Answer: The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. (Option C).
Explanation:
Some of the goals of manufacturing companies are to increase company’s revenue and profit. To achieve this, a company needs to know how to manage its costs and these may cause variances in manufacturing.
The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. These costs are the differences between the actual cost incurred and the set cost. These variances help managers to know if the company is meeting up to the required standard.
Answer:
D. environmental uncertainty.
Explanation:
This could be explained to be a condition or situation when an organisation in form of a firm is said to have little or no information about its external environment and in this condition, making it unpredictable; especially when not expected. In other words, the term environmental uncertainty can be easily explained to be unpredicted, unexpected uncertainties that are said to happen in an external environment.
Global warming can be capitalized to be one of the physical and major environmental uncertainties that occurs in such a place.
In this type of situation, both Ramsay and the company will be investigated for the tax fraud case. Even if Ramsay was found not guilty, the company will still be investigated since the company is a separate entity and there is an alleged big amount hidden in company's assets. If the company is found guilty, it will still be liable for the case even if Ramsay was found not guilty. Most likely, the investigators will try to tie the case back to him anyway since he is one of the main representatives of the company.
Answer:
Total number of units produced for the period = 662 units
Explanation:
Total manufacturing cost = (Fixed overhead cost) + (Total direct labour cost) + (Total materials cost) + (Total Variable overhead cost)
Let the number of units produced be Q
Total manufacturing cost = $160705
Fixed overhead cost = $58000
Total direct labour cost = cost of direct labour per hour × number of direct labour hours = 2.7 × 13100 = $35370
Total direct materials cost = Direct material cost per unit × number of units produced = 75 × Q
Total variable overhead cost = 50% of total labour cost = 50% of 35370 = $17685
160705 = 58000 + 35370 + 75Q + 17685
75Q = 160705 - 58000 - 35370 - 17685
75Q = 49650
Q = 662 units
Methods for determining a project's MIR include the discount technique, the combination strategy, and the reinvestment approach.
<h3>Explain about the reinvestment approach?</h3>
Reinvestment is the practice of using income distributions from investments, such as dividends, interest, or any other source of revenue, to buy more stock or units rather than receiving them in cash.
The power of compounding, dividend reinvestment can significantly boost long-term gains. Your dividends allow you to purchase more shares, which allows you to enhance your dividend the following time and purchase even more shares, and so on.
Profit reinvestment has a number of possible advantages: You can expand your business. By properly reinvesting, you'll grow your clientele and, subsequently, your revenues, which you can employ to maintain expanding your firm. Furthermore, investors will notice that your business is expanding.
To learn more about reinvestment approach refer to:
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