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katrin [286]
3 years ago
5

Priority Company, which applies overhead to production on the basis of machine hours, reported the following data for the period

just ended: Actual units produced: 9,000 Actual variable overhead incurred: $54,400 Actual machine hours worked: 16,000 Standard variable overhead cost per machine hour: $3.50 If Priority estimates two hours to manufacture a completed unit, the company's variable-overhead efficiency variance is: Multiple Choice None of the answers is correct. $1,600 unfavorable. $7,000 favorable. $7,000 unfavorable. $1,600 favorable.
Business
1 answer:
White raven [17]3 years ago
4 0

Answer:

Variable overhead efficiency variance= $7,000 favorable

Explanation:

<u>To calculate the variable overhead efficiency variance, we need to use the following formula:</u>

<u />

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 9,000*2= 18,000 hours

Actual quantity= 16,000 hours

Standard rate= $3.5 per hour

Variable overhead efficiency variance= (18,000 - 16,000)*3.5

Variable overhead efficiency variance= $7,000 favorable

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Machinery was purchased for $340,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundat
Aleonysh [2.5K]

Answer:

$66,800

Explanation:

Depreciation is used in expensing the cost of an asset

Depreciation reduces the value of an asset

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Cost = $340,000. + $14,000 + $40,000 = $394,000

($394,000 - $60,000) / 5 = $66,800

4 0
3 years ago
Which activity in the maintenance phase requires that a formal process be established whereby users can submit system change req
gogolik [260]

Obtaining maintenance requests is the activity that requires establishing a formal process for users to submit system change requests.

<h3 /><h3>What is an automation system?</h3>

It corresponds to the use of mechanical and computerized techniques to produce, command and control an optimized process, fast and based on total quality.

Therefore, automation systems help organizations process a large volume of data to generate relevant information for decision making.

Find out more about automation system here:

brainly.com/question/25756025

#SPJ1

8 0
2 years ago
You want to have $5 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is
motikmotik

Answer: $18,128.27

Explanation:

Real interest rate = [( 1 + Nominal rate ) / ( 1 + inflation rate)] - 1

= [(1 + 13%) / ( 1 + 4.4%) ] - 1

= 8.2375478927203065134%

This is dealing with the future value of an annuity where $5,000,000 is that future value.

Future Value of an annuity = Amount * {[((1 + r )^n) - 1] / r}

5,000,000 = Amount * {[((1 + 8.2375478927203065134%% )^ 40) - 1] / 8.2375478927203065134%}

5,000,000 = Amount * 275.81229325572622843153903061969

Amount = 5,000,000/275.81229325572622843153903061969

= $18,128.27

7 0
3 years ago
The distinction between physical and financial capital is that
tatyana61 [14]
The assets that a company has can be divided into two broad categories which are financial and physical capital. Physical capital refers to the tangible assets that the company possesses such as equipment, inventory, factories, etc which are used for the production of goods and services by the company.
Financial capital refers to the legal ownership of all the physical capital and the monetary value of all the assets that can be liquidated for cash. Examples of financial capital include: shares of stocks, cash in hand, landed properties, etc.  
8 0
3 years ago
If each of two competing monopolists undertakes equally successful advertising efforts to attract consumers away from the other,
klasskru [66]

Answer:

C. They will simply neutralize one another's effort.

Explanation:

Neutralizing each others efforts is one of the market effects that happens when two monopolist tend to take same advertising effort; and this plays out to their disadvantage.

Another disadvantage in monopolistic competition is that companies in order to differentiate their products from other companies add irrelevant features and do not concentrate on improving the basic product which in turn results in consumers paying extra for added features but in reality that feature of product does not result in increase in consumer surplus.

8 0
4 years ago
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