1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Citrus2011 [14]
3 years ago
7

Radon Corporation manufactured 33,000 grooming kits for horses during March. The company uses machine hour to allocate fixed man

ufacturing overhead. The following fixed overhead data pertain to March:
Actual Static Budget
Production 33,000 units 30,000 units
Machine-hours 6,600 hours 6,000 hours
Fixed Overhead Costs for March $153,000 $144,000
1. What is the fixed overhead production-volume variance? (HINT: The answer is $14,400 favorable, but I need work to support this)

2. What is the fixed overhead spending variance? (HINT: The answer is $9,000 unfavorable, but I need work to support this)
Business
1 answer:
Bumek [7]3 years ago
6 0

Answer:

1) The fixed overhead production-volume variance is $14400 favourable.

2) The fixed overhead spending variance is $9000 unfavourable.

Explanation:

1)

Fixed overhead production volume variance

= amount applied * amount budgeted

= 144000/30000

= 4.80 per unit

= 4.80*33000 - 144000

= $14400 favourable

Therefore, The fixed overhead production-volume variance is $14400 favourable.

2)

fixed overhead spending variance

= actual overhead - budgeted overhead

= 153000 - 144000

= $9000 unfavourable

Therefore, The fixed overhead spending variance is $9000 unfavourable.

You might be interested in
Which of the following best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as
Alborosie
D. Debit work in process debit manufacturing overhead …..
8 0
2 years ago
Bruce, a buyer, contracted with Steve, a seller, to buy ten dozen bicycle tires for $960. Payment was due thirty days after deli
umka2103 [35]

Answer:

b. Hold the tires with reasonable care for disposition as the seller instructs.

Explanation:

When goods are non-conforming to contract, the buyer has the right to reject the goods. The seller also has the right to cure the defect or ensure conformity.

1. Buyer's right to reject: In this case the buyer has the right to reject the goods on inspection, and notify the seller within a reasonable amount of time.

2. Seller's right to cure: The seller has the right to cure defect on the goods, and this can be done where there is still time to rectify the defects noticed by the buyer. In this case, the buyer is not due to pay for the goods for the next 30 days.

The seller still has the opportunity to meet the contract standard and close the deal.

So option b is correct. The buyer holds the goods pending decision of seller to either cure defects on goods or retrieve the goods.

7 0
3 years ago
Calculate the 4-day moving average for the following data (Remember that
Hatshy [7]

Answer:

116 . 100. 560 . 58

257 . 1100. 342 . 186

5 0
2 years ago
Which of the following best explains why the taxes on discontinued operations are reported separately from taxes on continuing o
Inessa05 [86]

Answer:

The statement that best explains why the taxes on discontinued operations are reported separately from taxes on continuing operations is:

The taxes on discontinued operations are not expected to recur in future years.

Explanation:

Discontinued operations refer to the cessation of some business activities or segments.  They are usually reported as a separate line item.  Therefore, all the gains and losses for that discontinued division must be reported separately on the company's income statement. The purpose is to distinguish them from those of continuing operations.

4 0
3 years ago
The marketing manager at Home Depot works with Hunt Advertising to coordinate all promotional messages for a product or a servic
nlexa [21]

Answer:

The answer is "Choice d"

Explanation:

The Advertising Mix is the integration of publicity, personal selling, advertising, and marketing. To maintain a sustainable mix of those promotional resources, advertisers need to look only at the following questions. It really is the company's promotional software. With the assistance of the marketing manager and a 3rd parties advertiser, they sell the offering.

7 0
2 years ago
Other questions:
  • Did toilet paper cause a change in supply or quantity
    9·1 answer
  • Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory a
    8·1 answer
  • Which of the following is NOT a part of reviewing and revising the financial plan?
    15·1 answer
  • Andrew, an employee in a corporate company, is asked to conduct a systematic evaluation of how well the company is meeting its e
    7·1 answer
  • On January​ 1, 2018, McHenry Manufacturing Corporation purchased a machine for $ 40 600 000. ​McHenry's management expects to us
    5·1 answer
  • Iglesias, Inc. completed Job 12 on November 30. The details of Job 12 are given​ below: Direct labor cost $ 840 Direct materials
    13·1 answer
  • In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, plan
    7·1 answer
  • As part of the initial screening for possible employment, a nuclear power company administers a psychological test that yields s
    14·1 answer
  • Bradford, Inc., expects to sell 11,000 ceramic vases for $21 each. Direct materials costs are $3, direct manufacturing labor is
    13·1 answer
  • An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now work
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!