All categories

3 years ago

The following information is for the standard and actual costs for the Happy Corporation:

Business

1 answer:

kap26 [50]3 years ago

3 0

Answer:

a. 24,000 unfavorable

Explanation:

Quantity Variance = Standard Price ( Actual Quantity - Standard Quantity Allowed)

= $12 per pound (8 lbs.*16,500 lbs-8 lbs.*16,000)

= $ 12 (132,000 lbs-130,000 lbs) = $ 12 (2000)= 24,000 unfavorable

It is unfavorable because the actual quantity used is more than the standard quantity allowed.

Quantity variance is obtained by multiplying the standard price with the difference in the actual quantity used and the standard quantity allowed.

You might be interested in

Bric Autos Inc., a Campora-based automobile company, made a capital investment of $300,000 to set up production units and distri

MrMuchimi

The given investments are best known as Foreign direct investments .

Explanation:

Foreign direct investment (FDI) is an offer made by an individual Situated in some other nation in the context of holding ownership of an enterprise in one country. Therefore, the principle of direct control separates itself from an investment in a foreign fund.

For open markets instead of regulated equity markets, FDIs are widely used.

Types of Foreign direct investment are horizontal, vertical and multinational. In another region, Horizontal defines the same company category, while vertical is related but separate, and conglomerates are different firms.

FDI to the US is continuously tracked by the Bureau of economic analysis.

The example of an FDI is Apple's venture in China.

7 0

3 years ago

Amanda is depressed, and blames herself for her recent job loss. Her therapist suggests that her depression results from this se

MAVERICK [17]

Answer:

Social Cognitive Perspective.

Explanation:

This theory focuses on how we interact with our environment. Is the believing of the capability of oneself of successfully performing certain behaviors or reaching certain goals. Behavior is influenced by the interaction between our traits (including our thinking) and our social context.

Perspective stating that understanding personality involves considering the situation and thoughts before, during, and after an event.

The three main factors are:

- Thoughts : The interaction between the person and their behaviour is influenced by their thoughts and actions.

- Environment : The interaction between the person and environment involves beliefs and cognitive competences developed and modified by social influences.

- Behaviors: The interaction between the environment and their behaviour involves the person´s behaviour determining their enviroment, which in turn, affects their behaviour.

4 0

3 years ago

Blake Company purchased two identical inventory items. The item purchased first cost $18.00, and the item purchased second cost

murzikaleks [220]

Answer:

c. Ending inventory will be lower if Blake uses weighted average than if FIFO were used

Explanation:

To check which answer is correct, we simply evaluate each option step by step.

Option A

Gross margin is the difference between selling price and cost.

Under FIFO gross margin is $14. (32 -18 =14)

Under LIFO gross margin is $13. (32-19 = 13)

Thus statement is incorrect as gross margin is higher if FIFO is used.

Option B

If FIFO is used, the dollar amount of ending inventory will be $19 as ending inventory will contain product purchased later that is at $19. In contrast, if LIFO is used, the dollar amount of ending inventory will be $18. Thus the statement becomes incorrect that it will be the same.

Option C

The ending inventory under FIFO is $19.

The ending inventory under LIFO is $18

The endng inventory under AVCO or weighted average will be, 18+19 / 2 = 18.5

Thus the statement is correct as the ending inventory under weighted average $18.5 is lower than ending inventory under FIFO $19. So, C is the correct Answer.

3 0

3 years ago

Dog Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day.

lara [203]

Answer:

Dog Kennel

The revenue variance for March would be closest to:

= $1,028 U

Explanation:

a) Data and Calculations:

Budgeted kennel tenant-days = 3,100

Actual kennel tenant-days = 3,120

Fixed element Variable element Total

per month per tenant-day

Revenue - $ 34.00 $105,400

Wages and salaries $ 2,000 $ 7.00 $23,700

Food and supplies 1,000 13.50 42,850

Facility expenses 7,500 2.50 15,250

Administrative expenses 6,000 0.10 6,310

Total expenses $ 16,500 $ 23.10 $88,110

Actual results for March:

Revenue $ 104,372

Wages and salaries $ 28,500

Food and supplies $ 44,025

Facility expenses $ 14,900

Administrative expenses $ 7,090

Total expenses $94,515

Revenue variance for March would be closest to: $1,028 U ($105,400 - $104,372)

6 0

2 years ago

Which type of investment would be an example of an investment at point B? a US savings bond a CD a stock a savings account.

Assoli18 [71]

There are different types of investment. The type of investment would be an example of an investment at point B is a stock.

When you look at the graph, you will see a rise from point A to both B. With this, you can know that the asset class that has highest risk and also has the highest return is a stock.

There are different kinds of investments. They includes stocks, real estate, etc. The intention of the buyer is that they will increase the value of their savings/money over time.

Learn more about Stocks from

brainly.com/question/11514232

7 0

2 years ago