Answer:
$91 favorable
Explanation:
Variable overhead rate variance = (Standard variable overhead rate - Actual variable overhead rate) * Actual hour worked
Therefore, we have:
Variable overhead rate variance = ($8.00 - $7.90) * 910 = $91 favorable
Note: the variable overhead rate variance is said to be favorable becasue standard variable overhead rate is geater than the actual variable overhead rate.
The purchase and suppy of goods and services takes place in the product market.
Answer:
Minimum selling price is $ 37
Explanation:
Computation of minimum selling price
Direct materials per unit $ 15
Direct labour per unit - existing $ 19
Additional for modification <u>$ 3</u>
Direct Labor per unit <u>$ 22</u>
Variable cost per unit $ 37
Since the Company has sufficient idle capacity to produce the additional order, no incremental fixed manufacturing capacity is considered.
The minimum selling price should be one which covers the variable costs ( modified for labor increase)
Answer:
A. 9,000 units
Explanation:
The formula to compute the break even point is shown below:
= (Fixed cost) ÷ (Contribution margin per unit)
where,
New Fixed costs = $20,000 + $13,750 = $33,750
And, the contribution margin per unit would be
= $2.50 + $2.50 × 50%
= $2.50 + $1.25
= $3.75
Now put these values to the above formula
So, the units would be equal to
= $33,750 ÷ $3.75
= 9,000 units
The coupon rate is 4.29%.
FV = 1000
PMT = ?
N = 8
I = 5.10%
PV = -948
Inputting the above details on the calculator you can find PMT
$42.92 PMT(5.1%,8,-948,1000)
Alternatively, the PMT function in excel can also be used
Coupon Rate = 42.92/1000
= 4.29%
This gives you a coupon rate of 4.29%
Learn more about PMT here: brainly.com/question/24703884
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