Solution
Given :
Standard direct labor hours = 4.6 hours per unit
Standard variable overhead rate = $ 4.60 per hour
Actual direct labor hours worked = 9400
Actual variable overhead incurred = $ 44,940
Number of units of N06C = 2100 units
Therefore, output absorbed, V.OH = SHAO x budget OH/hr
= (2100 units x 4.6 per unit) x $ 4.60 per hour
= $ 44,436
The Input Absorbed V.OH = actual hours x budgeted OH/hour
= 9400 x $ 4.60 per hour
= $ 43,240
Therefore, the variable overhead rate variance is = $ 43,240 - $ 44,436
= $ 1196 (U)
The income statement is one of the most common and important financial statements. The income statement, also known as the income statement (P&L), summarizes all income and expenses over a period of time, including the cumulative impact of income, profits, expenses, and loss transactions.
S stands for Selling Expenses and includes the costs of advertising, selling, and delivering goods and services. Selling expenses include sales materials, travel expenses to customers and prospects, advertising expenses, salesperson salaries and commissions, and so on.
Operating expenses — also known as selling, general, and administrative (SG&A) expenses — are the costs of running a business. These include rent and utilities, marketing costs, computer equipment, and employee benefits.
Learn more about sales and expenses at
brainly.com/question/24778422
#SPJ4
<span>In the table above the output level where the price minus atc (average total cost) is a maximum (or least negative) is the maximum profit position. this occurs at an output of four units.</span>
It is an elastic good and to increase the revenue, the producer should decrease the price of the good.
<u>Explanation:</u>
The good that has a price elasticity of demand with a coefficient of 1.6, the good is said to have elastic demand. For such a good, the producer should decrease the price of that good to increase its revenue. With the decrease in the price, the demand of the good will increase significantly. This will help him increase his revenue.
Answer: Option (A) is correct.
Explanation:
When there is an increase in both the components of aggregate demand i.e. government spending and taxes then this will most likely to offset the fiscal policy actions.
If there is an increase in the taxes, as a result aggregate demand decreases because of lower disposable income. This policy action is known as Contractionary fiscal policy.
Whereas, if there is an increase in the Government spending, as a result aggregate demand increases. This policy action is known as Expansionary fiscal policy.
But this will also largely depend upon the tax multiplier and government spending multiplier.
