Economics is hard and I need to graduate

Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours

kkurt [141]

Answer: $9.21, 4000F, 18,420U

Explanation:

GIVEN THE FOLLOWING ;

Total budgeted fixed overhead cost for the year = $525,100

Actual fixed overhead cost for the year = $521,100

Budgeted direct labor-hours (denominator level of activity) = 59,000

Actual direct Labor hours = 60,000 Standard direct labor-hours allowed for the actual output = 57,000

A.) Fixed portion of predetermined overhead rate = (total budgeted fixed overhead ÷ denominator level of activity)

$525,100 ÷ 57,000 = $9.21 per direct Labor hour

Budget variance = Actual fixed overhead - budgeted fixed overhead

$521,100 - $525,100 = $4000F

Volume variance = fixed portion of predetermined overhead × (denominator hours - standard hours allowed)

$9.21 × (59,000 - 57,000)

$9.21 × (2000)

18,420U

8 0

3 years ago

Statutes that are enacted to protect the public are called licensing statutes. Generally, unlicensed persons cannot recover paym

guapka [62]

Answer:

If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.

Explanation:

Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.

8 0

4 years ago

Read 2 more answers

On March 12, Medical Waste Services provides services on account to Grace Hospital for $9,100, terms 2/10, n/30. Grace pays for

const2013 [10]

Answer and Explanation:

The journal entries are shown below:

On Mar 12

Account receivable Dr $9,100

To Service revenue $9,100

(Being the service provided on the account is recorded)

For recording this we debited the account receivable as it increased the assets and credited the service revenue as it also increased the revenue

On Mar 20

Cash $8,918

Sales discount ($9,100 × 2%) $182

To Accounts receivable $9,100

(Being cash received recorded)

For recording this we debited the sales discount and cash as it increased the discount and assets and credited the account receivable as it reduced the assets

7 0

4 years ago

Arie is a team lead for a group of engineers working on a new product. Arie decides to assign four additional engineers to the p

Vlad1618 [11]

Answer:

B. managerial

Explanation:

When something involves activities of management is called managerial.<em> In the example given this is the nature of the behavior because Arie is organizing and directing the corporation in order to optimize and be efficient.</em>

I hope you find this information useful and interesting! Good luck!

7 0

3 years ago

Provided $1,350 of piano lessons to students who paid in cash.Provided $1,060 of piano lessons on account.Collected $795 from st

Pepsi [2]

Answer: $1760

Explanation:

If the company uses accrual basis accounting, the net income will be calculated as:

Cash received for lessons = $1,350

Add: Lessons provided on account = $1,060

Less: Rental bill for may = $(650)

Net income = $1350 + $1060 - $650

= $1760

The net income is $1760

5 0

3 years ago

Economics is hard and I need to graduate ​

Economics is hard and I need to graduate