1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ss7ja [257]
3 years ago
7

Bellingham Company produced 2,500 units of product that required 6 standard direct labor hours per unit. The standard variable o

verhead cost per unit is $4.90 per direct labor hour. The actual variable factory overhead was $71,150. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number
Business
1 answer:
VMariaS [17]3 years ago
3 0

Answer: -$2,350

Explanation:

First we will calculate the labour costs of the product as,

Standard labour overheads required,

= 2,500*6

= $15,000

Using the above figure we will then calculate the Standard Overhead Cost as,

Standard overhead cost

= 4.9* 15,000 hours

= $73,500

But the Actual overhead cost = $71,150

The Variance is calculated as,

= standard overhead cost - actual overhead cost

= 73,500 - 71,150

= $2,350 Favorable.

= -$2,350

If you need any clarification do react or comment.

You might be interested in
Suppose that borrowing is restricted so that the zero-beta version of the CAPM holds. The expected return on the market portfoli
raketka [301]

Answer:

10.4%

Explanation:

The computation of expected return on a portfolio is shown below:-

Expected return = Risk Free return + 5%Beta ( Market Return - Risk Free return)

= 5% + 0.60 × (17% - 8%)

= 5% + 5.4%

= 10.4%

Therefore for computing the expected return on a portfolio with a beta of .6 we simply applied the above formula.

The market return less risk free return is known as market risk premium

3 0
3 years ago
The police need to have _____ to obtain a search warrant.
solniwko [45]

Answer:

a

Explanation:

they need a absolute certainty to search your house like what

7 0
3 years ago
The opportunity cost of an action: can be determined by considering both the benefits that flow from as well as the monetary cos
yarga [219]
<h3>Hello there!</h3>

Your question asks what an opportunity cost of an action is.

<h3>Answer: D). is a subjective valuation that can be determined only by the individual who chooses the action.</h3>

The reason why answer choice "D). is a subjective valuation that can be determined only by the individual who chooses the action" is correct because an opportunity cost of an action is not the same for everyone.

An opportunity cost of an action is subjective, meaning that the action can be determined by someone's opinion, feelings, etc. Everyone thinks differently, therefore making everyone's opportunity cost of action different.

A opportunity cost of an action also is determined by the individual themselves, not anyone else. That's why the action is subjective, due to the fact that the decision on the action is determined by the individual personal opinions and feelings.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>
8 0
3 years ago
Consider jimmy choo designer shoes. jimmy choo faces many competitors, while in another way jimmy choo faces no competitors. thi
Leno4ka [110]
The contradiction can be explained by the substitutability between Jimmy Choo shoes and other shoes. 
Substitutability is the ability of goods or services to be replaced by another good or services to be replaced by another good or service in use or consumption. Substitute goods are goods which, as a result of changed conditions, may replace each other in use. For example in this case, jimmy choo faces other competitors who have substitute shoes.
3 0
2 years ago
Stan wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest semiannually in
Wittaler [7]
<span>25 years: No Payment, but total is 250000
6 months earlier. Payment of "P". It's value 1/2 year later is P(1+0.03)
6 months earlier. Payment of "P". It's value 1 year later is P(1+0.03)^2
6 months earlier. Payment of "P". It's value 1½ years later is P(1+0.03)^3
6 months earlier. Payment of "P". It's value 2 years later is P(1+0.03)^4

</span><span>We need to recognize these patterns. Similarly, we can identify the accumulated value of all 50 payments of "P". Starting from the last payment normally is most clear.
</span>
<span>P(1.03) + P(1.03)^2 + P(1.03)^3 + ... + P(1.03)^50
 That needs to make sense. After that, it's an algebra problem.
 P[(1.03) + (1.03)^2 + (1.03)^3 + ... + (1.03)^50]
</span>
P(<span><span>1.03−<span>1.03^51)/(</span></span><span>1−1.03) </span></span>= <span>250000</span>
8 0
3 years ago
Other questions:
  • Four investment bankers need to cross a bridge at night to get to a meeting. They have only one flashlight and 17 minutes to get
    15·1 answer
  • Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?
    7·1 answer
  • g The economic perspective focuses largely on marginal analysis, which means analyzing Multiple Choice peripheral elements of a
    8·1 answer
  • Novak Corporation is preparing its 2014 statement of cash flows, using the indirect method. Presented below is a list of items t
    15·1 answer
  • What is the shortcut to switch back and forth between windows?
    12·2 answers
  • Which type of risk is most significant for bonds?
    15·1 answer
  • This résumé format focuses on an applicant’s work experience and education:
    13·2 answers
  • Company Baldwin invested $50,460,000 in plant and equipment last year. The plant investment was funded with bonds at a face valu
    8·1 answer
  • Define internal customers​
    12·1 answer
  • In 2022 the Splish Brothers Inc. had net credit sales of $1020000. On January 1, 2022, the Allowance for Doubtful Accounts had a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!