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
const2013 [10]
3 years ago
11

n Corporation budgeted fixed manufacturing costs of $34,000 during 2020. Other information for 2020​ includes: The budgeted deno

minator level is 2,000 units. Units produced total 1,800 units. Units sold total 1,200 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold. The production−volume variance is​ ________. (Round any intermediary calculations to the nearest cent and your final answer to the nearest​ dollar.)
Business
1 answer:
Salsk061 [2.6K]3 years ago
5 0

Answer:

The answer is "\$3,400"

Explanation:

Using formula:

\text{Production Volume Variance = Budgeted O/H cost -Absorbed cost}

\text{Budgeted O/H cost} = 34000\\\\\text{O/H Rate = Bdt OH/Bdt units}\\\\

                = \frac{34000}{2000}\\\\= \frac{34}{2} \\\\ =  17

\text{Absorbed cost }= 1800\  units \times 17 \ = 30,600\\\\Variance = 34,000 -30,600 = 3,400

You might be interested in
When supply goes down and/or consumer demand goes up, what usually happens to the price?
Mashcka [7]

demand decreases, and supply increases. This is easy, the price will drop for sure, but if supply curve shifts right a lot more than the demand curve shifts left, then the new equilibrium point will mean more quantity is supplied at a much lower price. demand increases, and supply decreases.

6 0
4 years ago
Read 2 more answers
Excel Memory Company can sell all units of computer memory X and Y that it can produce, but it has limited production capacity.
DanielleElmas [232]

Answer:

                                                   Product X                 Product Y

Contribution Margin per                $10                            $12

Production Hour

Explanation:

The hours used in the product X and product Y is computed as:

                                                    Product X                 Product Y

Units produce in per hour                 2                                3

Hours used per units                  1/2 = 0.5                    1/3 = 0.333

The contribution margin per production hours is calculated as, divide the contribution margin by hours as shown below:

                                                     Product X                Product Y

Contribution margin                           $5                            $4

Hours used                                         0.5                         0.333

Contribution margin per              5/0.5 = 10               4/0.333 = 12

Production Hour

3 0
3 years ago
The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that th
Anni [7]

Answer:

A

Automatic stabilizers

Explanation:

These are necessary adjustments that are dependent on the state of the economy at particular times. An expanding economy is an economy in growth, there is a general feeling of stability and there is the mobility of funds around. Due to the presence and indication of growth, there is an increase in the amount of profits or gains made by the economy in general. Hence, government can decide to task more through tax.

However, in periods when there are indicators of an ailing economy, there should be a downward review of tax and the economy is weak at this state. Using the old taxing scheme during the good economy for now would result in an outcome that might further hurt business owners and push the economy more downwards.

Automatic stabilizers are just the mechanism through which the taxation at different times is adjusted

5 0
4 years ago
When a diamond is more expensive than a glass of water is also known as:
ludmilkaskok [199]
B I think is the answer
8 0
3 years ago
Help me answer the questions below..
kiruha [24]

Answer:

Florida's natural is best priced per ounce

The next part is what you would prefer. I like me some Tropicana. Mainly because it's easy to come by. The price is fair, and the brand is pretty good.

5 0
3 years ago
Read 2 more answers
Other questions:
  • Wexell Framing's cost formula for its supplies cost is $1,230 per month plus $10 per frame. For the month of October, the compan
    9·1 answer
  • ________ are cooperative arrangements between two firms in which they agree to share resources to accomplish mutually desirable
    8·1 answer
  • Nutrimax, a sports foods manufacturer, has recently expanded its operations to different countries. the company has realized tha
    12·1 answer
  • James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membershi
    9·1 answer
  • Your coin collection contains 59,1952 silver dollars. If your grandparents purchased them for their face value when they were ne
    8·1 answer
  • During March, the production department of a process operations system completed and transferred to finished goods 23,000 units
    14·1 answer
  • In the real world, dividends Group of answer choicesare usually more stable than earnings. fluctuate more widely than earnings.
    11·1 answer
  • During the depression or recession which of the following is most likely to happen to interest rates
    10·1 answer
  • Roles of competition policy authorities in south Africa​
    11·1 answer
  • Within a ________________________ economy, we often see both producers and consumers responding to the incentive of price change
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!