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Vitek1552 [10]
3 years ago
10

John Williams, manager of Phoenix Entertainment, wants to compute the variable overhead efficiency variance for the year. He has

the following details: Variable overhead flexible budget variance (unfavorable) $23,625 Budgeted input quantity allowed for actual output 9,000 units Actual input quantity used of cost-allocation base used 10,125 units Budgeted variable overhead cost per unit of cost- allocation base $30 Actual variable overhead cost per unit of cost- allocation base $29 What will be the variable overhead efficiency variance for the year
Business
1 answer:
Georgia [21]3 years ago
6 0

Answer:

2nd option is correct.

Explanation:

Variable over head       =     (Actual  Qty.  - Standard Qty. ) * Standard cost

Efficiency variance

                                      = (10125-9000) * 30

                                      =  $ 33750 (Un-Favorable)

2nd option is correct.

Variance is unfavorable because actual quantity used to produce is more than budgeted quantity allowed at that level of production.

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ratelena [41]

To accurately determine the financial performance of a company, it is necessary to compare its performance from <u>year to year</u>.

In order to accurately determine the financial performance of a company, financial statements are used in evaluating, which include the balance sheet,  statement of cash flows, and the income statement.

Financial performance indicators are quite necessary as they are quantifiable metrics which are used to measure how well a company is doing. Some companies also hire an outside accounting firm to audit the financial statements.

Hence, it is necessary to compare the financial performance of a company from year to year.

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1 year ago
You were recently hired by a firm as a project analyst. The owner of the firm is unfamiliar with financial analysis and wants to
zalisa [80]

Answer: <u><em>Profitability index</em></u> is the financial method of analysis which will provide the information that the owner requests

This is an assessment technique inflicted to possible outlays. This splits the proposed capital flow by the planned capital outflow to find out the profitability of a project

<u><em>Therefore the correct option is (d).</em></u>

3 0
3 years ago
Ruiz Engineering Contractors incurred service salaries and wages of $37,700 ($27,300 direct and $10,400 indirect) on an engineer
olganol [36]

Explanation:

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5 0
2 years ago
Disney gets its cast members to go out of their way to make people happy by valuing its employees like internal customers, which
Zigmanuir [339]
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5 0
3 years ago
To join an upscale country​ club, an individual must first purchase a membership bond for​ $20,000. In​ addition, monthly member
OverLord2011 [107]

Answer: $61,697.90

Explanation:

GIVEN the following ;

Membership bond = $20,000

Monthly membership due= $250

Annual percentage rate(APR) = 6% = 0.06

monthly rate (r) = 0.06 ÷ 12 = 0.005

Payment per period(P) = $250

Using the formula for present value of ordinary annuity:

PRESENT VALUE (PV) =

P[(1 - ((1 + r)^(-n)) ÷ r]

$250 [ 1 - ((1 + 0.005)^-360))÷0.005]

$250 [( 1 - (1.005)^-360)÷ 0.005]

$250 × [0.83395807196 ÷ 0.005]

$250 × 166.791614392335

PV = $41,697.90

Membership bond + present value

$20,000 + $41,697.90

= $61,697.90

8 0
2 years ago
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