1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PSYCHO15rus [73]
2 years ago
9

Walthaus Corporation's standard cost sheet is as follows Direct material Direct labor Variable overhead Fixed overhead 4 feet at

$5.00 per foot 3 hours at $10.00 per hour 3 hours at $2.00 per hour 3 hours at $1.00 per hour Additional information Actual results: purchased 30,000 lbs of material at $5.25 per lb. (there were no beginning or ending material inventories); direct labor cost incurred was 26,000 hours at $9.75 per hour; actual variable overhead incurred, $50,000; and actual fixed overhead incurred $43,000. Overhead is applied to work-in-process on the basis of direct labor hours. The company produced 8,000 units of product during the period. The number of estimated hours for computing the fixed overhead application rate totaled 45,000 hours. What are the fixed overhead price and production volume variances? O $2.000 F; $23,000 U $2,000 U; $23,000 F. $4,000 F: $25,000 F. $4,000 F: $25,000 U. None of these.

Business
1 answer:
nirvana33 [79]2 years ago
4 0

Answer:

1. U. None of these

2. Variable overhead price variance = $2,000 F

Variable overhead efficiency variance = $4,000 U

Explanation:

Please see attachment.

You might be interested in
On January 1, 2022, Skysong, Inc. purchased equipment for $44280. The company is depreciating the equipment at the rate of $620
Svetllana [295]

On December 31, 2022, the book value of the equipment comes out to be $36,840 with monthly depreciation of $620.

Option D is the correct answer.

<h3>What is meant by depreciation?</h3>

Depreciation is a method that applies to tangible fixed assets where the fall in the value of an asset has been recorded.

Given values:

The purchase cost of equipment: $44,280

Monthly depreciation: $620

<u>Step-1</u> Computation of annual depreciation charges:

\rm\ Annual \rm\ depreciation=\rm\ Monthly \rm\ depreciation \times \rm\ Number \rm\ of \rm\ months \rm\ in  \rm\ a \rm\ year\\\rm\ Annual \rm\ depreciation=\$620 \times\ 12\\\rm\ Annual \rm\ depreciation=\$7,440

<u>Step-2</u> Computation of book value of the equipment at the year-end:

\rm\ Equipment's \rm\ Book \rm\ value=\rm\ Purchase \rm\ Cost \rm\ of \rm\ Equipment-\rm\ Annual \rm\ Depreciation \\\rm\ Equipment's \rm\ Book \rm\ value=\$44,280-\$7,440\\\rm\ Equipment's \rm\ Book \rm\ value=\$36,840

Therefore, when the company purchases equipment at $44,280 with annual depreciation is $7,440, then the equipment's book value comes out to be $36,840 at the year-end.

Learn more about the depreciation in the related link:

brainly.com/question/14682335

#SPJ1

3 0
2 years ago
Here are the comparative income statements of Ayayai Corp..
Georgia [21]

Answer:

Ayayai Corp.

Horizontal Analysis:

                                          2020            Increase                 2019

Net sales                     $632,600  $110,700    21.2%     $521,900

Cost of goods sold       463,600     53,200    13.0%        410,400

Gross Profit                   169,000     57,500    51.6%          111,500

Operating expenses      79,300      32,100   68.0%          47,200

Net income                 $ 89,700     25,400   39.5%        $64,300

Explanation:

a) Data and Calculations:

AYAYAI CORP.

Comparative Income Statement For the Years Ended December 31

                                          2020             2019

Net sales                     $632,600     $521,900

Cost of goods sold       463,600        410,400

Gross Profit                   169,000          111,500

Operating expenses      79,300         47,200

Net income                 $ 89,700       $64,300

Percentage increase or decrease = (Increase/Decrease)/Base Year's Value

3 0
2 years ago
A large firm in the automotive aftermarket business wants to improve its current situation, which is characterized by excess inv
oksano4ka [1.4K]
<span>Yes,Supply chain management will be helpfull to automotive aftermarket business in this scenario.Supply chain management is designed to coordinate and integrate all the activities from raw materials to product consumption.Supply chain management is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage</span>
6 0
2 years ago
Which sentence from the passage supports the following statement?
vazorg [7]

Answer:

idk sorry have a good day!!!!!

Explanation:

8 0
3 years ago
Leigh has three children but has not written her will which danger will she more than likely face if she dies without a will?
labwork [276]
Her children will not inherit any of her assets
4 0
3 years ago
Other questions:
  • The demand and supply schedules for sunscreen at a small beach are shown below. Market for sunscreen price (dollars per bottle)
    10·1 answer
  • Mackenzie is responsible for buying a week's supply of food and medication for the puppies and kittens at a local shelter. the f
    13·1 answer
  • In most of the 1970s, the fed's policy created expectations of high inflation. true false
    6·1 answer
  • Why is there so much government regulation involving social responsibility issues? Should there be less?
    12·1 answer
  • Which approach to lessons learned helps identify most of the lessons learned on a project
    7·1 answer
  • True or false: When you receive a savings bond worth $100, you can cash it for $100 right away.
    7·2 answers
  • Suppose that a small family farm sold its output for $100,000 in a given year. The family spent $25,000 on fuel; $40,000 on seed
    6·1 answer
  • Discord? anyone? 0_0'
    7·2 answers
  • Plzzzzzz help me i need help
    9·1 answer
  • monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence o
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!