Answer:
variable overhead efficiency variance= $22,780 unfavorable
Explanation:
Giving the following information:
Standard hours per unit of output 7.0 hours
Standard variable overhead rate $ 13.40 per hour
Actual hours 2,725 hours
The actual output of 150 units
To calculate the variable overhead efficiency variance, we need to use the following formula:
variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 150*7= 1,050 hours
variable overhead efficiency variance= (1,050 - 2,750)*13.4
variable overhead efficiency variance= $22,780 unfavorable
Answer:
$90,000
Explanation:
Sales revenue $350,000
Cost of goods sold $150,000
Operating expenses $110,000
Foreign currency translation gain $25,000
Gross profit= sales revenue - the cost of goods sold
=$350,000-$150,000
=$200,000
Net income = Gross profit - Operating expenses
=$200,000 - $110,000
=$90,000
Answer:
The correct answer is True.
Explanation:
Whenever a conflict arises within the classification of projects between the expected monetary value and the standard deviation, the coefficient of variation is used to try to solve the problem. For this reason, it is concluded that the coefficient of variation is a standardized measure of risk.