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3 years ago

Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data.

Business

1 answer:

r-ruslan [8.4K]3 years ago

8 0

Explanation:

a. Manufacturing overhead Flexible budget report

Budget Actual Favorable (Unfavorable)

Variable cost

Indirect material $11,100 $14,900 $3,800 U

Indirect labor $11,000 $9,600 $1,400 F

Utilities $7,700 $9,100 $1,400 U

Maintenance $5,500 $4,800 $700 F

Total Variable cost $35,300 $38,400 $3,100 U

Fixed expenses

Supervisory Salary $36,700 $36,700 0

Depreciation $6,100 $6,100 0

Property, taxes $7,400 $8,500 $1,100 U

Maintenance $4,900 $4,900 0 U

Total fixed expense $55,100 $56,200 $1,100 U

Total controllable

cost $90,400 $94,600 $4,200 U

b. Manufacturing overhead Responsibility report

Controllable cost Budget Actual Favorable (Unfavorable)

Indirect material $11,100 $14,900 $3,800 U

Indirect labor $11,000 $9,600 $1,400 F

Utilities $7,700 $9,100 $1,400 U

Maintenance $10,400 $9,700 $700 F

Supervisory salaries$36,700 $36,700 0

Total $76,900 $80,000 $3,100 U

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3 years ago

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3 years ago

P & G Auto Parts sells parts to AAA Car Repair during 2018. P&G offers rebates of 2% on purchases up to $60,000 and 3% o

nirvana33 [79]

Answer:

c. credit to Sales Revenue for $72,380.

Explanation:

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4 years ago

When Alex's income increased from $2,000 to $4,000, he increased his consumption of bagels from 6 to 10 a month and decrease

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Answer:

For Bagels = 1.33

For Donuts = -1.33

Explanation:

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Alex's percentage change in demand for both bagels and donuts is given by the difference in the quantity consumed divided by the average consumption:

$\%B =\frac{10-6}{\frac{10+6}{2}}\\\%B=50.00\%\\\%D =\frac{9-15}{\frac{15+9}{2}}\\\%D=-50.00\%$

Alex's income elasticity of demand for bagels and donuts, respectively, is:

$E_B=\frac{\%I}{\%B}=\frac{66.67\%}{50\%} \\E_B=1.33\\\\E_D=\frac{\%I}{\%D}=\frac{66.67\%}{-50\%} \\E_D=-1.33$

His income elasticity of demand for bagels is 1.33, while for Donuts it is -1.33.

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3 years ago

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ozzi

Answer:

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3 years ago