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
viktelen [127]
3 years ago
10

Skoff Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished

. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March.
- Fixed Element per Variable Element Actual Total
Month per Container Refurbished for March
Revenue $ 4,000 $ 130,000
Employee salaries $ 42,700 $ 1,000 $ 75,600
and wages
Refurbishing materials $ 600 $ 18,800
Other expenses $ 37,900 $ 38,400
When the company prepared its planning budget at the beginning of March, it assumed that 35 containers would have been refurbished. However, 32 containers were actually refurbished during March.
The activity variance for "Refurbishing materials" for March would have been closest to: Multiple Choice:
$1,800 F
$2,200 U
$1,800 U
$2,200 F
Business
1 answer:
puteri [66]3 years ago
5 0

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Refurbishing materials:

Variable cost= $600

Fixed costs= $18,800

Estimated cost= 600*35 + 18,800= $39,800

Actual cost= 600*32 + 18,800= $38,000

Refurbishing activity variance= Estimated - actual cost

Refurbishing activity variance= 39,800 - 38,000= 1,800 favorable

You might be interested in
Ruth, a cashier at a private bank, strongly believes that no matter how much effort she puts in or how many hours she works over
Citrus2011 [14]

Answer:

Ruth, a cashier at a private bank, strongly believes that no matter how much effort she puts in or how many hours she works overtime, she will not be offered a promotion in the next 10 years. In this scenario, Ruth's beliefs are in accordance with the expectancy theory.

6 0
3 years ago
Jackson Company has two service departments (S1 and S2) and two producing departments (A and B). Department S1 serves Department
rusak2 [61]

Answer:

The total amount of cost that will be allocated from S2 to Department A is $32,200.

Explanation:

This can be calculated as follows:

Cost allocated from Department S1 to Department S2 = Direct department costs of Department S1 * Percentage of service to Department S2 = $200,000 * 15% = $30,000

Total Direct department costs for S2 = Direct department costs for S2 + Cost allocated from Department S1 to Department S2 = $16,000 + $30,000 = $46,000

Cost allocated from Department S2 to Department SA = Total direct department costs for S2 * Percentage of service to Department A = $46,000 * 70% = $32,200

Therefore, the total amount of cost that will be allocated from S2 to Department A is $32,200.

3 0
2 years ago
I need to know the list of richest people in south korea! Also, I would like to know how much money steve jobs owned. thank you
olganol [36]
Look at the inthernet Good homeworks
7 0
3 years ago
Luke was interested in developing a communication budget for the holistic vitamin shop he will be opening in 30 days. He is plan
PolarNik [594]

Answer:

Objective-and-task method.

Explanation:

With the available information, objective-and-task method would be best for Luke to pursue to develop his communication program. Objective and task method is a marketing strategy that focuses on allocating an amount of money for its marketing or advertisement budget based on peculiarities and set objectives, instead of choosing an arbitrary amount of money.

The objective-and-task method is the most logical budget method, as an organization sets its promotional budget on what it wishes to achieve specifically, meaning it's goal oriented and not based on sales revenues.

7 0
3 years ago
If a portfolio regularly falls twice as much as a benchmark index rises, the portfolio's beta coefficient is __________.
kolezko [41]

Answer:

-2%

Explanation:

5 0
3 years ago
Other questions:
  • Match each of the following characteristics or scenarios with either the term negative externality or the term positive external
    15·1 answer
  • Stryder, Inc., has 3 million shares outstanding at a current price of $15 per share. The book value of the shares is $10 per sha
    9·1 answer
  • A company borrowed $40,000 cash from the bank and signed a 6-year note at 7% annual interest. the present value of an annuity fa
    12·1 answer
  • Taco Hut purchased equipment on May 1, 2018, for $15,000. Residual value at the end of an estimated 8-year service life is expec
    12·1 answer
  • What is the difference between financial and managerial accounting ?
    10·1 answer
  • Reeves Incorporated is issuing a note payable to four individuals for $5,000 each. Which individual will end up paying the MOST
    12·1 answer
  • Sustainability programs often find their success beyond company boundaries, thus ______ systems and _____ metrics cannot capture
    6·1 answer
  • 3.
    10·1 answer
  • On May 31, 2010 Amex Corporation acquired all of 10,000 shares of Luck’s outstanding common stock by paying Br 400,000 cash and
    13·1 answer
  • Discuss the effects of the hard lockdown on Eskom's operations?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!