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Mrrafil [7]
3 years ago
8

Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,000 machine-hou

rs. The budgeted fixed manufacturing overhead costs are $245,000. In April, the actual fixed manufacturing overhead costs were $249,900 and the standard machine-hours allowed for the actual output were 7,300 machine-hours. Required: a. Compute the budget variance for April. b. Compute the volume variance for April.
Business
1 answer:
sergeinik [125]3 years ago
7 0

Answer and Explanation:

a. The computation of the budget variance of the month of April is shown below:

= Actual fixed manufacturing overhead costs -  budgeted fixed manufacturing overhead costs

= $249,900 - $245,000

= $4,900 unfavorable

b. The volume variance is

= (Denominator machine-hours - Standard machine-hours allowed) × Budgeted fixed overhead rate

= (7,000 machine hours - 7,300 machine hours) × $245,000 ÷ 7,000 machine hours

= $10,500 favorable

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When overhead is underapplied, a _____ must be made to the Manufacturing overhead account to close it out. Multiple choice quest
Serhud [2]

When overhead is underapplied, a debit must be made to the Manufacturing overhead account to close it out. The direct labor costs that  incurrence of direct labor costs should be recorded by debiting Work in process account.)

<h3>What is direct labor costs?</h3>
  • The wages or salaries paid to workers who actually generate goods are referred to as direct labor costs. In other words, these costs represent what employers pay to employees who produce the goods that businesses sell.
  • Direct labor and direct labor costs have a slight distinction. The actual job that employees perform to create items is referred to as labor. The sum of money the employer pays the workers to do the work is referred to as labor costs.
  • It is possible to track down and assign direct labor costs to certain products. A direct laborer would be someone who welds all of the bicycle frames that leave the Schwinn factory, for instance. The frames he helps build can be directly linked to his efforts. As a result, the bike frames can also be held responsible for the expenses related to his job, such as wages, salary, and benefits.

To learn more about direct labor costs with the given link

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3 0
2 years ago
An increase in the U.S. interest rate
Olegator [25]

Answer:

The correct answer is letter "A": raises the opportunity cost of holding dollars.

Explanation:

An interest rate is the cost of borrowing money or the compensation for assuming the risks for lending money. Interest is a cost for one party and income for another. As interest rates increase, people will tend to spend less money so, by keeping it saved, <em>the money earns more value</em> as a form of interest.

8 0
3 years ago
Assume that one year ago, you bought 160 shares of a mutual fund for $27 per share and that you received an income dividend of $
jonny [76]

Answer:

Percentage of total return = 7.93%

Explanation:

As per the data given in the question,

Number of share = 160

Value = $27 per share

Gain distribution = $0.14 cent per share

Market value of fund = $25 per share

Total return for investment = $0.14 × 160 + ($27 - $25) × 160

= $342.5

The value of total return  percentage = $0.14 × 160 + ($27 - $25) × 160 ÷ (160 × $27)

= 0.0793

=7.93%

4 0
3 years ago
Carol sees a beautiful dress in a store window. she says to the salesperson, "if my boyfriend asks me to attend the prom, i will
Zepler [3.9K]
Yes and no.the store will hold the dress for a certain amount of time before letting go.although whether the store really holds it would be most likely no<span />
7 0
4 years ago
Than Wok emigrated from his war-torn country to the United States almost two years ago. He recently found a job working on an as
igor_vitrenko [27]

Answer:

C.social needs.

Explanation:

Maslow's hierarchy of needs is a motivational theory that goes through five forms of needs set out below:

1. Physiological needs: These are the survival needs i.e. food, clothing, house, air

2. Security needs: This need covers human, financial, etc. protection and security

3. Social needs: These needs represent an person being or not involved in social groups. It makes the person not feel alone, lonely, etc.

4. Awareness needs: Awareness needs are the recognition he or she receives

5. Self-actualization needs: As the name suggests, it is self-actualizing in order to let the person know about his or her abilities.

So according to the given options, the most appropriate option is C. as it shows the social needs i.e loneliness, alone, etc

4 0
4 years ago
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