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maw [93]
3 years ago
13

Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is

0.1 hours per unit. The variable overhead rate standard is $8.00 per hour. In January the company produced 8,700 units using 910 direct labor-hours. The actual variable overhead rate was $7.90 per hour. The variable overhead rate variance for January is:
Business
1 answer:
IRISSAK [1]3 years ago
6 0

Answer:

$91 favorable

Explanation:

Variable overhead rate variance = (Standard variable overhead rate - Actual variable overhead rate) * Actual hour worked

Therefore, we have:

Variable overhead rate variance = ($8.00 - $7.90) * 910 = $91 favorable

Note: the variable overhead rate variance is said to be favorable becasue standard variable overhead rate is geater than the actual variable overhead rate.

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On July 1, 2021, Apache Company, a real estate developer, sold a parcel of land to a construction company for $3,000,000. The bo
atroni [7]

Answer:

Revenue 2021 = $3,000,000

Revenue 2022 = $0

Explanation:

Given that,

Sold a parcel of land to a construction company = $3,000,000

book value of the land on Apache’s books = $1,200,000

In this case, revenue is identified at a point when the parcel of land is transferred to the construction company.

Therefore, full revenue from the sale of land should be recognized in the year 2021 because the transfer of land occured in 2021 and there will be no revenue reflected in the year 2022.

Revenue 2021 = $3,000,000

Revenue 2022 = $0

4 0
3 years ago
The standard deviation of a two asset portfolio with a correlation coefficient of .35 will be _______________ the weighted avera
Kobotan [32]
The answer will be equal to!
4 0
3 years ago
Suppose the price of corn rises from $30 in January to $32 in February to $32.7 in March. What is the March inflation rate
Rzqust [24]
The inflation rate formula is ( CPI2 - CPI1 )
                                            --------------------  x100
                                                    CPI1
CPI2 = Price of the latter date
CPI1 = Price of the earlier date

So the latter price is $32.7 and the earlier is $32 (I'm assuming you mean the inflation from January to February)

Then plug in the numbers ( 32.7 - 32 )
                                          ---------------- x100
                                                 32
32.7 - 32 = .7/32 = .021875 x 100 = 2.1875

Which means the answer would be if you round 2.2%

3 0
3 years ago
New "green belt" areas have been created to beautify the grounds around Tampa Power and Light Company. The green cover has creat
erica [24]

Answer:

The correct answer is letter "A": an increase in the price of the firm’s output.

Explanation:

Externalities are costs paid by individuals who are not involved in causing it. The typical example of an externality is a company's pollution. Governments set regulations and penalties to corporations provoking pollution but to mitigate those costs the fined entities rise the price of their products. Thus, eventually, the consumer is the affected of the situation.

However, <em>externalities can be positive. Just like in the example, the green cover of Tampa Power and Light Company benefits Tampa citizens. To incorporate the cost of this benefit will imply rising the price of the firm's output (electricity) so resources can be efficiently allocated.</em>

5 0
3 years ago
A nursery has $40,000 of inventory in dogwood trees and red maple trees. the profit on a dogwood tree is 27% and the profit on a
Afina-wow [57]

Answer: The amount invested in the dogwood tree was $5000, while $35000 was invested in the red maple tree.

We arrive at the answer as follows:

Let the proportion of dogwood trees be x.

Then the proportion of red maple trees in the nursery will be 1-x, since there are only two types of trees in the nursery.

We use the following formula to find the proportion dogwood and maple trees in the nursery:

20 = 27x + 19(1-x)

Solving for x we get

20 = 27x + 19 - 19x

x = \frac{1}{8}

We can find the proportion of maple trees as follows:

1 - \frac{1}{8} = \frac{7}{8}

Since we have the proportions, we can easily find the amount invested in type of tree as follows:

Dogwood = 40000*\frac{1}{8} = 5000

Red Maple tree = 40000*\frac{7}{8} = 35000

5 0
3 years ago
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