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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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An entrepreneur wants to start a new business. She needs a huge amount of
anygoal [31]

Answer:

An entrepreneur wants to start a new business. Her most important priorities are having full control over her company and keeping all the profits for herself. Which type of business would best suit her needs?

---> Sole proprietorship

Explanation:

for who has this different question

5 0
3 years ago
Read 2 more answers
A tax of $0.25 is imposed on each bag of potato chips that is sold. The tax decreases producer surplus by $600 per day, generate
Karolina [17]

The tax create a deadweight loss of $15 per day.

<h3>What is tax revenue?</h3>

A tax revenue means the sum derived from tax payers.

Dead weight loss = 0.5 * (P2 - P1) * (Q1 - Q2)

Dead weight loss = 0.5 * 0.25 * 120

Dead weight loss = $15

Hence, the tax creates a deadweight loss of $15 per day.

Therefore, the Option C is correct.

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6 0
2 years ago
The cost-recovery method of recognizing profit for accounting purposes is permitted if a. collections in the year of sale do not
kramer

Answer:

Correct Answer:

c. there is no reasonable basis for estimating collectibility.

Explanation:

The cost recovery method of revenue recognition is a concept in accounting that refers to a method in which a business does not recognize income related to a sale until the cash collected exceeds the cost of the good or service sold. <em>When a situation present itself where there is no reasonable basis for estimating collectibility, it justifies the use of the cost recovery method of revenue and profit recognition.</em>

6 0
3 years ago
The Two revenue sources for the government are ___ and ___.
anyanavicka [17]

Answer: The answer is taxes and spending taxes.

4 0
4 years ago
Charisma, Inc., has debt outstanding with a face value of $5.5 million. The value of the firm if it were entirely financed by eq
rjkz [21]

Answer:

$0.69 million or $690,000

Explanation:

Value of Firm Vₐ = $24.7 million

Debt D = $5.5 million

Shares S = 390,000 * 51 = $19.89 million

Therefore Value Vₓ = 5.5 + 19.89 = $25.39 million

We would expect Vₐ and Vₓ to be the same value. Therefore the decrease in the value of the company due to expected bankruptcy costs is

= $25.39 million - $24.7 million

= $0.69 million

3 0
3 years ago
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