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3 years ago

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

Business

1 answer:

777dan777 [17]3 years ago

4 0

Answer:

Results are below.

Explanation:

Match each of the following formulas and phrases with the term it describes.

A) (Actual Direct Labor Hours - Standard Direct Labor Hours) × Standard Rate per Hour

This is the formula for Direct labor time (efficiency) variance

B) (Actual Rate per Hour - Standard Rate per Hour) × Actual Hours

This is the formula for Direct labor rate variance

C) (Actual Price - Standard Price) × Actual Quantity

This is the formula for Direct materials price variance

D) (Actual Quantity - Standard Quantity) × Standard Price

This is the formula for Direct materials quantity variance

E) Standard variable overhead for actual units produced

Budgeted variable factory overhead

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Teller, a calendar year company, purchased merchandise from TechCom on November 1 of the current year. TechCom accepted Teller's

ikadub [295]

Answer:

Dr Interest Receivable $240

Cr Interest Income $240

Explanation:

The reason is that the Techcom company is lender and must account the lending as a loan.

The loan will be paid with the interest at the end of the period. The interest received at the end of December 31 would be the single month loan at the $4800 at the interest rate which is 10 percent here.

The Interest Income = $4800 * (10% interest rate * 2/12) = $240

The interes would be recorded for the two months which is $240 and accounted for as under:

Dr Interest Receivable $240

Cr Interest Income $240

And at the end of January 31, Teller will make the payment which would be accounted for as under:

Dr Cash $5260

Cr Interest Revenue $120

Cr Notes Receivable $4800

Cr Interest Receivable $240

4 0

4 years ago

Type the correct answer in the box. Spell all words correctly.

Ad libitum [116K]

Answer:

Explanation:

Initiation phase is the first phase of a project management where the project is evaluated to know the purposes it has to be done , how it will be done and the resources needed to execute it.

At this stage , Samantha's team has to clarify and justify the project's purposes and feasibility in order to know why it has to be done and also how it will be completed and its purpose achieved.

6 0

3 years ago

Anderson's Furniture Outlet has an unlevered cost of capital of 8%, a tax rate of 35%, and expected earnings before interest and

navik [9.2K]

Answer:

8.67%

Explanation:

The computation of cost of equity is shown below:-

Before capitalization the value of equity = Interest and taxes × (1 - tax rate) ÷ Cost of capital

= $1,500 × (1 - 0.35) ÷ 0.08

= $1,500 × 0.65 ÷ 0.08

= $12,188

Value of firm with debt = The value of equity before capitalization + (Bonds outstanding × tax rate)

= $12,188 + ($3,500 × 0.35)

= $13,413

After recapitalization debt equity ratio = Cost of capital + ((Cost of capital - Coupon percentage) × Tax rate × (1 - tax rate)

= 0.08 + ((0.08 - 0.05) × (0.35) × (0.65))

= 0.08 + ((0.03) × (0.35) × (0.65))

= 8.67%

5 0

3 years ago

During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of whi

IRISSAK [1]

Answer:

1. Income statement based on the absorption costing concept.*

Sales $10,800,000.00

Less Cost of Goods Sold

Beginning Inventory $0

Add Cost of Goods Manufactured $9,600,000.00

Less Ending Inventory ($960,000.00) ($8,640,000.00)

Gross Profit $2,160,000.00

Less Expenses :

Selling and administrative expenses:

Variable $1,080,000.00

Fixed $180,000.00 ($1,260,000.00)

Net Income/(loss) $900,000.00

2. Income statement based on the variable costing concept.*

Sales $10,800,000.00

Less Cost of Goods Sold

Beginning Inventory $0

Add Cost of Goods Manufactured 9,280,000.00

Less Ending Inventory ($928,000.00) ($8,352,000.00)

Contribution $2,448,000.00

Less Expenses :

Fixed manufacturing cost $320,000.00

Selling and administrative expenses:

Variable $1,080,000.00

Fixed $180,000.00 ($1,580,000.00)

Net Income/(loss) $868,000.00

3. Reason

Fixed Costs that are deferred in Ending Inventory units under adsorption costing has resulted in absorption costing having a larger profit.

Explanation:

Production units 80,000

Less units Sold (72,000)

Ending Inventory units 8,000

absorption costing calculations

Manufacturing Cost - absorption costing

Direct materials 6,400,000.00

Direct labor 1,600,000.00

Variable manufacturing cost 1,280,000.00

Fixed manufacturing cost 320,000.00

Total Manufacturing Cost 9,600,000.00

Ending Inventory = 9,600,000.00 × 8,000/ 80,000

= $960,000

variable costing calculations

Manufacturing Cost - variable costing

Direct materials 6,400,000.00

Direct labor 1,600,000.00

Variable manufacturing cost 1,280,000.00

Total Manufacturing Cost 9,280,000.00

Ending Inventory = 9,280,000.00 × 8,000/ 80,000

= $928,000

6 0

4 years ago

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dalvyx [7]

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4 years ago