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Aleonysh [2.5K]
3 years ago
8

Computation of Variances and Other Missing Data The following data for O'Keefe Company pertain to the production of 300 units of

Product X during December. Selected data items are omitted. Fill in the missing amounts. Direct materials (all materials purchased were used during period) Standard cost per unit: Answer 960 pounds at $3.20 per pound Total actual cost: Answer 1,773.75 pounds costing $5,676 Standard cost allowed for units produced: $5,760 Materials price variance: $Answer 0.28 Answer Materials quantity variance: $128 U Direct labor Standard cost: 2 hours at $7.00 Actual cost per hour: $7.25 Total actual cost: $Answer 145 Labor rate variance: $Answer 0.25 Answer Labor efficiency variance: $140 U Variable overhead Standard costs: Answer 563 hours at $4.00 per direct labor hour Actual cost: $2,250 Variable overhead spending variance: $Answer 0 Answer Variable overhead efficiency variance: $Answer 0 Answer
Business
1 answer:
valkas [14]3 years ago
4 0

Answer: yes I do have you a question for me lol lol you don’t know lol I forgot you have a good day lol is a good man lol I don’t have oooop on me I just wanna know that I’m doing a little thing I

Excellent app I have had to go look for the one that you did already and you didn’t know what that mean it lol I don’t think I

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In 2020, Wimer Corporation, a service business, no longer qualifies as a small business. Thus, it must change from the cash to t
Nikolay [14]

Explanation:

Data given in the question  

Beginning account receivable = $575,000

Account payable balance = $345,000

Since the account receivable is arise from credit sales where the account payable is arisen from credit purchase  

Plus, the income is also increased by considering the account receivable balance while on the other hand, the income can be decreased if account payable is considered  

So the net effect is  

= $575,000 - $345,000

= $230,000

Since the net income comes in positive so the net income is increased

6 0
4 years ago
An industry is composed of 10 firms, all with equal sales (e.g. firm 1 sales are 10% of the market, firm 2 sales are 10% of the
Gelneren [198K]

Answer:

0.40

Explanation:

The four firm concentration ratio = 10%+ 10% + 10% + 10% = 40% =0.40

I hope my answer helps you

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4 years ago
Why is accelerated depreciation often favored for the corporation's set of tax books? It increases net accounting profits over t
Usimov [2.4K]

Answer:

It allows the depreciation tax savings to be realized earlier

Explanation:

Because the time value of money, it is better to realize the tax saving earlier than later. The accelerated depreciation generates a higher depreication expense on the first periods. Because the first periods are the more fragile of the business, this tax shield becomes substancially more useful than the tax shield on the later periods.

It is important to notice that the total depreciation expense will be the same regardless of the depreciation method. It is only the time at which this expenses are distrubtes what changes.

6 0
4 years ago
1. Hiram and Adasha both make meatloaf and bake bread. It takes Hiram three hours to bake six loaves of bread and two hours to m
mote1985 [20]

Explanation:

Help me answer this question please

8 0
2 years ago
If an economy is producing efficiently, then A. there is no way to produce more of one good without producing less of another go
lys-0071 [83]

Answer:

the correct answer is A. There is no way to produce more of one good without producing less of another good.

Explanation:

In Economy, there is two principal variables, the goods and the resources to produce that goods. The term Efficient means the best way to produce one o more goods using less resources, it means that in teory, more resources you use, more goods you produce, but the resources are limited and they are distributed proportionally to produce in the most efficient way all the goods in an economy. So in order to produce more from one good, is necessary to take resources out from another productions, and doing so, the production of the second good will be diminished.

6 0
4 years ago
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