The news corporation, Smile train, Delta airlines and Gucci are all examples of organizations
Explanation:
The entity that consists of many groups of people who work together for an organization for a particular purpose for an institution or for an association is called as an organization
The tasks here are performed in an organized way and taking the efficient way to approach an presenting them in a logical order is called as organizing there are three main types of business organizations they are the sole proprietorship, partnership and the cooperation
Answer:
124 rooms per month
Explanation:
Total operating cost per month = 5500 +1000+1200+1868+(31*50)+(61*50)
= $14,168
Rental income per night = 115
Therefore, Breakeven point in number of rented rooms = 14168/115=123.2
Approximately, atleast 124 rooms should be rented in a month to break even
Answer:
Variable manufacturing overhead rate variance= $4,596 unfavorable
Explanation:
Giving the following information:
Variable manufacturing overhead 0.50 hours $8.80 per hour $4.40
Actual direct labor hours= 1,200
Variable manufacturing overhead costs during March totaled $15,161.
<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>
Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Actual rate= 15,161/1,200= $12.63
Variable manufacturing overhead rate variance= (8.8 - 12.63)*1,200
Variable manufacturing overhead rate variance= $4,596 unfavorable
Answer:
Using the weighted-average method, the equivalent units of production with regard to direct labor were 132,500
Explanation:
Units % of Completion EQUP
Completed 110,000 100 110,000
Ending Work in
Process
<u> Inventory 45,000 50% 22,500</u>
145,000 132,500
Using the weighted-average method, the equivalent units of production with regard to direct labor were 132,500
This is the key feature of weighted average method. The number of equivalent units is calculated without making a distinction as to whether the activity occurred in the current accounting period or preceeding period.