The risks of foreign outsourcing is that they could stop trading with you.
Question
Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities. Monty's management has contracted you to perform a variance analysis on the fixed manufacturing overhead for its line of slides. Monty's cost accounting team informs you that it allocates fixed overhead based on machine hours. This period production was budgeted at 35
0 slides
. Budgeted and actual production data follows:
Standard fixed overhead cost per machine hour $5.00
Standard machine hours per slide 9
Actual production 390
Actual fixed overhead cost $20,000
What is the fixed manufacturing overhead volume variance in this period?
Answer:
Fixed overhead volume variance $1800 Favorable
Explanation:
Standard fixed cost per unit = cost per hour × standard hours
= $5.00 ×9 = $45
Units
Budgeted production unit 350
Actual production unit <u>390</u>
Volume variance in (units) 40
Standard fixed over cost per unit <u>× $45</u>
Fixed overhead volume variance <u> 1800 </u>Favorable
Fixed overhead volume variance $1800 Favorable
Answer:
a. following-up with his customer.
Explanation:
Based on the scenario being described within the question it can be said that Lewis is following-up with his customer. This is when a salesperson contacts a customer some time after their purchase in order to make sure that they are happy with their purchase. This allows the salesperson to address any problems or concerns that the customer may have with their product. All with the goal of trying to capture the loyalty of the customer, since a customer that is happy with an initial purchase is more likely to return.
Answer:
The overview of the given statement is described in the explanation segment below.
Explanation:
<u>Monopoly Market:
</u>
-
The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
- Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).
<u>Perfectly Competitive Market:
</u>
- The price shall be calculated whenever market forces are equivalent.
- The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.
Thus,
⇒ 
Hence,
⇒ 
Answer:
A) $200,000
Explanation:
In this case, Haft has a wide range of possible losses, between $200,000 to $300,000. Since no amount is more probable than others, then the company can decide to report the lowest estimate as long as all the other estimates have the same probability of happening. But if another estimate was probable, e.g. $220,000, then that estimate should be recorded even if it was higher.
