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
pshichka [43]
3 years ago
12

40. The Battaglia Co. produces lounge chairs. At a budgeted amount of 10,000 lounge chairs the manufacturing overhead is $50,000

variable and $135,000 fixed. If Battaglia had actual variable manufacturing overhead of $60,500 and actual fixed manufacturing overhead of $125,000 for 11,000 lounge chairs produced, what would the spending (flexible budget) variance be for the total manufacturing overhead? A. $500 unfavorable B. $4,500 unfavorable C. $4,500 favorable D. $500 favorable
Business
1 answer:
bija089 [108]3 years ago
4 0

Answer:

C. $4,500 favorable

Explanation:

Spending Variance is the difference between the actual and estimated value of the expense. In this question we need to calculate the variance of total manufacturing overhead.

Variable

Actual Variable cost = $60,500

Manufacturing overhead application rate = Budgeted overhead / Budgeted units = $50,000 / 10,000 units = $5 per unit

Applied Overhead = Actual production x application rate = 11,000 units x $5 = $55,000

Variance = $60,500 - $55,000 = $5,500 unfavorable

Fixed

Actual fixed overhead = $125,000

Budgeted Fixed overhead = $135,000

Variance = $135,000 - $125,000 = $10,000 Favorable

Total Variance = Variance of variable manufacturing overhead cost + Variance of fixed manufacturing overhead cost

Total Variance = $10,000 Favorable - $5,500 unfavorable

Total Variance = $4,500 Favorable

You might be interested in
Surreal Corp. has borrowed to invest in a project. The loan calls for a payment of $17,500 every month for three years. The lend
Marianna [84]

Answer:

The rate at which to discount the payments to find sum borrowed is 12.68%

Explanation:

The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:

Effective annual rate = (1 + Quoted interest rate/m)^m - 1

quoted interest rate is 8.40

m is the number of months in a year when compounding is done which is 12

effective annual rate=(1+8.40%/12)^12-1

effective annual rate=(1+0.01)^12-1

effective annual rate=(1.01)^12-1

effective annual rate=1.12682503 -1

effective annual rate=0.12682503=12.68%

7 0
3 years ago
The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 percent on your e
Aleks [24]

Answer:

10% of exam score

Explanation:

Opportunity Cost is the cost of next best alternative, foregone (sacrifised)  while making a choice.

Example : If a person has option to have an apple or an orange, & choses to have apple. The opportunity cost of having an apple is the sacrifised orange.

Given : A night before mid time exam, spent while watching movies - later lead to fall in exam grade from 70 % to 60%

The opportunity cost of movies watched, is the sacrifised grade of exam, which would have gotten, if the time would have spent in studying. The corresponding grade lost = 70% grade achievable - 60% grade achieved. Hence, the opportunity cost = 10% of exam score.

4 0
3 years ago
Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2021. The notes included: Note A:
Brums [2.3K]

Answer:

9.17%

Explanation:

Interest on Note B = $227,000 * 8% * 6/12

Interest on Note B = $9,080

Remaining Interest = $16,300 - $9,080  = $7,220

Annual Interest Rate = $7,220 / $135,000 * 12/7

Annual Interest Rate =  0.0916825397

Annual Interest Rate = 9.16825397

Annual Interest Rate = 9.17%

8 0
3 years ago
"Maple Corp. had net sales of​ $217,550 for the year ended December​ 31, 2017. Its beginning and ending total assets were​ $94,2
BaLLatris [955]

Answer:

2.09

Explanation:

Asset ratio is  a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

The average total assets is used in order to make allowance for fluctuation in the course of business year

<u>Workings</u>

Net sales = $217550

Opening total asset = $94200

Closing Total assets = $ 113500

Asset ratio turnover = 217550/(94200+113500)/2

=2.09

7 0
3 years ago
4. Now that you have calculated the number of workers needed each period in Problem 3, Tameka wants to see how the plan would ac
Orlov [11]

Answer:

47

Explanation:

i know it

8 0
2 years ago
Other questions:
  • The Josey Company purchased equipment for $21,000 on October 1. It is estimated that annual depreciation on the computer will be
    7·1 answer
  • In monopoly how do you unmorgage a property
    15·1 answer
  • When the percentage change in quantity demanded is numerically less than the percentage change in price, ceteris paribus, demand
    14·1 answer
  • A​ person's ________​ is/are the unique combination of​ emotional, thought, and behavioral patterns that affect how he or she re
    7·1 answer
  • Eleven years ago, Lynn Inc. purchased a warehouse for $315,000. This year, the corporation sold the warehouse to Firm D for $80,
    9·1 answer
  • There are seven main instruments used in trade policy with _____ being the oldest and the simplest. local content requirements t
    8·1 answer
  • On the Navigation Bar, which of the following would you select to enter inventory item maintenance information?
    6·1 answer
  • What is the price of a stock today if it pays a Dividend TODAY of $2. Its growth rate is 5%, and its market return is 12%?
    15·1 answer
  • To be effective issuing and investing in bonds, knowledge of their terminology, characteristics, and features is essential.
    12·1 answer
  • If $396 is invested at an interest rate of 13% per year and is compounded continuously, how much will the investment be worth in
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!