1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bulgar [2K]
2 years ago
6

The data below relate to the month of April for Monroe, Inc., which uses a standard cost system and a two-variance analysis of f

actory overhead:
Actual direct labor hours used

16,500

Standard direct labor hours allowed

16,250

Actual total factory overhead

$53,200

Budgeted fixed factory overhead

$12,000

Budgeted activity in hours

16,000

Total overhead application rate per standard direct labor hour

$3.25

Variable overhead application rate per standard direct labor hour

$2.50

What was Monroe's production-volume variance for April?

a.

$187.50 favorable

b.

$187.50 unfavorable

c.

$437.50 favorable

d.

$437.50 unfavorable
Business
1 answer:
Contact [7]2 years ago
7 0

Answer:

Fixed overhead absorption rate

= <u>Budgeted fixed overhead</u>

  Budgeted activity level

= $<u>12,000</u>

    16,000 hours

= $0.75 per hour

Production volume variance

= (Standard hours - Budgeted hours) x Fixed overhead rate

= (16,250 - 16,000) x $0.75

= $187.5(F)

The correct answer is A

Explanation:

First and foremost, we need to calculate fixed overhead absorption rate, which is the ratio of budgeted fixed overhead to budgeted hours. then, we will calculate the production volume variance, which is the difference between standard hours and budgeted hours multiplied by fixed overhead absorption rate.

You might be interested in
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai
il63 [147K]

Answer:

Closing inventory - $10,160

Costs of goods sold - $9,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= April 23 units × cost per unit + Remaining units × cost per unit

= 300 units × $22 + 150 units × $20

= $6,600 + $3,000

= $9,600

Since the firm has sold 450 units, so out of which 300 units sold at a price of $22 and the remaining 150 units sold at a price of $20

The ending inventory equals to

= Remaining units × cost per unit + April 1 × cost per unit

= 270 units × $20 + 280 units × $17

= $5,400 + $4,760

= $10,160

Since on April 23, the 420 units were purchase, out of which 150 units are transferred to the cost of good sold and the remaining units 270 units at $20 is transferred to the ending inventory

8 0
2 years ago
Which type of market research data is Roland about to analyze? Roland works as a researcher for his manufacturing firm. He has c
lozanna [386]

Answer:

Roland works as a researcher for his manufacturing firm. He has conducted primary research to collect relevant market research data that will help his firm. He decided to use mathematical and statistical tools to analyze the data because the data is in nature.

Roland is about to analyze primary market research data.

Explanation:

Primary data are always in a state of nature.  Primary data are collected by Roland before analysis are from first-hand or primary sources.  For Roland to acquire the data, he must use primary research methods like surveys, interviews, or experiments. Because primary data are acquired with the research project in mind and directly from primary sources, they are contrasted with secondary data.  Secondary data were acquired by some other researchers and used in their analyses before being collected by another researcher as a basis for research continuation.

8 0
2 years ago
Of the approximately 27.3 million small businesses in this country, ____ have no employees.
jenyasd209 [6]
<span>Approximately 90% of all small businesses have no employees. These would be the businesses run by a single person or a partnership, with no outside help having been hired to help with the duties of the job. This shows that a great percentage of these businesses are one- and two-person endeavors, while the larger small businesses are a distinct minority.</span>
3 0
3 years ago
A pension plan helps pay for ______.
GrogVix [38]
C retirement benefits.  This is why retirees are sometimes called "pensioners"
4 0
3 years ago
Read 2 more answers
Mack writes a check to his maid, Marianne, in payment for services rendered. Marianne indorses the check in blank and gives the
Vilka [71]

Answer:

Mack, Marianne, and Martin

Explanation:

Based on the information provided within the question it can be said that in this scenario if the bank dishonors the check St. Mark can look for recovery from Mack, Marianne, and Martin. This is due to the fact that they all endorsed the check. This is because by endorsing the check you are signing the back of it which means that you are making it payable to someone else, and if the check is not accepted you are taking responsibility for paying that person. Which Mack, Marianne, and Martin all endorsed the check.

5 0
3 years ago
Other questions:
  • Choose all the permanent accounts. Group of answer choices Fees Earned Common Stock Dividends Depreciation Expense Office Equipm
    14·1 answer
  • A company is considering purchasing a machine for $21,000. The machine will generate income from operations of $2,000; annual ne
    14·1 answer
  • A timeline is not a graphic organizer. Please select the best answer from the choices provided True or False
    15·2 answers
  • The move of retail banking to use ATMs after Citibank unveiled its first ATMs illustrates the use of information systems to achi
    6·1 answer
  • There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the second house
    6·1 answer
  • Joe is a single, self-employed individual who owns his own business. During 2019, Joe reported $200,000 gross income and $60,000
    7·1 answer
  • List 5 common advertising techniques.
    15·1 answer
  • Which of the following is NOT a requirement for using the transportation​ model? A. the capacity or supply per period at each or
    12·1 answer
  • When the interest rate on a bond is​ ________ the equilibrium interest​ rate, in the bond market there is excess​ ________ and t
    14·1 answer
  • Which of the following is a characteristic of utility?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!