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V125BC [204]
3 years ago
12

Blumen Textiles Corporation began January with a budget for 90,000 hours of production in the Weaving Department. The department

has a full capacity of 100,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows:
Blumen Textiles Corporation began January with a b
The actual factory overhead was $782,000 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 92,500 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required.

a. Determine the variable factory overhead controllable variance.
b. Determine the fixed factory overhead volume variance.
Business
1 answer:
Stolb23 [73]3 years ago
7 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Blumen Textiles Corporation began January with a budget for 90,000 hours of production in the Weaving Department. The department has a full capacity of 100,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows:

Blumen Textiles Corporation began January with a b

The actual factory overhead was $782,000 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at an actual production volume of 92,500 hours.

A) We need the estimated overhead cost. So I will leave the formula.

factory overhead controllable variance= Actual overhead - estimated overhead

B) fixed factory overhead volume variance= budgeted fixed overhead - fixed overhead applied

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kari74 [83]

Answer: a. Liabilities increased by $1.0 million in 2018

Explanation:

In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.

The money remaining in cash after the wage settlement was:

= 9,000,000 - 2,000,000 - 8,000,000

= -$1,000,000

This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.

This account is a liability account so liabilities in 2018 would increase by $1,000,000.

6 0
3 years ago
________ distribution is a strategy in which producers of convenience prodcuts and raw material stock their products in as many
dem82 [27]

Answer:

Intensive Distribution

Explanation:

Intensive distribution is a strategy in which producers of convenience products and raw material stock their products in as many outlets as possible.

In this strategy, the producers of convenience products try to provide the product to the consumers where and when they want. In this way, consumers get brand exposure for any product they wish to buy and also it made convenient for them to buy the product. Example of such products are soaps, biscuits etc.

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5 0
3 years ago
Read 2 more answers
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 2.7 hours of direct labor at the r
In-s [12.5K]

Answer:

$ 2,829,276

Explanation:

The budgeted direct labour cost is going to be based on the budgeted production units.

Production budget = sales budget + closing inventory -opening inventory

Production budget = 46,000  - 140 + 580 = 45,560

Labour budget = Production budget× hours per unit

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6 0
2 years ago
Tayco Corporation has just paid dividends of $3 per share. The earnings per share for the company was $4. If you believe that th
tino4ka555 [31]

Answer:

the price earning ratio is 8.33

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Hence, the price earning ratio is 8.33

8 0
3 years ago
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inn [45]

Answer:

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5 0
3 years ago
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