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nirvana33 [79]
3 years ago
8

Strongheart Enterprises anticipated selling 27,000 units of a major product and paying sales commissions of $6 per unit. Actual

sales and sales commissions totaled 27,500 units and $171,400, respectively. If the company used a flexible budget for performance evaluations, Strongheart would report a cost variance of: Multiple Choice $6,400U. $6,400F. $9,400U. None of the answers is correct. $9,400F.
Business
1 answer:
frozen [14]3 years ago
7 0

Answer:

$6,400 U

Explanation:

With regards to the above information, we would calculate first the earned value.

Earned value

= Actual activity × Budgeted value

= $27,500 × 6

= $165,000

Now, we would compute the cost variance.

Cost variance

= Earned value - Actual blue

= $165,000 - $171,400

= $6,400 U

Here, we have an unfavourable variance because the company incurred more of the cost than it should be .

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Standards are set by a.manufacturing engineers. b.accountants. c.other management personnel. d.All of these choices are correct
andrew11 [14]

Answer: d.All of these choices are correct.

Explanation: all of the listed options all make use of standar, manufacturing engineer, accountant, and other management personnel make use of standards to estimate the acceptable production efficiency. Standards are also set by this personnel’s to motivate employees so as to achieve efficient operations and use of man power.

8 0
3 years ago
You own one futures contract on gold that you purchased at a quoted price of 1,448.5. The current price quote is 1,405.5. The co
Inessa [10]

Answer:

d. -$4,300.00

Explanation:

Calculation for What is your current profit or loss on this investment

Using this formula

Current profit or loss = Contract size*(Current price quote-Quoted price )

Let plug in the formula

Current profit or loss = 100 *($1,405.5-$1,448.5)

Current profit or loss = 100 *-$43

Current loss = -$4,300.00

Therefore your current loss on this investment will be -$4,300.00

6 0
2 years ago
Stanley likes using fountain pens. When he came across a new series of fountain pens manufactured by Dilloit Pens, he eagerly bo
satela [25.4K]

Answer: (C) Perceived value

Explanation:

 The perceived value is the term which is basically refers to the marketing terminology in which the users or the consumers evaluates the products and the services ability so that it meets their specific requirement and the needs.

According to the question, Stanley is basically purchasing the pen based on the perceived value based on his expectations. It is also helps in analyzing the actual quality of the given products by comparing with the other brands.

  Therefore, Perceived value is the correct answer.

6 0
3 years ago
A company has a net sales of 847000 and cost of goods sold of 561500. Its net income is 101200. The company's gross margin and o
SVETLANKA909090 [29]

Answer:

Gross profit margin =  33.7%

Operating expenses = $184,300

Explanation:

The gross margin is the percentage of sales value is earned as gross profit.

Gross profit   =  Sales - cost of goods sold

                           =847,000 -561,500 =$285,500

<em>Gross profit margin = (Sales - cost of goods sold)/sales ×  100</em>

                                =  (847,000 -561,500/847,000)  ×  100

                                 =  33.7%

<em>Operating expenses represent the amount of indirect cost expenditures which cannot be traced to the cost of the goods sold . This include administrative expenses like rent, insurance e.t.c</em>

<em>Operating expense = Gross profit - Net income</em>

                                = (847,000 -561,500)   -  101,200

                                = 184,300

5 0
3 years ago
A Coase solution to a problem of externality ensures that a socially efficient outcome is to internalize the externality through
ANEK [815]

Answer: Maximize joint welfare in respective or the right owner.

Explanation: A coase solution to a problem of externality insures that a socially efficient outcome is to maximize the joint welfare, irrespective of the right of ownership.

The Coase theorem states that when transaction cost are low, two parties will be able to bargain and reach an efficient outcome in the presence of an externality.

8 0
3 years ago
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