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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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Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $

Margarita [4]

Answer:

correct option is B. 1.40

Explanation:

given data

total assets = $689,400

long-term debt = $198,375

total equity = $364.182

net fixed assets = $512,100

sales = $1,021,500

profit margin = 6.2 percent

solution

we get here first current assets that is express as

current assets = Total assets - net fixed assets ...................1

put here value

current assets = $689,400 - $512,100

current assets = $177300

and now we get Current liabilities that is express as

Total liabilities = Total assets - Total equity .............2

Current liabilities + Long term debt = Total assets - Total equity

Current liabilities = Total assets - Total equity - Long term debt ...........3

put here value

Current liabilities = $689400 - $364182 - $198,375

Current liabilities = $126843

so here Current ratio will be

Current ratio = current assets ÷ Current liabilities .............4

Current ratio = $\frac{177300}{126843}$

Current ratio = 1.40

so correct option is B. 1.40

6 0

3 years ago

Using Taylor's rule, when the equilibrium real federal funds rate is 2 percent, there is no output gap, the actual inflation rat

SCORPION-xisa [38]

Answer:

B) 1%

Explanation:

Taylor's rule formula is as follow:

Target rate = Neutral rate + 0.5 x (Expected GDP growth rate - Long-term GDP growth rate) + 0.5 x (Expected Inflation rate - Target inflation rate)

--> Target rate = 2% + 0.5 x (0) + 0.5 x (0 - 2%)

--> Target rate = 2% - 1% = 1%

Nominal federal funds rate should be 1%

7 0

3 years ago

Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost, Unit Cost On August 1, Cairle Company's work-in-process

Whitepunk [10]

Answer:

Cairle Company

1. The predetermined overhead rate based on direct labor cost is:

= 75% of direct labor cost.

2. August 31 Ending Balances:

Job 70 $7,475

Job 71 $7,960

Job 72 $9,825

Job 73 $8,150

Job 74 $1,350

Job 75 $2,065

Job 76 $384

3. Ending balance of Work in Process, August 31:

= $9,694

4. The cost of goods sold for August = $11,890

5. Sales revenue for August = $14,268

Explanation:

a) Data and Calculations:

Work in process inventory on August 1:

Job 70 Job 71 Job 72 Job 73 Job 74 Job 75 Job 76

Direct materials $1,600 $2,000 $850

Direct labor 1,900 1,300 900

Applied overhead 1,425 975 675

Direct materials $800 $1,235 $3,550 $5,000 $300 $560 $80

Direct labor 1,000 1,400 2,200 1,800 600 860 172

Applied overhead 750 1,050 1,650 1,350 450 645 129

Total costs $7,475 $7,960 $9,825 $8,150 $1,350 $2,065 $384

Work in Process:

Job 71 $7,960

Job 74 1,350

Job 76 384

Total $9,694

Cost of goods sold:

Job 72 $9,825

Job 75 $2,065

Total $11,890

Sales revenue = $14,268 ($11,890 * 1.20)

4 0

3 years ago

In a perfectly competitive market, all producers sellidentical goods or services. Additionally, there arefew buyers and sellers.

Katen [24]

Answer:

false

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.

In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

While the market for lettuce sells identical items, there are many buyers and sellers

7 0

3 years ago

What is the opposite of fade-in, when the image goes black?

Flura [38]

Answer:Umm fade out is the opposite if fade in, but it might not be correct.

Explanation:

;)

5 0

3 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: