It can be calculated using the following formula: Fixed Overhead <u>Volume </u>Variance = Applied Fixed Overheads – Budgeted Fixed Overhead. Here, Applied Fixed Overheads = Standard Fixed Overheads × Actual Production.
Volume is a measure of the occupied three-dimensional space. [1] Often quantified numerically using SI units (such as cubic meters and liters) or various imperial units (such as gallons, quarts, and cubic inches). Container volume is generally understood to mean the capacity of the container. That is, the amount of fluid (gas or liquid) the container can hold, rather than the amount of space the container itself moves through.
For simple 3D shapes, you can easily calculate the Volume is a measure of the occupied three-dimensional space. [1] Often quantified numerically using SI units (such as cubic meters and liters) or various imperial units (such as gallons, quarts, and cubic inches). Container volume is generally understood to mean the capacity of the container. That is, the amount of fluid (gas or liquid) the container can hold, rather than the amount of space the container itself moves through.
learn more about Volume here. brainly.com/question/1972490
#SPJ
Answer:
the standard price per gallon is $5.25
Explanation:
the computation of the standard price per gallon is given below;
Materials Price Variance = Actual Quantity × (Standard Price - Actual Price)
$90,000 = 40,000 × (Standard Price - $3)
$2.25 = Standard Price - $3
Standard Price = $5.25
Hence, the standard price per gallon is $5.25
The same should be considered
Answer:
Ames should reduce the lease liability by $17,000
Explanation:
There are two components of lease payment:
- Interest expense
- Amount paid against lease obligation.
Annual Lease = $40,000
Carrying amount at the beginning of the period = ( $270,000 – $40,000 ) = $230,000
Interest is calculated by multiplying the carrying amount with annual interest rate.
Interest expense = $230,000 x 10% = $23,000
Reduction in liability is the net of Lease payment and Interest expense for the period.
Reduction in lease liability = $40,000 - $23,000 = $17,000
Answer:
500,000 units
Explanation:
The Production Budget can be used to determine the number of units that needs to be manufactured in order to meet Sales and Inventory targets as follows :
Production Budget for Next Year
Sales 510,000
Add Closing Finished Goods Inventory 60,000
Total 570,000
Less Opening Finished Goods Inventory (70,000)
Budgeted Production 500,000
Therefore,
The number of units it would have to manufacture during the year would be 500,000
