1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexus [3.1K]
2 years ago
7

At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July sho

wed that actual maintenance costs totaled $13,680 and that the associated rate variance was $450 unfavorable. If 7,000 machine-hours were actually worked during July, the standard maintenance cost per machine-hour was:
Business
1 answer:
Pachacha [2.7K]2 years ago
7 0

Answer:

$1.89 per machine hour

Explanation:

With regards to the above information, we can say that since the associated rate variance is unfavorable, then, that amount must be subtracted from the actual maintenance cost so that we can arrive at the standard maintenance cost.

Standard maintenance cost = $ 13,680 - $450

= $13,230

Also, during July, 7,000 machine hours were actually worked , hence the standard machine maintenance cost per machine hour would be;

= $13,230 / 7,000

= $1.89

Therefore, the cost was $1.89 per machine hour.

You might be interested in
ABC, a U.S. company sends by fax an offer to sell to XYZ, a French company, 1,000,000 widgets for $1.00 a widget. XYZ sends back
galben [10]

Answer:

The correct option is B. False.

Further explanation is given below in the explanation section.

Explanation:

Offer From ABC Company to XYZ Company:

1,000,000 widgets to sell.

Selling Price of 1 widget = $1.00

Total Price = $1,000,000

Counter Offer from XYZ company to ABC Company.

Selling Price = $0.75

Total Price = 0.75 x 1,000,000 = $750,000

But in the end, ABC company sold its widgets to GHK company.

The correct option to this question is false.

This case is false because here ABC sends an original offer of $1 but XYZ sent a counter offer of $0.75. This counter offer was then duly rejected by ABC.

XYZ cannot again confirm and accept the original offer of ABC because they have already rejected your claim and thus XYZ have to wait until ABC make them another offer.

5 0
3 years ago
The existence of ending Work In Process Inventory necessitates the use of the 5minusstep process costing procedure. true or fals
tensa zangetsu [6.8K]

Answer:

The statement is: True.

Explanation:

The Work In Progress (WIP) Inventory represents the sources needed during the production of a good. While calculating costs for those sources it is necessary to follow the 5-steps of process costing which are the following:

<em>1)</em><em>  Determine the flow of units generated. </em>

<em>2)</em><em> Adjust the inventory to calculate the equivalent units. </em>

<em>3)</em><em> Identify the total cost. </em>

<em>4)</em><em> Calculate the average cost per equivalent unit. </em>

<em>5)</em><em> Record these costs to finished units and Work in Process units.</em>

8 0
3 years ago
According to the least preferred coworker (LPC) scale of Fiedler’s model of leadership styles, if the leader describes the least
blagie [28]

Answer:

The correct answer is a. is relationship-oriented.

Explanation:

This type of leadership takes people and their development in the work team into account. Collaborative and participative work is allowed within its functions, where the appreciations and comments of all people are considered and it is built based on experiences. Everyone has decision-making power, that is, they can carry out tasks in the way they feel best and have the power to support other areas without the need for the boss or leader to participate.

5 0
3 years ago
A bakery buys flour in 25-pound bags. The bakery uses 1,215 bags a year. Ordering cost is $10 per order. Annual carrying cost is
gizmo_the_mogwai [7]

Answer:

the economic order quantity is 18 units

Explanation:

The computation of the economic order quantity is as follows

Economic order quantity is

= \sqrt{\frac{2 \times annual\ demand \times ordering\ cost}{carying\ cost}  } \\\\= \sqrt{\frac{2\times 1,215\times \$10}{\$75} }

= 18 units

hence, the economic order quantity is 18 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
3 years ago
Which accounting principle states that a company should "record revenues when they provide goods and services to customers"?
3241004551 [841]

Answer:

Revenue recognition

Explanation:

Correct word for the given statement is Revenue recognition

Revenue recognition is a proper accounting rule (GAAP) that distinguishes the particular conditions wherein income is perceived and decides how to represent it. Normally, income is perceived when a basic occasion has happened, and the dollar sum is effectively quantifiable to the organization.

6 0
3 years ago
Other questions:
  • When does the government assume a contractionary fiscal policy position?
    13·1 answer
  • When an owner records a credit for $650 for revenue earned but not yet recieved, the amount of the debit should be
    9·1 answer
  • Calvin purchased a 40% partnership interest for $43,000 in February 2017. His share of partnership income in 2017 was $22,000, i
    14·1 answer
  • Classifying Cash Flows Identify the type of cash flow activity for each of the following events (operating, investing, or financ
    13·1 answer
  • In a market system:
    10·1 answer
  • 9. How are industrial goods different from consumer goods? Explain.
    9·1 answer
  • The problem with bank runs is not that ____________will fail; they are, after all, bankrupt and need to be shut down. The proble
    15·1 answer
  • Which of the following statements is not accurate descriptions of the business market? Mrs. Phillip, a retail buyer for Blooming
    9·1 answer
  • Damien Carranza is a nonexempt employee of Verdant Enterprises where he is a salesperson, earning a base annual salary of $31,75
    14·1 answer
  • If the price of a product increases, the demand for the resource used in producing that product decreases.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!