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V125BC [204]
2 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]2 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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Which two lines intersect at level of output the firm is supplying if that business is earning zero economic profits?
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The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.

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Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.

Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.

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Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5% is to be maintained, this me
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7 0
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A key determinant of the price elasticity of supply is the
alina1380 [7]

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The ability of sellers to change the amount of the good they produce.

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