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ollegr [7]
3 years ago
6

Kartman Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standar

d Cost Per Unit Direct materials 7.8 pounds $ 8.30 per pound $ 64.74 Direct labor 0.3 hours $ 37.00 per hour $ 11.10 Variable overhead 0.3 hours $ 5.30 per hour $ 1.59 In June the company's budgeted production was 4,700 units but the actual production was 4,800 units. The company used 23,450 pounds of the direct material and 2,420 direct labor-hours to produce this output. During the month, the company purchased 26,700 pounds of the direct material at a cost of $183,180. The actual direct labor cost was $58,321 and the actual variable overhead cost was $11,861. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for June is:
Business
1 answer:
In-s [12.5K]3 years ago
6 0

Answer:

$965 Unfavorable

Explanation:

The calculation of variable overhead rate variance for June is given below:-

Variable overhead rate variance = Actual variable overhead cost - (direct labor-hours × Variable overhead Standard rate

$11,861 - (2,420 × $5.30)

= $11,861 - $12,826

= $965 Unfavorable

Therefore for computing the variable overhead rate variance for June we simply applied the above formula.

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A difference in quantitative indicators and qualitative indicators is quantitative indicators always consist of numerical amount
dmitriy555 [2]

Both Quantitative indicators are the same regardless of who is doing the measuring whereas qualitative indicators will differ among individual since each one has a unique perspective and Qualitative indicators are subjective and quantitative indicators are objective.

<h3>What are quantitative indicators?</h3>
  • Those that can be measured objectively are considered quantitative indicators.
  • They may also contain information on purchases, customer satisfaction scores, and sales figures.
  • They are distinct from qualitative indicators, which are mainly based on anecdotal evidence and are not precisely measurable.

<h3>What sort of quantitative indicator would that be?</h3>
  • Measures of quantities or amounts make up quantitative indicators.
  • An illustration would be a 50% increase in the number of parents enrolling their kids in schools with mixed ethnicities by the project's conclusion.
  • "500 disputes handled by professional mediators over 18 months" might be another illustration.

<h3>What are qualitative indicators?</h3>
  • By definition, qualitative indicators track changes over time in relation to predefined, precise standards.
  • They differ from their quantitative counterparts in that they do not solely rely on enumeration, which enables them to outperform other analytical measurements and offer precise and complex information.

<h3>What kinds of qualitative indicators are there?</h3>
  • Qualitative indicators include, for instance, an NGO's functional capacity, the degree to which women participate in local governance, their involvement in decisions about the provision of services, their level of employee satisfaction, changes in knowledge and attitudes, etc.

To learn more about quantitative and qualitative indicators visit:

brainly.com/question/20051803

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4 0
1 year ago
A country finds itself in the following situation: the government budget surplus is 2% of its GDP; private savings is 30% of GDP
DaniilM [7]

Answer:

The current account deficit will increase from 1% to 31% of GDP.

Explanation:

National saving and investment identity helps in understanding the determinants of trade and current account balance. The current account is in balance when the quantity demanded of financial capital is equal to the quantity supplied of financial capital.  

Here, the government saving or surplus and private savings are the supply of financial capital and investment indicates demand for financial capital.

The current account balance is

= Supply of capital - Demand for capital

= (30 + 2)% - 33%

= 32% - 33%

= -1%

So the current account is in deficit by 1% of GDP.  

If the private savings becomes zero, the current account balance will be

= Supply of capital - Demand for capital

= 2% - 33%

= -31%

The current account will be in deficit by 31%.

8 0
3 years ago
Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man
WARRIOR [948]

Answer:

Date      Account Title         Debit        Credit

Feb 13    Cash                 $10,975  

                  Sales                                  $10,000

            Sales Tax Payable          $975

             (10000 * 9.75%)

5 0
3 years ago
Which of the following statements regarding an internal rate of return analysis is false?
gulaghasi [49]

Answer: Option D

Explanation: Internal rate of return ,denoted as IRR, is the rate at which the net present value of a capital investment is zero. It is the rate at which the cash flows of the investment are discounted back to calculate the present value.

While, required rate of return is that return which an investor expects to achieve over time from a capital project.

Thus, one would only select a capital project only if the NPV of a project is positive which can only happen when the return on investment, that is, IRR, is greater than cost of capital, that is, required rate of return.

4 0
3 years ago
If the U.K. exports 14 billion British Pounds of​ products, and imports 10 billion British pounds of​ products, its trade balanc
rodikova [14]

Answer:

D) 4 billion British pounds

Explanation:

Trade balance or balance of trade can be defined as the difference between a country's export and import at a particular period of time.

It could be a deficit or surplus.

Deficit trade balance refers to when the export of a country is less than it's import. This means more products are imported that exported.

Surplus trade balance refers to when export of a country is more than the import.

Import is the bringing in of goods from a foreign country. This means a particular country purchase goods from another country.

Export is the sending out of goods to a foreign country. That is the selling of goods to another country.

Trade balance= Export- Import

=14 billion British pounds- 10 billion British pounds

=4 billion British pounds

The trade balance that occurs here is surplus trade balance where export is more than import.

5 0
3 years ago
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