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
Elina [12.6K]
3 years ago
7

Point Company uses the standard costing method. The company's product normally takes 0.25 hour to produce. Normal annual capacit

y is 3,000 direct labor hours, and budgeted fixed overhead costs for the year were $6,750. During the year, the company produced and sold 8,000 units. Actual fixed overhead costs were $4,800. Compute the fixed overhead variance.
Business
1 answer:
vlabodo [156]3 years ago
4 0

Answer:

the fixed overhead variance is $1,660 (favorable)

Explanation:

The fixed overhead variance results from Fixed Overhead Expenditure (Spending) variance and Fixed Overhead Volume variance.

<em>Expenditure Variance = Actual Fixed Overheads - Budgeted Fixed Overheads</em>

                                     = $4,800 - $6,750

                                     = $1,950 (favorable)

<em>Volume Variance = Budgeted overhead at actual activity - Budgeted fixed overhead</em>

                              = ($6,750 ÷ 3,000/0.25) x 8,000 units - $4,800

                              = $300 (unfavorable)

<em>Total Variance = Expenditure Variance + Volume Variance</em>

                         = $1,950 (favorable) + $300 (unfavorable)

                         = $1,660 (favorable)

Conclusion :

the fixed overhead variance is $1,660 (favorable)

You might be interested in
The order fulfillment process involves which of the following functional areas of a​ business?
elena-14-01-66 [18.8K]

Answer:

E. Sales, accounting, and manufacturing and production.

Explanation:

Order fulfillment first takes place in the Sales department - where the Sales team makes known to the customer the products and services available. then the human resources selects talent to help with the production and manufacturing. Accounting function helps determine the cost.

4 0
3 years ago
As a foreign subsidiary matures:
Alex73 [517]

Answer: The local HR unit’s responsibilities for planning, training, and compensation broaden

Explanation:

A foreign subsidiary company is a partially or wholly owned company which is part of a larger corporation with its headquarters in another country. Such companies are incorporated under the country's law it is located.

When a foreign subsidiary grows and matures, the responsibilities of the local human resource unit for planning, compensation and training will broaden.

8 0
3 years ago
The significant event at the conclusion of each phase is called _____. Group of answer choices tasks deliverable milestone seque
PtichkaEL [24]

The significant event at the conclusion of each phase is called a milestone.

  • A milestone in your life is an important occasion. A turning point frequently ushers in a fresh chapter. For instance, your high school graduation was a significant event in your life. A roadside signpost that indicates the distance to a specific point is referred to as a milestone.
  • Birthdays celebrated at milestone ages are those extra-special ages that call for more than simply a card and cake. Important childhood milestones that typically require a sizable party and an especially thoughtful present include a first birthday and turning 13 years old.
  • A crucial moment or stage in the existence, development, or similar of a person, a country, etc. Her career reached a turning point when she was hired as a supervisor.

Thus this is the answer.

To learn more about milestone in life, refer:brainly.com/question/25605883

#SPJ4

7 0
2 years ago
Definition: This is when an owner is fully responsible for the debts and losses of a company.
lorasvet [3.4K]

Answer:

is it a manager??

Explanation:

4 0
2 years ago
Billings Company has the following information available for September 2017.
kumpel [21]

Answer:

Part a

Contribution Margin = 29.95% (2 d.p)

Part b

                             Billing Company

                 CVP Income for as at September 2017

                                                      Total                      Per Unit

                                                         $                               $

Sales                                          295704                       444

Less Variable Costs                  (138084)                      (311)

Contribution                               157620                        133

Fixed Costs                                 (59850)                     89.86

Net Income                                  97770                       43.14

Part c

Billing`s break even point is 450 units

Part d

                                    Billing Company

     CVP Income for as at September 2017 - Break Even Point

                                                      Total                      Per Unit

                                                         $                               $

Sales                                           199800                       444

Less Variable Costs                  (139950)                      (311)

Contribution                                59850                        133

Fixed Costs                                 (59850)                      133

Net Income                                       0                              0

Explanation:

Part a

Contribution Margin = Contribution/Sales × 100

Therefore contribution margin is  ($444-$311)/$444 * 100 = 29.95% (2 d.p)

Part b

Sales - Variable Cost = Contribution

Net Income  =   Contribution - Total Fixed Costs                            

Part c

Break Even Point is when Billings neither makers a profit or loss.

Break Even Point ( Units) = Total Fixed Cost/Contribution per unit

Therefore Break Even Point (Units) = $59850/$133 = 450 units

Part d

The total and unit CVP should neither reflect a profit or loss at a capacity of 450 units as this is the break even point. In this case profit = nill

7 0
3 years ago
Other questions:
  • Job dissatisfaction is more likely to translate into​ ________ when employees feel or perceive they have many available alternat
    9·1 answer
  • Oxford packing company reported net sales in november of the current year of $1,000,000. at the beginning of november, the compa
    11·1 answer
  • This type of pay is defined as added pay for employees that have reached the maximum of a pay grade and are unlikely to move int
    11·1 answer
  • Ross Electronics has one product in its ending inventory. Per unit data consist of the following: cost, $24; selling price, $40;
    11·1 answer
  • You own a stock that has an expected return of 15.72 percent and a beta of 1.33. The U.S. Treasury bill is yielding 3.82 percent
    15·1 answer
  • Deposit insurance is: private insurance by depositors to guarantee against a bank run that would affect deposits. government ins
    11·1 answer
  • A firm has fixed operating costs of $253,750, a sales price per unit of $100, and a variable cost per unit of $65. The firm's op
    5·1 answer
  • The cost of issuing new common stock is calculated the same way as the cost of raising equity capital from retained earnings. Fa
    13·1 answer
  • Find the interest earned on invested for years at ​% interest compounded as follows. a. Annually b. Semiannually​ (twice a​ year
    7·1 answer
  • Who will receive the vaccines if the university health center sells them for the $20.00 market price?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!