Answer:
Variable overhead efficiency variance = $2,212unfavorable
Explanation:
variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected.
Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance
Hours
5,400 units should have taken (5,400×3.8 hours) 20,520
but did take <u> 20,800</u>
Labour hours variance 280 unfavorable
Standard variable overhead rate × <u>$ 7.90</u> per hour
Variable overhead efficiency variance $2,212 unfavorable
Variable overhead efficiency variance = $2,212unfavorable
0.08x+0.085 (10000-x)=842.50
Solve for x
X= 1500 invested at 8%
10000-1500=8,500 at 8.5%
The answer to this would be the 4th option. Because monopolies allow businesses to compete against each other for profit and reputation. Without monopolies, people would only choose one company over the other because it just is more superior. Monopolies is what make businesses grow, and unfortunately, they aren't a good thing at times.
Answer:
$45.027 million
Explanation:
The accounting equation shows the relationship between the various elements of the balance sheet. These are the assets, liabilities and equity. It is given as
Assets = Liabilities + Equity
The owner's equity is made up of the common stock and retained earnings (which is the net income less dividend paid over the period).
Equity = $125.989 million - $77.152 million
= $48.837 million
Retained earnings = Equity - Common stock
= $48.837 million - $3.810 million
= $45.027 million
Digby Corporation's retained earnings is $45.027 million