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Alinara [238K]
2 years ago
12

Required: a. - d. Prepare the pro forma income statement that would appear in the master budget and also flexible budget income

statements, assuming production volumes of 30,000 and 32,000 units. Determine the sales and variable cost volume variances, assuming volume is actually 32,000 units. Indicate whether the variances are favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e.,
Business
1 answer:
Studentka2010 [4]2 years ago
5 0

Answer:

Favorable $16,000

Explanation:

Volume Variance : ( Actual production Units - Budgeted Units ) * Cost per unit

Volume Variance = (32,000 - 30,000) * $8 per unit

Volume variance = $16,000 Favorable

Volume variance is the measure of the units produced in comparison with the budgeted units. The favorable variance is one when actual units produced are more than budgeted.

You might be interested in
Doug and Kayla formed a partnership with capital contributions of $220,000 and $320,000, respectively. Their partnership agreeme
Mandarinka [93]

Answer:

The correct answer is $79,000 and $37,000.

Explanation:

According to the scenario, the given data are as follows:

Net income = $116,000

Doug's Salary = $52,000

Receive an interest = 10%

So, the amount to be shared equally = [$116,000 - $52,000 - ( 10% × $220,000) - ( 10% × $320,000)] ÷ 2

= $5,000

So, Doug share = $52,000 + ( 10% × $220,000) + $5,000

= $79,000

Kayla share =  (10% × $320,000) + $5,000 = $37,000

5 0
3 years ago
Describe the reasons Lyft entered strategic alliances with GM and Waymo? Are some reasons more important than others? Why or why
SashulF [63]

Answer:

PART A

(1) In order to meet its demand for cars

(2) in order to use Waymo's Technological advancement in development self driving cars with GM.

(3) In order to strategically position the company to compete favourably in the car lift market and car sharing.

PART B

NO,all the reasons are equally important.

PART C

They are all needed in order to strategically position the company in terms of availability of cars with the required modern technological trends needed to compete favourably in the market for lift cars and car sharing.

Explanation:GM(General Motors) is an American car manufacturer with a long time experience in auto Manufacturing.

Lyft is a car lift and car sharing service provider, it is an American brand with its head quarters in California,United States of America.

Waymo(way forward in mobile)is an American self driven vehicles Manufacturing Company, it is a member of the Alphabet Inc, who also own Google.

8 0
2 years ago
A portfolio manager buys $1 million of U.S. Treasury bills maturing in 90 days at a price of $990,390 and discount rate of 3.8%.
ioda

Answer:

A. Outperforming the benchmark

Explanation:

Calculation to determine what the manager's portfolio

First step is to calculate the Treasury bill, bond-equivalent yield for U.S.

Using this formula

Treasury bill

=(Face value − Market value) / Market value × 365 / 90

Let plug in the formula

Treasury bill= ($1,000,000 − 990,390) / 990,390 × 365 / 90

Treasury bill=0.0097 × 0.04056

Treasury bill= 3.93%.

Second step is to calculate The total market value of the portfolio

Total market value portfolio=$990,390 + $100,000 + $200,000

Total market value portfolio= $1,290,390

Now let calculate the manager's portfolio

Manager's portfolio=3.93% ($990,390 / $1,290,390) + 4.34% ($100,000 / $1,290,390) + 4.84% ($200,000 / $1,290,390)

Manager's portfolio=3.93%(76.75%)+4.34%(7.75%)+4.84%(15.50%)

Manager's portfolio=0.0410*100

Manager's portfolio= 4.10%

Therefore Based on the above calculation the manager's portfolio is 4.10% OUTPERFORMING THE BENCHMARK because the manager's portfolio of 4.10% is higher than bond-equivalent yield benchmark portfolio of 4.0%.

7 0
3 years ago
While the personal computer industry is flooded and growing with laptops and tablets, Malik recently bought a desktop, his first
kolezko [41]

Answer:

A: Laggards.

Explanation:

  • Willingness of customers to try out new products.

There are 5 types of adapters, identified by Sociologist Evrett Roger in 1962:

  1. Laggards.
  2. Early adopters.
  3. Early majority.
  4. Category captains.
  5. Late majority.

Laggards: These are those customers who adopt to new ways slowly, after those ways would have become normal for the world.

  • Such as malik realized the essential need for laptop lately, however the market was filled with the product.
6 0
3 years ago
A closeout report is primarily used to
BigorU [14]

Answer:

draft the summary of a project plan and the performance efficiency of it.

Explanation:

A closeout report is primarily used to "draft the summary of a project plan and the performance efficiency of it."

Closeout report is a means of preparing an analysis of a project plan, including the result, in which the differences, pros, and cons, are listed out.

It also contains the performance rating or measure to determine the level of success of a project plan.

8 0
2 years ago
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