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Musya8 [376]
3 years ago
11

Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period

just ended: Actual units produced: 12,000 Actual variable overhead incurred: $77,700 Actual machine hours worked: 18,800 Standard variable overhead cost per machine hour: $4.50 If Orlando estimates 1.5 hours to manufacture a completed unit, the company's variable-overhead spending variance is:
Business
1 answer:
astraxan [27]3 years ago
6 0

Answer:

$37,600 favorable

Explanation:

Variable overhead spending variance can be computed as;

= (Actual hours worked × Actual variable overhead rate) - ( Actual hours worked - Standard variable overhead rate)

= ( 18,800 hours × $77,700/12,000) - (18,800 hours × $4.5)

= [(18,800 × $6.5) - (18,800 × $4.5)]

= $122,200 - $84,600

= $37,600 favorable

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describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. which sho
bogdanovich [222]

A company in monopolistic opposition produces an allocatively green output degree even as a company in best opposition produces a productively green output degree.

The long-run equilibrium answer in monopolistic opposition usually produces 0 monetary income at a factor to the left of the minimal of the common overall value curve. The life of excessive limitations to access prevents corporations from coming into the marketplace even withinside the long run.  

Therefore, it's far viable for the monopolist to keep away from opposition and hold making tremendous monetary income withinside the long run. One feature of a monopolist is that it's far a income maximizer. Since there's no opposition in a monopolistic marketplace, a monopolist can manage the charge and the amount demanded. The degree of output that maximizes a monopoly's income is calculated through equating its marginal value to its marginal revenue.

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8 0
2 years ago
A store offers two payment plans. Under the installment plan, you pay 25% down and 25% of the purchase price in each of the next
aev [14]

Answer:

a-1. The present value of Plan 1 = $93.08

a-2. The deal 2 which involves paying immediately adn taking the 10% discount is better.

Explanation:

a-1.

The interest rate of 5% is taken as the discount rate to convert future cash flows into the present value.

The First payment plan with installments has a present value of,

Present Value-Plan 1 = 25 + 25/1.05 + 25/1.05² + 25/1.05³ = $93.08

a-2.

The first plan will cost $93.08 in the present value.

The second plan will involve immediate payment and a discount of 10%vwhch makes the present value of plan 2 as $90 (100 - (100*0.1)).

Thus, the second deal or deal involving immediate payment and taking the discount is better.

6 0
3 years ago
The term _____ refers to a business's obligation to maximize its positive impact and minimize its negative impact on society.
lilavasa [31]

The term Social responsibility refers to a business's obligation to

maximize its positive impact and minimize its negative impact on society.

<h3>What is the role of social responsibility in Business?</h3>

  • Social responsibility means that businesses, in addition to maximizing shareholder value, must act in a manner benefiting society, not just the bottom line.
  • Social responsibility has become increasingly important to investors and consumers who seek investments that not only are profitable but also contribute to the welfare of society and the environment.
  • While critics have traditionally argued that the basic nature of business does not consider society as a stakeholder, younger generations are embracing social responsibility and driving change.

<h3>Extra keywords for social responsibility:</h3>
  • Social responsibility means that besides maximizing shareholder value, businesses should operate in a way that benefits society.
  • Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.
  • Companies can act responsibly in many ways, such as by promoting volunteering, making changes that benefit the environment, engaging in ethical labor practices, and engaging in charitable giving.
  • Consumers are more actively looking to buy goods and services from socially responsible companies, hence impacting their profitability.
  • Critics assert that practicing social responsibility is the opposite of why businesses exist.

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6 0
2 years ago
Wen Co. purchased a building for $200,000. Wen paid $20,000 in lawyer and title fees. Wen also paid an additional $15,000 to mod
Oksi-84 [34.3K]

Answer:

Cost of the building = $235000

Explanation:

Given  below are the following informations:

Purchased building = $200000

Title fees = $20000

Building modification = $15000

Cost of the building = Purchase price + title fees + modification expense

Cost of the building = 200000 + 20000 + 15000

Cost of the building = $235000

3 0
3 years ago
If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on the:
xz_007 [3.2K]

Answer:

If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on: The last day of the current taxable year.

3 0
3 years ago
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