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Troyanec [42]
3 years ago
9

Walk Like You Footwear Corporation's flexible budget cost formula for supplies, a variable cost, is $2.67 per unit of output. Th

e company's flexible budget performance report for last month showed a $9,604 favorable spending variance for supplies. During that month, 19,600 units were produced. Budgeted activity for the month had been 19,200 units. The actual cost per unit for supplies must have been:
Business
1 answer:
yarga [219]3 years ago
6 0

Answer:

Actual cost per unit  = $2.13

Explanation:

The spending variance for equipment and supplies can be calculated as below:

Spending variance = Actual spending - Standard Spending, or:

- 9,604 = Actual spending - Standard cost per unit x Budgeted quantity

- 9,604 = Actual spending - 2.67 x 19,200

Solve the equation we get Actual spending = 41,660.

The actual cost per unit for supplies is calculated as below:

Actual cost per unit = Actual spending/Actual production unit

                                  = 41,660/19,600 = 2.13

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Suppose a merchant in a moneyless economy trade has goods for large amount of purple fabric. He intended to use the fabric to tr
spayn [35]

Answer:

Preservation of value.

Explanation:

Money is a medium of exchange that is generally acceptable for transactional purposes.

As seen in the scenario , money may not necessarily be cash as some other items can be used as a medium of exchange in a trade by barter agreement so far the items has the features of money and acceptable.

However , one thing that could be pointed out in the transaction in the scenario is a loss of value of the purple fabrics before the transaction could take place as a result of sudden arrival of a trade ship that caused a surplus in the fabrics , and at the end , it could not achieve as much as was expected.

Therefore the need for the preservation of value of money is necessary and needed

4 0
3 years ago
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A corporation's legal capital:
Fantom [35]

Answer: d. Is established to protect the corporation's creditors.

Explanation:

A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.

The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.

3 0
3 years ago
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Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current
goldenfox [79]

Answer:

A. $287,000

B. $192,050

Explanation:

a. Based on the information givenwe were told that company ABC had net income of the amount of $287,000 after deducting Robert's salary of the amount of $86,100 which therefore means that ROBERT'S QUALIFIED BUSINESS INCOME will be the amount of $287,000.

b. Calculation to determine whether your answer to part (a) would change if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $181,050

Based on the information given the amount of $192,050 will be the additional amount of salary that can be deducted which is Calculated as:

=[$287,000 - ($181,050-$86,100)]

=$287,000-$94,950

=$192,050

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3 years ago
What are goods that consumers buy after making some effort to gather
Leviafan [203]

Answer:

B. Shopping goods

Explanation:

5 0
3 years ago
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In the block style business letter, the inside address appears below the date, with one blank _______ in between.
Alexxandr [17]

In the block style business letter, the inside address appears below the date, with one blank <u>"paragraph"</u> in between.


Block format is normally utilized for business letters.  

In block format, the whole content is left adjusted and single divided. The special case to the single dispersing is a twofold space between sections (rather than indents for passages).  

Full block style business letters have a formal appearance, anyway they can be utilized in casual business circumstances and also formal ones. In the event that you are searching for a solitary arrangement that will function admirably in each circumstance, this is a decent one to utilize.

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3 years ago
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