Your department store receipt says that you pay a 5% sales tax on sports equipment. this sales tax is an example of a

Cullumber Manufacturing Company purchased 14600 switches to make 6300 units. The standard allows for 2 switches per unit. The co

earnstyle [38]

Answer:

d. $1,875 unfavorable

Explanation:

Direct material quantity variance is computed as;

= (AQ - SQ) × SP

AQ = Actual quantity = 6,300 units

SQ = Standard quantity = 14,200 / 2 = 7,300 units

SP = Standard price = $0.80

Direct material quantity variance

= (6,300 - 7,300) × 0.80

= -1,000 × $0.80

= -1,875 unfavorable

3 0

3 years ago

Koebel Corp uses a job order costing system with manufacturing overhead applied to products on the basis of direct labor hours.

Lynna [10]

Answer: See explanation

Explanation:

a. Calculate the predetermined overhead rate Overhead Rate per hour

Predetermined Overhead rate will be the estimated total manufacturing overhead divided by the estimated total direct labor hours. This will be:

= $ 921,600/51,200

= $ 18

(b) Calculate how much manufacturing overhead will be applied to production

Manufacturing overhead that'll be applied to production will be the predetermined overhead rate multiplied by the actual total direct labor hours. This will be:

= $ 18 × 48,900 direct labor hours

= $ 880,200

(c) Is overhead over- or underapplied? By how much?

The Actual Overhead Incurred = $902,900 while the manufacturing overhead applied = $880,200. This shows that overhead is underapplied due to the fact that manufacturing overhead applied is less than the actual overhead that is incurred.

Therefore, the amount of overhead that was underapplied will be:

= $ 902,900 - $ 880,200

= $ 22,700

(d) What account should be adjusted for over-or underapplied overhead? Should the balance be increased or decreased?

Based on the scenario in the question and the answers calculated, the cost of goods sold should be increased.

4 0

4 years ago

A major lottery advertises that it pays the winner $10 million. However, this prize money is paid at the rate of $ 500,000 each

My name is Ann [436]

Answer:

We have to discount these payments to find the present value

500,000

500,000/1.1

500,000/1.1^2

500,000/1.1^3

We keep on doing this until we reach 500,000/1.1^19

After that we add all the payments and get the value. A less time consuming way of doing it is using a financial calculator

Pv=?

N=19

FV=0

PMT=500,000

=4,182,460.05 we add 500,000 to this because the first payment was not discounted=4,682,460.05= Present Value.

Explanation:

8 0

3 years ago

Which is considered good practice concerning the installation of acrylic plastics?

quester [9]

When rivets are used, adequate spacer or other satisfactory means to prevent excessive tightening of the frame to the plastic should be considered good practice concerning the installation of acrylic plastics.

A translucent plastic with exceptional strength, rigidity, and optical clarity is acrylic. Acrylic sheet is simple to manufacture, adheres well to solvents and adhesives, and is simple to thermoform.

Compared to many other transparent plastics, it offers better weathering characteristics.

Clarity, brightness, and transparency are characteristics of acrylic sheet that are similar to those of glass, yet it is half as heavy and has many times the impact resistance of glass.

Acrylic plastics offer exceptional versatility, durability, and aesthetic attributes for everything from sturdy signs and skylights to eye-catching retail store fixtures, displays, and shelves.

A practical, transparent substance that resembles glass, acrylic plastic, sometimes called plexiglass, has superior transparency and weighs 50% less than glass of an equivalent thickness. One of the clearest materials is acrylic.

Learn more about plastics here:

brainly.com/question/8647954

#SPJ4

6 0

1 year ago

A negative outflow to the U.S. balance of payments is generated by the purchase of United States assets (such as United States T

Georgia [21]

Answer:

B) False

Explanation:

Not necessary. Every transactions has two parts recorded as a debit and a credit.

If the purchases of US assets (credit to US capital account, broadly include Treasury bonds, businesses and land) are funded by the sales of goods and services (debit to US current account) then it will push the US balance of payments down.

However, if those purchases are funded by the sales of foreign assets to US investors (debit to US broadly defined capital account), then it will not affect the US BOP negatively. It's the cross ownership of international investors in US assets and US investors in international assets.

8 0

3 years ago