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Yuliya22 [10]
3 years ago
15

eall Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard mach

ine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity 10,500 MHs Actual level of activity 10,600 MHs Standard variable manufacturing overhead rate $ 7.70 per MH Budgeted fixed manufacturing overhead cost $ 70,000 Actual total variable manufacturing overhead $ 71,600 Actual total fixed manufacturing overhead $ 76,000 What was the fixed manufacturing overhead budget variance for the month
Business
1 answer:
Paladinen [302]3 years ago
4 0

Answer:

$6,000 unfavorable

Explanation:

The fixed manufacturing overhead budget for the month is the difference between budgeted fixed manufacturing overhead cost minus actual fixed manufacturing overhead cost represented below;

Fixed manufacturing overhead budget = Budgeted fixed manufacturing overhead cost - Actual fixed manufacturing overhead cost

= $70,000 - $76,000

= $6,000 unfavorable

It is unfavorable since the actual overhead cost expended is more than the budgeted cost.

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Samuel is the managing general partner of STU, in which he owns a 25% interest. For the year, STU reported ordinary income of $4
Norma-Jean [14]

Answer:

$220,000

Explanation:

Calculation to determine How much income from self-employment did Samuel earn from STU

Using this formula

Income from self-employment =Guaranteed payment received+(Interest rate*Ordinary income)

Let plug in the formula

Income from self-employment=$120,000+(25%*$400,000)

Income from self-employment=$120,000+$100,000

Income from self-employment=$220,000

Therefore the amount of income from self-employment that Samuel earn from STU is $220,000

7 0
3 years ago
. Distinguish between the short run and the long run as they relate to macroeconomics. Why is the distinction important
STALIN [3.7K]

Answer:

1. In the short run, wages and other prices are stagnant making the economy to run below or above the normal level. In the long run, wages and prices are fully flexible, and this allows the economy to run at its natural level.

2. This distinction is important because it helps us to see how difficult it could be to sustain the real gross domestic product and employment rates thus making the economy to run at a normal level or achieve its full potentials.  

Explanation:

Stickiness or stagnancy of wages can be seen in the fact that it is most time difficult to fluctuate or change the wages of workers overtime. The prices of most goods are also sticky when they remain unchanged over a given period of time. These conditions exist in the short run, and make the economy to run above or below its full potentials. The real GDP and unemployment levels are negatively affected.

In the long run, flexibility of wages and prices are achieved and this makes the economy to run at its full potentials. The real GDP as well as the employment rate are at their optimum level then.

5 0
3 years ago
The principle of mercantilism views trade as a(n) _____ game. advantage zero-sum negative-sum positive-sum
viktelen [127]
The principle of mercantilism views trade as a zero-sum game. 

Mercantilism, an economic theory, is believing in the benefits of profitable trading. 

Zero-sum is describing a trade where one side of the trade benefits, but the other does not. 
4 0
3 years ago
Explain how the core product and supplementary services are integrated in the context of an overnight hotel stay. please give de
DaniilM [7]
The core product alludes to the overnight rental of a room. Its parts are benefited level, booking, nature of the procedure, and the client's part in the utilization of the room. Supplementary administrations incorporate things like stopping, room administration, reservations, and a breakfast buffet. Conveyance of both the center and the supplementary administrations is given electronically, by means of lodging worker, or by the client. Telephone utilize and pay TV are naturally charged to the room. Room administration and registration are given by an inn representative. Most breakfast buffets are self-benefit, requiring the client to make a move.
3 0
3 years ago
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sesenic [268]

Answer: In a bicycle shop, salespeople help shoppers choose the right frame size and handlebar position for a comfortable ride.

8 0
3 years ago
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