Answer:
Variable overhead efficiency variance= $46 favorable
Explanation:
Giving the following information:
Variable manufacturing overhead 0.30 hours $2.30 per hour
$46 Actual output 8,000 units Actual direct labor-hours 2,380 hours
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 0.3*8,000= 2,400 hours
Variable overhead efficiency variance= (2,400 - 2,380)*2.3
Variable overhead efficiency variance= $46 favorable
Answer: 75
Explanation:
The required sales volume if the Abner Corporation’s monthly fixed costs are $5,000 per month will be:
Required sales = (Fixed cost + target profit) / (Selling price - AVC)
= (5,000 + 10,000) / (300 - 100)
= 15,000 / 200
= 75
Therefore, the required sales volume is 75.
Cottage Industry is a business or manufacturing activity carried on in a person's home.
Answer:
4.82%
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
77 = 5.37 / (0.118 - g)
77(0.118 - g) =5.37
(0.118 - g) = 5.37 / 77
(0.118 - g) = 0.069740
g = 0.118 - 0.069740
g = 0.04826
g = 4.82%