Answer:
$12,000 Favorable
Explanation:
Given that,
Actual overhead costs incurred = $98,500
Actual production for the month = 34,000 units
Standard variable overhead rate = $1.75 per direct labor hour
Standard fixed overhead rate = $1.50 per direct labor hour
One direct labor hour is the standard quantity per finished unit.
Firstly, we need to find out the overhead applied by multiplying the actual production units with the standard overhead rate and standard quantity per finished unit.
Total standard overhead rate:
= Standard variable overhead rate + Standard fixed overhead rate
= $1.75 + $1.50
= $3.25
Overhead applied:
= Actual production × standard quantity per finished unit × Total standard overhead rate
= 34,000 × 1 × $3.25
= $110,500
Therefore, the total manufacturing overhead cost variance is determined by deducting the Actual overhead costs from the overhead applied.
It is calculated as follows:
= Overhead applied - Actual overhead costs incurred
= $110,500 - $98,500
= $12,000 Favorable
Answer:
The correct answer is letter "B": Cost of goods sold.
Explanation:
Permanent accounts are those that do not close at the end of a period because their values are measured cumulatively. They include asset, liability, and capital accounts. Permanent accounts are reported in the Balance Sheet. They are the opposite of temporary accounts which are closed period by period.
<em>Asset accounts such as accumulated depreciation and inventories or Liability accounts like current liabilities are considered permanent accounts. Cost of goods sold is considered a temporary account.</em>
Answer: c. is designed to describe a product’s characteristics and is usually associated with search goods.
Explanation: Advertising is a commercial solicitation designed to sell some commodity, service or similar with the aim to inform, persuade and to remind. Informative advertising is designed to describe a product’s characteristics, is usually associated with search goods and creates awareness of brands, products, services, and ideas. Thus, it announces new products as well as educating the target audience about the various attributes and benefits of the product.
Answer:
e. more women are in the paid labor force than in the past
Explanation:
The labor force is also known as the work force. It is defined as the labor pool that is either in the employment or the unemployed. It generally describes those people who are working for an organization.
The workforce today is changing and is different from the early days. The modern labor force is rapidly changing. There is a huge challenge for the HR professionals as there is increase in the diversity of race, gender, ethnicity , age distribution and the requirement of skills. Now-a-days more and more women are engaged in the paid labor force as compared to the early days. More women are learned and skilled and work under a paid labor force. They have shown success in many fields and are sometimes better performer than men.
Thus now more women are in the paid labor force when compared to the past.
Answer:
The correct answer is letter "C": when the marginal magnitude is below the average magnitude, the average magnitude falls.
Explanation:
The average-marginal value is an Arithmetic rule implemented in Economics that states that when the marginal value is above the average value, the average value tends to rise, In case the marginal value is below the average value, the average value tends to fall. The average value remains the same when it is equal to the marginal value.
