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grandymaker [24]
4 years ago
7

Petra Company uses standard costs for cost control and internal reporting. Fixed costs are budgeted at $36,000 per month at a no

rmal operating level of 10,000 units of production output. During October, actual fixed costs were $40,000 and actual production output was 12,000 units.
Required:
a. Determine the fixed overhead budget variance.
b. Assume that the company applied fixed overhead to production on a per-unit basis. Determine the fixed overhead volume variance.
Business
1 answer:
il63 [147K]4 years ago
8 0

Answer: tough

Explanation:

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You are purchasing an equipment for $ 200,000 for your new store. Assume the store has no other expenses or revenues other than
djverab [1.8K]

Answer:

Negative cash balance of $210,000.

Explanation:

Given that,

cost of equipment = $200,000

Inventory purchased = $12,500

Cash balance = $2,000

Accounts payable = $4,500

Net cash flow at time zero:

= (cost of equipment) + (Increase in working capital)

= ($200,000) + (Inventory purchased + cash balance - Accounts payable)

= ($200,000) + ($12,500 + $2,000 - $4,500)

= ($200,000) + ($10,000)

= ($210,000)

Note: Negative values are in the parenthesis.  

4 0
3 years ago
A purely competitive firm finds that the market price for its product is $30.00. It has a fixed cost of $100.00 and a variable c
Alinara [238K]

Answer:

Yes $30 agsinst $19.50

The variable cost for the first 50 untis is $17.50

Yes $30 against $27.25

average variable cost for the first 100 units $26.25

Marginal cost for the first 50 units: 17.50 which is lower than marginal revenue

from 51 units and subsequent untis: 35 which is higher than marginal revenue

It will produce 50 units achieving $525 of profit

Explanation:

$100 fixed cost /50 units + 17.50 = 19.50 average cost

selling price: $30

100 fixed cost + 17.50 x 50 + 35 x 50 = 2725

total cost 2,725 / 100 units = 27.25 unit average cost

selling price $30

($17.50 x 50 + $35 x 50)/100 = 26.25

After the 50untis our profit will decrease as the marginal revenue is lower than marginal cost thus, we stuop production at the 50 units:

50 x 30 - 100 fixed cost - 17.50 x 50 variable cost = 525 profit

4 0
3 years ago
A partnership agreement provides that, at sale, cash proceeds are distributed first to Ms. Jones in an amount equal to her origi
Anvisha [2.4K]

Answer:

$800,000

Explanation:

The total amount received by Ms. Jones (A) is given by the following expression:

A = I-D + (S-(I-D))*0.6

Where 'I' is Ms. Jones initial investment, 'D' are cash distributions previously received and 'S' is the cash flow from sales.

The amount received by Ms. Jones is:

A = 600,000-100,000 + (1,000,000-(600,000-100,000))*0.6\\A= 800,000

She would receive $800,000.

8 0
3 years ago
I cant do this test. i have the 16 unit career explorations test. any one know answers?
luda_lava [24]
Nahwhenejejejeieiei4j4mejdjr
7 0
3 years ago
Acellus: into to accounting ?
lorasvet [3.4K]

Answer:

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Explanation:

8 0
3 years ago
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