Answer:
The bid amount should be $13,200,264.
Explanation:
An oil and gas producing company owns 42,000 acres of land in a southeastern state.
It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.
The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year.
Total Annual Revenue
= Revenue from oil + Revenue from gas
= $1,800,000 + $581,000
= $2,381,000
The bid amount should be the present worth of total annual revenue.
Present Worth of total annual revenue
= 
= 
= 
= 
= 
= 
= $13,200,264
Answer:
Explanation:
1. Calculate the efficiency variance for variable overhead setup costs.
This will be calculated as:
= Standard Hours - Actual Hours) × Standard rate
= (15000/225 × 5.25 - 15000/250 × 5) × 38
= (350 - 300) × 38
= 50 × 38
= 1900 Favourable
2) Calculate the rate variance for variable overhead setup costs.
This will be:
= Standard rate- Actual rate) × Actual Hour
= (38-40) × (15000/250 × 5)
= -2 × 300
= -600 Unfavourable
3) Calculate the flexible-budget spending variance for variable overhead setup costs.
This will be the difference between the standard cost and the actual cost. This will be:
= (15000/225×5.25 ×38) - (15000/250×5 ×40)
= 13300 - 12000
= 1300 Favourable
4) Calculate the spending variance for fixed setup overhead costs.
what formular did you use.
This will be:
= Standard Cost - Actual Cost
= 9975-12000
= -2025 Unfavorable
Answer: Actual overhead costs always enter the Work-in-Process account.
Explanation:
The work-in-process account is an account where the value of goods yet to be completely produced are recorded while the overhead cost is simply a business running cost, that is cost on expenses the business makes to keep functioning.
Overhead cost is not recorded in work-in-process account, rather it is recorded as business expenses.
In order to help the
student expand his/her knowledge I will help answer the question. This in hope
that the student will get a piece of knowledge that will help him/her through
his/her homework or future tests.
The most socially responsible
companies establish codes of conduct for their vendors, setting clear policies
for human rights wages, safety, and environmental impact. In fact many of this
companies have this establish today.
<span>
I hope it helps,
Regards.</span>
Answer:
At Celgene, the environment is <u> dynamic </u> because of the <u> speed of change </u> and because of the <u> number of changing factors </u> . Resources are <u> scarce </u> .
The managers at Celgene are facing conditions of <u> high </u> uncertainty. This means that it will be <u> difficult </u> for them to make strategic decisions about the types of products the company will offer in the future.
Explanation:
From the short passage leading to the question the following points have been used in the answers provided:
a. dynamic: the change in the areas such as informatics, functional genomics and regulations means that the operating environment is dynamic not static
b. speed of change: the statement <em>"evolve on a daily basis" </em>shows a fast pace of changing conditions
c. number of changing factors: the factors changing include informatics, functional genomics and regulations.
d. resources are scarce due to expensive researches and difficulty in acquisition of stem cells.
e. high uncertainty: due to the rapid evolution, the managers do not predict accurately, hence a high degree of uncertainty
e. increase in uncertainty makes decision making difficult.
