Answer:
D. Honor the child's decision.
Explanation:
Answer:
Direct material quantity variance= $810 unfavorable
Explanation:
Giving the following information:
Standard quantity 6.5 liters per unit Standard price $1.00 per liter
Actual production was 2,400 units.
The company used 16,410 liters of direct material to produce this output.
<u>To calculate the direct material quantity variance, we need to use the following formula:</u>
<u></u>
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Standard quantity= 6.5*2,400= 15,600
Direct material quantity variance= (15,600 - 16,410)*1
Direct material quantity variance= $810 unfavorable
Answer:
Occupancy Index = 99.84 % (Approx)
Explanation:
Given:
Occupancy rate = 78%
Total available room = 160,000
Total sold room = 125,000
Find:
Occupancy Index
Computation:
Occupancy Index = 78(160,000/125,000)
Occupancy Index = 99.84 % (Approx)
Answer:
$138.63
Explanation:
I used an excel spreadsheet and the NPV function to determine the present value of this annuity. The present value of this annuity is $138.63
Answer:
The new breakeven point is 737,500 in sales revenue
Explanation:
Breakeven point = Fixed cost / Contribution Margin Ratio
Actual Fixed Cost are Contribution Margin Ratio x Breakeven point
Fixed cost=Contribution Margin Ratio x Breakeven point
Fixed cost=0.40 x 650,000
Fixed cost=260000
If the company's fixed expenses increase
Fixed cost=260000 + 35000
Fixed cost=295000
Breakeven point = 295000/ 0.40
Breakeven point = 737,500
