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iris [78.8K]
3 years ago
13

Courington Detailing's cost formula for its materials and supplies is $2,420 per month plus $9 per vehicle. For the month of Aug

ust, the company planned for activity of 63 vehicles, but the actual level of activity was 33 vehicles. The actual materials and supplies for the month was $2,840.
Required:
1. The activity variance for materials and supplies in August would be closest to ______________.
Business
1 answer:
PSYCHO15rus [73]3 years ago
8 0

Answer:

$123 Unfavorable

Explanation:

Budgeted cost = $2,420 + (33 * $9) = $2,717

Actual cost = $2,840

Variance = Budgeted cost - Actual cost = $2,717 - $2,840 = $123 Unfavorable

Therefore, the activity variance for materials and supplies in August would be closest to <u>$123 Unfavorable</u>.

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From the list below, select the items that are classified as a materials activity. Select the correct answers. a.Raw materials u
USPshnik [31]

Answer:

A) Raw materials used

B) Raw materials beginning inventory

C) Raw materials purchases

Explanation:

When we are calculating the cost of goods sold, we must calculate total direct   materials used + total direct labor + overhead overhead costs applied.

To calculate how much direct (raw and intermediate) materials are used, we start with our beginning inventory of (raw and intermediate) materials + purchases of (raw and intermediate) materials - ending inventory of raw materials - indirect materials used.

Some industries only calculate raw materials used, but others might include intermediate components in the equation.

6 0
2 years ago
Riva crafts and sells hard cider as a part-time job. She can bottle and sell four cases in a week. She is considering hiring her
suter [353]

Answer:

7 cases

Explanation:

Based on the information provided in regards to the situation at hand it can be said that the maximum total output possible if Riva hires Atul would be 7 cases. This is because Riva can already package 4 cases per week by herself, and Atul can package 3 cases by herself per week, therefore working together they would be able to package a total of (3+4) 7 cases per week.

If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
For the current year ($ in millions), Centipede Corp. had $80 in pretax accounting income. This included warranty expense of $6
ASHA 777 [7]

Answer:

The correct option is B,$27.6 million

Explanation:

In order to compute Centipede Corp's taxable income for the current year,we need to adjust the pre-tax accounting income by adding back estimates of warranty and depreciation expenses,whereas the actual warranty and depreciation deductions allowed by the tax authority are deducted.

                                                    Million($)

Pre-tax accounting income              80

add:

estimated warranty expense            6

estimated depreciation expense      20

Total                                                    106

less:

actual warranty cost                             (2)

actual depreciation deductions          (35)

Taxable income                                    69

Since $69 million is not one of the options,hence the income tax payable is computed thus:

40%*$69 million=$27.6

5 0
3 years ago
As the _____________ complement for high-skill labor becomes cheaper, the demand curve for high-skill labor will shift to the ri
sammy [17]

Answer:

technology

Explanation:

7 0
2 years ago
A survey of pet owners found that on average, they spend $1,225 annually per pet, with a standard deviation of $275. between whi
Alla [95]

Based on the sample being normal, 95% of the survey's respondents will fall within $675 and $1,775.

<h3>Where will 95% of the respondents fall?</h3>

A 95% interval has a z value of 1.96.

The confidence interval would be:

= Sample mean ± z x (Standard deviation / √sample)

= 1,225 + 1.96 x (275 / √1)

= $1,764

= 1,225 - 1.96 x (275 / √1)

= $686

The closest figures from the options are $675 and $1,775.

Options for this question include:

  • $675 and $1,500
  • $675 and $1,775
  • $950 and $1,500
  • $950 and $1,775

Find out more on 95% confidence intervals at brainly.com/question/16974109.

#SPJ1

5 0
1 year ago
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