Answer:
$6,400 U
Explanation:
With regards to the above information, we would calculate first the earned value.
Earned value
= Actual activity × Budgeted value
= $27,500 × 6
= $165,000
Now, we would compute the cost variance.
Cost variance
= Earned value - Actual blue
= $165,000 - $171,400
= $6,400 U
Here, we have an unfavourable variance because the company incurred more of the cost than it should be .
Answer:
b. $490,000
Explanation:
Total cost refers to the summation of all costs that is expended during production processes of certain products, which is made up of prime cost, overhead cost, etc.
Total cost = Prime cost + Overhead cost
Where,
Overhead cost = Setup [1,000 × $75 per setup] $75,000 + Machine hours [1,900 × $50 per machine hour] $95,000
Overhead cost = $170,000
Prime cost = $320,000
Therefore,
Total cost = $320,000 + $170,000
Total cost = $49,000
Answer:
Allocated administrative cost for mixing is $81000
And allocated administrative cost for for bottling is $81000
Explanation:
We have given total number of employs for mixing = 350
And total number of employs for bottling = 350
Administrative cost = $162000
So total number of employs = 350+350 = 700
So allocation base for mixing 
So allocated amount for mixing = 0.5×$162000 = $81000
Allocation base for bottling =
So allocated amount for bottling = 0.5×$162000 = $81000
<span>Credit card has slightly lower interest rate.
Let's take a look at both interest rates for 1 year and see what costs more. First, the credit card at 17% apr compounded monthly.
Each month, 17%/12 interest will be taken. The total interest over the year will be
(1 + 0.17/12)^12 = 1.183891728 times the original debt.
Now let's look at the loan from the parents. Over 1 year, you'll be accumulating 2 interest payments. The formula for the year will be
(1 + 0.09)^2 = 1.1881
Comparing the overall rate between the credit card and the parents, the credit card is slightly lower than the parents.</span>
