Answer:
$2.4 million
Explanation:
The total assets of the firm are funded by both debt and equity,hence, the total assets is the same as total equity plus total debt based on the accounting equation formula below:
total assets=equity+debt
tota assets=$4 million
equity=unknown
debt can be derived using the debt ratio as shown thus:
debt ratio=debt/total assets
debt ratio=40%
debt=unknown
total assets=$4 million
40%=debt/$ 4 million
debt=40%*$4 million
debt=$1.6 million
$4 million=equity+$1.6 million
equity=$4 million-$1.6 million
equity =$2.4 million
Answer:
$85 per machine hour
Explanation:
Actual Budgeted
Fixed costs $50,000 $47,960
Machine hours – Assembly 1,900 1,976
Variable costs – Assembly $121,000 $120,000
since the single rate method does not distinguish between fixed or variable costs, in order to determine the cost allocation rate we must add the fixed allocation rate and the variable allocation rate:
- variable allocation rate = $120,000 / 1976 machine hours = $60.73
- fixed allocation rate = $47,960 / 1976 = $24.27
total = $60.73 + $24.27 = $85 per machine hour
Answer:
B. Flattened management hierarchies.
Explanation:
In this scenario, the line workers at a Virginia steel mill developed a new process that made the line safer. The process went through only one level of management before it was approved by the vice president of operations. Hence, this is an example of a flattened management hierarchies.
A flattened management hierarchy can be defined as an organizational structure which eliminates a middle manager and allows the employees to be involved directly with the decision-making process.
Hence, by the removal of the middle management in an organization, the flattened management hierarchy creates a direct relationship between employees and the top executives of the company; thus, giving room for innovation and actions by employees in the decision-making process.
The appropriate response is Latent Learning. It alludes to learning that exclusive turns out to be clear when a man has a motivating force to show it. Dormant learning is imperative in light of the fact that as a rule the data we have learned isn't generally conspicuous until the minute that we have to show it.
The said learning was instituted by therapist Edward Tolman amid his exploration with rats, in spite of the fact that the primary perceptions of this marvel were made before by specialist Hugh Blodgett.
Answer:
Efficiency varaince 6,000 unfavorable.
Explanation:
std hours 27,500.00 (22.000 units x 1.25 units per hour)
actual hours 28,000.00
std rate $ 12.00
difference -500.00
efficiency variance $ (6,000.00)
