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devlian [24]
2 years ago
14

Freytag Corporation's variable overhead is applied on the basis of direct labor-hours. The company has established the following

variable overhead standards for product N06C: Standard direct labor-hours 5.5 hours per unit of N06C Standard variable overhead rate $ 4.10 per hour The following data pertain to the most recent month's operations during which 1,600 units of product N06C were made: Actual direct labor-hours worked 8,700 Actual variable overhead incurred $ 36,540 Required: a. What was the variable overhead rate variance for the month? b. What was the variable overhead efficiency variance for the month?
Business
1 answer:
Serjik [45]2 years ago
5 0

Answer:

a. -$783 Unfavorable

b. 550 Favorable

Explanation:

a. The computation of Variable Overhead Rate Variance is shown below:-

Variable Overhead Rate Variance = Actual hours × (Standard Variable Overhead rate per hour - Actual Variable Overhead rate per hour)

= 8,700 × ($4.10 - ($36,540 ÷ 8,700)

=  8,700 × ($4.10 - $4.19)

= 8,700 × -$0.09

= -$783 Unfavorable

b. The computation of Variable Overhead Efficiency Variance is shown below:-

Variable Overhead Efficiency Variance = Standard Variable Overhead Rate per Hour ×  (Standard Hours for Actual Production - Actual Hours)

= 5.5 × ((5.5 × 1,600) - 8,700)

= 5.5 × (8,800 - 8,700)

= 5.5 × 100

= 550 Favorable

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The answer is closed-end.
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1. Which of the following accurately explains why scarcity forces individuals and society to incur opportunity costs? A. Because
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Answer:

explanation of opportunity cost:

A. Because of scarcity, people must make choices, and each choice incurs a cost

exampes of opportunity cost:

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Explanation:

The opportunity cost refers to the return or ouput of the resource used in the best alternative decision.

That means, the wages we get fro ma certain job most be compared with the wages we could do in another to really check if we are making a gain or not with our job.

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4 0
3 years ago
A $10,000 face value treasury bond is quoted at a price of 102.311 with a current yield of 4.28 percent. what is the coupon rate
nataly862011 [7]

The coupon rate is 4.37 %.

Explanation:

The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:

current yield = coupon payment/current market price

current yield=4.28%

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current market price=102.311 % *$10,000

current market price=$102.311

4.28%=coupon payment /$ 102.311

coupon payment=$10231.1*4.28%

coupon payment=$437.89108

coupon rate=coupon payment/face value

coupon rate=$437.89108 /$10,000

coupon rate=4.37%

To know more about coupon rate visit :

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7 0
1 year ago
ndicate the proper IFRS presentation: Select one: a. Listing noncurrent assets before current assets, and listing Retained Earni
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Answer:

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Explanation:

The above listing is in the order of liquidity, especially of current assets and noncurrent assets.  This listing shows all the current assets before the noncurrent assets with Cash, Accounts Receivable, etc following that order for the listing of current assets.  And the more permanent assets are listed last.  Similarly, for the Liabilities and Equity side, the Current Liabilities are listed first before the Noncurrent Liabilities followed by Equity (Share Capital and Retained Earnings) in that order.

4 0
3 years ago
A company had net income of $210,000. Depreciation expense is $27,000. During the year, Accounts Receivable and Inventory increa
Sergio039 [100]

Answer:

a. $179000

Explanation:

The computation of the cash provided by operating activities is shown below:

Net Income $2,10,000    

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Cash provided by operating activities $179,000

7 0
3 years ago
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