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Irina18 [472]
2 years ago
5

Actual units produced: 13,000 Actual fixed overhead incurred: $742,000 Standard fixed overhead rate: $15 per hour Budgeted fixed

overhead: $720,000 Planned level of machine-hour activity: 48,000 If Auditory estimates four hours to manufacture a completed unit, the company's fixed-overhead budget variance would be:
1. $60,000 unfavorable.
2. $22,000 unfavorable.
3. $60,000 favorable.
4. None of the answers is correct.
5. $22,000 favorable.
Business
1 answer:
valentinak56 [21]2 years ago
3 0

Answer:

 <u>$</u><u> 22,000</u> unfavourable

Explanation:

<em>The fixed expenditure budget variance is the difference between between the actual expenditure and the budgeted expenditure</em>

<em>Fixed overhead expenditure variance =</em>

Budgeted expenditure     =   $720,000

Actual expenditure          =      <u>$742,000</u>

Expenditure variance               <u>$</u><u> 22,000</u> unfavourable

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Maggie's Muffins, Inc., generated $2,000,000 in sales during 2015, and its year-end total assets were $1,400,000. Also, at year-
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Answer:

The Sales will increase by $350,000 (2000,000 * 17.5%)

Explanation:

As we know that,

Self Supporting Growth Rate = Return on Equity * (1 - Payout Ratio) ...Eq1

Here

Payout ratio given is 50%

and

Return on Equity =  35% <u>(Step 1)</u>

By putting values in Eq1, we have:

Self Supporting Growth Rate = 35% * (1 - 50%)

Self Supporting Growth Rate = 17.5%

Which means that Sales will increase by $350,000 (2000,000 * 17.5%) which is 17.5%.

<u>Step 1: Find Return on Equity</u>

We know that:

Return on Equity = Net Income / Equity ..............Eq2

As we are not given value of Net Income we can not calculate the value of return on equity. But there is another way that we can calculate by simply multiplying and dividing by sales on Left hand side of the Eq2 equation.

Return on Equity = Net Income / Equity          * Sales / Sales

By rearranging, we have:

Return on Equity = Net Income / Sales  *   Sales / Equity

Now here,

Net Income / Sales  = Profit Margin

By putting this in the above equation, we have:

Return on Equity = Profit Margin  * Sales / Equity

Here

Profit Margin is 7% given in the question.

Sales were $2,000,000

And  

Equity is $400,000 <u>(Step 2)</u>

By putting values, we have:

Return on Equity = 7%  * $2,000,000 / $400,000

Return on Equity = <u>35%</u>

<u>Step 2. Find Equity</u>

Equity = Assets - Liabilities

Here,

Assets are worth $1,400,000

Liabilities are standing at $1,000,000 which includes only current liabilities because company doesn't have any long term borrowings

By putting the values, we have:

Equity = $1,400,000 - $1,000,000 = <u>$400,000</u>

<u>Brother, don't forget to rate the answer.</u>

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Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard b
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Answer:

Allocated cost:

B7= 0.23*600,000= 138,000

K6= 0.50*600,000= 300,000

X9= 0.27*600,000= 162,000

Explanation:

Giving the following information:

Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce.

weighted average:

B7= 35,000/150,000= 0.23

K6= 75,000/150,000= 0.5

X9= 40,000/150,000= 0.27

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B7= 0.23*600,000= 138,000

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X9= 0.27*600,000= 162,000

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The admissions director at big city university proposed using the iq scores of current students as a marketing tool. the univers
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The complete question is as follows:

The admission directory of Big City University has a novel idea. He proposed using the IQ scores of current students as a marketing tool. The university agrees to provide him with enough money to administer IQ tests to 50 students. So the director gives the IQ test to an SRS of 50 of the university’s 5000 freshman. The mean IQ score for the sample is xbar=112. The IQ test he administered is known to have a σ of 15. What is the 95% Confidence Interval about the mean? What can the director say about the mean score of the population of all 5000 freshman?

Answer: The 95% confidence interval about the mean is Confidence interval = 107.84 \leq \mu \leq 116.16.

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We follow these steps to arrive at the answer:

Since the population standard deviation of the IQ test is known, we can use the Z scores to find the confidence interval.

The formula for the confidence interval about the mean is:

Confidence interval = \overline{X}\pm Z*\frac{\sigma}{\sqrt{n}}

In the equation above, X bar is known as the point estimate and the second term is known as Margin of Error.

The Critical Value of Z at the 95% confidence level is 1.96.

Substituting the values in the question in the equation above we have,

Confidence interval = \112\pm 1.96*\frac{15}{\sqrt{50}}

Confidence interval = \112\pm 4.157787873}

Confidence interval = 107.8422121 \leq \mu \leq 116.1577879

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