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PolarNik [594]
3 years ago
10

"Scott Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric

power. Total fixed costs are $23,000. At 12,000 units of production, a flexible budget would show:"
Business
1 answer:
Assoli18 [71]3 years ago
4 0

Answer:

Total costs= $75,000

Explanation:

Giving the following information:

For 10,000 units:

$40,000 for direct labor

$4,000 for electric power

Total fixed costs are $23,000

We need to determine the unitary variable cost for direct labor and electric power:

Unitary direct labor= 40,000/10,000= $4

Electric power= 4,000/10,000= $0.4 per unit

Now, for 12,000 units:

Total direct labor cost= 4*12,000= $48,000

Electric power= 0.4*12,000= $4,800

Fixed costs= 23,000

Total costs= $75,000

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maxonik [38]

Answer:

Big Money Monster

The spending variance for course supplies is:

$50 Unfavorable.

Explanation:

a) Data and Calculations:

                                       Fixed cost   Variable cost   Variable cost    Total

                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20

Course supplies                $1,000             $10                  $50

Administrative expenses $2,000            $20                  $30

Budgeted number of students = 300

Budgeted number of courses = 15

Actual number of students = 280

Actual number of courses = 18

Actual Faculty wages = $4,200

Actual Course supplies = $4,800

Budgeted Costs:

                                       Fixed cost   Variable cost   Variable cost    Total

                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20          $4,300

Course supplies                $1,000             $10                  $50            4,750

Administrative expenses $2,000            $20                  $30            8,450

Budgeted costs:

Faculty wages = $4,000 + $0 + $20 * 15 = $4,300

Course supplies = $1,000 + $10 * 300 + $50 * 15 = $4,750

Administrative expenses = $2,000 + $20 * 300 + $30 * 15 = $8,450

Budgeted Cost of Course Supplies = $4,750

Actual Cost of Course Supplies =         4,800

Spending variance for Course Supplies = 50 Unfavorable

4 0
3 years ago
At year end, CurlZ, Inc.'s inventory consists of 370 bottles of CleanZ at $3 per bottle and 270 boxes of DyeZ at $10 per box. Ma
sasho [114]

Answer:

$3,270

Explanation:

Inventory should be value at lower of cost and market value.

Bottles of CleanZ:

Cost of inventory = Bottles of CleanZ × Price per bottle

                             = 370 × $3

                             = $1,110

Market value of inventory:

= Bottles of CleanZ × Market value per bottle

= 370 × $3.20 per bottle

= $1,184

Lowest of cost and market value of inventory is $1,110.

Boxes of DyeZ:

Cost of inventory = Boxes of DyeZ × Price per box

                             = 270 × $10

                             = $2,700

Market value of inventory:

= Boxes of DyeZ × Market value per box

= 270 × $8 per box

= $2,160

Lowest of cost and market value of inventory is $2,160.

Therefore, the DyeZ. CurlZ should report its inventory at:

= Lowest of cost and market value of inventor for (CleanZ + DyeZ)

= $1,110 + $2,160

= $3,270

3 0
3 years ago
According to Vroom, a manager who presents the problem to the group at a meeting, defines theproblem and its boundaries, and the
Phantasy [73]

Answer:

The correct answer is C

Explanation:

Consult means that the person is seeking or giving advice whether in a group or individually. In this case, manager presents the problem to the group at the meeting, and their define the problem, facilitates discussion so that members could make the decision.

The manager is using the consult style which is individually for the participation of subordinate.

3 0
3 years ago
A group of individuals got together and purchased all of the outstanding shares of common stock of DL Smith, Inc. What is the re
kati45 [8]

Answer: (B) Cost of equity

Explanation:

 The cost of equity is basically refers to the return rate in an organization to the equity investors such as shareholders. The firms or organizations need to obtain the capital from he other firms for operating and the growth of an organization.

According to the question, the cost of equity is basically refers to the return that the individual wants to acquire on the investment when they purchased the common stock from the DL smith,Inc.

Therefore, Option (B) is correct answer.

3 0
2 years ago
If a functional manager will not release the resources you need as project manager, your best course of action is to:
lina2011 [118]

Answer:

A - adjust project schedules and priorities accordingly

Explanation:

As a project manager, one of your key traits is to be resourceful and be able to work with what you have, whether it is a small team or a lack of some physical supporting resources. One must be able to change the schedule and begin with tasks that do not need the resources that one is being starved. Prioritising will ensure that the project is nearing completion while negotiations for partial assistance are being done for the functional manager to release the required resources, failing which, top management needs to notified of the consequences and the cause of the delays in the project. Updating ones resume because of a negotiation problem does not help the situation. A project manager must be able to prioritise and implement key deliverables using alternative, available resources

6 0
3 years ago
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