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
amid [387]
4 years ago
15

Chillco Corporation produces containers of frozen food. During April, Chillco produced 790 cases of food and incurred the follow

ing actual costs.
Variable overhead $7,000
Fixed overhead 21,600
Actual labor cost(4,500 direct-labor hours) 93,150
Actual material cost (12,500 pounds purchased and used) 27,500

Overhead is budgeted and applied using direct-labor hours in a standard costing system. Standard cost and annual budget information are as follows:

Standard Costs per Case Direct labor (5 hours at $20 per hour) $100.00
Direct material (15 pounds at $1.90 per pound) 28.50
Variable overhead (5 direct-labor hours at $1.60 per hour) 8.00
Fixed overhead (5 direct-labor hours at $3 per hour) 15.00
Total $151.50

Annual Budget Information

Variable overhead $80,000
Fixed overhead $150,000
Planned activity for year 50,000 direct-labor hours

Required:
a. Prepare as complete an analysis of cost variances as is possible from the available data.
b. Build a spreadsheet: Construct an Excel spreadsheet to solve the preceding requirement. Show how the solution will change if the following information changes: the standard rates were $17.50 per hour for direct labor, and $1.60 per direct- labor hour for variable overhead.
Business
1 answer:
Zepler [3.9K]4 years ago
5 0

Answer:I'm figuring this out for you!

Explanation:

You might be interested in
Using the tables above, if an investment is made now for $20,000 that will generate a cash inflow of $8,000 a year for the next
Allushta [10]

Answer:

b. $5,360

Explanation:

Using a financial calculator with CF function, find the Net present value (NPV) of this projects cashflows;

Initial investment; CF0 = -20,000

Yr 1 cash inflow; C01 = 8,000

Yr 2 cash inflow; C02 = 8,000

Yr 3 cash inflow; C03 = 8,000

Yr 4 cash inflow; C04 = 8,000

and annual interest rate; I/Y = 10%

then compute net present value; CPT NPV = 5,358.924

Therefore, the NPV will be closest to $5,360

8 0
3 years ago
Scene: A savvy investor has a mix of stocks and bonds in their investment portfolio. Why would it be a good idea to mix stocks a
Komok [63]

Answer:

Explanation:

It wouldn't now, unless you are very wealthy. Interest rates are very low and you would have to go into the junk bond market to get any kind of decent return. But Junk Bonds are or can be very unstable and you get a high return for a very chancy situation.

I think I know what the question wants you to understand. You need something that will provide with income. You just don't want to deal with bonds. There are stocks around that pay dividends; they are very conservative and if they go down, that will be the least of your problems.

You can then devote your resources to capital gains or pure stocks: no interest payments, but the stock itself goes up. There is a whole different tax system for capital gains.

You should also get some gold or silver as insurance.

Since you have asked about stocks and bonds, I have not said anything about cryptos. That's an option, but you have to be very knowledgeable because those things can be an investment nightmare.

7 0
3 years ago
Chun Hei is carrying out a marketing research study. Even after seeking all reasonable available secondary data sources, she has
tekilochka [14]

Answer:

The correct word for the blank space is:  primary.

Explanation:

Primary data collection takes place when data is collected by researchers from direct sources using for that purpose surveys or interviews. Typically, primary data collection gathers the questions formulated on <em>secondary data</em> research since that is the basic step carried out for the data collection process.

8 0
3 years ago
You have been asked to help King Company make the necessary journal entry to record the purchase of office furniture for a $170
Marina CMI [18]

Answer:

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

Explanation:

When items are purchased using cash, the corresponding credits in such transactions are recorded in the cash account. Where the item is purchased on account (or credit), the credit is posted to accounts payable.

Total worth of the office furniture = $170 + $540 = $710

The total debit for this will be recorded in the office furniture account.

Hence to recognize the transaction,

Debit Office Furniture account    $710

Credit Cash account                    $170

Credit Accounts payable             $710

Being entries to recognize office furniture partly paid for.

3 0
3 years ago
In each of the following situations, what type of unemployment is Melanie facing? Explain.a. After completing a complex programm
arlik [135]

Answer:

A. Frictional Unemployment

B. Structural Unemployment

C. Cyclical Unemployment

Explanation:

A. Frictional Unemployment refers to people moving between jobs which is the case for the first scenario

B. Structural Unemployment is a type of unemployment when structure of the economy changes and outsourcing also comes under this

C. Cyclical Unemployment is caused by the movements of business cycle people are laid off when economy is facing recession i.e decrease in investment.

7 0
3 years ago
Other questions:
  • Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its ave
    13·1 answer
  • Question Workspace Exhibit 3-5 Supply for Tucker's Cola Data Quantity supplied per week (millions of gallons) Price per gallon 6
    5·1 answer
  • Donald Transport assembles prestige manufactured homes. Its job-costing system has two direct-cost categories (direct materials
    14·1 answer
  • Many health care organizations are drowning in data. yet health care workers cannot get reliable insights from this data. inform
    7·2 answers
  • A $2.00 increase in a product's variable expense per unit accompanied by a $2.00 increase in its selling price per unit will: A)
    14·1 answer
  • Difference between listening and hearing?​
    11·2 answers
  • Expansionary fiscal policy relies on changes in tax collections and government spending to achieve a non inflationary level of e
    8·1 answer
  • Anderson Company sold a piece of equipment for $36,500 cash on December 31 (after recording the annual depreciation entry for th
    13·1 answer
  • A census helps the CPI in what way?
    6·1 answer
  • Select the correct answer from each drop-down menu. which sector dominates developed economies such as the united states? in dev
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!