Answer:
Variable overhead efficiency variance= $7,000 favorable
Explanation:
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
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Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 9,000*2= 18,000 hours
Actual quantity= 16,000 hours
Standard rate= $3.5 per hour
Variable overhead efficiency variance= (18,000 - 16,000)*3.5
Variable overhead efficiency variance= $7,000 favorable
Answer:
-$5,873
Explanation:
For computation of maximum one month loss in dollars first we need to find out the net exposure and maximum one month loss in percentage which is shown below:-
Net exposure = Received amount - Paid amount
= €200,000 - €50,000
= €150,000
Maximum one - month loss in Percentage = Next month percentage - (Alpha × Euro percentage)
= 2% - (1.96 × 2.5%)
= -2.9%
Maximum one - month loss in Dollars = Net exposure × Current spot rate of the euro × Maximum one - month loss in Percentage
= €150,000 × $1.35 × (-0.029)
= -$5,873
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This period is referred to as the period of organogenesis.
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- Hannah ❤
Answer: $41,600
Explanation: The percentage of receivables method is used to evaluate the amount of bad debt the company can experience in future. Under this method, the bad debt expense is the difference between the ledger balance and the actual balance of bad debt expense.
In the given case, we can calculate it as follows :-
Bad debt expense = estimated uncollectible accounts - allowance
= $47,000 - $5,400
= $41,600
Answer:
The consumer drives the economy by spending money. The more money they spend, the better the economy is.
Explanation: