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aleksley [76]
3 years ago
6

The following information relating to a company's overhead costs is available. Col1 = Actual total variable overhead, Actual tot

al fixed overhead, Budgeted variable overhead rate per machine hour, Budgeted total fixed overhead, Budgeted machine hours allowed for actual outputCol2 = $ 73,000, $ 17,000, $ 2.50, $ 15,000, 30,000 Based on this information, the total variable overhead variance is:A) $2,000 favorable.
B) $6,000 favorable.
C) $2,000 unfavorable.
D) $6,000 unfavorable.
E) $1,000 favorable.
Business
1 answer:
Free_Kalibri [48]3 years ago
5 0

Answer:

A) $2,000 favorable

Explanation:

Actual total variable overhead = $ 73,000

Actual total fixed overhead = $ 17,000

Budgeted variable overhead rate per machine hour = $ 2.50

Budgeted total fixed overhead = $ 15,000

Budgeted machine hours allowed for actual output = 30,000

Budgeted variable overhead = $ 2.50 x 30,000 = $ 75,000

Variable overhead variance = Budgeted variable overhead - Actual total variable overhead

Variable overhead variance = $ 75,000 - $ 73,000 = $ 2,000

Since the actual value is under the budgeted value, the variable overhead variance is $2,000 favorable.

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enyata [817]

Answer:

(a) $15

(b) $35

(c) 4

(d) $80

Explanation:

Given that,

Initial deposit = $20 bill

Required reserve ratio = 25%

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= Amount of deposit - Reserve requirement

= $20 - ($20 × 0.25)

= $20 - $5

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(b) Money in the economy changed:

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= $20 + $15

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(c) Money multiplier:

= 1/ Required reserve ratio

= 1/ 0.25

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3 years ago
The supervisor of an automated teller machine (ATM) facility learns that the machine is not functioning efficiently because it u
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Answer:

E) The supervisor should identify and define the type of update needed.

Explanation:

The 5 stages of the organizational decision buying process are:

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  5. Order and review process

The supervisor already passed stage 1 since he/she realized that their was a problem and it must be solved. The supervisor is currently in stage 2 since he/she must identify what type of software update is needed. The supervisor should try to be the most specific as possible including all the technical details that he/she is aware of.

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Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem
Rashid [163]

Answer:

A) economic order quantity ( order quantity model that will minimize the total holding cost and ordering costs ) = \sqrt{3*1500*77/23} = \sqrt{15065.21739} = 122. 74 ≈ 122 ( optimal ordering quantity ) units

B)  Annual holding cost = 23 * 122 / 2 = $1403

C ) Annual ordering costs = 1500/122 * 77 = $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

Explanation:

Annual demand for connectors : 1500

ordering cost ( cost to place and process an order ) : $77

annual holding cost per unit : $23

A) economic order quantity ( order quantity model that will minimize the total holding cost and ordering costs ) = \sqrt{3*1500*77/23} = \sqrt{15065.21739} = 122. 74 ≈ 122 ( optimal ordering quantity ) units

B)  Annual holding cost = 23 * 122/2 = $1403

C ) Annual ordering costs = 1500 / 122 * 77 = $946.72 ≈ $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

daily demand = 1500 / 300 = 50

lead time = 3

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