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77julia77 [94]
3 years ago
12

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.

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On January 15, the end of the first biweekly pay period of the year, North Company's payroll register showed that its employees
Elanso [62]

Answer:

Please check the images attached below

Explanation:

Salaries Payable = (Salariesexpense - Socialsecurity taxes - Medicaretaxes - Incometaxes - MedicalcareInsurance Education - Union dues)

=$28,000−$1,736−$406−$3,800−$678−$190

=$28,000−$6,810

=$21,190

Hence, the salaries payable are $21,190.

Compute the social security taxes using the equation as shown below:

\begin{array}{c}\\{\rm{Social security taxes}} = {\rm{FICA tax rate}} \times {\rm{Salaries expense}}\\\\ = 6.2\% \times \$ 28,000\\\\ = \$ 1,736\\\end{array}  

Socialsecuritytaxes=FICAtaxrate×Salariesexpense

=6.2%×$28,000

=$1,736

​  

Hence, social security taxes are $1,736.

Compute the Medicare taxes using the equation as shown below:

 

Medicaretaxes=Medicaretaxrate×Salariesexpense

=1.45%×$28,000

=$406

​  

Hence, Medicare taxes are $406.

​

4 0
3 years ago
Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only o
Savatey [412]

Answer and explanation:

a.

the table below shows the impact of dropping beta product

Loss of Contribution Margin if Beta is Dropped (75,000*64) -$4,800,000

Traceable Fixed Manufacturing Overhead (123,000*33)          $4,059,000

Incremental Contribution Margin from Additional Alpha Sales (15,000*72)

                                                                                                        $1,080,000

Increase in Net Operating Income if Beta is Dropped          $339,000

Notes:

Contribution Margin Per Unit (Beta) = 150 (Selling Price) - 15 (Direct Material) - 28 (Direct Labor) - 20 (Variable Manufacturing Overhead) - 23 (Variable Selling Expenses) = $64 per unit

Contribution Margin Per Unit (Alpha) = 195 (Selling Price) - 40 (Direct Material) - 34 (Direct Labor) - 22 (Variable Manufacturing Overhead) - 27 (Variable Selling Expenses) = $72 per unit

check the attached files for additional details

where 9=b, 10=c, etc

6 0
3 years ago
A registered representative has left a firm and joined another. The new firm must obtain a copy of the form u-5 filled out by th
Paraphin [41]

The new firm obtains a copy of the form from the new employee and from FINRA's Central Registration Depository.

A firm is a for-income enterprise, commonly fashioned as a partnership that offers expert services, which include legal or accounting services. The concept of the firm posits that companies exist to maximize profits.

A firm is an enterprise that seeks to make a profit thru the sale of products and offerings. The time period firm is synonymous with enterprise or corporation. Firms can function beneath numerous special systems, together with sole proprietorships and companies.

The adjective company describes something this is strong and unwavering. if your top-notch Aunt Martha had a firm notion that kids need to be visible and now not heard, you and your siblings might have spent your early life using her loopy. something this is stable can also be defined as firm.

Learn more about firms here brainly.com/question/24448358

#SPJ4

7 0
2 years ago
At​ ch2m hill, dan​ anderson, planning project​ manager, suggests that in a flat structure like​ theirs, at times project manage
belka [17]
The style of leadership that most directly aligned with this behavior is SUPPORTIVE.
A supportive leadership style is one which seeks to reduce the employees' stress and frustration at the work place by motivating them. This style is especially effective, if the type of work that the employees are undertaking is stressful, dangerous and tasking. 
4 0
3 years ago
Consider the three mutually exclusive alternatives below. Determine which alternative is preferable at an interest rate of 9% pe
laila [671]

Answer:

a. AW, A($) = 79646

b. AW, B ($) =  29,367

c. AW, C ($) = 80738

Explanation:

Solution:

First of let's sort out the data given for all three alternatives:

Alternative A:

Capital Investment = $400,000

Annual Expense = $189,000

Annual Revenue = $309,000

Salvage Value = $65,000

Life = 24 Years

Alternative B:

Capital Investment = $230,000

Annual Expense = $122,500

Annual Revenue = $222,500

Salvage Value = $180,000

Life = 5 Years

Alternative C:

Capital Investment = $150,000

Annual Expense = $134,000

Annual Revenue = $234,000

Salvage Value = $130,000

Life = 12 Years

a.

AW, A($) = - 400,000 x A/P(9%, 24) + (309,000 - 189,000) + 65,000 x P/F(9%, 24) x A/P(9%, 24)

AW, A($) = - 400,000 x 0.103 + 120,000 + 65,000 x 0.1264 x 0.103

AW, A($) = - 41,200 + 120,000 + 846.25

AW, A($) = 79646

b.

AW, B ($) = -230,000  x A/P(9%, 5) + (222,500 - 134,000)

AW, B ($) = -230,000  x 0.2571 + (222,500 - 134,000)

AW, B ($) =  29,367

c.  

AW, C ($) = - 150,000 x A/P(9%, 12) + (234,000 - 134,000) + 130,000 x P/F(9%, 12) x A/P(9%, 12)

AW, C ($) = - 150,000 x 0.1397 + 100,000 + 130,000 x 0.3555 x 0.1397

AW, C ($) = - 20,955 + 100,000 + 1,692.50

AW, C ($) = 80738

7 0
3 years ago
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