1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yKpoI14uk [10]
2 years ago
7

Petrus Framing's cost formula for its supplies cost is $1,860 per month plus $11 per frame. For the month of March, the company

planned for activity of 626 frames, but the actual level of activity was 635 frames. The actual supplies cost for the month was $9,200. The activity variance for supplies cost in March would be closest to:
Business
1 answer:
MissTica2 years ago
4 0

Answer:

$355 unfavorable

Explanation:

Budgeted supplies cost was [$1,860 + (635 frames x $ 11)] = ($1,860 + $6,985) = $8,845

Actual supplies cost was $9,200, so the variance was = budgeted cost - actual cost = $8,845 - $9,200 = $355 unfavorable

Since the actual supplies cost was higher than the budgeted supplies cost, then the variance must be unfavorable (because more money was spent than expected).

You might be interested in
If John made $23,562.55 in wages, and $2,679.32 cents in tips, what amount should he enter for his income when filling out his 1
Harrizon [31]

Answer:

Explanation:

$26,241.67

8 0
2 years ago
Read 2 more answers
A company's issued share capital throughout an accounting period consists of 500,000 common shares of 20 cent each and 100,000 p
ella [17]

Answer:

a. $0.30

Explanation:

Basic Earning Per Share (BEPS) = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stock.

Earnings Attributable to Holders of Common Stock calculation :

Net income after tax for the period                            $160,000

Less Preference Dividend                                           ($10,000)

Earnings Attributable to Holders of Common Stock $150,000

Weighted Average Number of Common Stock calculation :

Outstanding common shares                                      500,000

Therefore,

Basic Earning Per Share (BEPS) = $150,000 ÷ 500,000

                                                     = $0.30

7 0
3 years ago
Why are pricing decisions important to organization?
gregori [183]

Answer:

  • Pricing is important since it defines the value that your product are worth for you to make and for your customers to use.
8 0
2 years ago
The responsibility report for the Augusta Division shows budgeted contribution margin of $2,000,000 and budgeted controllable fi
Mumz [18]

Answer:

D) is 20% above expectations.

Explanation:

The Augusta Division was supposed to earn a net profit of $1,000,000 (= $2,000,000 - $1,000,000). Since the division's manager and his/her team were able to cut reduce fixed costs to $900,000 and increase contribution margin to $2,100,000 (either by increasing selling price or reducing variable costs), then the division earned a net profit of $1,200,000 (= $2,100,000 - $900,000). This net profit is 20% higher than expected, therefore the manager's (and his/her team's) overall performance was 20% above expectations.

5 0
3 years ago
A loss is when
Illusion [34]

The answer is B revenue is less than expenses

5 0
3 years ago
Read 2 more answers
Other questions:
  • A great way to keep followers up to date on your business is to utilize​ __________ online. A. comments and critiques B. orienta
    9·1 answer
  • A city acquired two vehicles in a particular year: (1) a sedan for $20,000 that was paid for through the General Fund and (2) a
    12·1 answer
  • Departmentalizing decisions increases the risk of __________ leading to a poor decision.
    13·2 answers
  • In some countries it is customary to pay government officials to secure necessary business contracts and permits. American busin
    11·2 answers
  • You got a new credit card and spent $200 on the card last month. You forgot to make the payment on time and were assessed a $40
    9·2 answers
  • What is the definition of excellent customer service?
    13·1 answer
  • Athena Jolene, a human resources executive at Thomas Griffith, wants to collect ideas from the company's employees for an upcomi
    12·1 answer
  • Dave is a close-up magician who is famous for his card tricks. He creates and sells DVDs of his magic tricks. Lately he has been
    5·1 answer
  • Step 4: Use the line chart to determine the approximate price of the stock at the beginning of 2003. How much money would you ha
    8·1 answer
  • From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!