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Aleks04 [339]
3 years ago
9

Trull Company uses a standard cost system. Variable overhead costs are allocated based on direct labor hours. In the first​ quar

ter, Trull had a favorable cost variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this​ variance?
A The actual number of direct labor hours was lower than the budgeted hours.B The actual variable overhead costs were higher than the budgeted costs.C The actual variable overhead costs were lower than the budgeted costs.D The actual number of direct labor hours was higher than the budgeted hours.
Business
1 answer:
ki77a [65]3 years ago
6 0

Answer:

C. The actual variable overhead costs were lower than the budgeted costs.

Explanation:

Variable Overhead Cost variance =Budgeted cost - Actual Cost

where this value is positive, this is favorable, where this is negative it is unfavorable.

Actual cost = Actual hours X Actual rate per hour

Budgeted Cost = Budgeted hours for actual level of production X Budgeted rate per hour

Even if actual hours are lower than budgeted it will not lead to favorable overhead as actual rate per hour might be less.

Total variable overhead will only be favorable when net actual variable overhead cost is less than budgeted variable overhead costs.

C. The actual variable overhead costs were lower than the budgeted costs.

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Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that
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Answer:$120,000

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Upton Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products usin
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Answer:

$67.80.

Explanation:

                                                 Long                       Short

Direct materials per unit          $ 14.70                   $ 48.50

For 60,000 units                   882,000

Direct labor per unit                 $ 17.30                   $ 50.90

For 60,000 units                   1038000

Direct labor-hours per unit       0.70                           2.10

Estimated Overhead          1796,077                  1690,343

Total Costs                         3716077

Unit Cost = Total Costs/ No of units = $    3716077/ 60,000= $ 61.93=$ 62

Working

Direct labor support  Cost for Long= ( $ 2,034,020 / 63,000 )* 42,000   =

$ 1356,013

Setting up machines Cost for Long(434,400 /  2,940 )*1190=  $175,829

Part administration Cost for Long =( 1,018,000 / 3,660)* 950= $ 264,235

                                                 Long           Short

Direct materials per unit          $ 14.70     $ 48.50

Direct labor per unit                 $ 17.30      $ 50.90

Direct labor-hours per unit       0.70             2.10

Annual production                 60,000           10,000

Estimated total manufacturing overhead  $3,486,420

Estimated total direct labor-hours  63,000

Activities                             Activity                Estimated            

                                            Measures        Overhead Cost

Direct labor support              (DLHs)            $ 2,034,020

Setting up machines             (setups)                434,400

Part administration             (part types)             1,018,000

Total                                                                  $ 3,486,420

Expected Activity             Long           Short          Total DLHs

                                       42,000         21,000            63,000

Setups                              1,190             1,750             2,940

Part types                         950             2,710               3,660

The unit product cost of product Long under the company's traditional costing system is closest to:

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Use ergonomically designed equipment for work

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The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Information about each firm
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Answer:

The answer is "$4.311".

Explanation:

Calculating the EPS after the merger:

\text{Stultz Corp Post Merger Earnings} = 220,000 + 1,000,000 \\\\

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\to \text{Number of Shares Post Merger:} \\\\=\frac{99,000}{3} + 250,000\\\\ = 283,000\\\\\text{EPS Post Merger} =\frac{\text{Stultz Corp Post Merger Earnings}}{\text{Number of Shares Post Merger}} \\\\

                            = \frac{1,220,000}{283,000} \\\\= \$4.311

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2 years ago
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