Answer:
1. $44
2.$36
Explanation:
Absorption Costing
Include all manufacturing costs, both variable and fixed in product cost.
<u>Product Cost </u>
Direct materials $13
Direct labor $19
Variable overhead $4
Fixed overhead $8
Total $44
Variable Costing
Include only the variable manufacturing cost in product costing.
<u>Product Cost </u>
Direct materials $13
Direct labor $19
Variable overhead $4
Total $36
Answer:
$32,600
Explanation:
Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard
Using this formula
Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)
Let plug in the formula
Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)
Itemized deduction=($21,000+$11,600)
Itemized deduction=$32,600
Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600
Answer:
The correct answer is option c.
Explanation:
In the production process, inputs such as raw materials, labor, machine, tolls, etc, are used to produce outputs. Among these factors, some are variable or can be changed in the short run while others are fixed or cannot be changed.
The cost incurred on the variable factors is called variable cost. It changes with the change in output level.
Among all the costs given above, the monthly wage payments to labor is a variable cost. It can be changed in the short run by changing the quantity of labor employed.
The rest of the costs such as property tax payments, insurance and, rent payments are fixed an do not change with the output level.
Answer:
$56,000 Favorable
Explanation:
The computation of the flexible-budget amount for variable manufacturing overhead is shown below
The Budgeted machine hours per unit os
= 24,000 ÷ 8,000
= 3
The Budgeted machine hours allowed for 8,500 units is
= 8,500 × 3
= 25,500
Now the Budgeted variable overhead rate per machine hour is
= $288,000 ÷ 24,000
= $12.00
Now
Flexible-budget amount is
= 25,500 × $12.00
= $306,000
So, the Flexible-budget variance is
= $250,000 - $306,000
= $56,000 Favorable
B YOU CAN ONLY CONTRIBUTE UP TO MAXIUM AMOUNT PER YEAR