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svlad2 [7]
3 years ago
10

Approach Company, which applies overhead to production on the basis of machine hours, reported the following data for the period

just ended: Actual units produced: 14,800 Actual fixed overhead incurred: $791,000 Standard fixed overhead rate: $13 per hour Budgeted fixed overhead: $780,000 Planned level of machine-hour activity: 60,000 If Approach estimates four hours to manufacture a completed unit, the company's fixed-overhead volume variance would be: Multiple Choice $10,400 negative. $10,400 positive. $11,000 negative. $11,000 positive. None of the answers is correct.
Business
1 answer:
FinnZ [79.3K]3 years ago
4 0

Answer:

$11,000 unfavorable

Explanation:

Calculation to determine the company's fixed-overhead volume variance would be:

Actual fixed overhead incurred ($791,000)

Less Budgeted fixed overhead ($780,000)

Fixed-overhead volume variance $11,000 unfavorable

Therefore the company's fixed-overhead volume variance would be: $11,000 unfavorable

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Factors of production, such as physical capital, human capital, and technological knowledge, are crucial to economic growth. The
joja [24]

Answer:

A. Competitive and open markets.

C. A dependable legal system.

D. Political stability.

Explanation:

A Competitive and open Market ensures that people have enough incentives to invest in the development of factors of production because it rewards that investment with a healthy return. In a Competitive market, unfair competition will not be present therefore people will get equal opportunities to make returns.

A dependable Legal System and Political Stability go hand in hand to ensure that investors will have enough faith in the system to want to invest in Factors of Production. If a country is stable politically and abides by the rule of law, an investor will be assured that when they invest, these investments will be protected by the powers that be and their returns will not be impacted by political upheavals and breaches of contract that cannot be rectified.

4 0
3 years ago
The mode of transportation that results in the lowest transportation cost will also lower total costs for a supply chain.
tangare [24]

Answer: False

Explanation:

Transportation is the movement of individuals or goods from one place to another. Supply chain are the steps that are involved before a product will finally get to the consumer.

It should be noted that the mode of transportation that results in the lowest transportation cost will not necessarily lower total costs for a supply chain. This I because transportation isn't the only process involved on supply chain.

7 0
3 years ago
Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is ______.
butalik [34]

Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.

<h3>What is gross profit?</h3>

Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.

Explanation:-  Gross Profit = (Net Sales – Cost of Goods Sold)

                       = ($50,000- $30,000)

                        = $20,000

Hence, the gross profit of the Blog Inc., would be $20,000.

Learn more about the gross profit here:-

brainly.com/question/18567528

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3 0
2 years ago
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Annette [7]

Using transitions helps to guide your audience effectively in a presentation. To introduce your next topic of discussion, you can’t just simply switch. You need transitions to “transition” from one topic to another smoothly.

6 0
4 years ago
You're serving on a marketing team for an online client, and you've been asked to create a list of key performance indicators (K
Viefleur [7K]

Answer:

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Also such key performance must revolve round the budget planning of the team

Explanation:

6 0
3 years ago
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