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schepotkina [342]
3 years ago
8

Rodarta Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermin

ed overhead rate for fixed manufacturing overhead is $5.10 per machine-hour and the denominator level of activity is 5,300 machine-hours. In the most recent month, the total actual fixed manufacturing overhead was $27,230 and the company actually worked 5,230 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 5,250 machine-hours. What was the overall fixed manufacturing overhead volume variance for the mon
Business
1 answer:
marta [7]3 years ago
7 0

Answer:

$357 Unfavorable

Explanation:

Fixed manufacturing overhead volume variance identifies the amount by which actual production differs from budgeted production.

<em>Fixed manufacturing overhead volume variance = Actual Output at Budgeted rate - Budgeted Fixed Overheads</em>

                                                                  = (5,230 × $5.10) - ($5.10 × 5,300)

                                                                   = $26,673 - $27,030

                                                                   = $357 Unfavorable

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Which of the following is not considered a credit?
Serga [27]

Answer:

which of the following is not considered a credit?

overdraft fee

Explanation:

5 0
3 years ago
If a life insurance company sells a $240,000 life insurance policy with a one year term to a 25-year old lady for $210, the prob
MrMuchimi

Answer: $112.08

Explanation:

Given that,

Life insurance policy = $240,000

Cost = $210

Amount to be paid by company to old lady if she survives (A):

= $240,000 - $210

= $239,790

Probability that she survives (P1) = 0.999592

Probability that she doesn't survives (P2) = 1 - 0.999592

                                                                     =  0.000408

Expected value of this policy for the insurance company:

= (P1 × cost of policy) - (P2 × A)

= 0.999592 × $210 -  0.000408 × $239,790

= $209.91432 - $97.83432

= $112.08

7 0
3 years ago
The profit-maximizing perfectly competitive firm charges a price equal to __________ while the profit-maximizing monopolistic co
Karo-lina-s [1.5K]

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged fun fact btwwwww

Explanation:

8 0
3 years ago
Your firm is a U.K.-based importer of bicycles. You have placed an order with an italian firm for €1,000,000 worth of bicycles.
dolphi86 [110]

Answer:

A. €1,244,212.10

Explanation:

Contract Size Country U.S. $ equiv. Currency per U.S. $

£ 10,000 Britain (pound) $ 1.9600 £ 0.5102 interest APR

12 months forward $ 2.0000 £ 0.5000 rates

€ 10,000 Euro $ 1.5600 € 0.6410 i$ = 1 %

12 months forward $ 1.6000 € 0.6250 i€ = 2 %

SFr. 10,000 Swiss franc $ 0.9200 SFr. 1.0870 i£ = 3 %

12 months forward $ 1.0000 SFr. 1.0000 iSFr. = 4 %

4 0
3 years ago
Supplies on hand were $ 1 comma 000 at the start of the year. At the end of the​ year, it was determined that $ 450 of supplies
ziro4ka [17]

<u>Determination of adjusting entry for Supplies used:</u>


In the given case it is given those Supplies on hand were $ 1,000 at the start of the year. At the end of the year, it was determined that $ 450 of supplies had been used. It means the adjustment is needed to make for the amount of supplies used $450.


The adjusting entry for Supplies used shall be as follows:


Supplies Expense  Debit      $450

Supplies                 Credit                    $450

(Being adjustment made for Supplies used)


Hence the correct answer is:

b. Debit supplies expense, $ 450; credit supplies, $ 450






7 0
3 years ago
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