Answer:
Rate variance = $250 favorable
Explanation:
<em>The variable overhead rate variance is the difference between the actual variable cost and the standard variable overhead cost the actual actual hours used.</em>
<em>We would compare the actual cost to the standard cost of the actual hours used . This is done below as follows:</em>
$
4,200 hours should have cost (4200 × 3.75 ) 15,750
but did cost <u>15,500</u>
Rate variance <u> 250</u> Favorable
Note the actual hours of 4,200 cost $250 less than it should be have cost . Hence the variance is favorable
Rate variance = $250
Answer:
$2,600
Explanation:
Calculation of the value of the company's inventory at the lower of cost or market.
Current FIFO inventory ×Net realizable value
Where,
Current FIFO inventory= 200 units
Net realizable value $13 per unit
Therefore,
200 units *$13 per unit = $2,600.
Lower cost of market can be said to mean that the inventory cost at either the purchase cost or replacement value .
Bases on the information given in the question, replacement cost is lower or lesser than the purchase cost which is why the inventory units are been cost at the replacement value of $13 each.
Answer:
to comply with Occupational Safety and Health Administration (OSHA) procedures
Explanation:
OSHA is occupational safety and health administration. OSHA is mandated to publish and enforce regulations that safeguard employees' health and safety in the workplace.
Fall guards are elected in high places to prevent employees from falling to the ground. They are safety measures that employers have to put in place to prevents accidental falls and subsequent injuries. Fall guards in a high place are one of the OSHA requirements.
C) They are income distributed only to retirees who have worked a certain amount of years. A pension plan provides for future retirement income based on the employee's earnings and length of service with the company. This type of pension plan is termed as a defined benefit plan.
