1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zloy xaker [14]
4 years ago
8

Rooney Company established a predetermined variable overhead cost rate at $9.40 per direct labor hour. The actual variable overh

ead cost rate was $8.40 per hour. The planned level of labor activity was 74,900 hours of labor. The company actually used 79,900 hours of labor. Required Determine the total flexible budget variable overhead cost variance and indicate the effect of the variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).)
Business
1 answer:
Anestetic [448]4 years ago
7 0

Answer:

$32,900 favorable

Explanation:

The computation of the total flexible budget variable overhead cost variance is shown below:

= Total budgeted overhead cost - actual budgeted overhead cost

where,

Total budgeted overhead cost is

= $9.40 × 74,900 hours

= $704,060

And, the actual budgeted overhead cost is

= $8.40 × 79,900 hours

= $671,160

So, the total flexible budget variable overhead cost variance is

= $704,060 - $671,160

= $32,900 favorable

Since the standard cost is greater than the actual cost so it would have favorable variance

You might be interested in
Lohn Corporation is expected to pay the following dividends over the next four years: $12, $10, $9, and $4. Afterward, the compa
Andrej [43]

Answer:

Price of the stock today = $53.14

Explanation:

given data

dividends year D1 = $12

dividends year D2 = $10

dividends year D3 = $9

dividends year D4 = $4

constant growth rate  = 6 percent

required return stock Kk = 15 percent

solution

we get here Price of the stock today that is

Price of the stock = \frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{D3}{(1+ke)^3}+\frac{D4}{(1+ke)^4}+\frac{P4}{(1+ke)^4}   .................1

here P4 =  \frac{D5}{ke-g}   .............2

and  where D5 = D4(1+g)    .............3

so here put value in equation 1

Price of the stock today  =  \frac{12}{(1+0.15)^1}+\frac{10}{(1+0.15)^2}+\frac{9}{(1+0.15)^3}+\frac{4}{(1+0.15)^4}+\frac{4(1.06)}{(0.15-0.06)(1+0.15)^4}    

Price of the stock today = 53.1368

Price of the stock today = $53.14

5 0
3 years ago
Which of the following price bases is mostly likely to be used for commercial construction projects or custom-made equipment?
Svet_ta [14]

Answer:

b. cost-plus pricing

Explanation:

cost-plus pricing is a price base that involves a markup addition to the cost of services and goods to get to the final selling price. In this technique you compute all cost (material, labor, etc) and then add a percentage in order to obtain the product's price

4 0
3 years ago
_______ is a system for managing demand-dependent inventories that minimizes the inventory holdings of the firm at any given tim
vlabodo [156]

Answer: <u>"A. Just-in-time inventory"</u> is a system for managing demand-dependent inventories that minimizes the inventory holdings of the firm at any given time.

Explanation: The Just in time system is an inventory maintenance policy at the lowest possible level where suppliers deliver just what is necessary at the time necessary to complete the production process. In this way, we seek to reduce the costs of maintaining higher inventories, purchasing costs, financing of purchases and storage.

3 0
4 years ago
Find the amount to which $625 will grow under each of the following conditions. Do not round intermediate calculations. Round yo
ella [17]

Answer:

Results are below.

Explanation:

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

a) i= 0.04 annually compounded

n= 5

PV= $625

FV= 625*(1.04^5)

FV= $760.41

b) i= 0.04/2 = 0.02 semiannually compounded

n= 5*2= 10

PV= $625

FV= 625*(1.02^10)

FV= $761.87

c)  i= 0.04/4 = 0.01 quarterly compounded

n= 5*4= 20

PV= $625

FV= 625*(1.01^20)

FV= $762.62

d) i= 0.04/12 = 0.0033 monthly compounded

n= 5*12= 60

PV= $625

FV= 625*(1.003333^60)

FV= $763.11

7 0
3 years ago
Softie, Inc. produces facial tissues. The company's contribution margin ratio is 77%. Fixed expenses are $240,400. To achieve a
sladkih [1.3K]

To achieve a target profit of $930,000, Softies' sales must be $1,520,000.

<h3>What is target profit?</h3>
  • Target profit is the amount of profit that a company's managers anticipate achieving by the conclusion of a specific accounting period.
  • Typically, the target profit is established from the budgeting process and is compared to the actual result in the income statement.
  • If they chose to earn a 20% margin on each sale, they will make a $50 profit on each chair sold.
  • As a result, if the corporation wishes to make $50 per chair and sell the chair for $200, the chair must be manufactured for $150 or less.

To find the target profit of Softie, Inc.:

  • Sales = ($240,400 + $930,000) ÷ 0.77
  • = $1,520,000

Therefore, to achieve a target profit of $930,000, Softies' sales must be $1,520,000.

Know more about target profit here:

brainly.com/question/17061733

#SPJ4

6 0
2 years ago
Other questions:
  • Assume a nation’s economy is operating above full employment. if business taxes increase, how will output, employment, and price
    5·1 answer
  • Generally, the most effective way to use texture when decorating a room is by
    10·2 answers
  • Can someone write a speech for me?
    11·1 answer
  • Ceteris paribus, equilibrium price and quantity would both increase at the same time as a result of (2pts) Question 48 - Ceteris
    6·1 answer
  • Which of the following is an example of competitive parity? A firm provides wall clocks that its consumers value more than other
    10·1 answer
  • At the beginning of the year, the balance in Allowance for Doubtful Accounts is a credit of $760. During the year, previously wr
    13·1 answer
  • A book which cost $300.00 was sold<br> For $240.00. What was the loss<br> percentage
    5·1 answer
  • Which best explains the efforts of immigration of the labor market? (CS11)
    5·1 answer
  • KCCO, Inc., has current assets of $4,200, net fixed assets of $23,400, current liabilities of $3,750, and long-term debt of $8,4
    5·1 answer
  • Increased customization in products and services generally requires _____ resources and effort.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!