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IrinaVladis [17]
3 years ago
12

In October, Pine Company reports 18,600 actual direct labor hours, and it incurs $126,540 of manufacturing overhead costs. Stand

ard hours allowed for the work done is 22,200 hours. The predetermined overhead rate is $5.75 per direct labor hour. Compute the total overhead variance.
Business
1 answer:
VladimirAG [237]3 years ago
7 0

Answer:

The total overhead variance in hours taken is 3,600 hours

The total overhead cost variance is $1,110

Explanation:

The variance is about the different between budget/ standard and actual figures.

Standard hours allowed for the work done is 22,200 hours; and the predetermined overhead rate is $5.75 per direct labor hour. So total cost budgeted for work done is $127,650 = $5.57 x 22,200 hours

The total overhead variance in hours taken  = standard hours of 22,200 - actual direct labor hours of 18,600 = 3,600 hours

The total overhead cost variance  = standard cost - actual cost = $127,650  - $126,540 = $1,110

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pshichka [43]

the answer to this question is 4.70%

7 0
3 years ago
Describe the advantages that llc and S corporation‘s passed through entitles have relative to c-corporations
Anit [1.1K]

Answer:

Single-layer taxation

Explanation:

Limited liability companies and S corporations are able to pass through their income as the owner's income. "LLC and S corporations" are entities, unlike the C corporation.

Pass-through entities have a taxation advantage over non- pass-through entities. In tax computation, a pass-through entity passes its income or losses as those of its owners; hence the entity will not be subject to income tax. The business profits are treated as income to the owners, who will pay individual tax income. LLC and S corporation have only one layer of taxation.

A  C corporation is subject to taxation as an independent entity. The directors have to file corporate tax returns on behalf of the business based on the company profits. The business profits are distributed to the shareholder as dividends. The shareholders have to pay tax on the dividend received as part of their income tax. The shareholders are double-taxed, as the business owners- corporate tax and as individuals - income tax. Double layer taxation.

4 0
3 years ago
Which of the following best describes the purpose of making an investment
LUCKY_DIMON [66]

Answer:

b.) to use money to make more money

Explanation:

<em>The correct reason for making investments would be </em><em>to use money to make more more money.</em>

<u>A financial investment represents the act of allocating money to a process or an item in order to reap profit or generate income in the short term, the long term, or both. </u>

An investment can be in the form of purchased goods or services that can later be sold at a higher amount. It can also be an item or service that will be yielding immediate income while preserving all or parts of its original value.

The money made on an investment is referred to as gains o returns.

<em>The correct option is </em><em>b</em><em>.</em>

3 0
3 years ago
Crunch Lite produces six different flavors of sugar-free cookies for the diabetic population. The company also produces a large
Marizza181 [45]

Answer:

Here both the sugar free cookies and chocolates manufactured by Crunch line comes under their product line.

Explanation:

A Product line for a company can be defined as a group of similar type of products , which are all marketed and sold by a company under the same brand name. Sugar free cookies and chocolates comes under the product line of crunch lite , which produces various flavors of these products and company here is trying to distinguish these products from each other for the ease of use ability for customers.

7 0
3 years ago
Columbus Manufacturing's stock currently sells for $ 23.57 a share. The stock just paid a dividend of $2 a share (i.e.,D0=2). Th
Rina8888 [55]

Answer:

Required rate of return is 14.99%

Explanation:

Given:

Price of stock (Po)= $23.57

Dividend (Do) = $2

Growth rate (g)= 6% or 0.06

Using dividend growth model to calculate required rate of return:

r=\frac{d_{0}\left ( 1+g \right )}{P_{o}}+g

Substituting values in above formula, we get:

r = r=\frac{2\left ( 1.06 \right )}{23.57}+0.06

 = 0.1499 or 14.99%

Therefore, required return of company's stock is 14.99%

6 0
3 years ago
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