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lesantik [10]
3 years ago
6

What is the proper economic term for money that is available for investment?

Business
1 answer:
agasfer [191]3 years ago
3 0
Capital. Capital is how much money you have to begin an investment or business.
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Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on
AlladinOne [14]

Answer:

Saddle Inc.

1. Overhead rate using the traditional (plantwide) approach is:

= $1.84

2. The overhead rates using activity-based costing approach are:

Machining = $72.49

Machine setup = $211.69

3. The difference in allocation between the two approaches:

Differences:

ABC approach        $121,808   $178,188   $299,996

Using plantwide     $110,400  $189,520  $299,920

Differences              $11,408    -$11,332             $76

Explanation:

a) Data and Calculations:

Total estimated overhead costs = $300,000

Machining activity = $195,000

Machine setup activity = $105,000

                             Standard   Custom     Total

Direct labor costs $60,000 $103,000  $163,000

Machine hours           1,400        1,290       2,690

Setup hours                    96          400          496

Overhead rate based on direct labor costs = $1.84 ($300,000/163,000)

Overhead rates using activity-based costing approach:

Machining = $72.49 ($195,000/2,690)

Machine setup = $211.69 ($105,000/496)

Allocation of overhead costs:

                                 Standard   Custom         Total

Using plantwide       $110,400  $189,520  $299,920

Using ABC:

Machining                $101,486    $93,512    $194,998

Machine setup           20,322      84,676      104,998

Total costs               $121,808   $178,188   $299,996

Differences:

ABC approach        $121,808   $178,188   $299,996

Using plantwide     $110,400  $189,520  $299,920

Differences               $11,408    -$11,332            $76

6 0
2 years ago
Match the terms below with the following definition:
GalinKa [24]

Answer:

1. B

2. A

3. D

4. C

Explanation:

1. Activity variance

B) the difference between a revenue or cost item in the flexible budget and the same item in the planning budget.

The activity variance is as a result of difference between the actual level of activity in the flexible budget to the assumed level of activity in the planning budget.

2. Planning budget

A) a budget created at the beginning of the budgeting period that is valid only for the planned level of activity.

Planning budget is a process of evaluating earnings and expenses and project their monetary intakes and outtakes for the future made by  an individual or company.

3. Flexible Budget

D) a report showing estimates of what revenues and costs should have been, given the actual level of activity for the period.

Flexible budget adjusts with changes in volume and activity

4. Spending variance

C) the difference between the actual amount of the cost and how much the cost should have been, given the actual level of activity

This is unfavorable if the actual cost is greater than what the cost should have been and favorable if the actual cost is less than what the cost should have been.

6 0
3 years ago
Respecting team members means agreeing with everything they think. True False
vovangra [49]

false: it means you dont have to agree with them but you have to respect their opinion

7 0
3 years ago
Read 2 more answers
An auto repair technician who specializes in the installation, troubleshooting, and repair of heating and air conditioning syste
Feliz [49]
<span>This person would be a "passenger comfort specialist.</span>
3 0
3 years ago
Read 2 more answers
Direct Labor Variances Advanced Micro Devices develops high-performing computing products. Assume one of its processors, Ryzen 7
Butoxors [25]

Answer and Explanation:

The computation is shown below:

a. The labor rate variance is

= (standard rate - actual rate) × actual labor hours

= ($20 - $19.50) × 64,000

= $32,000 favorable

b. The labor efficiency variance is

= (standard hours - actual hours) × standard rate

= (62,500 - 64,000) × $20

= -$30,000 unfavorable

c. the total flexible budget variance is

= standard cost - actual cost

= ($1,250,000 - $1,248,000)

= $2,000 favorable

7 0
3 years ago
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