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PSYCHO15rus [73]
3 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]3 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.

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Answer:

A. after tax income should increase shifting AD to the right to a higher equilibrium level of output

Explanation:

If the government reduces tax, the after tax income would increase and so woold demand. Thus, the aggregate demand curve would shift rightward to a higher equilibrium level of output.

If the government cuts taxes, after tax income should decrease shifting AD to the left to a lower equilibrium level of output

I hope my answer helps you

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How does recycling help bridge the gap between renewable and nonrenewable resources?
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In 2018, its first year of operations, Kimble Corp. has a $740,000 net operating loss when the tax rate is 35%. In 2019, Kimble
ivanzaharov [21]

Answer:

Explanation:

The journal entries are shown below:

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          To benefit due to loss carry forward $259,000      

(Being recording of the carry forward amount is done)

Benefit due to loss carry forward A/c  Dr $259,000      

        To allowance to reduce deferred tax to expected realizable value $259,000      

(Being allowance amount is recorded)

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        To Deferred Tax Asset A/c $101,500  

(Being recording of current tax and deferred tax is done)

Allowance to reduce deferred tax to expected realizable value Dr $101,500  

            To benefit due to loss carry forward $101,500

(Being allowance eliminated and carry forward loss is recorded)

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<h3>What is the Internet-Fraud Complaint Center?</h3>

The Internet-Fraud Complaint Center, based in Fairmont, WV, handles the following internet-related complaints:

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Thus, the Internet-Fraud Complaint Center is run by the FBI and the National White Collar Crime Center to analyze fraud-related complaints.

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2 years ago
Miller Co. classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are ex
Kobotan [32]

Answer:

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Explanation:

Giving the following information:

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We need to determine the budgeted selling and administrative expense for the second quarter:

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