If the price index has a value of 122 then the inflation rate during the past year was 22%. True or False

A manufacturing company has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Da

anzhelika [568]

Answer:

$940 Favorable

Explanation:

Fixed manufacturing overhead budget Variance = Budgeted fixed overhead cost - Actual total fixed manufacturing overhead cost

Fixed manufacturing overhead budget Variance = $71,500 - $70,560

Fixed manufacturing overhead budget Variance = $940 F

So, the fixed manufacturing overhead budget variance for the period is closest to $940 F

4 0

3 years ago

Carpenter Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the

expeople1 [14]

Answer:

a. 4,000

Explanation:

Units in ending inventory

= Units in beginning work in process + Units started into production - Units transferred to the next department

= 2,400 + 10,500 - 8,900

= 4,000 units

8 0

3 years ago

According to the video, did the Federal Reserve pursue

zaharov [31]

Answer:

The Federal Reserve took an expansionary approach during the crisis. This was done by expanding the money supply and boosting liquidity. This can be seen in the Fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. The Fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

Explanation:

5 0

3 years ago

Read 2 more answers

You are considering opening a donut restaurant aimed primarily at the breakfast market. You plan to sell donuts, coffee, and oth

stich3 [128]

Answer:

Donuts= 28,571

Explanation:

First, we need to determine the sale proportion of each product:

Other items= 2/5= 0.4

Coffe= 2/5= 0.4

Donut= 1/5= 0.2

Now, we can calculate the break-even point in units for the company as a whole:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Break-even point (units)= 100,000 / (0.5*0.2 + 0.5*0.4 + 1*0.4)

Break-even point (units)= 100,000 / 0.7

Break-even point (units)= 142,857 units

Now, the number of donuts:

Donuts= 0.2*142,857

Donuts= 28,571

3 0

3 years ago

The difference between the revenue that a company brings in from selling goods and services and the cost of generating this reve

vitfil [10]

Answer:

Profit

Explanation:

Revenue refers to the total receipts by a business for the sale of it's output.

Cost refers to the expenditure incurred for manufacturing products or creating a service.

The difference between the above two i.e revenue and costs, is termed as profit.

Profit can be of two types, economic profit and accounting profit. Accounting profit is calculated by deducting actual costs incurred from total receipts.

Economic profit on the other hand also considers implicit costs i.e opportunity costs, while calculating profits.

6 0

3 years ago