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zheka24 [161]
3 years ago
5

Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overh

ead costs for the most recent month appear below: Original Budget Actual Costs Variable overhead costs: Supplies $ 8,300 $ 8,490 Indirect labor 10,770 10,120 Fixed overhead costs: Supervision 16,110 14,540 Utilities 15,400 15,450 Factory depreciation 58,130 59,650 Total overhead cost $ 108,710 $ 108,250 The company based its original budget on 8,300 machine-hours. The company actually worked 8,260 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 8,190 machine-hours. What was the overall fixed manufacturing overhead volume variance for the month?
Business
1 answer:
timofeeve [1]3 years ago
4 0

Answer:

$1,188 unfavorable

Explanation:

Volume variance = Budgeted fixed overhead cost - Fixed overhead applied to work in process.

$89,640 ÷ 8,300 machine hours

= $10.8 per machine hours

= $89,640 - ( 8,190 machine hours * $10.8 per machine hours )

= $89,640 - $88,452

= $1,188 unfavorable

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What role does budget play and why exhibiting responsible money management behavior is important to reaching future financial go
larisa [96]

Answer:

Some entities will follow a top-down mandatedapproach to budgeting. These budgets will begin with upper-level management establishing parameters under which the budget is to be prepared. These parameters can be general or specific. They can cover sales goals, expenditure levels, guidelines for compensation, and more. Lower-level personnel have very little input in setting the overall goals of the organization.

Explanation:

7 0
3 years ago
Labor productivity on the Cleveland Tools Inc. assembly line was 33 units per hour in 2019. In 2020, labor productivity was 35 u
elena-14-01-66 [18.8K]

Answer:

Productivity Growth = 6.1%

Explanation:

Productivity Growth = Current Productivity - Previous Productivity/ Previous Productivity

Productivity Growth = 35-33/33=2/33= 0.0606 or 0.061*100= 6.1%

Productivity Ratio =  Output/ Input

Labor Productivity=  No of Units/ No of Employees

A preferable approach to productivity measurement is to record multiple physical measures that capture the most important determinants of a company's productivity.

7 0
3 years ago
the stock of abc company has a dividend yield of 4%. the corporation has paid a dividend of $3.00 a share over the last 12 month
Nana76 [90]

Here ,Dividend yield = 4%

Earnings per share = 3

Dividend yield is calculated as follows

Dividend yield = Dividend per share / Current market price

4% = 3 / Current market price

Current market price =  34% = 75

Consequently, the current market price per share is $75

<h3>What is meant by the current market? How can I find the most recent market price?</h3>

Current Market refers to the Principal Market, as of any date of determination, on which the Parent's shares of common stock are then listed, traded, and quoted.

Check the P/E ratio and earnings per share in the company's annual report for the accounting period to get an idea of the market price for that particular date. For instance, if the P/E ratio is 20 and the company reported EPS of 7.50, the expected market price comes out to 150 per share.

To learn more about market price visit:

brainly.com/question/24179422

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4 0
2 years ago
HH Industries has 50 million shares that are currently trading for $4 per share and $200 million worth of debt. The debt is risk
ELEN [110]

Answer:

12%

Explanation:

For computing the equity cost of capital first we have to determine the weight of the capital structure after that the WACC and then finally equity cost of capital which is shown below:

Weight of capital structure

For debt  

= $200 million ÷ $400 million

= 0.50

For equity

= 50 million × $4 ÷ $400 million

= 0.50

Now the WACC is

= 0.50  11% + 0.50 × 5%

= 8%

Since the value fo equity is declined by

= 50 × $3

= $150

Now the equity cost of capital is

= WACC + (WACC - interest rate) × (debt ÷ equity)

= 8% + (8% - 5%) × (200 ÷ 150)

= 12%

6 0
4 years ago
Which statement best describes the two billing cycle method that some credit card companies use
Alborosie

Answer:

Double-cycle billing is a method used by creditors, usually credit card companies, to calculate the amount of interest charged for a given billing period. It takes into account not only the average daily balance of the current billing cycle (usually one month), but also the average daily balance of the previous cycle.

Explanation:

idk...my mom helped me answer this for you

3 0
3 years ago
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