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3 years ago

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Business

1 answer:

Marianna [84]3 years ago

6 0

Answer:

variable overhead efficiency variance= $22,780 unfavorable

Explanation:

Giving the following information:

Standard hours per unit of output 7.0 hours

Standard variable overhead rate $ 13.40 per hour

Actual hours 2,725 hours

The actual output of 150 units

To calculate the variable overhead efficiency variance, we need to use the following formula:

variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 150*7= 1,050 hours

variable overhead efficiency variance= (1,050 - 2,750)*13.4

variable overhead efficiency variance= $22,780 unfavorable

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A deadweight loss is a consequence of a tax on a good because the tax a. induces the government to increase its expenditures. b.

zalisa [80]

Answer:

B) induces buyers to consume less, and sellers to produce less.

Explanation:

Taxes are a necessary evil since they always increase the price of the goods and services that consumers buy and decrease the amount of money that producers receive from selling their goods and services. But taxes are necessary and unavoidable.

But once a market assumes all the effects of existing taxes it reaches an equilibrium price that both consumers and producers are satisfied with. If a new tax is levied than the deadweight losses are greater since consumer surplus and producer surplus are both reduced. This will lead to a reduction in the incentive that both consumers and producers have to engage in transactions. Many times consumers will substitute heavily taxed goods for other goods since they feel they are getting more from consuming those goods (consumer surplus). The same happens to producers, many producers will change their heavily taxed goods for other goods.

If the price elasticity of demand or supply of a certain good is large (elastic demand and supply), the deadweight loss will be greater.

7 0

3 years ago

Working as a team to design a skyscraper would most satisfy which of these personal benefits of work?

yulyashka [42]

I think it depends on how people think of you and how much money you get paid, but I would say being with others. Just because it said you were working as a team. I would not consider "a want" in this situation.

7 0

3 years ago

Read 2 more answers

Drogo, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 12 years to maturity that is qu

ahrayia [7]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

6 0

3 years ago

Mary's Baskets Company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. There are 4,000 baskets in beginni

algol13

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Mary's Baskets Company expects to manufacture and sell 30,000 baskets in 2019 for $5 each.

<u>Sales revenue is the result of multiplying the number of units sold for the selling price per unit:</u>

<u></u>

Sales= 30,000*5= $150,000

5 0

3 years ago

Read 2 more answers

YIELD TO MATURITY Harrimon Industries bonds have 6 years left to maturity. Interest is paid annually, and the bonds have a $1,00

Sloan [31]

Answer:

1) 13.42%

2) 6.56%

Explanation:

a. Given:

Par value of bonds (FV) = $1,000

Coupon rate = 10%

Coupon payment (pmt) = 0.1 × 1,000 = $100

Present value of bond = $865

Maturity period (nper) = 6

Use spreadsheet function =rate(nper,pmt,-PV,FV)

Yield to maturity when price of bond is $865 is 13.42%

2) If PV is $1166, then yield to maturity is 6.56%

If interest rate is 12%

FV is $1,000

Pmt is $100

nper = 6

The use spreadsheet function =PV(rate,nper,pmt,FV) to compute present value of bond.

Present value of bond is $917.77

Since present value of bond is more high, one can pay $865 for each bond.

5 0

3 years ago