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ikadub [295]
4 years ago
12

TB MC Qu. 9-336 Puvo, Inc., manufactures a single product in which ...

Business
1 answer:
Anna007 [38]4 years ago
7 0

Answer:

Variable manufacturing overhead rate variance= $4,596 unfavorable

Explanation:

Giving the following information:

Variable manufacturing overhead 0.50 hours $8.80 per hour $4.40

Actual direct labor hours= 1,200

Variable manufacturing overhead costs during March totaled $15,161.

<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 15,161/1,200= $12.63

Variable manufacturing overhead rate variance=  (8.8 - 12.63)*1,200

Variable manufacturing overhead rate variance= $4,596 unfavorable

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If Joe has good morals he would stop and help the women. He could have the money taken out of his pay check to possible keep his job but if he does not stop and help the women he will have live with his decision for the rest of his life, the guilt would eat him alive. He can always get another job but we only have one life to live and if he could help save someone else, he should do that. 
7 0
3 years ago
Madison promises Grace $10 if Grace collects her dry cleaning for her. This is an example of a(n) ________ contract. Group of an
alexira [117]

It is an example of unilateral contract.

A unilateral contract expressly states that payment will be made solely via the performance of one party.

A unilateral contract is a business arrangement in which an offeror commits to pay when a certain act occurs. A award or a contest is another example of a unilateral contract. In a unilateral contract, the offeror has the right to rescind the offer before the offeree starts performing. Typically, the revocation must be expressed.

In general, unilateral contracts are utilized when an offeror has an open request for payment for a specific conduct.

Therefore, the answer is unilateral contract.

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8 0
2 years ago
December 15: The company sold $2,000 of product to the customer with terms 2/15, n/45. December 31:The company has a fiscal year
n200080 [17]

Answer:

$3,900

Explanation:

December 15: The company sold $2,000 of product to the customer with terms 2/15, n/45. December 31:The company has a fiscal year end of December 31. The company estimates using the aging-of-Accounts Receivable.

Accounts Receivable were $140,000, 3% is the estimate for doubtful accounts, and the Allowance for Doubtful Accounts balance is a $300 debit prior to any adjustment.

Therefore the amount to be credited to doubtful account = 0.03 x  140,000 = $4,200

The amount of bad debts = $4,200 - $300 = $3,900

7 0
3 years ago
PA6.
inysia [295]

Answer:

(The data is missing so we cannot prepare the complete cash budget but lets see how it is prepared. The data given in the question has only been added in cash budget)

Cash Budget is prepared in same way as statement of cashflow. The detail cash budget format is given below.

                                             Poster Company

                                                 Cash budget

                                           1st and 2nd quarter

Cash from operations

Sales                                                                  xxxx

Purchase                                                           (xxxx)

Other expenses paid                                        (xxxx)

Net cash from operation                                   xxxx

Cash from Investment activities

Sale of Assets   (10,000+4,500)                    $ 14,500

Any investment made                                      (xxxxxx)

Net Cash from investing activities                  xxxxxx

Cash from Finance Activities

Financial Charges paid                                  ( xxxxxxx)

Dividednd paid                                              $ 4,500

Net Cash from Financing activities                xxxxxxxx

Net cash increase/ decrease                          xx/ (xx)

Opening balance                                             $60,359    

Cash balance at end                                          xxxxx

(xxx represents missing values)                                        

6 0
3 years ago
Suppose a bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $340.00
Aleonysh [2.5K]

Answer:

13,6%

Explanation:

The first step to calculate the annual interest rate is to calculate the total yearly interest amount you will pay.

So, you'll pay $340 each quarter and, of course, there are 4 quarters in a year,... so a total of $1,360 (4 x $340) for the year.

Then you need to calculate the ratio of that interest amount compared to the loan amount in order to get the yearly interest

\frac{1,360}{10,000}  = 0,136

The effective annual rate on the load is then of 13,6%.

7 0
3 years ago
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