Answer:
Fixed overhead spending variance $
Budgeted fixed overhead cost (12,000 hrs x $2) 24,000
Less: Actual fixed overhead cost <u>26,000</u>
Fixed overhead spending variance <u> 2,000(A)</u>
Explanation:
In this case, we need to calculate the standard fixed overhead application rate, which is the ratio of Budgeted fixed overhead cost to budgeted direct labour hours (normal capacity). Fixed overhead spending variance is the difference between budgeted fixed overhead cost and actual fixed overhead cost. Budgeted fixed overhead cost is budgeted hours multiplied by standard fixed overhead application rate.
Answer:
(a) $60; $20 million
(b) $25; -$5 million
(c) $10; -$10 million
(d) -$25; -$75 million
Explanation:
(a)
Accounting Profit = Total revenues - Explicit cost
= $150 - $90
= $60 million
Economic Profit = Accounting Profit - Implicit cost
= $150 - $90 - $40
= $20 million
(b)
Accounting Profit = Total revenues - Explicit cost
= $125 - $100
= $25 million
Economic Profit = Accounting Profit - Implicit cost
= $125 - $100 - $30
= -$5 million (that's a negative $5 million)
(c)
Accounting Profit = Total revenues - Explicit cost
= $100 - $90
= $10 million
Economic Profit = Accounting Profit - Implicit cost
= $100 - $90 - $20
= -$10 million (negative $10 million)
(d)
Accounting Profit = Total revenues - Explicit cost
= $250 - $275
= -$25 million (negative $25 million)
Economic Profit = Accounting Profit - Implicit cost
= $250 - $275 - $50
= -$75 million (negative $75 million)
Answer:
The answer is: Swifty Corporation's break even point for 2017 is 2,700 units sold
Explanation:
Swifty Corporation's break even point (BEP) can be calculated using the following formulas:
- BEP = fixed costs / contribution margin per unit
- contribution margin per unit = sales price - variable costs
The BEP for Swifty Corporation in 2017 is:
BEP = 270,000 / (500 - 400) = 270,000 / 100 = 2,700 units
Answer:
Financial Need - <u>Josie created an FSA ID and completed a long application form online. The form asked for a lot of financial details about Josie and her family.</u>
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FAFSA - <u>Kunal recently learned that he is going to receive a student loan. Now he needs to attend a session which he will learn how the loan process works, as well as his responsibilities.</u>
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Entrance Counseling - <u>Megan is planning to pursue an undergraduate degree in chemistry. But since her father lost his job five years ago, the family had been unable to save up enough for Megan's education.</u>
Planning is such an important part of marketing because it helps you develop products and services in your business that meet the needs of whatever your market goal is (your target).
