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2 years ago

The following data are the actual results for Marvelous Marshmallow Company for August:

Business

1 answer:

Eddi Din [679]2 years ago

3 0

Answer:

a. $26,200 Unfavorable

b. $16,800 Unfavorable

c. $ 5,000 Unfavorable

d. $48,000 Unfavorable

Explanation:

a Variable-overhead spending variance

Variable-overhead spending variance = Budgeted Variable overheads at actual hours worked - Actual variable overheads

= (33,400 × $ 12.00) - $ 427,000

= $400,800 - $ 427,000

= $26,200 Unfavorable

b. Variable-overhead efficiency variance

Variable-overhead efficiency variance = (Actual Output × Standard hour × Standard rate) - (Actual hours × Standard rate per hour)

= (8,000 × 4 × $ 12.00) - (33,400 × $ 12.00)

= $384,000 - $400,800

= $16,800 Unfavorable

c. Fixed-overhead budget variance

Fixed-overhead budget variance = Actual Fixed Overheads - Budgeted Fixed Overheads

= $ 149,000 - $ 144,000

= $ 5,000 Unfavorable

d. Fixed-overhead volume variance

Fixed-overhead volume variance = Fixed overheads at Budgeted Production - Budgeted Fixed Overheads

= ($ 144,000 / 12,000 × 8,000) - $ 144,000

= $96,000 - $144,000

= $48,000 Unfavorable

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An agreement between Jim and his 18-year-old daughter, Betty, provides that he will give her $25,000 if she does not marry until

Mariulka [41]

Answer:

No, Jim is not correct.

Explanation:

Betty will win this case.

Generally, the law encourages marriage as its policy. If there is any contract that prevent or restrict marriage in whatever way, such contract would be considered null and void because it is against the public policy.

Despite the above, contracts will be generally considered valid when they place reasonable restrictions on marriage. In this question, the restriction placed on Betty that she should get married until after her 22nd birthday is reasonable and has to be considered to be valid. Based on this, Betty has to be paid the $25,000 as laid down in the binding contract between the two parties.

Therefore, Jim is not correct.

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3 years ago

Rasek [7]

Hi the correct answer would be C hope this helps you!
Good luck!

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2 years ago

Read 2 more answers

Curvilinear costs always increase: a. When management performs break-even analysis. b. When volume increases, but at a nonconsta

Ilia_Sergeevich [38]

Answer:

The correct option is : b. When volume increases, but at a nonconstant rate.

Explanation:

Curvilinear costs is a type of expense that does not increase at a constant rate with the production volume. It tends to have a sudden increase at low production volumes, then remains constant in the middle and then increases at high production volumes.

The curvilinear costs does not increase linearly with the production. Therefore, curvilinear cost is also called a nonlinear cost.

Therefore, curvilinear costs always increase at a nonconstant rate with the increase in the production volume.

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3 years ago

Using the most reliable information available, how much of the Earth's land surface is used for agriculture today? View Availabl

enot [183]

Answer:

The answer is: 30 to 40%, according to satellite imagery

Explanation:

Satellite imagery is the most reliable way to try to determine what percentage of the Earth's land is used for agriculture. First and most important, the world is huge and only satellites have the technology to take images of continents and differentiate what possible use is given to them.

Government's surveys and records are no very reliable since you would need to use information from all the governments in the world including democratic countries and nations with dictatorships.

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3 years ago

At any given volume, average fixed costs must equal average variable costs True or false?

Elanso [62]

False. Average fixed costs are totally different from average variable costs. They can only be equal if by chance the fixed costs are equal to variable costs for a specific level of production

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3 years ago