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Yuliya22 [10]
4 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]4 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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What is the meaning or moral standard?
erik [133]

Answer:

A moral standard refers to the norms which we have about the types of actions which we believe to be morally acceptable and morally unacceptable. Specifically, moral standards deal with matters which can either seriously harm or seriously benefit human beings.

Explanation:

may this answer is helpful for you

6 0
3 years ago
Computronics, inc. has a current ratio of 1.5. this implies that if the firm liquidates its current assets in order to pay off i
Eddi Din [679]
<span>If the figure of 1.5 represents the debt ratio of the firm then it can be inferred that the liabilities of the firm greatly exceed current assets. Without further information as to the values of Computronics, inc. current assets and liabilities the price at which the firm can sell its assets cannot be computed. However it can be stated that the firm must sell current assets at a premium of 50% of the value of the assets in order to recoup the debt of its current liabilities.</span>
8 0
3 years ago
The Marketing Department has proposed increasing the West Division's monthly advertising by $15,000 based on the belief that it
kramer

Answer:

Net Increase in profit is $27,000

Explanation:

* The data was missing in this question, a similar question is attached with the answer, and answer is made accordingly. Please find it.

Sales  ( $350,000 x 120% )  =                     $420,000

- Variable cost ( 40% )  =                             $168,000

- Traceable fixed cost( 175000+15000) =  <u>$190,000</u>

Net Profit =                                                   $62,000

Net Increase in Net Income = $62,000 - ( 350,000 - (350,000 x 40%) - 175,000 ) = 27,000

6 0
4 years ago
The accounting concept which relates to separating the reporting of business economic transactions and personal economic transac
Sladkaya [172]

The accounting concept which relates to separating the reporting of business economic transactions and personal economic transactions is <u>Business Entity Concept</u>.

An organization transaction needs to have the following characteristics: It ought to be for a sum positive in cash (i.e., of an economic fee) It ought to be supported through a source file (e.g. income invoice, dependable receipt, disbursement voucher, remittance recommendation, and so on.) It has to have a -fold effect on the factors of accounting.

In accounting, a transaction in any monetary business enterprise occasion influences an agency's economic statements. because transactions consist of any event that has a financial impact on your economic facts, there are quite a few gadgets that are transactions. based mostly on the trade of cash, there are 3 kinds of accounting transactions, mainly cash transactions, non-cash transactions, and credit transactions.

Learn more about transactions here: brainly.com/question/1016861

#SPJ4

5 0
1 year ago
Jerome Jones delivers pizza for Papa’s Pizza. He earns $7.80 an hour plus time-and-a-half for every hour over 40. Last week he w
Serga [27]

His net pay is $328.16.

The first step is to calculate Jerome’s salary.

Regular time - 40 x $7.80 = $312

Overtime - 5 x $7.80 x 1.5 = $58.50

Total Salary = $312 + 58.50 = $370.50

The next step is to calculate the deductions:

Social security = 370.50 x .062 = $22.97

Medicare = 370.50 x .0145 = $5.37

Federal Income Tax = $14

Total Deductions = 22.97 + 5.37 + 14 = $42.34

$370.50 - $42.34 = $328.16

8 0
3 years ago
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