1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
emmainna [20.7K]
3 years ago
7

Budgeted variable overhead for the year is $150,000. Expected activity is 30,000 standard direct labor hours. The actual hours w

orked were 15,000 and the standard hours allowed for actual production were 18,000. The variable overhead efficiency variance is:
Business
1 answer:
jok3333 [9.3K]3 years ago
6 0

Answer:

-$15,000 favorable variance

Explanation:

variable overhead efficiency variance = standard overhead rate x (actual hours - standard hours)

  • standard variable overhead rate = $150,000 / 30,000 = $5
  • actual hours 15,000
  • standard hours 18,000

variable overhead efficiency variance = $5 x (15,000 - 18,000) = $5 x (-3,000) = -$15,000 favorable variance

You might be interested in
Gale Corporation manufactures windsocks. The business recently decided to adopt an ABC system. The following activities have bee
solniwko [45]

Answer:

$270,000

Explanation:

The first step is to calculate the overhead cost of the material handling parts

Since each wind stock require 3 parts then the overhead cost can be calculated as follows

= 3 × 20,000

= 60,000

The overhead cost of machining hours can be calculated as follows

Since 5 minutes is spent in the machining department then overhead cost is

= 5× 20,000

= 100,000

The overhead cost of packaging number of finished units can be calculated as follows

= 2 × 20,000

= 40,000

Total overhead cost= 100,000 + 60,000 + 40,000

= 200,000

The total cost of direct materials and labor can be calculated as follows

= 3.5 × 20,000

= 70,000

Therefore the total cost of producing 20,000 windstocks is

= Total overhead cost + total cost of direct materials and labor

= 200,000 + 70,000

= $270,000

Hence the total cost of producing 20,000 windstocks is $270,000

5 0
3 years ago
Company X sells their products exclusively to companies in the Y market. In estimating demand from their business customers, Com
skelet666 [1.2K]

Answer:

derived demand

Explanation:

Company X sells their products exclusively to companies in the Y market. In estimating demand from their business customers, Company X must understand that this demand is actually <u>derived demand</u>, which means that the demand for industrial products and services is driven by demand for consumer products and services.

8 0
3 years ago
For a sales​ promotion, the manufacturer places winning symbols under the caps of of all its soda bottles. If you buy a​ six-pac
Kaylis [27]

The probability that you win​ something will be 1.

What is an probability in statistics?

The probability serves as a gauge for how likely an event is to occur. It gauges how likely an event is. P(E) = Number of Favorable Outcomes/Number of Total Outcomes is the formula for probability.

Can the probability of an event be 1?

If the chance is 1, the event will occur. There would be nothing you could do to prevent a road traffic collision if the likelihood of one was 1. It will occur. In reality, probability connected to commonplace events ranges between 0 and 1.

Can a probability be negative?

Although a quasiprobability distribution permits a negative probability or quasiprobability for some events, the probability of the result of an experiment can never be negative. These distributions may be applicable to conditional probability or unobservable events.

Learn more about probability: brainly.com/question/14210034

#SPJ4

6 0
1 year ago
What is a reason that a person's personal life might not fit into the traditional nine-to-five work day?
AnnZ [28]
I think the answer is 4 all of the above.
7 0
3 years ago
Read 2 more answers
The following accounts and their balances were selected from the unadjusted trial balance of Point Loma Group Inc., a freight fo
defon

Answer:

Loma Group Inc.

Paid-in Capital Portion of the Stockholders' Equity:

Common Stock, 320,000 issued at $14 stated value

,   $4,480,000.00

Paid-In Capital in Excess of Stated Value-Common Stock  525,000.00

Preferred 2% Stock, $120 par                                            8,400,000.00

Paid-In Capital in Excess of Par-Preferred Stock                  210,000.00

Total Paid-in Capital                                                        $13,615,000.00

Explanation:

a) The Paid-In Capital in Excess of Stated Value-Common Stock:

As per trial balance       $480,000.00

Treasury Stock                  45,000.00

Total                              $525,000.00

b) The Paid-in Capital of the Stockholders' Equity is the element of Stockholders' Equity that includes only the paid-in capital (cash and other assets) received from stockholders.  This portion excludes the Retained Earnings and the memorandum record of the authorized share capitals.

8 0
3 years ago
Other questions:
  • In order to improve the cash flow of the company, neal emerald decided to postpone depositing all employment taxes a few months
    11·1 answer
  • In its Declaration of Secession, South Carolina uses the Declaration of Independence to establish:
    5·1 answer
  • Layla Fox is a creative, imaginative, artistically sensitive individual who loves to take on new opportunities. She is a success
    9·1 answer
  • Your coin collection contains fifty-four 1941 silver dollars. Your grandparents purchased them for their face value when they we
    14·1 answer
  • The term for a rise in prices of general consumer goods is
    15·1 answer
  • A company's weighted average cost of capital:_______.
    13·1 answer
  • The Wheeler-Lea Act: a. expanded the FTC's authority to regulate advertising. b. limited the FTC's authority to regulate only ad
    5·2 answers
  • A lawyer cannot represent both the plaintiff and the defendant because of
    10·1 answer
  • Coronado Industries makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense
    12·1 answer
  • ASAP!! Discuss Maslow’s Hierarchy of Needs Theory. In your opinion, is it a good motivator for employees to
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!