Answer:
Option (c) is correct.
Explanation:
Given that,
Sales = $ 2,000.00
Costs = 1,400.00
Depreciation = 250.00
EBIT = $ 350.00
Interest expense = 70.00
EBT = $280.00
Taxes (25%) = 112.00
Net income = $168.00
Net operating profit after taxes (NOPAT):
= EBIT × (1 - tax rate)
= $350 × (1 - 25%)
= $350 × 0.75
= $262.50
Therefore, the net operating profit after taxes (NOPAT) is $262.5.
Answer:
Variable overhead rate variance = $ 875 favorable
Variable overhead efficiency variance = $ 4,185 favorable
Variable overhead cost variance = $5,060 Favorable
Explanation:
Standard hours = 1 hr x 2600 units = 2600 hours
Standard rate = $3.10
Actual hours = 1,250 hours
Actual rate = $2.40
Variable overhead rate variance = ( Standard Rate - Actual Rate ) x Actual Hrs
= ( $ 3.10 - $2.40 ) x 1250 Hrs
= $0.7 x 1250
=$ 875 favorable
Variable overhead efficiency variance = (Standard hours - Actual hours) x Standard Rate
= (2600 - 1250 ) x $ 3.10
= $ 4,185 favorable
Variable overhead spending variance = Variable overhead rate variance + Variable overhead efficiency variance
= $875 + $4,185
= $ 5,060 favorable
Variable overhead cost variance = Standard cost - Actual Cost
= (2600 X 3.10) - (1250 X 2.40) = 8,060 - 3000
= $5,060 Favorable
Answer:
The answer is C. Social audit.
Explanation:
To audit means to examine or to inspect. In this light, when an individual is to provide a formal report on a company's code of conduct or procedures in regards to corporate social responsibility, it is considered a social audit. Corporate social responsibility is the accountability that a business has towards society especially from an ethical standpoint. Some elements taken into consideration during a social audit include:
- the number volunteer activities
-work environment either internal or external.
More time spent perfecting skills compared to college
Answer:
The cost of goods sold for next month is expected to be $202,500
Explanation:
Given that,
Sales budget = $450,000
Cost of Good sold = 45% of sales
Opening inventory = $20,000
Ending inventory = $24,000
Beginning accounts payable = $206,500
Since, in the given question, it is mentioned that the cost of good sold is 45% of sales.
So,
Cost of Goods Sold (COGS) = 0.45 × $450,000
= $202,500
Hence, the cost of goods sold for next month is expected to be $202,500
Note: we don't considered other things which is mentioned in the question.
