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Stels [109]
2 years ago
15

Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities.​ Monty's management has

contracted you to perform a variance analysis on the fixed manufacturing overhead for its line of slides.​ Monty's cost accounting team informs you that it allocates fixed overhead based on machine hours. This period production was budgeted at
35

slides. Budgeted and actual production data​ follows:

Standard fixed overhead cost per machine hour

$5.00

Standard machine hours per slide

9

Actual production

390

Actual fixed overhead cost

$20,000

What is the fixed manufacturing overhead volume variance in this​ period?

A.

$18,425

unfavorable

B.

$15,975

unfavorable

C.

$15,975

favorable

D.

$18,425

favorable
Business
1 answer:
telo118 [61]2 years ago
5 0

Question

Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities.​ Monty's management has contracted you to perform a variance analysis on the fixed manufacturing overhead for its line of slides.​ Monty's cost accounting team informs you that it allocates fixed overhead based on machine hours. This period production was budgeted at  35 0 slides

. Budgeted and actual production data​ follows:

Standard fixed overhead cost per machine hour  $5.00

Standard machine hours per slide  9

Actual production  390

Actual fixed overhead cost  $20,000

What is the fixed manufacturing overhead volume variance in this​ period?

Answer:

Fixed overhead volume variance  $1800 Favorable

Explanation:

Standard fixed cost per unit = cost per hour × standard hours

                                             =  $5.00  ×9  = $45

                                                                                     Units

Budgeted  production unit                                      350

Actual       production unit                                        <u>390</u>

Volume variance in (units)                                       40

Standard fixed over cost per unit                           <u>× $45</u>

Fixed overhead volume variance                          <u>  1800 </u>Favorable

Fixed overhead volume variance  $1800 Favorable

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Answer:

The equation for Edmund's budget line is 6C - 24G = 48

Explanation:

A budget line shows all possible combinations of two commodities that a consumer can buy at a given income level and at given market prices of commodities. The equation of the budget line is as follows.

M = (Px).X + {Py).Y where

M = Income

Px = Price of commodity X

X = Units of commodity X purchased

Py = Price of commodity Y

Y = Units of commodity Y purchased

In this question, Edmund's income is $48. Let C represent the units of punk rock video cassettes that he buys. Each one costs $6.

In addition, rather than spending on another commodity, he earns $24 per sack for accepting garbage. Let G represent the number of garbage sacks he accepts. Putting these values in the above equation, we have:

48 = 6C - 24G

Rearranging the equation, we have the final answer, which is:

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3 years ago
1. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial inves
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The market capitalization rate for Admiral Motors Company is 8%. Its expected ROE is 10% and its expected EPS is $5. The firm's
pashok25 [27]

Answer:

(A) 6%

(B) 20

Explanation:

The market capitalization rate for Admiral motors is 8%

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= 0.1

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= 60/100

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= Plowback ratio × ROE

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= 0.06×100

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3 years ago
On January 1, Year 1, Savor Corporation leased equipment to Spree Company. The lease term is 9 years. The first payment of $698,
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Answer:

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Explanation:

Present value of Lease Payment = $4,561,300

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When companies hire celebrities to advertise their products, they are attempting to make the demand for their product more _____
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Answer:

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