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Free_Kalibri [48]
3 years ago
10

Petroski Natural Dying Corporation measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of acti

vity was 19,700 skeins and the actual level of activity was 19,900 skeins. The company's owner budgets for dye costs, a variable cost, at $0.67 per skein. The actual dye cost last month was $13,910. In the company's performance report for last month, what would have been the spending variance for dye costs?
Business
1 answer:
algol133 years ago
6 0

Answer:

$577 Unfavorable

Explanation:

The calculation of spending variance for dye costs is shown below:-

Spending variance for dye cost = (Standard rate - Actual variable) × Actual units

= ($0.67 - $13,910 ÷ 19,900) × 19,900

= (0.67 - 0.69899) × 19,900

= $577 Unfavorable

Therefore for computing the spending variance for dye costs we simply applied the above formula.

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The Mountain Top Shoppe has sales of $512,000, average accounts receivable of $31,400 and average accounts payable of $24,800. T
nevsk [136]

Answer:

How long does it take The Mountain Top Shoppe to pay its suppliers?

25 days

Explanation:

Sales   $512,000  

COGS     71%

COGS   $363,520  

Av Acc Receiv   31.400  

Av Acc Payable   24.800  

Days   365  

DPO - Days Payables Outstanding  ==> ($24,800/$363,520)*365= 25 Days  

8 0
3 years ago
"when johanna cut prices in her jewelry store by 20 percent, the dollar value of her sales fell by 20 percent. this indicates th
anzhelika [568]
How much ever percent she cuts so will the value of her sales
3 0
3 years ago
X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows:
lukranit [14]

Answer:

0.88 years

1 year

Explanation:

Payback period calculates the amount of the time it takes to recover the amount invested in a project from its cumulative cash flows.

For project A:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $25,000 =$-3000

The amount invested is recovered In 22,000 / $25,000 = 0.88 years

For project B:

Amount invested = $-22,000

Amount recovered in year 1 = $-22,000 + $22,000 = 0

The amount invested is recovered in a year

I hope my answer helps you

8 0
3 years ago
Eastern University had the following transactions at the beginning of its academic year: Student tuition and fees were billed in
Thepotemich [5.8K]

Answer:

100

Explanation:

hope this helps

5 0
3 years ago
Gavin invested $40,000 in the Jason and Kelly Partnership for ownership equity of $40,000. Prior to the investment, land was rev
stich3 [128]

Answer:

A.

Dr Land $189,000

Cr Jason, Capital $63,000

Cr Kelly, Capital $126,000

B.

Dr Cash $40,000

Cr Gavin, Capital $40,000

Explanation:

A.

Dr Land ($363,000-$174,000) $189,000

Jason, Capital (1/3×189,000) $63,000

Kelly, Capital(1/2×189,000) $126,000

B.

Dr Cash $40,000

Cr Gavin, Capital $40,000

6 0
3 years ago
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