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3 years ago

The difference between the actual quantity and the standard quantity, multiplied by the standard price, is the:

Business

1 answer:

miss Akunina [59]3 years ago

6 0

Answer:

the material quantity variance

Explanation:

As we know that

Material quantity variance is

= (Standard quantity - actual quantity) × standard price

This represent that the difference between the standard quantity and the actual quantity should be multiplied with the standard price is known as the material quantity variance

Therefore as per the given situation, the material quantity variance is the answer

Hence, the same is to be considered

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Single plantwide factory overhead rate Bach Instruments Inc. makes three musical instruments: flutes, clarinets, and oboes. The

aliya0001 [1]

Answer:

Bach Instruments Inc.

a. Single plantwide factory overhead rate:

= Total overhead/total labor hours = $126,480/3,720 = $34 per hour

b. Total Factory Overhead Cost

Labor Per Unit Cost Product units Total Costs

Hours (Labor hours x $34) per product

Flutes 0.4 $13.60 2,100 $28,560

Clarinets 1.5 51.00 800 40,800

Oboes 1.2 40.80 1,200 57,120

Total $126,480

Explanation:

a) Data & Calculations:

Budgeted factory overhead = $126,480

Budgeted Direct labor Total

Production Volume hours per unit Hours

Flutes 2,100 units 0.4 840

Clarinets 800 1.5 1,200

Oboes 1,400 1.2 1,680

Total hours 3,720

c) Plantwide overhead allocation per unit = $126,480/3,720 = $34

d) The plantwide overhead rate is the dividend from total overhead costs and total labor hours. This rate is applied to the products based on the number of hours used to product a unit to obtain the per unit cost rate for each product. The resulting rate is further applied to the units produced in each product type to get the total cost of overhead for each product.

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4 years ago

How is non disclosure agreement an important tool for businesses

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Because, who ever signs a non disclosure form , an employee must not disclose any info. regarding the company they work for, especially in health care...

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. Which one of the following businesses would be the most difficult to get funding for?

yawa3891 [41]

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4 years ago

Question Mode Fill in the Blank Question Fill in the blank question. The ABC Company had its highest level of production in May

Strike441 [17]

Answer:

Results are below.

Explanation:

<u>To calculate the fixed cost under the high-low method, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (110,000 - 87,500) / (4,000 - 2,500)

Variable cost per unit= $15

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 110,000 - (15*4,000)

Fixed costs= $50,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 87,500 - (2,500*15)

Fixed costs= $50,000

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3 years ago

Jason keeps a record of his transactions in a notebook. Looking over his records for the past two weeks, Jason finds that his ba

DanielleElmas [232]

The explanation to the discrepancy arising in Jason's accounts and his bank statement is "Jason transposed the digits on the microwave’s price, which actually cost $86. 74." This can be calculated by reconciling the balance of accounts and bank passbook.

<h3>What is reconciliation statement?</h3>

Reconciliation statement refers to a statement that is prepared to match the accounting balance with the balances in bank passbook. The differences arising due due omission, commission, duplication, or error of principal are given proper effect in the reconciliation to match account with the bank balances.

The answer to the given question can be justified as follows:

Given:

Ending balance as per accounts is $491.33.

Ending balance as per bank statement $473.33

Difference in ending balance is $\%491.33 - \$473.33 = \$18$

The only statement that justifies the difference of $18 is that the digits of microwave has been transposed from $86.74 to $68.74.

The difference so arising from this error is $86.74 - $68.74 i.e. $18

Hence the correct statement is D

Learn more about the topic here:

brainly.com/question/6601838

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