Buyers want to pay the lowest possible price, so why would they be willing to pay more than $12 for a pizza?

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhea

AfilCa [17]

Answer:

Variable overhead efficiency variance= $9,911 unfavorable

Explanation:

Giving the following information:

Standard hours per unit of output 5.30 DLHs

Standard variable overhead rate $ 11.66 per DLH

Actual direct labor-hours 8,800 DLHs

Actual output 1,500 units

To calculate the variable overhead efficiency variance, we need to use the following formula:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 5.3*1,500= 7,950

Variable overhead efficiency variance= (7,950 - 8,800)*11.66

Variable overhead efficiency variance= $9,911 unfavorable

6 0

4 years ago

Unlike tangible goods,virtually all services are susceptible to inconsistency and variations in quality.Why is this so?A) Becaus

expeople1 [14]

Answer:

A) Because services depend on people for their delivery.

Explanation:

Given that the same or similar type of services are or can be carried out by various personnel, and the level of quality of the rendered services is dependent on the skills and professionalism of the person who rendered such services.

Hence, Unlike tangible goods, virtually all services are susceptible to inconsistency and variations in quality, because services depend on people for their delivery.

Therefore, the right answer is Option A. the

8 0

3 years ago

Chemical Mines has 5,000 shareholders and is preparing to elect two new board members. You do not own enough shares to personall

topjm [15]

Answer:

Chemical Mines

The most likely outcome of this situation given that some shareholders are happy with the existing management is:

A) proxy fight for control of the board.

Explanation:

Proxy fight is a competitive struggle that shareholders of Chemical Mines can engage in to support their factional sides by using proxy votes to gain control of the board of directors, thereby stirring decisions to their sides. Proxy votes are the votes of shareholders elected to represent the absentee shareholders by those present at the annual general meeting, where directors can be appointed.

6 0

3 years ago

An investor from United Arab Emirates wants to establish a University of Science and Technology in Uganda.

prisoha [69]

Answer:

Make a canteen

Explanation:

to eat when hungry

4 0

3 years ago

Closing Entries with Net Income Assume that the entry closing total revenues of $3,190,000 and total expenses of $2,350,000 has

Mademuasel [1]

Answer:

a. Debit Teresa's Capital account for $770,000; and Credit Teresa's Drawing account for $770,000.

b. Teresa Schafer, Capital at the end of the period is $$1,955,000

Explanation:

a. Journalize the entry required to close the Teresa Schafer, Drawing account.

Since the drawing will affect capital by reducing it, the journal entry will look as follows:

Particulars Dr ($) Cr ($)

Teresa's Capital account 770,000

Teresa's Drawing account 770,000

(To record the closing the Teresa Schafer, Drawing account.)

b. Determine the amount of Teresa Schafer, Capital at the end of the period.

To do this, we have to calculate the net profit first as follows:

Net profit = Total revenue - Total cost = $3,190,000 - $2,350,000 = $840,000

Since net profit will increase capita while drawing will reduce capital, we therefore have:

Capital at the end of the period = Capital + Net profit - Drawing = $1,885,000 + $840,000 - $770,000 = $1,955,000.

Therefore, Teresa Schafer, Capital at the end of the period is $$1,955,000.

7 0

4 years ago

Buyers want to pay the lowest possible​ price, so why would they be willing to pay more than​ $12 for a​ pizza?

Buyers want to pay the lowest possible price, so why would they be willing to pay more than $12 for a pizza?