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
andriy [413]
3 years ago
13

Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Cos

ts Indirect materials $11,100 Supervisory salaries $35,400 Indirect labor 10,000 Depreciation 7,100 Utilities 7,400 Property taxes and insurance 7,700 Maintenance 6,000 Maintenance 6,000 Actual variable costs were indirect materials $14,800, indirect labor $9,300, utilities $9,800, and maintenance $4,800. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreciation, and property taxes and insurance. (a) Prepare a manufacturing overhead flexible budget report for the first quarter. (List variable costs before fixed costs.)
Business
1 answer:
nydimaria [60]3 years ago
3 0

Answer:

\left[\begin{array}{cccc}-&Budget&Variance&Actual\\IL&10,000&700&9,300\\IM&11000&-3,800&14,800\\Utilities&7,400&-2,400&9,800\\Maintenance&6,000&1,200&4,800\\Total  \: Variable&34,400&-4,300&38,700\\Supervisor&35,400&0&35,400\\Depreciation&7,100&0&7100\\PT and insurance&7,700&-600&8,300\\Maintenance&6,000&0&6,000\\Total \: Fixed&56,200&-600&56,800\\Total \: MO&90,600&-4,900&95,500\\\end{array}\right]

Explanation:

We list them and subtract budget - actual

When actual is greater than budget the variance is negatine.

While budget being lower than actual is considered a positive variance.

You might be interested in
After being introduced to a higher-priced washing machine, the customer expresses a desire to purchase a lower-priced item. when
horrorfan [7]

Based on the scenario above, when this happens, the customer is likely to be engaging or to have a traded down. The trading down is being defined as having the quality of the product to be reduced in means of being able for the price to be suited for its consumers.

3 0
3 years ago
Operating activities: Multiple Choice Are the means organizations use to pay for resources like land, buildings and equipment. I
Lady_Fox [76]

Answer:

B. Involve using resources to research, develop, purchase, produce, distribute and market products and services.

Explanation:

A financial statement can be defined as a written report used by financial experts or accountants to quantitatively describes the financial health of a company. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.

Cash flow statement, also known as the statement of cash flows, contains financial information about operating, financial and investing activities.

Operating activities in the statement of cash-flow of a business firm gives a detailed description of the out-flow and in-flow of cash from liabilities and current assets account. Thus, all the net income or cash from all operational business activities of a company is recorded as operating activities.

Hence, operating activities involve using resources to research, develop, purchase, produce, distribute and market products and services. Some examples of operating activities are cash paid as an expense for merchandise, cash revenue generated from the sales of finished goods etc.

5 0
3 years ago
The CEO of TruTone Manufacturing tells her executive management team that the company must become more agile to stay competitive
fomenos

The statement "I believe that we need to organize around our primary strengths and expertise" complete part is: core capabilities.

<h3>What is core capabilities?</h3>

Core capabilities can defined as the ability to put into use the skills, knowledge you have developed so as to achieve your set goals and objectives.

A company or organization that want to have an a competitive advantage over other companies, the employers of that company must possess  core capabilities as this will enables them to stay competitve.

Inconclusion  the complete part of the given statement is: core capabilities.

Learn more about  core capabilities here:brainly.com/question/5804955

5 0
2 years ago
If you were to take over as inventory control manager at wheeled coach, what additional policies and techniques would you initia
alexgriva [62]
The inventory control manager at Wheeled Coach would need to have ABC investigation as well as actualize tight physical control of the stockroom. He would likewise execute a cycle tallying framework, and guarantee that issues require building change sees for those things not at first included on the bill of material. To the degree attainable, stockrooms would be united.
6 0
3 years ago
The _____ approach to systems development is a group-based tool for collecting user requirements.
miss Akunina [59]
C. prototyping, does it makes sense now.
8 0
3 years ago
Other questions:
  • Which of the following is a common factor of failure for small businesses?
    13·2 answers
  • The PGA operates as two divisions: one that governs the club professionals who serve amateur players and another, known today as
    5·1 answer
  • Best Lodging has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 5 years, and have a 6 per
    14·1 answer
  • A customer owns 1,000 shares of XYZZ stock, purchased at $40 per share. The stock is now at $45, and the customer has become neu
    15·1 answer
  • If people bought the same market basket of goods as the average consumer again and again the:______.
    8·1 answer
  • If all investors become more risk averse the SML will _______________ and stock prices will _______________. Multiple Choice hav
    5·1 answer
  • Why might someone decide to lease a home?
    15·1 answer
  • The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits
    11·2 answers
  • Assume that if there were no crowding out, an increase in government spending would increase GDP by $100 billion. On the other h
    15·1 answer
  • ________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate th
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!