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mars1129 [50]
3 years ago
7

What is the margin of safety? a. $ 25,000 b. $ 50,000 c. $100,000 d. $250,000?

Business
1 answer:
Andrej [43]3 years ago
3 0
It depends what for... but If its really important, u would say 50,000
You might be interested in
Nexus Industries uses a standard costing system to apply manufacturing costs to its production process. In​ May, Nexus anticipat
Mama L [17]

Answer:

$33,700 (Favorable)

Explanation:

Note: Figures are not inputted. The missing figures have been figured out as below.

"<em>Nexus industries uses a standard costing system to apply manufacturing costs to its production process. In May nexus anticipated 2700 units with fixed manufacturing overhead costs allocated at $8.40 per direct labor hour with a standard of 2.5 direct labor hours per unit. In May, actual production was 3400 units and actual fixed manufacturing overhead cost were $23000.  What was nexus fixed manufacturing overhead volume variance in May</em>?"

Solution:

Budgeted fixed overhead costs = Units * Direct labor cost * Standard Direct Labor hours per unit

= 2,700 units * $8.40 * 2.5

= 2,700 units * 21

= $56,700

Fixed manufacturing overhead volume variance = Actual fixed overhead cost - Budgeted fixed manufacturing overhead costs

When Actual fixed overhead = $23,000 ,  Budgeted fixed overhead costs = $56,700

Fixed manufacturing overhead volume variance = $23,000 - $56,700

= $33,700 (Favorable) .

8 0
3 years ago
Extremely autonomous children A. usually have strict discipline at home. B. suffer from self-doubt. C. can't be creative. D. may
Sidana [21]
A. usually have strict discipline at home

4 0
2 years ago
Read 2 more answers
An accountant of wallie's the pizza franchise claims that its stores generate average weekly revenues of at least $7,000 per sto
Lesechka [4]

The calculated value of the Z statistic to test the potential buyer's belief at the 1% significant level is -2.57512627.

The calculated Z score is slightly greater than the critical value of -2.575, the potential buyer's view that weekly store revenues are less than $7,000 stands vindicated.

Since store revenues are assumed to be normally distributed and population standard deviation is given, we can use the Z-test. The relevant test statistic is the Z-score.

We use the following formula for calculating the Z score:

Z = (X - μ) / (σ /√n)

Substituting the relevant values we get,

Z = (6400 -7000) / (1042/√20)

Z = -600 / 232.9982833

Z = -2.57512627

7 0
3 years ago
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 25% of Nursery Supplies Inc
kvasek [131]

Answer:

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

Dr Investment in Nursery supplies $7 million

Cr Investment Revenue $7 million

Dr Cash $9 million

Cr Investment in Nursery supplies $9 million

No Entry

Explanation:

Preparation of the appropriate journal entries from the purchase through the end of the year.

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

(To record purchase of 25% shares for $66 million)

Dr Investment in Nursery supplies ($28 million x 25%) $7 million

Cr Investment Revenue $7 million

(To record investor share of investee's net income)

Dr Cash (18 million shares x 25% share x $2 per share) $9 million

Cr Investment in Nursery supplies $9 million

(To record receipt of dividend)

No Entry

5 0
3 years ago
Microsoft project is the most widely used project management software today and is an example of a ________ tool.
fomenos
Software documents tools
6 0
3 years ago
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