Answer:
Variable overhead efficiency variance= $600 unfavorable
Explanation:
Giving the following information:
Standard rate per direct labor-hour $2
Standard direct labor-hours for each unit produced 3
Units manufactured 1,000
Actual direct labor-hours worked during the month 3,300
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
<u></u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Variable overhead efficiency variance= (1,000*3 - 3,300)*2
Variable overhead efficiency variance= $600 unfavorable
Answer:
Stock value today = $1.21
Explanation:
Current Dividend = D
= $1.13
After 5 years that is D
= $0.50
Since expected growth = 0
Therefore
P
= D / Ke = 0.5/18% = $2.77
Its present value will be 
= $1.21
Stock value today = $1.21
Answer:
Disadvantage of Corporate Form of Organization:
d. Government regulation
Explanation:
In recent times, government regulation of businesses appears to be regarded as a disadvantage of the corporate form of organizations. Governments intervene and regulate corporate entities whenever they fail to be self-regulatory. But, the regulations may appear to be so much that the corporate form of organization now looks like a disadvantage. Given the many corporate scandals, collapses, and misapplications of resources by corporate entities that have become the order of the day, government regulation is very important. Without government regulation, many corporate bodies will not be acting in the public interest. This is more so with public entity corporate organizations with diverse stakeholders and corporate managers who act as if they were running their own autonomous governments.
Answer:
Option (A) is correct.
Explanation:
The average fixed cost is determined by dividing the total fixed cost by number of units produced.
Given that,
Fixed cost = $24
The average fixed cost of producing 3 units of output is:
= Total Fixed cost ÷ Number of units produced
= $24 ÷ 3
= 8
Therefore, the average fixed cost of producing 3 units of output is $8.00.
Answer:
a. $6
b. $3204000
Explanation:
Given:
- Product X is 534,000 units
- cost for materials $1,441,800
- cost for labour: $1,762,200
(a) a standard cost
As we know standard cost is the cost of producing 1 unit and is recorded in a standard cost card. However, the cost of labor, materials and overhead are used to make a single unit, so
standard cost = unit variable cost = the total cost / the total number of unit.
In this situation, the overheading cost is not gven, so the total cost:
= The cost of labor + materials
= $1,441,800 + $1,762,200
= $3204000
=> standard cost = $3204000 / 534,000 = $6
(b) a budgeted cost represents the total costs
The total number of units * standard cost
= 534,000 * 6
= $3204000
