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Lera25 [3.4K]
3 years ago
13

Actual machine hours 905 Standard machine hours allowed 1,030 Denominator activity (machine hours) 1,125 Actual fixed overhead c

osts $ 5,100 Budgeted fixed overhead costs $ 5,625 Predetermined overhead rate ($2 variable $5 fixed) $ 7 What is the fixed overhead spending (budget) variance
Business
1 answer:
sertanlavr [38]3 years ago
8 0

Answer:

The fixed overhead spending (budget) variance is $525 Favorable

Explanation:

According to the given data we have the following:

Budgeted fixed overhead costs=$5,625

Actual fixed overhead costs=$5,100

Therefore, in order to calculate the Fixed overhead budget Variance we would have to use the following formula:

Fixed overhead budget Variance = Budgeted Fixed Overhead - Actual Fixed overhead

= $5,625 - $5,100 = $525 Favorable

The fixed overhead spending (budget) variance is $525 Favorable

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Consider this simplified balance sheet for geomorph trading: current assets $ 180 current liabilities $ 100 long-term assets 580
Nikolay [14]

a. Debt to equity ratio = Total debt / total equity

Total debt (other than current) = 240 + 150= 390

Total equity = 270

Debt to equity = 390/270 = 1.44

b. Long term debt = 240

Equity (long term) =270

Long term capital = 240 + 270 = 510

Long term debt to long term capital = 240/510 = 0.4706 = 47.06%

c. Working capital = current assets - current liabilities = 180-100 = $80

d. Current ratio = Current assets/ current liabilities = 180/100 = 1.8

4 0
4 years ago
How does nominal GDP differ from real GDP?
ankoles [38]
The main difference between them is that real GDP is adjusted for price changes that caused by either inflation (which will increase price of products) or Deflatio (which will lower price of products).
<span>Nominal GDP on the other hand, is calculated at current market value without considering both inflation and deflation. </span>
4 0
3 years ago
Read 2 more answers
In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Italian adult non- institutionalized p
STatiana [176]

Answer:

b. 48.4% and 7.9%

Explanation:

Given:  Italian adult non- institutionalized population was 51.070 million.

             The labor force was 24.710 million.

             The number of people employed was 22.765 million.

Now, finding the Italian labor-force participation rate.

Labor-force participation rate= \frac{Labor\ force}{Total\ population}

⇒ Labor-force participation rate= \frac{24.710}{51.070}\times 100

∴ Labor-force participation rate= 48.38\% \approx 48.4\%

Next finding unemployment rate.

Unemployment rate= \frac{Total\ population- (Labor\ force+ people\ employed)}{Total\ population}

⇒ Unemployment rate= \frac{51.070- (24.710+22.765)}{51.070}

⇒ Unemployment rate= \frac{51.070- (47.475)}{51.070}

Opening parenthesis.

⇒ Unemployment rate= \frac{3.595}{51.0170} \times 100

∴ Unemployment rate= 7.039\%

Closest option available is 7.9\%

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6 0
3 years ago
A company purchases its inventory from suppliers on account. During the year, its inventory account increased by $16 million and
sesenic [268]

Answer:

cash outflows to inventory suppliers totaled:  $512 million

Explanation:

<u>Calculation of Cash flows to inventory suppliers :</u>

Cost of goods sold                                $500 million

<em>Less</em> decrease in Accounts payable     ($4 million)

<em>Add </em>Increase in Inventory                      $16 million

Cash outflows to inventory suppliers  $512 million

3 0
3 years ago
the fundamental purpose of an organization's mission statement is to: a. define the operational structure of the organization. b
mr Goodwill [35]

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The term "formal organization" refers to a group that has been created with the intention of achieving specific goals. Its design explains how society objectives are separated into constituent parts of the organization. This organizational structure is made up of divisions, departments, roles, jobs, and duties.  So, when it comes to interactions with clients or members, the official organization is expected to act impersonally.

Learn more about organization here

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6 0
1 year ago
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