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3 years ago

If a budgetary reporting system provides adequate reports, but the reports are not analyzed and acted upon:

Business

1 answer:

dalvyx [7]3 years ago

6 0

Answer:

The control has been implemented but is not operating effectively.

Explanation:

Budgetary control in finance can be regarded as the management of income as well as expenditure. It involves comparison of actual income/ expenditure with the planned income/ expenditure on regular basis so that it will be easier to know if there is need for corrective action. It should be noted that if a budgetary reporting system provides adequate reports, but the reports are not analyzed and acted upon, then there is implementation of control already but there is no effective operation.

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Bramble's Bakery makes a variety of home-style cookies for upscale restaurants in the Atlanta metropolitan area. The company's b

jolli1 [7]

Answer:

$15.51 per Double chocolate almond supreme

Explanation:

Calculate the standard cost for a pound of Mama Fran's double chocolate almond supreme cookies.

1. Standard Material Cost (Ratio Denominator = 10 + 5 + 1 = 16)

Std. Mat Cost = 10 Ounces /16 * $0.80 + 5 Ounces /16* $6 + 1/16* $18

Standard Material Cost = $3.5 per Double chocolate almond supreme

2. Standard Direct Labor Cost

Std. Labor Cost = 1 /60 Hours * $12.7 per Hour + 7/60 Hour * $19 per Hour

Std. Labor Cost = $2.4283 per Double chocolate almond supreme

3. Standard Variable Overhead Cost

Std. Variable OH. Cost = 6/60 Hours * $35.8

Standard Variable overhead cost = $3.58 per Double chocolate almond supreme

4. Standard Fixed Overhead Cost

Std. Fixed Overhead per cake = 6/60 Hours * $60 per Hour

Standard Fixed overhead cost = $6 per Double chocolate almond supreme

Now Standard cost for a pound is calculated as under:

Standard cost for a pound = 2.9375 + 2.4617 + 3.70 + 6

Standard cost for a pound = $15.51 per Double chocolate almond supreme

8 0

3 years ago

A new project would require an immediate increase in raw materials in the amount of $17,000. The firm expects that accounts paya

RUDIKE [14]

Answer:

C.) $10,000

Explanation:

Working capital is the net of current asset and current liabilities. it is a financial measure that gives insight into how liquid a company is.

Raw materials also known as Inventory and accounts payable are both current assets and current liabilities respectively hence, Incremental investment in working capital if the project is accepted

= $17,000 - $7,000

= $10,000

5 0

3 years ago

Read 2 more answers

Take Test: Lab 3: Saving for Retirement Quiz Suppose Betty saves $200 each month in her 401(k) account. How much less will her m

g100num [7]

Answer:

$160

Explanation:

her net monthly take home pay will be reduced by $200 x (1 - combined tax rate = $200 x (1 - 20%) = $200 x 0.8 = $160

If instead of contributing to her 401k account, Betty took the money home, she would have to pay $40 in taxes (both state and federal), so the net amount that she receives is reduced by the taxes that she pays.

8 0

3 years ago

Block of crust that is located above the fault of plane?

STatiana [176]

A hanging wall is a block of crust that is located above a fault plane hint for identification if a person were able to sand on the fault plane they could hang on to the hanging wall fault blocks. represent blocks of Earth crust

5 0

2 years ago

Which of the following provides the best explanation for how consumer credit can exacerbate inequality?

Flura [38]

Answer:

people with lower wealth and income may have less access to credit and pay higher interest rates when they are approved

Explanation:

8 0

1 year ago