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Rasek [7]
3 years ago
15

Reddy Corporation has collected the following data for the month of June: Actual total factory overhead incurred $61,150 Budgete

d fixed factory overhead costs $40,700 Activity level, in direct labor hours 14,800 Actual direct labor hours 17,800 Standard hours for output this period 16,800 Total factory overhead rate $4.30 What is the variable overhead efficiency variance
Business
1 answer:
kirza4 [7]3 years ago
4 0

Answer:

Variable overhead efficiency variance = $8,600 favorable

Explanation:

Variable overhead efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours for same multiplied by the standard variable overhead rate

Variable overhead efficiency variance is determined as follows:

                                                                                   Hours

standard hours for actual output                             16,800

Actual             hours                                                  <u>14,800</u>

Efficiency variance                                                    2,000 favorable

× standard variable OH rate                                   × <u>$4.30</u>

Variable overhead efficiency variance ($)               <u>$8,600  </u>favorable

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Answer:

The correct answer is Growth Stage.

Explanation:

In the growth phase, the product is positioned in the defined segment, and begins to be accepted by consumers. This causes sales and therefore profits to increase.

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Despite this, competition in this second stage of a product life cycle is usually not very intense. It is likely that new competitors have appeared, but these new players will try to differentiate their product and begin to build their brand positioning.

The key at this stage is to reinforce the positioning and make modifications to adapt the product to the growing demand.

5 0
3 years ago
The following data is available for Everest Company:
Lady bird [3.3K]

Answer:

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b. Average receivable = (Beginning receivables + Ending receivables) / 2 = ($156 + $160) / 2 = $158

Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days

 

c. Average Stockholder's equity =   (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525

Return on stockholder's equity =  Net income / Average stockholder's equity = $112 / $525 = 21.33%  

d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share

Price earnings ratio = Market price per share / Earnings per share = $50 / $2.43 = 20.58 times

e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share

Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%

Workings

Beginning retained earnings $346

Add: Net income                            $112

Less: Ending retained earnings   -<u>$366</u>

Dividends                                        <u>$92</u>

5 0
3 years ago
When production is characterized by opportunity costs, the resulting production possibilities frontier will be a straight line.
MatroZZZ [7]

People often produce goods. When production is characterized by opportunity costs, the resulting production possibilities frontier will be a straight line is a true statement.

<h3>What is opportunity cost in terms of production?</h3>

The opportunity cost of transporting or changing from one efficient combination of production to another that is better is simply defined as how much a specific good that is one goods is given up so that a person can get more of another kind of goods.

Opportunity cost is said to be seen when spending more money on an item.

Due to the above, when production is seen to be more of constant opportunity cost, the resulting production possibilities frontier is known to occur on a straight line.

Learn more about Production from

brainly.com/question/1501489

7 0
2 years ago
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Answer:

$726,100

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6 0
3 years ago
The fundamental limitation of a matrix structure is that it ________.
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