Answer:
Efficiency variance = $851 favorable
Explanation:
<em>Variable overhead efficiency variance: A variance is the difference between a standard cost and the actual cost. Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected.
</em>
<em>Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance</em>
To calculate this variance, we do as follows:
Hours
4,700 should have taken(4,700 × 0.70 hrs) 3,290
but did take (i.e actual hours) 480 <u> 3,060</u>
Efficiency variance in hours 70 unfavorable 230 favourable
Standard variable overhead rate <u>× $3.70</u>
Efficiency variance <em> </em><u><em> 851
</em></u>
Efficiency variance = $851 favorable
<em> </em>
<em />
Answer:
exporting
Explanation:
The exporting refers to the trade in which the goods and services are produced and sold to the another country. In this, the person who sells the goods and services is known as exporter while the foreign buyer who buyed the goods and services is known as importer
According to the given situation, the company is looking for growth opportunities and it is a fairly small company. Moreover it focused on exporting the goods and services
Hence, the option C is correct
The complete question is as follows:
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,330,000. Harding paid $315,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $333,000; Building, $990,000 and Equipment, $657,000. (Round your intermediate percentages to the nearest whole number: i.e 0.054231 = 5%. Do not round any other intermediate calculations.)Assume that Harding uses the units-of-production method when depreciating its equipment. Harding estimates that the purchased equipment will produce 1,040,000 units over its 5-year useful life and has salvage value of $17,000. Harding produced 269,000 units with the equipment by the end of the first year of purchase.Which amount below is
closest to the amount Harding will record for depreciation expense for the equipment in the first year?
A. $169,936
B. $165,538.462
C. $109,126
D. $88,460
Answer: B. $165,538.462
Explanation
Formula: Depreciation expense = step a
(cost of asset - salvage value)/estimated total units produced
step b = (step a) x actual units produced
step a = (65-17000)/1040000
= step a x 269000 = $B. $165,538.462
