<span>Given:
the standard cost of a particular auto part includes 6 direct labor hours of variable manufacturing overhead at $8 per hour
</span><span>4,400 units of this auto part were produced using 28,400 direct labor hours and incurring a total of $245,000 in variable manufacturing overhead cost.
</span>Variable overhead spending variance = Actual variable overhead - (AH x <span>SR)
VOSV = 245,000 - (28,400 * 8)
VOSV = 245,000 - 227,200
VOSV = 17,800 UNFAVORABLE
The result is Unfavorable because the actual variable overhead exceeded the standard or budgeted variable overhead.
</span>
Answer: Physical audit of assets
Explanation: In simple words physical audit means physical counting of assets that are recorded in the accounting system of the company. This internal control procedure is used by organisations to detect the dicrepancies that are not easily detectable without hand counting.
Thus, as per the given case we can state that the internal procedure used by the firm is physical audit of assets.
Answer:
$3,529 million
Explanation:
current sales level $3 billion at 85% of fixed assets operating capacity
if assets operate at full capacity, 100%, then total seals could be:
$3 billion / 0.85 = $3,529 million
Generally very few facilities operate at 100% of their capacity, since the operating capacity is determined before the facility starts to operate and must include the estimated future sales for several years, not just one year. Also, if everything works well, sales levels should increase on a yearly basis, so a little spare capacity is not such a bad thing.
Answer:
58
Explanation:
In this question we use the NPER function that is shown in the excel spreadsheet
Given that,
Present value = $0
Future value or Face value = $26,182
PMT = $400
Rate = 5% ÷ 12 months = 0.41666%
The formula is shown below:
= NPER(RATE,PMT,-PV,FV,type)
The PMT come in negative
So, after solving this, the number of payments is 58
Answer:
Organizing.
Explanation:
As Joanna is a manager at TravelWorld. She has set up a committee to develop procedures for dealing with company-wide training needs and assigned people to conduct specific training programs. Joanna is engaged in organizing management function. In organizing function, effective managers arrange the work to achieve the defined organisational goals. Managers perform the organizing function when they organize and determine the particular tasks which are required to be done, who would be doing what, grouping the tasks, who will be reporting to whom and who is going to make the decisions accordingly.
