Oracle is a Database application
Question
Monty Manufacturing builds playground equipment that it sells to elementary schools and municipalities. Monty's management has contracted you to perform a variance analysis on the fixed manufacturing overhead for its line of slides. Monty's cost accounting team informs you that it allocates fixed overhead based on machine hours. This period production was budgeted at 35
0 slides
. Budgeted and actual production data follows:
Standard fixed overhead cost per machine hour $5.00
Standard machine hours per slide 9
Actual production 390
Actual fixed overhead cost $20,000
What is the fixed manufacturing overhead volume variance in this period?
Answer:
Fixed overhead volume variance $1800 Favorable
Explanation:
Standard fixed cost per unit = cost per hour × standard hours
= $5.00 ×9 = $45
Units
Budgeted production unit 350
Actual production unit <u>390</u>
Volume variance in (units) 40
Standard fixed over cost per unit <u>× $45</u>
Fixed overhead volume variance <u> 1800 </u>Favorable
Fixed overhead volume variance $1800 Favorable
Answer:
Coat Tech’s workers have Sequential interdependence..
Explanation:
Sequential interdependence occurs when one unit in the overall process produces an output necessary for the performance by the next unit.
Hal charges Jim to operate his business within the office building he owns. Hal's source of income is interest.
<h3>What is interest?</h3>
Interest is a reward paid to an individual who have invested by lending certain amount of money. It is usually paid based on the amount of money borrowed by an individual. Interest is paid on the total amount investment in lending
An individual can sit in the comfort of his house and get paid interest by borrowers or company invested too.
Therefore, Hal charges Jim to operate his business within the office building he owns. Hal's source of income is interest.
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Answer:
C
Explanation:
Lets understand the terms given in simple language, first.
- Acquisition -- occurs when a company takes control of most or all of another company
- Licensing -- this is when a company gives permission to another company to manufacture its product, with payment terms
- Joint venture -- this is when 2 or more businesses jointly put their resources at work to accomplish more business or a specific task
- Exporting -- business selling their goods to other countries
- Franchising -- this is when a company gives rights to another to sell their products
In this problem, we see that Chinese companies wants a part of foreign companies when they want to do business in China. That means, both foreign and Chinese company do business together.
We can rule out acquisition, exporting, franchising immediately.
Licensing is rules out as well because they are doing it "TOGETHER", that can mean only "joint venture".
<u>C is the correct choice.</u>
