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
nevsk [136]
3 years ago
15

Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using direct labor hours. Standar

ds allowed for each unit are 5.3 hours of labor at a standard variable overhead rate of $7.20. During December, Wisteria Co. produced 3,000 snowboards. Materials purchases totaled 21,500 pounds at a total cost of $224,780. Materials usage totaled 21,060 pounds. Payroll totaled $183,730 for 17,130 hours worked. Variable overhead incurred totaled $120,466. a. Calculate the variable overhead rate variance. (Do not round your intermediate calculations. Indicate the effect of variance by selecting "Favorable", "Unfavorable", or "None" for no effect (i.e., zero variance).)
Business
1 answer:
Ket [755]3 years ago
6 0

Answer:

Variable overhead rate variance = $2,870 favorable

Explanation:

Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.

This computed as follows:

                                                                                    $

17,130 hours should have cost ( 17,130 ×7.20)      123336

but did cost                                                            <u>120,466</u>

Variable overhead rate variance                           <u>  2870 </u> Favorable

Variable overhead rate variance = $2,870              

You might be interested in
Perez Concrete Company pours concrete slabs for single-family dwellings. Lancing Construction Company, which operates outside Pe
cricket20 [7]

Answer: Rooney should accept as there is a chance to make a profit of $53,580

Explanation:

Rooney has the capacity to build the additional slabs so can do so without stopping other orders.

Revenue should Rooney accept project:

= 47 * 2,510

= $117,970

Cost should Rooney accept project:

= (870 * 47) + (500 * 47)

= $64,390

Total profit:

= 117,970 - 64,390

= $53,580

<em>Rooney should accept as there is a chance to make a profit of $53,580</em>

4 0
3 years ago
The demand for cable television is relatively elastic, because if the price gets too high, people will rent dvds or videos inste
elena-s [515]
The answer is the producer 
3 0
3 years ago
Read 2 more answers
Lori contracts to buy coffee beans for her store from Mike. The contract price is $7.50 per pound of Costa Rican coffee. Mike br
Ksju [112]

Answer:

the difference between the contract price of coffee and what Lori will have to pay to secure alternative coffee

Explanation:

Lori wanted to buy coffee beans for that she paid the contract price of $7.50 per pounds to mike. Mike has breached the contract which is why Lori has lost $7.50.  Now to buy coffee beans she will contact some other supplier and pay them to secure alternative coffee. So, in total Lori's damages are the contract price of coffee and what she will pay some other vendor to secure coffee beans.

4 0
3 years ago
Imagine you are in the process of buying a new car. Give at least two examples of both qualitative and quantitative data that yo
Ilya [14]

Answer: Qualitative data cannot be recorded numerically at the initial stage, but can be later converted into numerical data for statistical purposes.

Quantitative data is conclusive in summary, can be recorded numerically first hand.

Explanation:

Qualitative data cannot be recorded numerically at the initial stage, but can be later converted into numerical data for statistical purposes.

Quantitative data is conclusive in summary, can be recorded numerically first hand.

Qualitative variables examples;

Colour of the car

Driver experience

Quantitative variables:

Size of the car

Horse power of the engine -

3 0
2 years ago
What term means the unused option when deciding how to use one's<br> resources.
andrezito [222]

Answer:

Opportunity cost

6 0
3 years ago
Other questions:
  • A _____ is an estimation about a future situation based on the evaluation of facts.
    13·1 answer
  • By marketing an item, sellers attempt to increase the real value of an item.<br> True or false
    8·1 answer
  • Employee theft and fraud is a costly problem for organizations, estimated to be approximately ________ per worker per year.
    8·1 answer
  • Personal selling can be very effective in complex selling situations because it involves​ ________ interactions and engagement b
    6·1 answer
  • General motors, in order to achieve a 15 to 20 percent profit on its investment, prices its automobiles accordingly. this approa
    13·1 answer
  • Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2
    7·1 answer
  • Hailey, Inc., has sales of $19,730, costs of $9,300, depreciation expense of $1,970, and interest expense of $1,460. Assume the
    6·1 answer
  • Lake House. Harry has two houses, a house on the lake and a house in town. Rebecca wants to buy the house on the lake. Harry and
    12·2 answers
  • 22. Communication that takes place between a manager and employees of other workgroups is called ………… communication.
    12·1 answer
  • Most people recognize that, as a group, consumers are the pivotal participants in the economy, The _____________decisions made b
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!