1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lions [1.4K]
3 years ago
14

Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information f

rom LLL’s standard cost card follows:
Standard Quantity Standard Rate Standard Unit Cost
Variable manufacturing overhead 0.6 $0.80 $0.48

During August, LLL had the following actual results:

Units produced and sold 22,100
Actual variable overhead $ 9,490
Actual direct labor hours 16,000

Lamp Light Limited (LLL) calculates a fixed overhead rate based on budgeted fixed overhead of $60,300 and budgeted production of 20,100 units. Actual results were as follows:

Number of units produced and sold 22,100
Actual fixed overhead $ 58,300


a. Calculate the fixed overhead rate based on budgeted production for LLL.

b.Calculate the fixed overhead spending variance for LLL.

c.Calculate the fixed overhead volume variance for LLL.

d. Calculate the over- or underapplied fixed overhead for LLL.
Business
1 answer:
dmitriy555 [2]3 years ago
7 0
The answer is a , make sure you pick that oneb
You might be interested in
During 2017, Benson purchased $1,450,000 of raw materials, incurred direct labor costs of $250,000, and incurred manufacturing o
grigory [225]

Answer:

Raw Materials transferred to production during 2017 $1,466,000

Explanation:

The computation of the raw material transferred to production is given below:

Opening raw material 2016 $80,000

Add : Purchase of Raw material $1,450,000

Less Closing Stock raw material 2017 $64,000

Raw Materials transferred to production during 2017 $1,466,000

Hence, the same should be relevant

8 0
2 years ago
14. Suppose that the production of $1 million worth of steel in Canada requires $100,000 worth of taconite. Canada’s nominal tar
VMariaS [17]

Answer:

The effective rate of protection for Canada’s steel industry is 21%

Explanation:

The computation of the effective rate is shown below:

Steel percentage = (Production worth of steel) ÷ (Taconite worth)

                             = ($1,000,000) ÷ ($100,000)

                             = 10%

And the tariff rate for steel is 20%

And the taconite percentage is 10%

So, the effective rate would be equal to

= Tariff rate for steel + taconite percentage × steel percentage

= 20% + 10% × 10%

= 20% + 1%

= 21%

7 0
3 years ago
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next seven years, because
umka2103 [35]

Answer:

The price of the stock today will be $66.19

Explanation:

To calculate the price of a stock whose dividends will grow at a constant rate forever is calculated using the constant growth model of dividend discount model approach. To calculate the price of the stock today using this model, we use the following formula,

P0 = D1 / r - g

We will first calculate the price of the stock at t=8 using D9 because we use the next period's dividend to calculate the price of a stock. We will then discount back the price at t=8 to today's price.

P8 = 14.25 * (1+0.06)  /  (0.14 - 0.06)

P8 = $188.8125

The price of the stock today will be,

P0 = 188.8125 / (1+0.14)^8

P0 = $66.189 rounded off to $66.19

3 0
3 years ago
Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor
Damm [24]

Answer:

Labor productivity in units per labor hour for Deluxe car = 0.19 per hour

Labor productivity in units per labor hour for Limited car = 0.24 per hour

Labor productivity in dollar of output per dollar of labor expense for Deluxe car = $98.75

Labor productivity in dollar of output per dollar of labor expense for Limited car = $128.69

Explanation:

Note: This question is not complete and its data are merged together. The complete question with the sorted data is therefore provided before answering the question as follows:

Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below.

                                QUANTITY                     $/UNIT

Deluxe car            3,655 units sold            $7,700/car

Limited car           5,850 units sold            $9,200/car

Labor, Deluxe        19,000 hours                 $15/hour

Labor, Limited       24,600 hours                 $17/hour

What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.)

The explanation of the answers is now provided as follows:

For each type of car, the following formulae can be used:

Labor productivity in units per labor hour = Units sold / Labor hours ……. (1)

Labor productivity in dollar of output per dollar of labor expense = (Units sold * Price per car) / (Labor hours / Labor rate per hour) ……………. (2)

Using equation (1), we have:

Labor productivity in units per labor hour for Deluxe car = 3,655 / 19,000 = 0.19 per hour

Labor productivity in units per labor hour for Limited car = 5,850 / 24,600 = 0.24 per hour

Using equation (2), we have:

Labor productivity in dollar of output per dollar of labor expense for Deluxe car = (3,655 * $7,700) / (19,000 * $15) = $98.75

Labor productivity in dollar of output per dollar of labor expense for Limited car = (5,850 * $9,200) / (24,600 * $17) = $128.69

These can be translated into a table as follows:

                                     Labor Productivity  

                               Units/hour         Dollars

Deluxe Car              0.19/hour           $98.75

Limited Car             0.24/hour         $128.69

5 0
3 years ago
Please help
Andrew [12]

Answer: It’s research the issues

Explanation:

The other answer is wrong

3 0
2 years ago
Other questions:
  • The Government and Public Administration Career Cluster includes careers involving which of the following? Travel and tourism Co
    9·1 answer
  • Nation A makes is illegal for its citizens to own more than one vehicle in order to reduce emissions. Nation A’s neighbor Nation
    15·1 answer
  • Which of the following sentences use clear and correct pronoun references? Check all that apply.
    10·2 answers
  • Which of the following best describes a dividend? ​
    10·1 answer
  • Hannah was fired by Friendly Catering Company (FCC) without a valid reason. The company's employee handbook stated that employee
    5·1 answer
  • When looking to finance higher education, what is the best order to look for funding sources
    12·1 answer
  • Incoterm trong thanh toán quốc tế là gì?
    7·1 answer
  • Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. Under the indi
    9·1 answer
  • at is Dantzler's horizon, or continuing, value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Ye
    7·1 answer
  • wilson brothers partnership has the following income and expense items: gross receipts $500,000 cancellation of debt 15,000 roya
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!