Answer:
The correct answer is False.
Explanation:
The competitive scope can be narrow or wide. In case of narrow, this means that the company is concentrated in a single segment or niche market. In the case of large, it means that the company seeks to reach a wider market that includes various market segments.
In this case it is believed that the company is already executing its broad strategy, so it could not adapt it to a particular niche.
Answer:
Variable overhead rate variance = $ 875 favorable
Variable overhead efficiency variance = $ 4,185 favorable
Variable overhead cost variance = $5,060 Favorable
Explanation:
Standard hours = 1 hr x 2600 units = 2600 hours
Standard rate = $3.10
Actual hours = 1,250 hours
Actual rate = $2.40
Variable overhead rate variance = ( Standard Rate - Actual Rate ) x Actual Hrs
= ( $ 3.10 - $2.40 ) x 1250 Hrs
= $0.7 x 1250
=$ 875 favorable
Variable overhead efficiency variance = (Standard hours - Actual hours) x Standard Rate
= (2600 - 1250 ) x $ 3.10
= $ 4,185 favorable
Variable overhead spending variance = Variable overhead rate variance + Variable overhead efficiency variance
= $875 + $4,185
= $ 5,060 favorable
Variable overhead cost variance = Standard cost - Actual Cost
= (2600 X 3.10) - (1250 X 2.40) = 8,060 - 3000
= $5,060 Favorable
True. Most people report higher levels of personal satisfaction by giving of their time rather than giving money to a charity
.
Explanation:
Most people do report higher levels of personal satisfaction when they invest their own time and do public service instead of just donating their money for charity and never seeing what good or bad it did for the people it was supposed to go to.
This is because when people volunteer they are actually able to see the impact of their work and meet the people they want to help, not just send money for donations.
This makes them feel more fulfilled as now they can see they have made a difference.
Based on the number of bikes produced and the costs incurred, the cost per bike would be<u> $85 per bike. </u>
First find the total cost of producing all the bikes.
<h3>Total cost of production </h3>
= Direct materials + Direct labor + Factory overhead
= 6,000 + 2,000 + 9,000
= $17,000
<h3>What is the cost per Bike?</h3>
= Total cost of production / Number of bikes
= 17,000 / 200
= 85 bikes
In conclusion, it was $85 per bike.
Find out more on cost per unit at brainly.com/question/23700866.
Answer:
Oct 6 Cash 7344 Dr
Interest Revenue 144 Cr
Notes Receivable 7200 Cr
Explanation:
First we calculate the day on which notes receivable is due.
We start from July 9 as being our first day and in July there are 31 days so 31 - 8 = 23
In August there are 31 days.
In September there are 30 days.
So total days till september are 22+31+30 = 84
So the note is due to be received on October 6.
The amount of interest due is 7200 * 0.08 * 90/360 = $144
The entry to be passed on Oct 6 is a debit to cash for the amount of principal and interest (7200+144) and a credit to interest revenue of 144 and notes receivable of 7200
