1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonja [21]
3 years ago
7

The Dogwood Technology Company managerial accountant computes the May total variance report. The budgeted fixed overhead was $ 4

7,420 and the standard fixed overhead cost allocated to production was $ 47,220. The actual fixed overhead totaled $ 46,670. Compute the fixed overhead budget variance and the fixed overhead volume variance.
Business
1 answer:
Jobisdone [24]3 years ago
8 0

Answer:

$750 favorable ; $200 unfavorable

Explanation:

The computations are shown below:

For fixed overhead budget variance:

= Budgeted fixed overhead - actual fixed overhead

= $47,420 - $46,670

= $750 favorable

For fixed overhead volume variance:

= Budgeted fixed overhead - standard fixed overhead cost allocated to production

= $47,420 - $47,220

= $200 unfavorable

Hence we consider all the given information

You might be interested in
A balance sheet that displays assets and liabilities into current versus noncurrent categories is commonly called a:________a) c
Semenov [28]

Answer:

c) classified balance sheet.

Explanation:

A classified balance sheet can be described as a balance sheet in which the information about assets, liabilities, and shareholders' equity of a company is presented by aggregating or classifying it into subcategories of accounts.

The advantage of a classified balance sheet is that it easier to read and it makes it easier for readers to obtain required information than when the information is just presented in a large number of line items.

The classifications mostly used within a classified balance sheet include  Intangible assets, fixed assets (or Property, Plant, and Equipment), current assets, current liabilities, long-term liabilities, and shareholders' equity.

In accounting, the addition of these classifications is required to match the accounting equation stated as follows:

Total assets = Total liabilities + Shareholders' Equity

4 0
3 years ago
Sandra Sousa, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash 33000 Accounts Receivable
kirza4 [7]

Answer:

Requirement 1. Prepare the income statement for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Income Statement

For the Month Ended July 31, 2018

Service Revenue $11,258

Salaries Expense -$1,500

Rent Expense -$1,200

Utilities Expense -$350

Net income $8,208

Requirement 2. Prepare the statement of owners equity for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Statement of Owner's Equity

For the Month Ended July 31, 2018

Sousa, Capital balance July 1, 2018       $22,000

Investment during month                                  $0

<u>Net income                                                 $8,208</u>

subtotal                                                     $30,208

<u>Withdrawals during the month                -$2,000</u>

Sousa, Capital balance July 31, 2018     $28,208

Requirement 3. Prepare the balance sheet &s of July 31, 2018.

Sandra Sousa, Registered Dietitian

Balance Sheet

For the Month Ended July 31, 2018

Assets:

Cash $33,000

Accounts Receivable $9,600

Office Supplies $2,200

Prepaid Insurance $2,800

Equipment $18,000

Total assets $65,600

Liabilities and equity:

Accounts Payable $3,100

Unearned Revenue $292

Notes Payable $34,000

Sousa, Capital $22,000

Retained earnings $6,208

Total liabilities and equity $65,600

Requirement 4. Calculate the debt ratio as of July 31, 2018.

debt ratio = liabilities / assets = $65,600 / $37,392 = 175.44%

debt to equity ratio = liabilities / equity = $37,392 / $28,208 = 132.56%

7 0
3 years ago
Estimate the liquid density (g/cm3) of propane at 298 K and 10 bar. Compare the price per kilogram of propane to the price of re
Deffense [45]

Answer:

Density of propane = 17.8 g/L

Propane is more priced than gasoline

Explanation:

Given:

Temperature, T = 298 K

Pressure, P = 10 bar = 0.987 × 10 = 9.87 atm

now,

Molar mass of propane, M = 44.1 g/mol

From ideal gas law

⇒ PV = nRT

here,

n is the number of moles

R is the ideal gas constant = 0.0821 L.atm/mol.K

also,

Density, D = \frac{\textup{Mass}}{\textup{Volume(V)}}

or

V = \frac{\textup{Mass}}{\textup{D}}

and,

nM = mass

thus,

V = \frac{\textup{nM}}{\textup{D}}

substituting in the ideal gas relation

we have

P = \frac{\textup{DRT}}{\textup{M}}

or

D = \frac{\textup{PM}}{\textup{RT}}

or

D = \frac{9.87\times44.1}{0.0821\times298}

or

D = 17.8 g/L

Now,

1 gallon = 3.78 Liter

Therefore,

5 gallon = 5 × 3.78 Liter = 18.9 Liter

Thus,

mass of 5 gallon propane = Volume × Density

= 18.9 Liter × 17.8 g/L

= 336.42 g

or

= 0.336 kg

also it is given that Price of 5 gallon propane i.e 0.336 kg = $30

Therefore,

Price per kg = \frac{30}{0.336}

= $89.28

and,

Mass of 5 gallons i.e 18.9 Liter gasoline = Density × Volume

= 0.692 g/cm³ × 18.9 Liter

also,

1 L = 1000 cm³

thus,

= 0.692 g/cm³ × 18.9 × 1000 cm³

= 13078.8 g

or

= 13.078 kg

Therefore,

Price per kg of gasoline = \frac{\$30}{13.078}

= $2.29

hence, propane is more priced than gasoline

4 0
3 years ago
What is the most acceptable and easy way to revise a budget to allow for the purchase of a new couch? Cancel renters' insurance.
Aleksandr-060686 [28]

Answer:

cook dinners at home instead of going out to eat

7 0
3 years ago
The ____ of a corporation can be defined as a set of values, beliefs, goals, norms, and ways to solve problems shared by members
Dovator [93]

Answer:

The correct word for the blank space is: corporate culture.

Explanation:

Corporate culture represents the values, norms, and objectives a company has and that have been obtained and changed during its years of operations. The corporate culture is complemented by its ethical culture that rules the employees' individual behavior in the work frame and as a result of the interaction among other workers.

8 0
3 years ago
Other questions:
  • Teagan Company uses Departmental Overhead allocation to allocate its manufacturing overhead costs. It has identified two​ depart
    5·1 answer
  • A firm produces 400 units of output at a total cost of $1,200. If total variable costs are $1,000, Group of answer choices avera
    5·1 answer
  • The three C's used in the subjective approach to determining a credit score
    15·1 answer
  • The numerator of the return on total assets is: a.net income. b.net income minus preferred dividends. c.net income plus tax expe
    12·1 answer
  • The Tragedy of the Commons will be evident when a growing number of sheep grazing on the town commons leads to the destruction o
    15·1 answer
  • Open market operations:___________.
    7·1 answer
  • In May 2009, General Motors started closing 2,600 of its retail outlets and finally filed for bankruptcy in June. It emerged fro
    13·1 answer
  • Which of the following statements is correct regarding the adjusting entry to record interest accrued on a note payable?
    9·1 answer
  • Choosing which types of assets you will invest in is known as
    8·1 answer
  • In the United States, personal success and professional achievement are important motivators, and promotions and increased earni
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!