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atroni [7]
3 years ago
5

Match Point, Inc. has the following overhead standards: Variable overhead: 5 hours at $7 per hour Fixed overhead: 5 hours at $9

per hour The standards were based on a planned activity of 35,000 machine hours when 7,000 units were scheduled for production. Actual data follow. Variable overhead incurred: $254,750 Fixed overhead incurred: $375,000 Machine hours worked: 34,800 Actual units produced: 7,100 The amount of variable overhead that Match Point applied to production is:
Business
1 answer:
JulsSmile [24]3 years ago
8 0

Answer:

$248,500

Explanation:

Variable overhead applied to production = Actual units produced * Variable overhead hours * Variable overhead hourly rate = 7,100 * 5 * $7 = $248,500

Therefore, the amount of variable overhead that Match Point applied to production is $248,500.

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Unavoidable fixed costs are __________.
allsm [11]

Answer:

Irrelevant to the decision of whether to discontinue a product line because they will not differ between alternatives.

Explanation:

Unavoidable fixed costs can be defined as the costs that is sustained by an organization irrespective of if an activity is carried out or not.

Unavoidable costs are the costs that are encountered by a lot of businesses, this cost cannot be prevented even though production activities in the company are suspended in the short-run. These fixed costs are unavoidable and uncontrollable.

Unavoidable fixed costs is as a result of the various risks incurred by an organization inorder to stay relevant in the market. Example of unavoidable costs include tax payment, rental payments.

4 0
4 years ago
A local theatre group wants to increase the membership and attendance at its performances. To do​ so, it hosts free​ shows,
Irina-Kira [14]

Answer:

E) Market Exchange

Explanation:

Market exchange refers to at least two people or firms trading one good or service for another. In this case, the theater group is trading a free show and other promotional activities (standup comedy nights, and volunteer work) in exchange for higher membership to their group or higher attendance to their shows.

A trade does not necessarily imply a money exchange, it can also include goods or services that provide utility for the other party. For example, an increase in group membership will help the theater group perform better.  

5 0
3 years ago
Buffalo Corporation purchased warehouse shelving for $96,000, terms 1/10, n/30. At the purchase date, Buffalo intended to take t
Murrr4er [49]

Answer:

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Accounts Payable (Credit)                96,000

Explanation:

Buffalo Corporation should have made the above stated entry. As the equipment is supposed to start depreciation from the date of purchase (when the asset is available for use as intended by management). Since the corporation intended to take the discount by paying early within the number of days allowed so upon payment the following entry should be made.

Accounts Payable (Debit)                             96,000

Purchase Discount Income (Credit)                9,600

Cash (Credit)                                                  86,400

4 0
3 years ago
Overland Corporation is authorized to issue 250,000 shares of $1 par value common stock. During 2020, Overland Corporation took
suter [353]

Answer:

See attached file

Explanation:

8 0
3 years ago
2. Setting a goal, reaching it, and then setting a bigger goal is a characteristic trait of a _______ entrepreneur. A. forthrigh
gulaghasi [49]
Setting a goal, reaching it, and then setting a bigger goal is a characteristic trait of a Self-motivated Entrepreneur.
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3 years ago
Read 2 more answers
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