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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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3 years ago
If during the year the portfolio manager sells all of the holdings of stock D and replaces it with 150,000 shares of stock E at
eimsori [14]

Answer:

The correct answer is 30.10%.

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= $6,300,000 + $10,850,000 + $4,100,000 + $9,150,000

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