Answer:
1. The fixed portion of the predetermined overhead rate for the year is $10,000 per direct labor hour.
2. The fixed overhead budget variance is $4,000 unfavourable and the fixed overhead volume variance is $10,000 favourable.
Explanation:
In order to calculate the the fixed portion of the predetermined overhead rate for the year we would have to use the following formula:
predetermined overhead rate for the year=<u>Total fixed overhead cost year</u>
Budgeted direct labor-hours
=$ 250,000/25,000
=$10,000
1. The fixed portion of the predetermined overhead rate for the year is $10,000 per direct labor hour.
In order to calculate the fixed overhead budget variance, we use the following formula:
2. fixed overhead budget variance=Actual fixed overhead cost for the year- budgeted fixed overhead cost for the year
=$ 254,000-$ 250,000
=$4,000 unfavourable
In order to calculate the fixed overhead volume variance, we use the following formula:
fixed overhead volume variance=budgeted fixed overhead cost for the year-fixed overhead appliead to work in process
=$ 250,000-(26,000×10)
=$10,000 favourable
Explanation:
*Free fuel
*One of the cleanest form of energy
*Advance of technology
*Reduce our dependence of fossil fuel
*Doesn't disrupt farmland operations
Answer:
a. Unit Labor Standard × Actual Output.
Explanation:
The standard direct labor hours allowed is the number of hours held for per unit based on the actual number of units produced. It can be determined by multiplying the unit labor based on standard per hour with the actual output
In mathematically,
Standard direct labor hours allowed = Unit Labor Standard × Actual Output
Hence, all other options are wrong
Answer: C. Law of Large Numbers
Explanation:
The law of large numbers, posits that as the sample size grows, the mean of the samples will be closer to the average that's meant for the entire population.
According to the law of large numbers, when an experiment is repeated so many times, and then the results are averaged, the value that one gets will be close to the expected value.
In insurance, the more companies that are insured by the insurance company, the more likely they will b able to predict the percentage of losses over a given period of time.
Okay, so we start out with $15. Then 5 people take $3. All we have to do is <u>multiply</u> 5 by 3
5 x 3 = 15
Therefore, there will be <u>no</u> money left.
Hope this helps you
Brainliest would be appreciated
-AaronWiseIsBae
