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olya-2409 [2.1K]
3 years ago
11

Gina Production Company uses a standard costing system. The following information pertains to the current year: ​

Business
1 answer:
zysi [14]3 years ago
5 0

Answer:

Fixed overhead volume variance

= (Standard hours - Budgeted hours) x Standard fixed overhead rate

= (11,000 - 10,000) x $1.35

= $1,350(F)

The correct answer is A

Standard fixed overhead rate

= <u>Budgeted overhead</u>

  Budgeted direct labour hours

= <u>$13,500</u>

   10,000 hours

= $1.35 per direct labour hour

Explanation:

Fixed overhead volume variance is the difference between standard hours and budgeted hours multiplied by standard fixed overhead application rate. Standard fixed overhead application rate is the ratio of budgeted overhead to budgeted direct labour hours.

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Provide an example that shows variable costing is divided among different activities, and that each activity has its own predete
denis23 [38]

Answer:

Variable Expense - Cost driver

Machine setup cost - Number of Setups

Machine running cost - Machine hours used

Ordering Cost - No of orders placed

Labor Cost - Labor hours worked

Raw Material - Material usage rate

Transportation Cost - No of Orders delivered.

Explanation:

An organizational structure in one in which certain activities are aligned to achieve the ultimate goal of the organization. Similar types of set of machines together to get particular output product. The cost drivers in organizational structure can influence the output of a company.To determine the product cost per unit using the absorption costing we find the per unit rate for Variable Overheads for the activity by diving the total variable cost by its cost driver.

7 0
3 years ago
Sandra, George, Jose, and Antwan are working on a project for a customer that is aimed at cutting the client's utility costs. Th
Maksim231197 [3]

Answer:

Virtual organization

Explanation:

A virtual organization or the business is the one which is defined as whose members are apart geographically, generally working through computer e- mail as well as groupware when appearing to others which is to be unified, single company with the real location physically.

In short, it is the permanent or temporary collection of the geographically dispersed groups, company, entire or individual units which ground on the electronic linking so that to complete the process of production.

So, in this case, the workgroup working on e-mail, phone and collaborative computing in order to complete the project. Therefore, it is an example of virtual organization or company.

5 0
3 years ago
The projections for a new project show sales of 8,500 units, give or take 5 percent. The expected variable cost per unit is $28.
vitfil [10]

Answer:

$56,950

Explanation:

We will calculate the operating cash flow as follow;

OCF = {[($55 - $28.62) 8,500 ] - $170,000} × (1 - 0.35) + ($62,000 × 0.35)

= {[$224,230] - $170,000} × 0.65 + ($21,700)

= $35,249.5 + $21,700

= $56,950

Therefore, the operating cash flow is $56,950

8 0
3 years ago
During 2016, Moore Corp. had the following two classes of stock issued and outstanding for the entire year: 100,000 shares of co
iVinArrow [24]

Answer:

the amount to be used in the numerator is $900,000.

Explanation:

Earnings Per Share = Earnings Attributable to Holders of Common Shares ÷ Weighted Average Number of Common Shares Outstanding.

Diluted Earnings per Share takes into account potential voting rights.

The Preference dividend is <em>not</em> deducted from Net Income as it carries a potential voting right.

6 0
3 years ago
N april 1, santa fe, inc. paid griffith publishing company $1,548 for 36-month subscriptions to several different magazines. san
DerKrebs [107]
<span>Let us first find out how much of the prepaid subscriptions has been used up during the reporting year. $1548 is for 36 months. So the monthly rate of subscription charges will be 1548/36 = 43. During the reporting year, subscription charges are paid only for 9 months( from April to December) So the amount to be debited to subscription charges = 43 * 9 = 387. Subscription charges will be debited with $ 387 and prepaid subscriptions account will be credited with the same amount. The remaining amount, 1548-387=1161, will remain in prepaid subscriptions account as a debit balance.</span>
3 0
3 years ago
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