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3 years ago

REFLECTION QUESTIONS

Business

1 answer:

telo118 [61]3 years ago

8 0

Answer:

Expenses must be close or above $2000 per month

Explanation:

For a business to operate at a profit, its revenues must exceed the expenses by a sizable proposition. Revenues refer to income from business activities, while expenses are the cost incurred in generating that income. Should the costs match or be higher than the revenue, a business will find it challenging to continue operating.

In this case, the business owner is generating revenues of $2000 per month. If he is struggling to stay open, it means the monthly expenses are around or above $2000. The $2000 that the business is generating per month is not sufficient to cater for all expenses and the desired profits. The business owner is probably making losses, and that why he is having trouble keeping the doors open.

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A manufacturing company that has only one product has established the following standards for its variable manufacturing overhea

Butoxors [25]

Answer:

b. $1,144 unfavourable.

Explanation:

The computation of the variable overhead efficiency variance is shown below:

= (Actual Hours - Standard Hours) × Standard rate per hour

=(1,700 - 8.1 × 200 units) × $14.30

= 80 × $14.30

= $1,144 unfavorable

hence, the variable overhead efficiency variance is $1,144 unfavorable

Therefore the option b is correct

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3 years ago

What should a consumer consider when deciding whether to purchase health insurance?

sashaice [31]

C. Whether the deductible is higher compared to other policies. Sorry if I am wrong but this is my best answer.

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2 years ago

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The LFH Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.5 direct labor-hours at a rat

insens350 [35]

Answer:

the budgeted direct labor cost is $441,000

Explanation:

The computation of the budgeted direct labor cost is shown below:

Budgeted direct labor cost

= Budgeted production × hours per unit × rate per hour

= 28,000 units × 1.5 × $10.50

= $441,000

Hence, the budgeted direct labor cost is $441,000

So the correct option is B.

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3 years ago

Please HELP! Will mark brainliest!!

kifflom [539]

Answer:

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Explanation:

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3 years ago

Bens Corporation has three service departments (Repairs, HR, and IT) and two production departments (M1 and M2). The following u

DochEvi [55]

Answer:

Bens Corporation

Allocation of Service Departments' Direct Costs:

Repairs HR IT M1 M2 Total

Direct costs $36,000 $55,600 $81,000 $172,600

Step allocation:

HR direct costs 5,560 -55,600 11,120 19,460 19,460 0

IT costs 0 0 -92,120 20,471 71,649 0

Repairs costs -41,560 0 0 16,624 24,936 0

Total costs allocated 0 0 0 $56,555 $116,045 $172,600

Explanation:

a) Data and Calculations:

Usage data:

Repairs HR IT M1 M2

Repairs 0% 0% 40% 60%

HR 10% __ 20% 35% 35%

IT 0% 10% __ 20% 70%

HR Costs = $55,600:

Repairs = $5,560 ($55,600 * 10%)

IT = $11,120 ($55,600 * 20%)

M1 = $19,460 ($55,600 * 35%)

M2 = $19,460 ($55,600 * 35%)

IT costs = $92,120:

Repairs = $0 ($92,120 * 0%)

M1 = $20,471 ($92,120 * 20/90)

m2 = $71,649 ($92,120 * 70/90)

Repair costs = $41,560:

M1 = $16,624 ($41,560 * 40%)

M2 = $24,936 ($41,560 * 60%)

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3 years ago

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