A: Is larger than the firms variable cost.
Answer:
b. $1,419 unfavorable
Explanation:
The computation of the fixed manufacturing overhead volume variance is shown below:-
Fixed manufacturing overhead volume variance = Budgeted fixed overhead - standard fixed overhead
First we compute the computing the Budgeted Fixed overhead and Standard fixed overhead
Budgeted Fixed overhead = $14,310 + $13,600 + $57,230
= $85,140
Standard fixed overhead = Standard hours allowed for actual output × Overhead rate
= $6,490 × ($85,140 ÷ $6,600)
= $83,721
Now, we will put it into formula of Fixed manufacturing overhead volume variance =
$85,140 - $83,721
= $1,419 Unfavorable
Answer:
Rodgers can hedge its foreign risk by using a Contract to buy Yuan in the futures market today at an agreed upon price in 90 days.
Explanation:
Solution
Since Rodgers receives a delivery of paper from the Chinese Company and pays the company in Yuan, so he has to hedge his exchange rate risk by buying or purchasing Yuan future contract for 90 days.
So, Rodgers Incorporation should make a contract to buy Yuan in the future market today at an agreed price in 90 days.
Answer:
b. opportunity cost
Explanation:
<u>The opportunity cost is a term for a process when one thing is chosen and the other alternatives are lost as a cost. </u><u>This is one of the key concepts in economics</u>, as it explains the gain, costs, benefits, and choices. It doesn’t only have to refer to the money cost, but to any loss, that is made during the process of choosing between the alternatives.
The profit and benefits of other choices are lost by making a decision to chose one thing, and benefiting it from it alone.
Answer:
Date - December 14, 2020
Debit : Dividend $16,000
Credit : Shareholders for dividends $16,000
Date - January 16, 2021
Debit : Shareholders for dividends $16,000
Credit : Cash $16,000
Date - December 12, 2021
Debit : Dividend $62,000
Credit : Shareholders for dividends $62,000
January 15, 2022
Debit : Shareholders for dividends $62,000
Credit : Cash $62,000
Explanation:
Dividends are initially declared before they are paid to the respective shareholders. So it is important to first record the journal at the <em>declaration date</em> of the dividend, then the <em>payment date</em> of the dividend as shown above.
