Answer: $5 per machine hour
Explanation:
Given the following :
Estimated manufacturing overhead cost = $550,000
Expected machine-hour to be incurred = 110,000
Actual manufacturing overhead = $575,000
Actual machine hour incurred = 120,000
The manufacturing overhead application rate:
Expected manufacturing overhead cost / Expected machine hour to be incurred
= $550,000 / 110,000 machine hour
= $5 per machine hour
The monthly payment is $386.67.
<h3>
What is the monthly interest rate?</h3>
- A monthly interest rate is simply the amount of interest charged in one month.
- This does not include any other fees associated with the loan, and it does not indicate how expensive a loan is.
- APR, on the other hand, is the annual percentage rate charged on a loan for a year.
So,
- PV = 20,000, I/y = 0.50, n = 12 × 5, FV = 0
- CPT PMT which equals $386.67
Therefore, the monthly payment is $386.67.
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Answer:
d.All of the above.
Explanation:
Free cash flow is the amount of cash that is available for management to use in
any way they want (at their discretion), after all essential payments have been made.
Essential payment may include taxation payment and other operational expenditure.
Keeping in view the above discussion, it can be assumed that the free cash flow can be used to pay additional dividends, acquire more property, plant and equipment and pay off debts.
Therefore the answer is d.All of the above.
Answer:
product B
Explanation:
The computation is shown below;
<u>Particulars Product A Product B Product C
</u>
Selling Price $5.00 $3.00 $5.00
Less: Variable cost per unit ($3.50) ($2.00) ($2.00)
Contribution per unit $1.50 $1.00 $3.00
Machine hours per unit 0.75 0.25 1
Contribution per machine hour $2.00 $4.00 $3.00
($1.50 ÷ 0.75) ($1.00 ÷ 0.25) ($3.00 ÷ 1)
The product B should be produced as it has the highest contribution per machine hour
Answer:
variable overhead efficiency variance= $22,780 unfavorable
Explanation:
Giving the following information:
Standard hours per unit of output 7.0 hours
Standard variable overhead rate $ 13.40 per hour
Actual hours 2,725 hours
The actual output of 150 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= 150*7= 1,050 hours
variable overhead efficiency variance= (1,050 - 2,750)*13.4
variable overhead efficiency variance= $22,780 unfavorable
