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Vadim26 [7]
3 years ago
8

Petrus Framing's cost formula for its supplies cost is $1,710 per month plus $9 per frame. For the month of March, the company p

lanned for activity of 611 frames, but the actual level of activity was 614 frames. The actual supplies cost for the month was $7,490. The activity variance for supplies cost in March would be closest to:
Business
2 answers:
Luden [163]3 years ago
7 0

Answer:

The correct answer is  $27 U'.

Explanation:

The activity variance for supplies cost in March is calculated below:

Activity variance = Planning Budget - Flexible budget

Activity variance = (1,710 + (9 x 611)) — (1,710 + (8 x 614))  

Activity variance = $7,209 — $7,236

Activity variance = $27U  

The flexible budget is higher than the planning budget.  

Thus, the variance is unfavorable (U).

Hence, the correct answer is  $27 U'.

kirill [66]3 years ago
3 0

Answer: %27 U

Explanation:

Planing budget= 1710+9x611=7209

Flexible budget = 1710+9x614=7236

Activity variance = 7236-7209=$27 which is unfavorable

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You own a portfolio that has $2,800 invested in Stock A and $3,900 invested in Stock B. Assume the expected returns on these sto
Luden [163]

Answer:

12.5%

Explanation:

A portfolio has $2,800 invested in stock A

$3,900 is invested in stock B

The expected return of stock A is 9%

= 9/100

= 0.09

The expected return of stock B is 15%

= 15/100

= 0.15

The first step is to calculate the total value

= $2,800+$3,900

= $6,700

Therefore, the expected return on the portfolio can be calculated as follows

= (2,800/6,700)×0.09 + (3,900/6,700)×0.15

= 0.4179×0.09 + 0.5820×0.15

= 0.03761 + 0.0873

= 0.1249×100

= 12.5%

Hence the expected return on the portfolio is 12.5%

7 0
3 years ago
Please help best gets brainiest
Zepler [3.9K]
To help maintain a balanced personal budget sounds like the answer. Hope it helps! :-)
6 0
3 years ago
Kluth Corporation has two manufacturing departments--Molding and Customizing. The company used the following data at the beginni
Fofino [41]

Answer:

Selling price for Job C $93,300  

Selling price for Job M $78,204

Explanation:

The computation of the selling prices for Job C and for Job M is given below:

But before that following calculations need to be done

Departmental overhead rates:  

Molding 6.50   (2.5 + (36000 ÷ 9000))

Customizing 6.70  (3 + (13320 ÷ 3600)

Particulars          Job C          Job M

Direct materials  $16,700       $9,900

Direct labor cost $23,400     $10,300

Overhead applied:  

Molding               $17,550       $40,950

                      (2700 × 6.50)  (6300 × 6.50)

Customizing       $20,100        $4,020

                     (3000 × 6.70)    (600 × 6.70)

Total manufacturing cost $77,750 $65,170

Add: Markup at 20% $15,550 $13,034

Selling price    $93,300    $78,204

7 0
2 years ago
1. Heather and Joe want the lowest interest rate for their residential mortgage. Which financial institution is designed to offe
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By definition, a mortgage is loan that is used to purchase a property. The financial institutions can are designed to offer low interest rates on residential mortgages are commercial banks and loan associations. They often lead against the one-to-four family mortgages.
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In a survey regarding job satisfaction, 574 in a sample of 934 female job-holders stated that they are satisfied with their jobs
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