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Elena-2011 [213]
3 years ago
8

XYZ Inc.'s cost formula for its supplies cost is $968 per month plus $8 per frame. For the month of November, the company planne

d for activity of 450 frames, but the actual level of activity was 470 frames. The actual supplies cost for the month was $4,200. The spending variance for supplies cost in November would be closest to
Business
1 answer:
zaharov [31]3 years ago
8 0

Answer: $528 favorable

Explanation:

The Spending variance for supplies shoes the difference between what the company thought it would spend on supplies and what it actually spends.

Spending variance on supplies = Actual costs - Budgeted costs

Budgeted cost:

= 968 + 8 * 470 frames

= 968 + 3,760

= $4,728

Spending variance on supplies:

= 4,200 - 4,728

= $528 favorable

<em>Variance is favorable when the Budgeted costs are higher than actual costs. </em>

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2 years ago
A company bases its predetermined overhead rate on direct labor cost. For next year, total factory overhead cost is estimated at
AlekseyPX

Answer:

Allocated MOH= $18,750

Explanation:

Giving the following information:

The estimated total factory overhead= $300,000

Total estimated direct labor cost= $240,000.

The actual direct labor cost was $15,000.

First, we need to calculate the estimated overhead rate based on direct labor cost. Then, we can allocate overhead.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/240,000= $1.25 per direct labor dollar

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Allocated MOH= 1.25*15,000

Allocated MOH= $18,750

3 0
3 years ago
To have an effective marketing exchange process, you must make sure it involves a customer, a provider, a product, and a:
Travka [436]

Answer:

Transaction

Explanation:

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For any exchange to take place it is essential that the good is transacted.

Customer would be the one who requires the product or the ones who create a want.

A Provider is the one who satisfies a want or say the one who makes the product available.

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7 0
3 years ago
The amount a person earns before deducting any taxes other than voluntary deductions is called?
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6 0
3 years ago
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You are given the following facts about a 40% owner of an S corporation, and you are asked to prepare her ending stock basis.
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Answer:

$74,120

Explanation:

Preparation of her ending stock basis

ENDING STOCK BASIS:

Beginning stock basis $36,800

Add:Increase in AAA $12,800

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Total Ending stock basis $74,120

Therefore her ending stock basis is $74,120

6 0
2 years ago
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