Answer:
variable overhead efficiency variance= $5,900 favorable
Explanation:
Giving the following information:
Standard Variable overhead:
0.5 hours
$5.00 per hour
Actual output= 3,400 units
Actual direct labor-hours= 520 hours
To calculate the variable overhead efficiency variance, we need to use the following formula:
variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
variable overhead efficiency variance= (1,700 - 520)*5= $5,900 favorable
Answer:
$20,670
Explanation:
Firm A Firm B
Actual Dumping 157 183
Pollution Permits Allotted <u> 11 </u> <u> 11 </u>
Reduction Required 146 172
Cost of Dumping 1 ton $160 $65
As the cost of dumping to Firm A is $160 which is higher than the marginal cost of dumping of Firm B which is $65, so it is better that Firm B take benefit from it by selling it at $65. So now total tons require dumping is 318 tons (146 + 172).
Total cost of reducing pollution = 318 tons * $65 = $20,670
Answer:
Beginning and Ending
Explanation:
COGM stands or termed as Cost of goods manufactured, which is used in the managerial accounting, it refers to the statement, which shows the aggregate production costs of the company or business during a particular period of time.
In short it is the aggregate cost which is incurred to manufacture the products and transfer the products into the finished goods inventory for the purpose of retail sale.
The formula to evaluate the COGM is:
COGM = Cost of Manufactured goods (involve Direct Materials Used, Manufacturing Overhead and Direct Labor Used) + Starting Work in Process (WIP) Inventory - Ending Work in Process (WIP) Inventory
The correct answer is C. The total value of both investment after a given time will stay the same. Investments involves putting up money or assets into use with an aim of generating and creating more income. Therefore in this case if one income is generating income while the other is generating losses, then the overall investment from the two investment remains the same.
Answer:
Hie, the <em>price schedule is missing</em> from your question however the important principles are explained below.
a. The optimal order quantity
Optimum order quantity is the order level that results in minimum ordering costs and holding costs.
Optimum order quantity = √ (2 × Annual Demand × Cost per order) / holding cost per unit
b. The number of orders per year.
orders per year = Annual Demand / optimal order quantity
This calculates the number of orders to be placed during the year at the optimum order quantity.