0
3 years ago
Explain the concept of sustainable entrepreneurship and its dimensions.​
victus00 [196]
Consider the equation.
4(pr + 1) = 64
The value of x in terms of p is
The value of x when p is -5 is
6 0
3 years ago
Many former employees at AlphaEnergy, an energy trading and supply company, had a large
Virty [35]

Answer:

Letter A is correct.<u> </u><em><u>Unsystematic</u></em><em> </em>risk.

Explanation:

Unlike systematic risk, which is an inherent market risk, unsystematic risk is inherent in a specific sector or company.

The case in point concerns the investment of former AlphaEnergy employees, which is a unsystematic risk, as the investment risk in single-company shares includes regulatory changes, management changes, loss of market due to competition and withdrawal of the product from the market.

To reduce this type of risk, investors should seek diversification in their stock portfolio.

7 0
3 years ago
Booker Corporation had the following comparative current assets and current liabilities: Dec. 31, 2019 Dec. 31, 2018 Current ass
Y_Kistochka [10]

Answer:

1. 1.5 Times

2.$100,000

3.0.775 Times

4.$75,000

5.$100,000

Explanation:

Liquidity ratios can be found by just simply putting the given values in their appropriate formulas. All you have to memorize is the simple formulas

1.Current Ratio  

CURRENT RATIO = CURRENT ASSETS/CURRENT LIABILITIES

CURRENT RATIO = $300,000/$200,000

CURRENT RATIO = 1.5 Times

2. Working Capital

WORKING CAPITAL= CURRENT ASSETS- CURRENT LIABILITIES

WORKING CAPITAL= $300,000 - $200,000

WORKING CAPITAL= $100,000

3. Acid ratio

ACID RATIO = CURRENT ASSETS - INVENTORY - PREPAID EXPENSES/CURRENT LIABILITIES

ACID RATIO = ($300,000 - $110,000 - $35,000)/$200,000

ACID RATIO = 0.775 Times

4. Receivable turnover

RECEIVABLE TURNOVER = CREDIT SALES/AVERAGE RECEIVABLE

RECEIVABLE TURNOVER = $750,000/$75,000

RECEIVABLE TURNOVER = 10 Times

<u>Working</u>

AVERAGE RECEIVABLE = (Opening receivables+Closing receivables)/2

AVERAGE RECEIVABLE = ($55,000 + $95,000) / 2 = $75,000

5. Inventory Turnover

INVENTORY TURNOVER = COST OF GOODS SOLD / AVERAGE INVENTORY

INVENTORY TURNOVER = $400,000 / $100,000

INVENTORY TURNOVER = 4 Times

<u>Working</u>

AVERAGE INVENTORY = (Opening inventories+Closing inventories)/2

AVERAGE INVENTORY = (110,000 + 90,000)/2

AVERAGE INVENTORY = $100,000

3 0
3 years ago
Other questions:
  • A strategic business unit​ (SBU) of a major corporation has high market share in its​ industry, but the growth rate of the indus
    11·1 answer
  • Maria and Jon Sanchez have just completed their third annual set of financial statements. They met in a personal finance class a
    12·1 answer
  • Leighton has spent the last two hours going over customer surveys to see how well her company is achieving its goal of improving
    15·2 answers
  • Assume there are four people in a city. Person A owns nothing, person B owns a chicken shack worth $10,000, person C owns a smal
    13·1 answer
  • Alicia is considering adding toys to her gift shop. She estimates the cost of new inventory will be $9,500 and remodeling expens
    8·1 answer
  • Which of the following characteristics is a disadvantage of cloud-based hosting?
    8·1 answer
  • Juan finished the special report for the vice president of marketing. He spent many extra hours compiling this report and knows
    12·1 answer
  • If the price of high speed internet access decreases then we would expect to see the quantity demanded increase. This statement
    7·1 answer
  • Be-The-One is a motivational consulting business. At the end of its accounting period, December 31, 20Y2, Be-The-One has assets
    6·1 answer
  • A utility-maximizing consumer buys so as to make ________ for all pairs of goods.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!