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
Ainat [17]
3 years ago
7

The following data have been provided by Liggett Corporation: Budgeted production 7,400 units Standard machine-hours per unit 6.

6 machine-hours Standard lubricants rate $ 3.50 per machine-hour Standard supplies rate $ 2.00 per machine-hour Actual production 7,600 units Actual machine-hours (total) 49,840 machine-hours Actual lubricants cost (total) $ 179,821 Actual supplies cost (total) $ 98,933 Lubricants and supplies are both elements of variable manufacturing overhead. The variable overhead rate variance for lubricants is closest to:
Multiple Choice
a. $1,120 F
b. $5,381 F
c. $4,261 U
d. $5,381 U
Business
1 answer:
abruzzese [7]3 years ago
5 0

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Budgeted production 7,400 units Standard machine-hours per unit 6.6 machine-hours Standard lubricants rate $ 3.50 per machine-hour

Actual production 7,600 units Actual machine-hours (total) 49,840 machine-hours Actual lubricants cost (total) $ 179,821

Manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

Manufacturing overhead spending variance= (3.5 - 3.607965)*49,840= 5,381 unfavorable

You might be interested in
The notes to a recent annual report from Weebok Corporation indicated that the company acquired another company, Sport Shoes, In
navik [9.2K]

Answer:

$221,500

Explanation:

The computation of the amount of the goodwill is shown below:

Goodwill = Acquiring value - fair market value of all assets

where,

Acquiring value = $502,000

And, the fair market value of all assets is

= Account receivable market value + inventory market value + fixed assets market value + other assets market value

= $35,000 + $183,000 + $46,500 + $16,000

= $280,500

So, the goodwill is

= $502,000 - $280,500

= $221,500

3 0
3 years ago
Refer to the accompanying graphs for a competitive market in the short run. What will happen to the representative firm's econom
Korvikt [17]

Answer and Explanation:

profit will increase to zero .

Currently the firm is incurring loss as price is less than ATC. In the long run firms will exit.

4 0
3 years ago
PLEASE HELP!
vesna_86 [32]
I would say the third sentence. Proper planning and supervision is of utmost importance while catering to the client. I say this because the word diligence means, careful and persistent work or effort. This shows that the work is carefully planned. That's my opinion and not a fact so don't trust this unless my reasoning convinces you.
7 0
3 years ago
The amount of the check is written in how many places?
Evgen [1.6K]
2

In numerical form on the left and written out on amount line
4 0
3 years ago
Read 2 more answers
The perfectly price-discriminating monopolist is like the __________ in this regard.
Nadusha1986 [10]

Answer:

The correct answer is perfectly competitive firm.

Explanation:

The discriminating monopoly of prices is that where each unit of the product is placed at a different rate. That is, the seller charges each customer differently, depending on various factors such as the budget constraint.

The marginal income curve of the monopolist that can discriminate perfectly is exactly the same as its demand curve. The level of production maximizing the benefit of the benefit is Q *, which is the one in which the CMC curve is cut and the demand, the economic benefit (II).

8 0
3 years ago
Other questions:
  • Reviewing census data to see how many seniors over 55 are near your proposed location is an example of:
    12·1 answer
  • Which of the following is true about solving problems?
    7·2 answers
  • Which is an example of a withholding you might see on your pay stub?
    10·1 answer
  • Winter Company has no beginning and ending inventories, and reports the following data about its only product: Direct materials
    11·2 answers
  • In response to digital marketing strategies, consumers are changing their information searches and _______ to fit with the emerg
    7·1 answer
  • You can invest in taxable bonds that are paying a yield of 9.4 percent or a municipal bond paying a yield of 7.65 percent. Assum
    7·1 answer
  • What is the difference between monetary policy and fiscal policy
    11·1 answer
  • Briefly explain what the term "balance of trade" refers to from a macroeconomic perspective and include a brief description of h
    11·2 answers
  • Consider the following project network and activity times (in weeks): Activity A B C D E F G H Time 5 3 7 6 7 3 10 8 How much ti
    6·1 answer
  • Sampson Company's accounting records show the following for the year ending on December 31, 2022. Purchase Discounts $ 11200 Fre
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!