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77julia77 [94]
10 months ago
9

which statement regarding variable overhead variance analysis is true? multiple choice question. the variable overhead efficienc

y variance may depend on the efficiency of direct labor. the variable overhead efficiency variance uses exactly the same inputs as the direct labor efficiency variance. efficient use of variable overhead results in a favorable variable overhead efficiency variance. variable overhead variances are easy to interpret.
Business
1 answer:
galben [10]10 months ago
6 0

The variable overhead efficiency variance uses exactly same inputs as direct labor efficiency variance statement regarding the variable overhead variance analysis is true.

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

The varying production costs a business incurs while operating are referred to as "variable overhead." As industrial output changes, so do variable overhead expenses. Different from variable overhead are the general expenditures associated with administrative tasks and other operations that have predetermined budgetary requirements. Organizations need to understand variable costs clearly in order to prevent overspending, which can reduce profit margins. They will be able to precisely set prices for future products thanks to this. For businesses to succeed and stay in operation, they must invest money in the development and promotion of their goods and services. The term "overhead" refers to all costs related to operating a firm, such as managers, salespeople, and marketers for both the corporate office and the manufacturing plants.

To learn more about variable overhead, visit:

brainly.com/question/27993032

#SPJ4

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On January 1, Year 1, Boyd Corporation accepts a $10,000 three-month, nine percent promissory note from one of its customers. To
mihalych1998 [28]

Answer:

The borrower records its receipt of cash and new liability with this entry

Jan 1             Notes Receivable   $10,000 Dr.

                             Sales / Accounts Receivable         $10,000 Cr.

Received Note of 3 months with  9% interest

The entry would  credit to Sales if it is received against sales or credit to account receivable isf it is received against accounts receivable for a further time period as the case may be.

6 0
2 years ago
Signal mistakenly produced 1,075 defective cell phones. The phones cost $70 each to produce. A salvage company will buy the defe
kow [346]

Answer: Rework the phones

Explanation:

The phones have already been produced so the cost price of $70 does not matter as it is a sunk cost.

The decision the company makes between scrap and reworking will depend on which option bring in more money.

Scrap = $39

Reworking:

= Price after reworking - Cost to rework

= 146 - 82

= $64

Incremental income of reworking over scrap:

= 1,075 * (64 - 39)

= $‭26,875‬

<em>Signal makes an incremental income of $‭26,875‬ if they rework the phones so they should do that. </em>

5 0
2 years ago
Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit $ 220.00; Variable expense
dalvyx [7]

Answer:

The answer is d. 3911

Explanation:

First, we obtain the contribution margin, wih the formula Selling price per unit minus variable expense per unit. So, the contribution margin per unit is 220 - 97.5 = 122.5.

Next, knowing how much each unit contributes to cover the fixed costs, we can calculate how many units do we need to pay the fixed expenses. This is called "break even point" or BEP. The formula is Fixed Expenses / Contribution margin per unit. So, the BEP is 448,090 / 122.5 = 3,657.88.

With those two things, the final task is to calculate how many units we need, covered the fixed expenses, to achieve the company target profit. The formula is Target profit / Contribution margin per unit. So, the number of units is 31,000 / 122.5 = 253.06.

Finally, we add these two number, to obtain the total units needed to cover the fixed costs and achieve the target profit: 3,657.88 + 253.06 = 3,910.64 = 3,911

7 0
3 years ago
On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of
Ira Lisetskai [31]

Answer:

<u><em>October 4</em></u>

Inventory $350 (debit)

Cost of Sales $350 (credit)

<em>Being Recognition of Inventory and de-recognition of cost of sale</em>

Revenue $500 (debit)

Trade Receivable $500 (credit)

<em>Being de-recognition of Revenue and Trade Receivables.</em>

Explanation:

The Entries that Robertson Company should enter for the 2 dates are as follows :

<u><em>October 1</em></u>

Cost of Sales  $4,000 (debit)

Inventory $ 4,000 (credit)

<em>Being Recognition of Cost of Goods Sold</em>

Trade Receivable $5,800 (debit)

Revenue $5,800 (debit)

<em>Being Recognition of Revenue</em>

<u><em>October 4</em></u>

Inventory $350 (debit)

Cost of Sales $350 (credit)

<em>Being Recognition of Inventory and de-recognition of cost of sale</em>

Revenue $500 (debit)

Trade Receivable $500 (credit)

<em>Being de-recognition of Revenue and Trade Receivables.</em>

3 0
3 years ago
Which of the following is reported as a financing activity in the statement of cash flows? Multiple Choice The exchange of commo
Marysya12 [62]

Answer:

The correct answer is letter "D": The repayment of bonds issued at face value.

Explanation:

The Cash Flow Statement of financing activities reports all the inflows and outflows of money as a result of investments of the company. If the balance of this statement is positive it means the firm is generating good results. <em>The purchase or sale of securities or the acquisitions of tangible assets, such as properties and equipment</em>, are considered under this category.

<em>The payment of bonds that were sold and issued at face value is registered in the Cash Flow Statement of financing activities as well.</em>

3 0
3 years ago
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