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Margaret [11]
3 years ago
12

Overhead cost variance is: Multiple Choice The difference between the actual overhead incurred during a period and the standard

overhead applied. The difference between actual and budgeted cost caused by the difference between the actual price per unit and the budgeted price per unit. The costs that should be incurred under normal conditions to produce a specific product (or component) or to perform a specific service. The difference between the total overhead cost that would have been expected if the actual operating volume had been accurately predicted and the amount of overhead cost that was allocated to products using the standard overhead rate. The difference between the overhead costs actually incurred and the overhead budgeted at the actual operating level.
Business
1 answer:
mezya [45]3 years ago
3 0

Answer:

The difference between the actual overhead incurred during a period and the standard overhead applied.

Explanation:

As we know that

The variance is the difference between the actual volume or amount and expected or standard volume or amount

So the overhead variance is the difference between the actual overhead incurred and the standard overhead applied

Plus if the standard is more than the actual than it would be favorable otherwise unfavorable

Therefore, the first option is correct

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On January 1, 2019, Richard Corporation acquired machinery at a cost of $750,000. The corporation adopted the double-declining b
butalik [34]

Answer:

The depreciation for the year 4 is $54,857.

Explanation:

The double declining depreciation method would be used which is as under:

Double Declining depreciation = (Cost - Acc. Depreciation) * 2 / Useful life

Now by putting values, we have:

Y1 Depreciation = ($750,000 - 0) * 2 / 10 years = $150,000

Y2 Depreciation = ($750,000 - 150,000) * 2 / 10 years = $120,000

Y3 Depreciation = ($750000 - $150,000 - $120,000) * 2 / 10 years

= $96,000

Now from year 3 onward, the depreciation method was straight-line and which can be calculated as under:

Straight-line Depreciation = (Cost - Salvage value) / Useful Life

Here

Cost = $750000 - $150,000 - $120,000 - $96,000= $384,000

Remainder life is 7 years

Now by putting values, we have:

Y4 Depreciation = ($384,000 - 0) / 7 years = $54,857

5 0
3 years ago
Which of the following statements is CORRECT?a. When diversifiable risk has been diversified away, the inherent risk that remain
densk [106]

Answer:

The SML relates a stock's required return to its market risk. The slope and intercept of this line cannot be controlled by the firms' managers, but managers can influence their firms' positions on the line by such actions as changing the firm's capital structure or the type of assets it employs.

Explanation: The SML can help to determine whether an investment product would offer a favorable expected return compared to its level of risk. The formula for plotting the SML is: Required Return = Risk-Free Rate of Return + Beta (Market Return - Risk-Free Rate of Return).

8 0
3 years ago
If you receive a loan the money the lender gives you is called
garik1379 [7]
When you receive a loan, the money the lender gives you is called the LINE OF CREDIT. Answer B. 
3 0
2 years ago
Grace Co. can further process Product B to produce Product C. Product B is currently selling for $21 per pound and costs $14 per
Leno4ka [110]

Answer:

Differential revenue  = $21 per pound

so here correct option is a.$21 per pound

Explanation:

given data

Product B

currently selling = $21 per pound

costs =  $14 per pound

Product C

sell = $42 per pound

additional cost = $11 per pound

to find out

differential revenue of producing and selling Product C

solution

we get here differential revenue that is express as  

Differential revenue = selling price product C  -  selling price product B   ..........1

put here value we get

Differential revenue = $42 - $21

Differential revenue  = $21 per pound

so here correct option is a.$21 per pound

4 0
3 years ago
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,520,000. Hard
Serggg [28]

Answer:

$123,630.2

Explanation:

Harding Corporation

33%× $1,520,000=$501,600

$501,600-$18,000=$483,600

$483,600/$1,060,000 units

=$0.4562

=45.62 per unit

$0.4562x 271,000 units = $123,630.2

Or

($501,600 cost of equipment (33% of $1,520,000 purchase price) minus $18,000 salvage value) / $1,060,000 units = $0.4562 per unit.

$0.4562x 271,000 units = $123,630.2

Therefore the amount below which is closest to the amount Harding will record for depreciation expense for the equipment in the first year is $123,630

5 0
3 years ago
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