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irinina [24]
3 years ago
14

Mondo Snow Removal's cost formula for its vehicle operating cost is $1,300 per month plus $621 per snow-day. For the month of Ja

nuary, the company planned for activity of 20 snow-days, but the actual level of activity was 23 snow-days. The actual vehicle operating cost for the month was $15,060. The activity variance for vehicle operating cost in January would be closest to:
Business
1 answer:
Flauer [41]3 years ago
5 0

Answer:

The correct answer is $1,863 (U).

Explanation:

According to the scenario, computation of the given data are as follows:

Planned Activity = 20 days

Actual activity days = 23 days

Contribution margin = $621

Operating cost =- $15,060

So, we can calculate the activity variance by using following formula:

Activity Variance = ( Planned activity days - Actual activity days) × Contribution margin

By putting the value, we get

Activity variance = ( 20 - 23 ) × $621

= -3 × $621

= - $1,863 ( Negative shows unfavorable)

= $1,863 (U)

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For the year ended December 31, Lopez Company implements an employee bonus program based on company net income, which the employ
Mrac [35]

Answer:

Lopezâs bonus expense is computed as $40,777. Therefore,

The Journal entries are as follows:

(i) On December 31,

Employee bonus expense A/c    Dr. $40,777

To Bonds payable A/c                                       $40,777

(To record the bonus due)

(ii) On January 19,

Bonds payable A/c     Dr. $40,777

To Cash A/c                                     $40,777

(To record the payment of the bonus to employees.)

4 0
3 years ago
It is important that the implementation planning section of a systems proposal report adress
melisa1 [442]

It is crucial and vital that the implementation of the planning section of a systems proposal report address: training, communication, and support of the system.

<h3>What is the planning section of a system?</h3>

The planning section of a system is an integral part of action planning. The Head of the Planning Section conducts briefing sessions, offers crucial advice on targets, and predicts future requirements.

The Planning Section is a member of the leadership team in charge of setting incident objectives and strategies for the specified operating period.

Therefore, we can conclude that it is crucial and vital that the implementation of the planning section of a systems proposal report address: training, communication, and support of the system.

Learn more about the Planning section here:

brainly.com/question/25453419

7 0
2 years ago
Determine the maturity date and compute interest for each note. (Use 360 days a year. Do not round intermediate calculations.) N
Alinara [238K]

Explanation:

The determination of the maturity date and the interest for each notes is as follows

Contract date    Maturity Month Maturity Date   Interest expenses

March 19                  May                         18                           $280

May 11                      August                     9                            $660

October 20             December               4                             $105

For March 19, the interest expense calculation is

= $28000 × 6% × 60 days ÷ 360 days

= $280  

For May 11, the interest expense calculation is

= $33,000 × 8% × 90 days ÷ 360 days

= $660

For October 20, the interest expense calculation is

= $21000 × 4% × 45 days ÷ 360 days

= $105                                                        

5 0
3 years ago
Assume the following information regarding U.S. and Canadian annualized interest rates:Currency lending rate borrowing rateus do
Lunna [17]

Answer:

$601,600

Explanation:

$601,600 is Malone Bank's profit or loss from speculation if the spot rate 60 days from now is indeed $0.78.

I hope it will help you!

5 0
3 years ago
Suppose that the government is going to auction off permits equal to one third of total emissions in the economy (so two-thirds
LenaWriter [7]

Answer:

TRUE

Explanation:

TRUE, in the question, the government is going to auction off permits equal to one third of total emissions in the economy (so two-thirds of all emissions must be abated)

however, the firm will buy 100 permits even though thir marginal cost is below $ 15. because here the firm will get a monopoly in holding the permits of one third of total emissions in the economy. this is such a huge benefit for the firm and by acquiring this permits the firm can transfer the permission permits to other firm with high price or they can distribute the permits of emission among the different firms below the size of the emission permits holding firm. thus, even though marginal abatement cost of$8 has a special opportunity to buy 100 permits at a price of $15 per permits, the firm will resort to buy the permits. the power in handling the emission permits and the monopoly getting the firm in holding the permits allow the firm to act as a leader in the economy compared to other firm who don't have the emission permits. thus, the money gain and the authority gaining in emission permit hold the firm to buy the permits even though their marginal cost is below $15

3 0
3 years ago
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