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Ainat [17]
2 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]2 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

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purchased a new piece of equipment for its research lab on January 1, 2015 for $45,200. The equipment is expected to have a usef
Murljashka [212]

Answer:

The gain recognized on the equipment is $6,550

Explanation:

A straight-line depreciation method distributes depreciation costs evenly throughout the useful life of the equipment, and depreciation per year using this method is calculated thus:

Depreciation per year = (Cost of equipment - salvage value) ÷ useful life

= (45,200 - 6,100) ÷ 4 = 39,100 ÷ 4 = $9,775

This means that each year, the machine depreciates by a value of $9,775.

Next, we are given that the machine was sold for $32,200 after two years, to determine if a profit or loss was made, we will calculate the expected residual value after two years, and find the difference between this value and the selling price. The residual value is calculated thus:

Residual value = Cost of equipment - (depreciation per year × number of years used)

Residual value = 45,200 - ( 9,775 × 2 )

Residual value = 45,200 - 19,550 = $25,650

Difference between residual value and selling price = 32,200 - 25,650 = $6,550 (profit was made since the selling price was higher than the value of the equipment)

8 0
3 years ago
Which of the following is an example of an operational risk for a company that manufactures automobiles?A. A state tax increase
Vedmedyk [2.9K]

Answer:C. Damage to completed cars held on a storage lot

Explanation:

Operational risk are the hazards and the uncertainties that are faced by companies in the day to day activities. It may be caused as a result of system failure or manufacturing components.

An example of operational risk for a company that manufactures automobiles would be damage to completed cars held on a storage lot.

7 0
3 years ago
If investors believe that a stock is not providing a return that sufficiently compensates them for the risk of the stock, they w
jarptica [38.1K]

Answer:

<u>sell the stock which will drive it's expected return even lower.</u>

Explanation:

An investor wants to be compensated for the risk undertaken in the form of return. When investors believe that a stock is not providing sufficient return, such stocks would be sold by the investor.

When a stock is not performing well i.e it's current market price goes down, all the investors holding that stock will sell it , leading to it's market price going further down.

Since the market price goes further down, the expected return on such a stock would further decline.

3 0
2 years ago
The following information is available for Birch Company at December 31: Cash in registers $ 2,910 Investment maturing in 9 year
yan [13]

Based on the various account balances that Birch Company has, they should report a total of<u> $38,061 </u>for Cash and Cash equivalents.

Cash and Cash Equivalents are the actual cash that a company holds as well as those that can readily be converted to cash.

They include:

  • Actual cash
  • Cash in bank
  • Cash in petty cash
  • U.S. Treasury bills
  • Money market funds

The total of cash and cash equivalent here are:

<em>= Cash in registers + Cash in bank + Cash in petty cash + U.S. Treasury bills</em>

= 2,910 + 23,631 + 320 + 11,200

= $38,061

In conclusion, Birch Company has Cash and Cash Equivalents of $38,061.

<em>Find out more at brainly.com/question/9505730.</em>

3 0
2 years ago
At U.S. Data Corporation's web site, they advertised that "Because of our commitment to quality and our vast amount of industry
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Answer:

The answer is: D) frame

Explanation:

A human sampling frame is a list of individuals that you can draw a sample from.

For example, the firefighters bought the list of donors for finding potential donors for their cause. This list of donors would be considered the sampling frame and the donors that actually donate to them would be the sample.

8 0
3 years ago
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