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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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A manufacturer has an estimated practical capacity of 90,000 machine hours, and each unit requires two machine hours. The follow

nata0808 [166]

Answer:

Of the following factors, the manufacturer's production volume variance is most likely to have been caused by:

D. Temporary employment of workers with lower skill levels than originally anticipated.

Explanation:

a) Data and Calculations:

Estimated practical capacity = 90,000 machine hours

Machine hours per unit = 2

Estimated production units based on capacity = 45,000 (90,000/2)

Budgeted Actual

Variable overhead = $200,000 $240,000

Actual fixed overhead = $450,000 $442,000

Machine hours 90,000 88,000

Units produced 45,000 42,000

Estimated units to be produced based on standard machine hour

= 44,000 units (88,000/2)

Variance between standard units to be produced and actual = 2,000 (44,000 - 42,000) Unfavorable

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3 years ago

Which of the following is not a liquid investment

evablogger [386]

UHH NO SElectionS? WELL THEN.... IDK

8 0

3 years ago

In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to

vampirchik [111]

Answer:

Quantity of oil bought & sold would depend upon relative change i.e increase & decrease in demand & supply respectively.

↑Dd = ↓Sy : Qty same
↑Dd > ↓Sy : Qty ↑
↑Dd < ↓Sy : Qty ↓

Explanation:

Libya is an exporter of Oil to China. It implies china's demand for oil is satisfied by Libya's imports.

Usual markets are at equilibrium when market demand = market supply, demand & supply curves intersect.

Political unrest in Libya decreasing oil production, would decrease supply (exported) of oil to China & sift supply curve leftwards. Simultaneously, increase in China demand for oil would shift the demand curve rightwards. These changes in demand, supply would create excess demand. Excess demand would cause competition among buyers & increase the new equilibrium price.

However, <u>Quantity </u>of oil bought & sold would depend upon relative change , shift in demand & supply. If increase in demand is equal to decrease in supply, the quantity would remain<u> same.</u> If increase in demand is more than decrease in supply, quantity will <u>increase</u>. If increase in demand is less than decrease in supply, the quantity will <u>decrease.</u>

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2 years ago

A firm's attempts to shorten the length of time a process takes, may lead to disappointing outcomes because of ______.

liraira [26]

A firm's attempts to shorten the length of time a process takes may lead to disappointing outcomes because of time compression diseconomies.

<h3>What are time compression diseconomies?</h3>

According to time compression diseconomies, which are defined as inefficiencies that arise when work is done more quickly, the cost of building a competency will rise exponentially as the amount of time permitted to do so decreases.
Not every subsidiary deals with time compression diseconomies to the same extent.
The date of a later subsidiary formation may affect how strong TCD is. Early-established subsidiaries may have greater TCD than later entries due to two factors.
First, for late movers, vicarious learning may lower TCD. Second, TCD is made worse by the higher environmental uncertainty that early mover subsidiaries frequently experience.
TCD explains why the well-studied relationship between the level of multi-nationality and business success is negatively moderated by the rate of overseas expansion.

To learn more about Diseconomies refer to:

brainly.com/question/14563017

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4 0

1 year ago

Mill Co.’s allowance for credit losses was $100,000 at the end of Year 2 and $90,000 at the end of Year 1. For the year ended De

MatroZZZ [7]

Answer:

The amount worth $6,000 will be debited to the account in Year 2

Explanation:

When the uncollectible accounts are written off, then the debit is created to the allowance and the credit to the accounts receivable. The starting balance in the allowance account is $90,000 and the ending balance is $100,000 and the expense of bad debt is $16,000

The write off is computed as:

Write off = Beginning balance + Bad debt expense - Ending balance

= $90,000 + $16,000 - $100,000

= $106,000 - $100,000

= $6,000

Therefore, the amount of $6,000 is to be write off in Year 2

7 0

3 years ago