<u>Explanation:</u>
1. Calculation of labor spending variance for the month of march
Labor spending variance = (Actual rate x actual hours)- (Standard rate x Standard hours)
=(13 x 63000) - (12 x (26000 x 3))
=-1,38,600
Labor spending variance for the month of March is $138600
2.Calculation of variable manufacturing overhead planning cost
Variable manufacturing overhead planning cost= (Planning budget units x required hours x cost per hour)
=(21000 x 3 x7)
=441,000
Variable manufacturing overhead planning cost is $441,000
3. Calculation of Variable manufacturing overhead cost
Variable manufacturing overhead cost= (Actual units x required hours x cost per hour)
=(26600 x 3 x7)
=$558,600
Variable manufacturing overhead cost is $558,600
4. Calculation of Variable overhead rate variance
Variable overhead rate variance= Actual hours ( actual rate - standard rate)
=63000((510930/63000)-8)
=63000(8.11-8)
=63000(0.11)
=6930
Variable overhead rate variance is =6930
Answer:
$1900 million
Explanation:
The formula for GDP :
Y(GDP)= Investment spending + Consumer expenditure + Government expenditure + Imports - Exports
if we input the numbers from our example we can find out the calculation of GDP as so:
GDP = $500 million + $1000 million + $500 million - $100 million
∴ GDP = $1900 million
Answer:
The length of the shorter piece is 11 in
and the longer piece = 17 in
Explanation:
Given:
Total length of the chain = 42 in
When cut in three equal piece the length of each piece = = 14 in
Therefore, The length of the first piece = 14 in
Let the length of the shorter piece be 'x' in
Thus,
Length of the longer piece will be = x + 6 in
also,
14 + x + x + 6 = 42 in
or
20 + 2x = 42 in
or
2x = 22 in
or
x = 11 in
Hence,
The length of the shorter piece is 11 in
and the longer piece is 11 + 6 = 17 in
Answer:
Option C
Explanation:
The journal entry to write-off underapplied overhead is shown below:
Applied Manufacturing Overhead xxx
To Work-In-Process Inventory xxx
To Finished Goods Inventory xxx
To Cost of Goods Sold xxx
To Manufacturing Overhead Control xxx
(Being the underapplied overhead written off is recorded)
The work in process inventory, finished goods inventory, and the cost of goods sold would be written off based on the overhead applied.
When a team is doing multitasking meaning one member of the team is doing multiple task that he or she can do. so the resource availability of the project team personnel will be confused especially if the task are not properly documented