Answer:
b.$52,000 F and $12,000 U.
Explanation:
The computation is shown below:
Variable overhead spending variance
= (Standard variable overhead Rate × Actual Hour) - (Actual Rate × Actual Hour)
= ($6 × 32,000 hours) - ($140,000)
= $192,000 - $140,000
= $52,000 favorable
The (Actual Rate × Actual Hour) is also known as Actual variable overhead
Variable overhead efficiency variance
= (Standard Rate × Standard Hour) - (Standard Rate × Actual Hour)
= ($6 × 0.75 × 40,000 hours) - ($6 × 32,000 hours)
= $180,000 - $192,000
= $12,000 unfavorable
Answer:
The correct answer is letter "D": average; variability.
Explanation:
The Monte Carlo Simulation is a method of probability analysis done by running several variables through a model to determine different outcomes. By using Monte Carlo's simulation decision-makers can determine the range of possibilities and their probability of occurrence for any choice of action. In other words, it allows us to make decision recommendations for inputs that involve the outputs on <em>average </em>but also in <em>variability</em>.
Answer:
Marginal Revenue Product=150
Marginal Resource Cost= 100
Explanation:
Marginal revenue product (MRP) is the change in total revenue that results from a unit change of some type of variable input.
Marginal Revenue Product= Revenue Change
/Additional Input
Marginal resource cost (MRC) is the change in total cost that results from a unit change of some type of variable input.
Marginal Resource Cost= Cost Change
/Additional Input
In this situation we must calculate the change of revenues (MRP) and cost (MRC) when we add a new vehicle.
We are increasing our delivery fleet in 1 unit
First calculate the change in total revenue
Total revenue= 1,500 packages * $0.10 in revenue=150
Marginal Revenue Product=$150/1=150
The Cost change is $100,
so Marginal Resource Cost= $100/1=100
Answer:
Fixed costs = $18,820
Explanation:
Data provided in the question:
Volume of production = 27,000 units
Variable costs = $0.60 per unit
Number of units sold = 20,300
The total cost of production = $31,000
Now,
The total cost of production = Fixed cost + Total variable cost
or
Fixed costs = Total Production Costs - Total variable costs
also,
Total Variable cost = Variable cost per unit × Volume of production
or
= $0.60 × 20,300
= $12,180
Therefore,
⇒ Fixed costs = $31,000 - $12,180
or
Fixed costs = $18,820
Answer:
C. Recording Income.
Explanation:
The first step to prepare a cash flow statement is to show the Net Income of that company. It is an operating cash flow activities, one of three activities of cash flow statement.
Answer Choice A can not be the answer as the company cannot record any goals in cash flow because cash flow is a statement of cash inflow and outflow.
Answer choice B cannot be the answer as expenses are not shown in the cash flow statement either (If indirect method). However, after adjusting prepaid and advance or paid to suppliers are shown below the noncash account.
Answer choice D is not an option as tax information can be shown only if they are accrued or prepaid.
Therefore, C is the correct answer.