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RSB [31]
3 years ago
6

Claymore Corp. has the following information about its standards and production activity for September. The volume variance is:

________
Actual total factory overhead incurred $32,710
Standard factory overhead:
Variable overhead $4.70 per unit produced
Fixed overhead ($12,250/4,900 estimated units to be produced) $2.50 per unit
Actual units produced 3,800 units
Business
1 answer:
Serhud [2]3 years ago
7 0

Answer: $2,200 Unfavorable

Explanation:

Volume variance is the difference between actual and budgeted output so can be calculated by;

= (Budgeted output - Actual output) * overhead rate

= (4,900 - 3,800) * 2

= $2,200 Unfavorable

<em>Unfavorable because they produced less than the budget indicated that they would. </em>

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During January, Ajax Co. Incurs 1,850 hours of direct labor at an hourly cost of $11.80 in producing 1,000 units of its finished
Brums [2.3K]

Answer:

Std rate per hour: 11.00    

Std hours = 1000*2 =2000    

Actual hours = 1850      

Actual rate = 11.80

   

Labor cost variance = Std cost - Actual cost    

Labor cost variance  = (2000*11) - (1850*11.80)

Labor cost variance = 170 Unfavorable

Labor rate variance = Actual hrs (Std rate - Actual rate)  

Labor rate variance = 1850 *(11-11.80)

Labor rate variance = 1480 Unfavorable

Labor qty variance = Std rate (Std hrs-Actual hrs)  

Labor qty variance = 11 (2000-1850)

Labor qty variance = 1650 Favorable.

5 0
3 years ago
Which of the following statements is CORRECT?
rusak2 [61]

Answer:

D. The constant growth model cannot be used for a zero growth stock, where the dividend is expected to remain constant over time.

Explanation:

So, we evaluate each option.

a. We discount the dividends by the required rate of return. So incorrect.

b. The dividend yield is annual dividend per share divided by stick price per share. the 5% is the growth in dividend and not the actual dividend itself. So, incorrect.

c. The constant growth is appropriate for companies whose dividend patterns are stable. Startups have multiple stage growths and this option becomes incorrect as constant growth is not applicable.

d. A zero growth stock is one where dividend remains the same. So when there is no growth in dividend, the constant growth model becomes inapplicable. So, the statement is correct.

So, here we have our correct statement and all others are incorrect.

6 0
3 years ago
Anderson Consulting leased machinery from Red Inc. on July 1, 2018. The lease was recorded as a finance lease. The present value
Ray Of Light [21]

Answer:

The debit to lease payable on July 1, 2019 will be $ 670,741.31

Explanation:

According to the details, the present value lease payable as on July 1, 2018 is= $ 718,000

Also, the annual lease payments is = $ 102,641

With these details we are able to calculate the debit to lease payable on 2019, and the calculation is as follows

= ($ 718,000-  $ 102,641) + 9% ( $ 718,000 - $ 102,641)

= $ 615,359 + $55382,31

= $ 670,741 July 1, 2019 debit to lease payable

7 0
3 years ago
What is the primary difference between income and​ wealth? A. Income is earned by​ households; wealth is gained by inheritance.
BlackZzzverrR [31]

Answer: the correct ianswer is B. Income is a flow variable; wealth is a stock variable.

Explanation:

A stock is measured at one specific time, and represents a quantity existing at that point in time (say, December 31, 2004), which may have accumulated in the past. A flow variable is measured over an interval of time. Therefore, a flow would be measured per unit of time (say a year).

4 0
3 years ago
Recently many large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Fe
xenn [34]

Answer:

A. True

Explanation:

Large commercial and retail banks have been choosing to increase the amount of excess reserves they hold in the Federal Reserve, and this has caused an increase in the money multiplier and the money supply.

This is true as an increase in the Federal reserves would lead to increased room for loan and lending facilities which would also help increase the money supply of the populace.

6 0
3 years ago
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