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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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The Work-in-Process inventory account of a manufacturing firm shows a balance of $4,090 at the end of an accounting period. The
Assoli18 [71]

Answer:

125%

Explanation:

The computation of predetermined overhead rate is shown below:-

Manufacturing overhead = $4,090 - ($570 + $370 + $600 + $800)

= $4,090 - $2,340

= $1,750

Total direct labor = $600 + $800

= $1,400

Manufacturing overhead = Predetermined overhead rate × Direct labor

Predetermined overhead rate = Manufacturing overhead ÷ Direct labor

= $1,750 ÷ $1,400

= 125%

Therefore for computing the predetermined overhead rate we simply divide the manufacturing overhead by direct labor.

6 0
3 years ago
On October 1, 20X1, a company purchased a piece of land by agreeing to pay the seller $450,000 in two years. If the company had
erma4kov [3.2K]

Answer:

$378,756

Explanation;

The net present value of land will be =$450,000/1.09^2=$378,756

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4 0
3 years ago
First to answer gets Brainliest
igor_vitrenko [27]
You need to go into excel and make it there
6 0
3 years ago
The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. When demand is inelast
Bezzdna [24]

Answer:

The incidence of a tax is determined by which group (buyers or sellers) must actually pay the government. FALSE, the real effect of taxes is measured by the price elasticity of the demand and the supply.

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5 0
3 years ago
Need help fast please!!
arsen [322]
I think it’s C if I’m wrong I’m so sorry
4 0
2 years ago
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