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slavikrds [6]
3 years ago
15

Petrus Framing's cost formula for its supplies cost is $1,840 per month plus $12 per frame. For the month of March, the company

planned for activity of 624 frames, but the actual level of activity was 631 frames. The actual supplies cost for the month was $9,650. The activity variance for supplies cost in March would be closest to:________
Business
1 answer:
adoni [48]3 years ago
6 0

Answer:

$84 unfavorable

Explanation:

The computation of the activity variance for supplies cost is shown below:

Supplies cost for the standard one is

= $1,840 + (624 frames × $12 per frame)

= $9,328

And, the supplies cost for the actual one is

= $1,840 + (631 frames × $12)

= $9,412

So the activity variance is

= $9,328 - $9,412

= $84 unfavorable

As the standard cost is less than the actual one

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The most significant difference between perfect competition and monopolistic competition is that
Arisa [49]
<span>Perfect competition, a market structure, where there are many sellers selling similar goods to the buyers. But monopolistic competition, is a market structure, where there are numerous sellers, selling close substitute goods to the buyers. Also the price in perfect competition, is determined by demand and supply forces, for the whole industry, comparing with monopolisti competition that every firm offer products to customers at its own price.</span>
7 0
3 years ago
Seasons Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion
lana66690 [7]

Answer:

SEASONS CONSTRUCTION

At the end of Dexc 31 2023

The revenue to be recognized will be = 25% * $18,600,000 =  $4.650,000

The cost to be recognized =  25% * $18,750,000 =  $4,687,500

Since percentage of completion method is being used, the revenue and cost to be recognized for the ywear 2023 will be based on the proportion of work completed in that year.

Explanation:

5 0
3 years ago
Jones and Smith live in the same apartment building. Jones loves to play his opera recordings so loudly that Smith can hear them
vovikov84 [41]

Answer:

The correct answer is letter "A": Should be.

Explanation:

From the efficiency perspective, we shall consider the relationship between the benefits and the costs. If we subtract the cost from the benefits and the result is positive, we could say that it is convenient to continue with the activities of the operations being carried out.

In that case, Jones's benefits are (100) but his cost is Smith's damages (60). Then:

100 - 60 = (+)40;

which implies Jones <em>should be</em> allowed to play his opera music.

6 0
3 years ago
Beachballs, Inc., expects abnormally high earnings for the next three years due to the forecast of unusually hot summers. After
NNADVOKAT [17]

Answer: $36.50

Explanation:

The price she will be willing to be paid according to the Dividend Discount model is calculated by finding the present value of the future dividends and the terminal value.

Dividend year 1 = 1 * (1 + 20%) = $1.20

Dividend year 2 = 1.20 * (1 + 20%) = $1.44

Dividend year 3 = 1.44 * (1 + 15%) = $1.656

Terminal value = Dividend in year 4 / (required return - growth rate)

= (1.656 * (1 + 6%)) / ( 10% - 6%)

= $43.884

Price = \frac{1.2}{(1 + 0.10)} +  \frac{1.44}{(1 + 0.10)^{2} } +  \frac{1.656}{(1 + 0.10)^{3} } +  \frac{43.884}{(1 + 0.10)^{3} }\\\\= 36.4959\\\\= 36.50

= $36.50

6 0
3 years ago
Which step in the process of measuring external transactions involves assessing the equality of total debits and total credits f
crimeas [40]

Answer:

The correct answer is Prepare a trial balance.

Explanation:

The trial or verification balance is an accounting report where the amounts of the balances of all the accounts of a company's general ledger are collected. Debit balances are listed in one column and credit balances in another column. The total of these two columns must be identical.

A company prepares a trial balance generally at the end of each reporting period, with the purpose of ensuring that the entries in a company's accounting system are mathematically correct.

6 0
4 years ago
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