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Aleks04 [339]
3 years ago
11

Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. T

he allocation base for variable overhead costs is direct labor hours. At the beginning of the​ year, the static budget for variable overhead costs included the following​ data: Production volume 6 comma 100 units Budgeted variable overhead costs $ 15 comma 000 Budgeted direct labor hours 610 hours At the end of the​ year, actual data were as​ follows: Production volume 4 comma 000 units Actual variable overhead costs $ 15 comma 300 Actual direct labor hours 490 hours What is the variable overhead cost​ variance? (Round any intermediate calculations to the nearest​ cent, and your final answer to the nearest​ dollar.)
Business
1 answer:
AveGali [126]3 years ago
5 0

Answer:

Variable overhead cost variance =  $2,949.80

Explanation:

As per the data given in the question,

Actual overhead cost = $15,000

Actual hours =  490

Actual cost = $30.61 per hour

Standard overhead cost = $15,000

Standard hours = 610

Budgeted cost = $24.59 per hour

Variable overhead cost variance = Actual hours × (Actual cost per hour - Standard cost per hour)

= 490 × ( $30.61 - $24.59 )

= $2,949.80

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Earleton Manufacturing Company has $2 billion in sales and $600,000,000 in fixed assets. Currently, the company's fixed assets a
bearhunter [10]

Answer:

The correct answer is $2,500,000,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

Operating capacity = 80%

Sales = $2 billion

Fixed assets = $600,000,000

So, we can calculate the level of sales by using following formula:

Level of sales = Sales ÷ operating capacity

= $2,000,000,000 ÷ 80%

= $2,500,000,000

7 0
3 years ago
Checking account A charges a monthly service fee of $20 and a wire transfer fee of $3, while checking account B charges a monthl
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3 0
3 years ago
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The u.s. dollar exchange rate increased from ​$0.960.96 canadian in june 2011june 2011 to ​$1.031.03 canadian in june 2012june 2
Artemon [7]
Given that <span>the U.S. dollar exchange rate increased from $0.96 Canadian in June 2011 to ​$1.03 Canadian in June 2012​, and it decreased from 81 Japanese Yen in June 2011 to 78 Japanese Yen in June 2012.

Between June 2011 and June 2012​, the U.S. dollar​ appreciated against the Canadian dollar.

Between June 2011 and June 2012​, the U.S. dollar​ depreciated against the Japanese Yen.</span>
8 0
3 years ago
A firm reports the following data:________.
ANEK [815]

Answer and Explanation:

The computation is shown below:

a. For Account receivable days is

= Total number of days in a year × account receivable balance ÷ Sales

= 365 days × $50,000 ÷ $445,000

= 41.01 days

b. For inventory days

= Total number of days in a year × inventory balance ÷ Cost of Goods sold

= 365 days × $50,000 ÷ $280,000

= 65.18 days

c. For Account payable days

= Total number of days in a year × account payable balance ÷ Cost of Goods sold

= 365 days × $42,000 ÷ $280,000

= 54.75 days

d. For a cash to cash days

= Account receivable days + inventory days - account payable days

= 41.01 + 65.18 + 54.75

= 51.44 days  

5 0
3 years ago
Which statement would not be a way for the government to reduce the national debt?
Anastasy [175]

Answer:

Increasing government spending in the form of infrastructure and  welfare

Explanation:

In order to reduce the national debt, the government need to take a conscious measure to use the government budget as little as possible.

Investment in infrastructures (such as military bases,. building new roads or parks) and government programs (such as expensive healthcare or government funded jobs) tend to take a large amount from the government budget. This will most likely resulted in the increase of national debt.

7 0
3 years ago
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