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4 years ago

EA17.

Business

1 answer:

exis [7]4 years ago

5 0

Answer:

$500 (Favorable)

Explanation:

Given that,

Production cost = $7 per unit

Fixed costs = $23,000 per month

Units produced = 5,500

Actual total costs = $61,000

Standard cost = Fixed cost + Variable cost

= $23,000 + ($7 × 5,500)

= $23,000 + $38,500

= $61,500

Variance = Standard cost - Actual total costs

= $61,500 - $61,000

= $500 (Favorable)

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3 years ago

Read 2 more answers

Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows. Sal

Damm [24]

Answer:

Total Break even sales = 154,000 units

Lawnmowers ($154,000 × 20%) = 30,800 Units

Weed-trimmers ($154,000 × 50%) = 77,000 units

Chainsaws ($154,000 × 30%) = 46,200 Units

Explanation:

As per the data given in the question, the computation is shown below:

Weighted contribution margin = Contribution margin × Sales mix

= (0.2 × 30) + (0.5 × $21) + (0.3 × $39)

= $28.2

Now, Total break even sales = Fixed cost ÷ Weighted contribution margin

= $4,342,800 ÷ $28.2

= 154,000 units

So classifications are as follows

Lawnmowers ($154,000 × 20%) = 30,800 Units

Weed-trimmers ($154,000 × 50%) = 77,000 units

Chainsaws ($154,000 × 30%) = 46,200 Units

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3 years ago

Which is an activity associated with accounting?

notsponge [240]

The activity associated with accounting is Summarizing and interpreting company financial information.

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1 year ago

Garda purchased $610,000 of merchandise in August and expects to purchase $730,000 in September. Merchandise purchases are paid

Basile [38]

Answer: $646,000

Explanation:

Cash payment for the month of September

August pmt = $610,000x 70%= $427,000

September pmt = $730,000 x 30%= $219,000

Total payment in September = $427,000 + $219,000 = $646,000

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3 years ago

Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased fr

andreyandreev [35.5K]

Answer:

Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased from 4.8% to 6.2%. The sacrifice ratio is:______

d. none of the above

Explanation:

a) Data and Calculations:

Old inflation rate = 3%

New inflation rate = 1.6%

Old unemployment rate = 4.8%

New unemployment rate = 6.2%

Ratio of old inflation rate to old unemployment rate = 3 : 4.8 = 0.625

Ratio of new inflation rate to new unemployment rate = 1.6% : 6.2% = 0.258

Sacrifice ratio = Difference between the two ratios = 0.367 (0.625 - 0.258)

b) The sacrifice ratio is the difference between the old ratio and the new ratio of inflation rate to unemployment rate.

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3 years ago