1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nuetrik [128]
2 years ago
8

Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours

allowed for the actual output of the period. Data concerning the most recent year appear below:
Total budgeted fixed overhead cost for the year $530,400
Actual fixed overhead cost for the year $521,000
Budgeted standard direct labor-hours (denominator level of activity) 68,000
Actual direct labor-hours 69,000
Standard direct labor-hours allowed for the actual output 66,000
Required:
1. Compute the fixed portion of the predetermined overhead rate for the year.
2. Compute the fixed overhead budget variance and volume variance.
Business
1 answer:
marysya [2.9K]2 years ago
3 0

Answer:

See below

Explanation:

1. Predetermined overhead rate

= Total fixed overhead cost for the year / Budgeted standard direct labor hour

Predetermined overhead rate = $530,400 / 68,000

Predetermined overhead rate

= $7.8 per direct labor hour

2. i. Fixed overhead budget variance

= Actual fixed overhead - Budgeted fixed overhead

= $521,000 - $530,400

= $9,400 favourable

ii Fixed overhead volume variance

= Budgeter fixed overhead - Fixed overhead applied to work in process

= $530,400 - (66,000 × $7.8)

= $530,000 - $514,800

= $15,200 unfavorable

You might be interested in
Which of the following are true?
igor_vitrenko [27]

Answer:

  • A. The data in D3 is skewed right.
  • B. Three quarters of the data values for D2 are greater than the median value for D1 .
  • E. At least a quarter of the data values for D3 are less than the median value for D2 .

Explanation:

A Box Plot can be interpreted as follows;

The first point on the line is the minimum value.

The first end of the box is the First Quartile of the data range.

The next line is the Median.

The last end of the box is the Third Quartile.

The last point on the line is the maximum value.

Most of D3 lies on the right side of Median so it is skewed right.

The First Quartile of D2 is more than the Median of D1 which means that 3 quarters of D2 (first quartile to the maximum value) are greater than the median of D1.

D2's Median value is greater than the Third Quartile of D3 which means that more than just a quarter of D3 falls below D2's Median so option E is correct.

4 0
3 years ago
When sending workplace e-mails, it is important to
ikadub [295]
I'd say choice A is the most important because you want to seem like a good, responsible employee
8 0
3 years ago
One of the three chief sources for dissatisfaction in the workplace is
kicyunya [14]
The lack of opportunity ti be one's boss
5 0
3 years ago
The Boxwood Company sells blankets for $ 32.00 each. The following was taken from the inventory records during May. The company
nika2105 [10]

Answer:

(C) $94.00

Explanation:

The computation of the cost of goods sold for the sale of May 20 is shown below:

= Remaining units × cost price + remaining units × cost price

= 4 units × $15 + 2 units × $17

= $60 + $34

= $94

The 4 units come from May 1 and May 10 i.e 9 units - 5 units = 4 units

And on May 20, the 6 units were sold out of which 4 units were sold at price of $15 and rest 2 units were sold at a price of $17

8 0
3 years ago
Nicki paid $900 for a camera that she thought was worth $1100 for all the features included in it. for the consumer electronics
FinnZ [79.3K]

Consumer surplus is difference between the amount that consumers are willing and able to pay for a good or service

In this case, Nicki is willing to pay $1,100 for the camera, but she is only asked to pay 900. So Nicki has a consumer surplus of $200

7 0
3 years ago
Other questions:
  • Decide which account is best for each person. Becky wants an account that will let her spend her money as much and as often as s
    12·2 answers
  • Emergency room health care tends to have a demand curve that is very steeply sloped, while elective surgery does not. Why? Also,
    15·1 answer
  • The management of a telecommunications company informs the members of its sales team that if they continue to underperform, the
    12·1 answer
  • ____ occurs when methods excessively depend on each other and makes programs more prone to errors.
    11·2 answers
  • If a company hires too many employees and discovers later that it can't afford them, it may have to do what?
    7·2 answers
  • What could go wrong?
    9·1 answer
  • The local community bus service, which is a monopoly, charges $2.00 for a one-way fare. The city council is thinking of raising
    6·1 answer
  • The duty of a broker-dealer firm and its individual brokers to ensure that investment recommendations made to customers are suit
    14·1 answer
  • One of the goals of value-based marketing is a. to sell to all consumers, regardless of their needs. b. to provide the greatest
    14·1 answer
  • The money supply is: multiple choice question. a vertical line at $100 billion. a horizontal line at $100 billion. a downsloping
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!