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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)

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My answer -

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6 0
3 years ago
Why is the demand for most services--such as popular restaurants--extremely time-and-place dependent?
arlik [135]
The reason why the demand is extremely time-and-place dependent would be: <span>Because customers must be present for service to be delivered
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8 0
3 years ago
Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $
Ne4ueva [31]

Answer:

Average rate of return =  14 %

Explanation:

Average rate of return = Annual average return/ Average Investment

Average investment =( Initial investment + scrap value)/2

Average investment = 138,000 + 12,000/2 =75,000

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Depreciation = (initial cost - scrap value)/2= (138,000 - 12,000)/2= 12600

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Average rate of return =  14 %

6 0
3 years ago
Billy isn't sure he'll be able to rise to the challenge of pitching to a very important client at work, but his supervisor selec
lidiya [134]

Answer:

d. blind

Explanation:

The Johari window label is used to provide an explanation of the relationship between employers and employees. It gives an explanation of some psychological issues that inform the behavior of these two groups. The quadrant of the Johari window labeled <em>blind reveals what the employer knows about the employee, but the employee does not know that about himself due mostly to a lack of self-awareness.</em> This is the case between Billy and his employer who knows about his ability to pitch a deal, but which Billy is not so confident about.

The employer could help Billy overcome the problem of lack of self-awareness by encouraging him to reveal information about himself.

4 0
3 years ago
swenson Saws produces bows, frame, dovetail, and tenon saws used by craft furniture makers. During an 8-hour shift, a saw is pro
RUDIKE [14]

Answer:

Given: Total shift time = 8 hours = 8 * 60 = 480 minutes

time required for production of one saw = 6 minutes

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a) Mixed model schedule:

Mixed model schedule

Product no. per batch

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Frame Saw 1

Dovetail Saw 1

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Total 5

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b) 2 Tenon Saw, 1 bow, 1 frame, and 1 dovetail saws will be produced under production sequence for one unit production.

The length of cycle will be 5*6=30 minutes i.e. the cycle will repeat once in 30 minutes for 8 hours means totally it will repeat 16 times during one shift.

c) Number of saws Swenson produce in one shift = Number of Bow saw Swenson produce in one shift + Number of Frame saw Swenson produce in one shift + Number of Dovetail saw Swenson produce in one shift + Number of Tenon saw Swenson produce in one shift

Explanation:

7 0
2 years ago
Read 2 more answers
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