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Marianna [84]
2 years ago
13

Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity chan

ges within the relevant range, which of the following statements is/are correct?
I. As the cost driver level increases, total fixed cost remains unchanged
II. As the cost driver level increases, unit fixed cost increases
III. As the cost driver level decreases, unit variable cost decreases
a. I, II and III are correct
b. I and II only are correct
c. I only is correct
d. II and III only are correct
Business
1 answer:
ankoles [38]2 years ago
6 0

Answer:

The answer is "Option C".

Explanation:

The Unit variable expenses should remain unchanged, paying no attention to what the price operator is doing.  Both variable prices will remain constant, paying little attention to adjustments in the costing system, as adjustments in the costing system may not impact all fixed expenses.  

Although full fixed costs will remain constant, paying special heed to changes in the cost engine, group fixed costs will not. Unless the amount of a costing system increases, all operating rates will continue as before, however, the full number of items will increase as well as the operating unit price will reduce.

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Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is
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$91 favorable

Explanation:

Variable overhead rate variance = (Standard variable overhead rate - Actual variable overhead rate) * Actual hour worked

Therefore, we have:

Variable overhead rate variance = ($8.00 - $7.90) * 910 = $91 favorable

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A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%
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$984.50

Explanation:

Cost of bond at closing = Par value * % Bond traded last

Cost of bond at closing = 1000 * 98.45%

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2 years ago
Which of the following is not one of the risks that you, as an entrepreneur would take on?
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Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
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Answer:

c. Under applied $ 1,340  

Explanation:

Computation of predetermined overhead rate

Estimated manufacturing overhead                                        $ 594,960

Estimated direct labor hours                                                          22,200 hours

Predetermined overhead rate per direct labor hour

$ 594,960 / 22,200 hours                                                      $ 26.80 per hour

Actual Direct Labor hours                                                              22,150 hours

Applied overhead at predetermined direct labor rate

$ 26.80 * 22,150 hours                                                               $   593,680

Actual overhead                                                                          <u>$   594,960</u>

Overhead under applied                                                            $     ( 1,340)                

5 0
2 years ago
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