Answer:
Variable overhead efficiency variance= $544 favorable
Explanation:
Giving the following information:
Variable overhead 0.90 hours $ 3.40 per hour
Actual output 4,400 units
Actual direct labor-hours 3,800 hours
<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>
<u></u>
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Variable overhead efficiency variance= (3,960 - 3,800)*3.4
Variable overhead efficiency variance= $544 favorable
Standard quantity= 4,400*0.9= 3,960
Answer:
Flashfone and Pictech
a. If Flashfone prices high, Pictech will make more profit if it chooses a (high,low) __low___ price, and if Flashfone prices low, Pictech will make more profit if it chooses a(high,low)___low____ price.
b. If Pictech prices high, Flashfone will make more profit if it chooses a(high,low)__low____price, and if Pictech prices low, Flashfone will make more profit if it chooses a (high,low) __low____ price.
c. Considering all of the information given, pricing high (is, is not) _is not_ a dominant strategy for both Flashfone and Pictech.
Explanation:
a) Data and Calculations:
Pictech Pricing
High Low
Flashfone Pricing High 11, 11 2, 18
Low 18, 2 10, 10
b) A dominant strategy exists if Pictech or Flashfone would implement a particular strategy that benefits it no matter what the other firm does.
Answer:
Through the newspaper ads.
Explanation:
Personal selling is one of the ways of selling of products by various businesses where the seller and the customers come in direct contact or face to face in order to discuss the features, benefits, and worthiness of any product that the seller is interested in selling This can be done through direct face to face interaction, on telephones, through video conferencing, and also on the internet but not through newspaper ads.
Answer:
Date General Journal Debit Credit
Cash $15,400
Accumulated Depreciation $39,600
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $15,400 cash)
Cash $16,500
Accumulated Depreciation $39,600
Gain on sale $1,100
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $16,500 cash)
Cash $12,700
Accumulated Depreciation $39,600
Loss on sale $2,700
Equipment - Delivery truck $55,000
(Assuming the truck was sold for $12,700 cash)
