Answer:
$550 favorable
Explanation:
Douglas industries was involved in the manufacturing of 5,500 units of a product which required 2.5 standard hours per unit.
The standard fixed overhead cost per unit is $2.20 for each hour at 13,500 hours
Therefore, the fixed factory overhead volume variance can be calculated as follows
= (13,500-(5,500×2.5hours)×$2.20
= (13,500-13,750)×$2.20
= -250 × $2.20
= -$550
= $550 favorable
Hence the fixed factory overhead volume variance is $550 favorable
Answer:
A. Contribution margin increases and Break-even point decreases
Explanation:
False.
IRA = Individual Retirement Account
Companies that offer plans offer 401k.
Answer:
14 years
Explanation:
Given that
Inflation rate = 10%
Population growth = 5%
Real GDP growth rate = 5%
So based on Rule 70 we can double the real GDP per capita which is computed below:
= Rule 70 ÷ Real GDP growth rate
= 70 ÷ 5%
= 14 years
In 14 years, the country can double its real GDP per capita
Therefor, we divided the 70 by the real GDP growth rate to know the number of years to double it
Answer:
c. Do nothing with the information. The statistics reported are invalid
Explanation: