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3 years ago

Tatham Corporation produces a single product. The standard costs for one unit of its Clan product are as follows:

Business

1 answer:

Alla [95]3 years ago

3 0

Answer:

$3,500 Unfavorable

Explanation:

The computation of variable overhead efficiency variance for Clan for November Year 2 is shown below:-

Variable overhead efficiency variance

= (Standard labor hours - actual labor hours) × (Standard variable overhead rate)

= (3,500 × 2 - 7,500) × $7

= (7,000 - 7,500) × $7

= $3,500 Unfavorable

Therefore for computing the Variable overhead efficiency variance we simply applied the above formula.

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Ede4ka [16]

Answer:

Control monopoly power preserve and promote competition.

Explanation:

Antitrust laws are rules that are put in place to ensure equal economic rights in business. This law enforces different types of businesses to follow an orderly and structured form of competition in the market.

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3 years ago

Read 2 more answers

On April 1, Cyclone Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value o

Vilka [71]

Answer:First Year Depreciation= $84,000

Second Year Deprecation= $78,400

Explanation:

Using Double declining

We have that :

Depreciation value = Cost - Salvage value

$280,000 - $40,000 =$240,000

Since machine is expected to depreciate for 5 years, Annual depreciation = 240,000 / 5 years

= $48,000

Annual Depreciation Rate = 48,000 / 240,000 = 20%

Therefore, Double declining = 20 x 2 = 40%

First Year Depreciation: from April to December

= 40% x 280,000 x 9/12 months

= $84,000

Second Year Deprecation:

= 40% x (280,000 - 84,000)

= $78,400

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3 years ago

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3 years ago

A company purchased a computer, office furniture, and office supplies by issuing a check for $5,000 and a note payable for $19,5

Morgarella [4.7K]

Answer:

The total recorded value of the items is 24,500

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4 years ago

Tatham Corporation produces a single product. The standard costs for one unit of its Clan product are as​ follows:

Tatham Corporation produces a single product. The standard costs for one unit of its Clan product are as follows: