<span>asset turnover ratio is the ratio of the value of a company's sales or revenues generated relative to the value of its assets. The Asset Turnover ratio can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue.
Given that the sales is 60k and the value of the asset is 370k, the ratio is simply the sales / value of assets which is 60/(370-88).</span>
Answer:
Explanation:
Number of completed barrels = 216 + (244-216)*60%
= 233 barrels
Cost per barrel = (3245+3230)/233 = 27.8
Cost of oil shipped in pipeline = 216 * 27.8= 6003 millions
Cost of work in process ending inventory = (244-216)*60% * 27.8
= 467.04 million
Answer and Explanation:
The preparation of production budget is shown below:-
Weightless Inc
Production Budget
For the month ending October 31
Units Bath Scale Units Gym Scale
Expected Units to
be sold 150,000 90,000
Desired Inventory,
October 31 12,500 8,000
Total 162,500 98,000
Less: Estimated Inventory,
October 1 -18,000 -10,000
Total Units to be
produced 144,500 88,000
Answer:
a. -$783 Unfavorable
b. 550 Favorable
Explanation:
a. The computation of Variable Overhead Rate Variance is shown below:-
Variable Overhead Rate Variance = Actual hours × (Standard Variable Overhead rate per hour - Actual Variable Overhead rate per hour)
= 8,700 × ($4.10 - ($36,540 ÷ 8,700)
= 8,700 × ($4.10 - $4.19)
= 8,700 × -$0.09
= -$783 Unfavorable
b. The computation of Variable Overhead Efficiency Variance is shown below:-
Variable Overhead Efficiency Variance = Standard Variable Overhead Rate per Hour × (Standard Hours for Actual Production - Actual Hours)
= 5.5 × ((5.5 × 1,600) - 8,700)
= 5.5 × (8,800 - 8,700)
= 5.5 × 100
= 550 Favorable
<span>The tax revenues and
quantities produced compare in these various cases in a way of the said
proportional tax. The proportional tax is a type of tax processes and
system that need the percentage of equal value and it came from the people who
pay tax.</span>
