8. Why is the vertical filing more scientific? Prove it with five<br>reasons.

Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overh

aalyn [17]

Answer:

$1,287 unfavorable

Explanation:

According to the scenario, computation of the given data are as follow:-

But before that we need to calculate the following things

Total Budgeted Fixed Cost

= Supervision Fixed Cost + Utilities Fixed Cost + Factory Depreciation Fixed Cost

= $15,510 + $14,800 + $59,780

= $90,090

Budgeted Fixed Manufacturing Overhead Rate

= Total Budgeted Fixed Cost ÷ Original Budgeted Machine Hours

= $90,090 ÷ 7,700 hours

= $11.7

Based on the above calculation, the overall fixed manufacturing overhead volume variance is

= Budgeted Fixed Manufacturing Overhead Rate × (Original Budgeted Machine Hours - Actual Output of Month Totaled)

= $11.7 × (7,700 hours - 7,590 hours)

= $11.7 × 110

= $1,287 unfavorable

According to the analysis, the overall fixed manufacturing overhead volume variance for the month is $1,287

8 0

3 years ago

When examining the Fed's balance sheet, in most periods, the two most important assets are: A. U.S. Treasury securities and

Allushta [10]

Answer: D. U.S. Treasury securities and Discount loans to banks.

Explanation: When examining the Fed's balance sheet, in most periods, the two most important assets are U.S. Treasury securities and Discount loans to banks. The Fed's balance sheet balance sheet includes a large number of distinct assets and liabilities containing a great deal of information about the scale and scope of its operations. Of these assets the U.S. Treasury securities and Discount loans to banks are paramount.

U.S Treasury securities are such as bills, notes and bonds issued by the U.S. government viewed as having virtually no credit risk. As such, they are debt obligations of the U.S. government.

Discount loans to banks are direct short term loans provided to banks by the Fed to meet temporary shortages of liquidity caused by internal or external disruptions.

5 0

3 years ago

A chemical company spent $ 530 comma 000 to produce 150 comma 000 gallons of a chemical that can be sold for $ 5.00 per gallon.

solmaris [256]

Answer:

If the company decides to process it further, it will increase operating income $68,000

Explanation:

Selling the chemical on processing,

the Sales will be = Gallons of chemical produce × Selling price per gallon

= 150,000 × $5

= $750,000

Cost of Processing the chemical = $530,000

Operating Income on selling the chemical:

= Sales - Cost of Processing the chemical

= $750,000 - $530,000

= $220,000

Total cost incurred to process the chemical into a weed killer:

= Cost of Processing the chemical +

= $532000 + $260,000

= $792,000

Sales of 150,000 gallons of weed killer:

= Selling price per gallon × Chemical produce

= $7.20 × 150,000 gallons

= $1,080,000

Operating income on processing to weed killer:

= Sales of 150,000 gallons of weed killer - Total cost incurred to process the chemical into a weed killer

= $1,080,000 - $792,000

= $288,000

So, If the company decides to process it further, it will increase operating income by:

= Operating income on processing to weed killer - Operating Income on selling the chemical

= $288,000 - $220,000

= $68,000

5 0

3 years ago

North Company has completed all of its operating budgets. The sales budget for the year shows 50,820 units and total sales of $2

Grace [21]

Answer:

We are given all the details of the activity and the results of those activities, like the cost and revenue.

The multi step income statement shall be as follows:

Income:

Revenue from Sales = $2,391,000

Other Income = $0

Total Revenue = $2,391,000

Expenses:

Cost of goods sold = $1,168,860

$23 $\times$ 50,820

Selling and Administrative = $303,100

Interest Expense = $13,060

Total Expenses = $1,485,020

Net Income before Taxes = $905,980

Less: Taxes on income = $220,400

Income from Continuing Operations = $685,580

7 0

3 years ago

What is the role of marketing?

Lana71 [14]

The role is to advertise and sell the product and persuade the buyer to buy ! I think that’s it

3 0

2 years ago

8. Why is the vertical filing more scientific? Prove it with fivereasons.​

8. Why is the vertical filing more scientific? Prove it with fivereasons.