How do you know when a spreadsheet object is active in a PowerPoint presentation?

John Williams, manager of Phoenix Entertainment, wants to compute the variable overhead efficiency variance for the year. He has

jenyasd209 [6]

Answer:

$10,125 Favorable

Actual quantity of the cost-allocation base used - Actual quantity of the cost-allocation base that should have been used to produce the actual output) × Budgeted variable overhead cost per unit of the cost-allocation base

Explanation:

Variable overhead spending variance = Actual Spending - budgeted Spending based on actual quantity

Variable overhead spending variance = (Actual Input x Actual rate) - ( Actual input x Budgeted rate)

Variable overhead spending variance = (10,125 x $29) - ( 10,125 x $30)

Variable overhead spending variance = $293,625 - $303,750

Variable overhead spending variance = $10,125 Favorable

Variable overhead spending variance is

Actual quantity of the cost-allocation base used - Actual quantity of the cost-allocation base that should have been used to produce the actual output) × Budgeted variable overhead cost per unit of the cost-allocation base

4 0

2 years ago

In its first month of operation, Tamarisk, Inc. purchased 230 units of inventory for $8, then 330 units for $9, and finally 270

aivan3 [116]

Answer:

Phantom profit= $500

Explanation:

Giving the following information:

Purchased: 230 units for $8

Purchased: 330 units for $9

Purchased: 270 units for $10.

At the end of the month, 310 units remained.

The method with the highest ending inventory will result in the lowest cost of goods sold.

First, we need to calculate the ending inventory under FIFO method.

FIFO (first-in, first-out):

Ending inventory= 270*10 + 40*9= $3,060

Now, we calculate the ending inventory under the LIFO method and compare it with FIFO.

LIFO (last-in, first-out)

Ending inventory= 230*8 + 80*9= $2,560

Phantom profit= 3,060 - 2,560= $500

8 0

3 years ago

Complete the statements and then calculate the change in consumption. The consumption function shows the relationship between co

wel

Answer:

3821 irjejjejjwjwjwjdjdjskskskskakakakakskaka

3 0

2 years ago

Tina's Track Supply's market-to-book ratio is currently 4.5 times and PE ratio is 10.5 times. If Tina's Track Supply's common st

otez555 [7]

Answer:

$22.2222, $9.5238, respectively

Explanation:

The market-to-book ratio is given by a share's market value divided by its book value, if shares are selling for $100 on the market, the book value is:

$B = \frac{\$100}{4.5}=\$22.2222$

The price to earnings ratio (PE ratio) is determined as a share's price divided by the earnings per share. Earnings per share are:

$E=\frac{\$100}{10.5}\\E=\$9.5238$

The book value per share and earnings per share are $22.2222, $9.5238, respectively

5 0

2 years ago

Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid

grandymaker [24]

Answer:

$0.215

Explanation:

The computation of the cost per item in Group 1 is shown below:-

Candy amount paid = $3,100

Item received = 7,100

For Group 1

Sale value = Group 1 units × Selling price

= 2,110 × $0.15

= $316.5

For Group 2

Sale value = Group 2 units × Selling price

= 4,720 × $0.35

= $1,652

For Group 3

Sale value = Group 3 units × Selling price

= 270 × $0.71

= $191.7

= Total sale value = $316.5 + $1,652 + $191.7

= $2,160.2

So, Sale percentage for Group 1 = $316.5 ÷ $2,160.2

= 14.65%

Now, the proportion of cost for Group 1

= $3,100 × 14.65%

= 454.15

Cost per unit = Proportion cost ÷ Group 1 units

= $454.15 ÷ 2,110

= $0.215

4 0

3 years ago