Someone help anybody for (business) class

Total Materials VarianceKrumple Inc. produces aluminum cans. Production of 12-ounce cans has a standard unit quantity of 4.7 oun

Nataliya [291]

Answer:

The correct answer for Price variance is $37,500( unfavorable) and for Usage variance is $19,200 ( Favorable).

Explanation:

According to the scenario, the given data are as follows:

Actual quantity = 1,875,000 ounces

Standard rate = $0.08 per ounce

Actual rate = $0.10 per ounce

Standard quantity = 4,50,000 × 4.7 = 2,115,000 ounces

So, Direct material price variance = Actual quantity × ( Standard rate - Actual rate )

= 1,875,000 × ( 0.08 - 0.10 )

= - $37,500 ( Negative shows Unfavorable)

and Direct material usage variance = standard rate per unit × (standard quantity - actual quantity)

= $0.08 ( 2,115,000 - 1,875,000)

= 19,200 ( Positive shows Favorable)

3 0

3 years ago

Manufacturing overhead data for the production of Product H by Shakira Company are as follows.Overhead incurred for 45,100 actua

Fittoniya [83]

Answer:

Total overhead cost variance $

Standard fixed overhead cost ($9 x 45,100 hrs) 405,900

Less: Actual fixed overhead cost <u>411,000 </u>

Total overhead cost variance <u> 5,100 (A)</u>

Explanation:

Total overhead variance is the difference between standard fixed overhead cost and actual fixed overhead cost. Standard fixed overhead cost is overhead rate multiplied by actual direct labour hours. Overhead rate is the total of variable overhead and fixed overhead rate ($8 + $1 = $9).

8 0

3 years ago

Harry, Hermione, and Ron formed an S corporation called Bumblebore. Harry and Hermione both contributed cash of $30,000 to get t

tatyana61 [14]

Answer:

Harry and Hermione $30,000

Ron’s $19,300

Explanation:

Calculation to determine What tax bases will each of the three have in his or her stock of Bumblebore

Based on the information given we were told that both Harry and Hermione contributed cash of the amount of $30,000 to get things started which means that Harry and Hermione TAX BASES will be $30,000

Calculation for Ron’s Tax bases

Using this formula

Ron’s Tax bases=Basis of the property contributed-Mortgage

Let plug in the formula

Ron’s Tax bases=$60,000-$40,700

Ron’s Tax bases=$19,300

Therefore Harry and Hermione tax based will be $30,000 and Ron’s Tax bases will be $19,300

7 0

2 years ago

Use the information below to answer questions 4-7. Drake Company's income statement for the most recent year appears below:

Colt1911 [192]

Answer:

(A) $731,250

Explanation:

The formula to compute the break-even point in sales dollars is shown below:

= (Fixed expenses or Fixed cost) ÷ (Contribution ratio)

where,

Contribution ratio = Contribution margin ÷ sales

= $208,000 ÷ $650,000

= 0.32 or 32%

And, the fixed expense is $234,000

Now put the values to the above formula

So, the value would equal to

= $234,000 ÷ 32%

= $731,250

6 0

3 years ago

A Chinese restaurant buys 100 cups of rice for a total of $10; they buy soy, fish and oyster sauces for a total of $20; they buy

UNO [17]

Answer: $252

Explanation:

GDP is calculated by summing up the value of final goods and services in a country within a period. This means that intermediate values are not included and this is done to avoid double counting.

The GDP contribution here therefore will be the value of the meals created;

= 50 * 5.04

= $252

5 0

3 years ago