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Art [367]
3 years ago
14

The predetermined overhead rate for Zane Company is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The

amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $9500 variable and $6050 fixed, and standard hours allowed for the product produced in June was 3000 hours. The total overhead variance is
Business
2 answers:
Usimov [2.4K]3 years ago
8 0

Answer:

Total Overhead Variance= $500 unfavorable

Explanation:

The total overhead variance is the difference between actual overhead and the applied overhead.

Actual Overhead = Variable + Fixed= $9500 + $6050= $ 15,550

Budgeted Overhead for 30000 direct labor hours = $ 150,000

Applied Overhead for 3000 hours = 3000 *$5= $15000

Total Overhead Variance= Actual Overhead Less Applied Overhead

                                    = $15,500- $ 15000= $500 unfavorable

As actual is greater than applied it is unfavorable.

NeTakaya3 years ago
4 0

Answer:

$550 unfavorable.

Explanation:

Total actual overhead = $9,500 + $6,050 = $15,550

Total predetermined overhead = Predetermined overhead rate * Standard hours = $5 * 3,000 = $15,000

Total overhead variance = $15,550 - $15,000 = $550 unfavorable.

Note: It is unfavorable because total actual is greater than total predetermined overhead.

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Blue Spruce University sells 6,800 season basketball tickets at $45 each for its 10-game home schedule. Prepare a tabular summar
JulsSmile [24]

Answer: Blue spruce university Basketball games

Explanation: The Sale of Season tickets = $45 *10= $450

while the total revenue accrued after the first game=6800*450=$3,060,000

4 0
3 years ago
Upon a second and third offense, a driver can be charged $25 dollars for not maintaining adequate insurance coverage, $160 for r
xz_007 [3.2K]

If a driver have committed a second and third offense, they will have their license suspended for six months with other punishment.

<h3>What is Road traffic offense?</h3>

A road traffic offense refers to any act that violated the Road traffic rule.

Some road traffic offense apportioned for a typical road traffic offense includes:

  • suspension of driver license
  • fines etc

In conclusion, If a driver have committed a second and third offense, they will have their license suspended for six months with other punishment.

Read more about road traffic offense

<em>brainly.com/question/1138029</em>

8 0
2 years ago
Nadine is retiring today at age 66 and expects to live to age 82. She has $136,000 in her retirement savings account. She is som
Natali [406]

Answer:

$1,103.56

Explanation:

In this question, we use the PMT formula that is shown in the attachment. Kindly find it below:

Provided that

NPER = (82 - 66) × 12 = 192

Present value = $136,000

Future value = $0

Rate of interest = 6% ÷ 12  months = 0.5%

The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

The present value come in negative

So, after solving this, the monthly payment is $1,103.56

6 0
3 years ago
How much control does the government exert over businesses in a command economy, and what are some of the associated risks and d
siniylev [52]

The government has total control in a command economy, all production, investment, prices and incomes are determined by the government. A command economy is also known as a communist society because business owners do not have any control over their businesses. In a command economy, there are risks/disadvantages of running operations this way because there is a lack of competition and efficiency. When the government controls everything, there is less competition because pricing is set by the government. There is also less efficiency due to them waiting on the government to make their decisions.

5 0
3 years ago
Bob sold goods for $100 to a charge customer. The customer returned for credit $ 50 worth of goods. Terms of the sale were 3​/10
aev [14]

Answer:

The customer should​ pay $48.5

Explanation:

Terms of sale 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

As per given data

Sale = $100

Sales return = $50

Receivable = $100 - $50 = $50

As the payment is made within discount period, so discount will be availed on the amount due

Discount = $50 x 3% = $15

Payment by Customer = $50 - $1.5 = $48.5

5 0
3 years ago
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