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frez [133]
3 years ago
12

Pittman Framing's cost formula for its supplies cost is $1,110 per month plus $11 per frame. For the month of November, the comp

any planned for activity of 621 frames, but the actual level of activity was 611 frames. The actual supplies cost for the month was $8,250. The spending variance for supplies cost in November would be closest to:
Business
1 answer:
Bumek [7]3 years ago
4 0

Answer:

See below

Explanation:

Spending variance for supplies = Standard cost - Actual cost

Standard cost formulae = $1,110 per month + $11 per frame

Standard cost for actual output = $1,110 + ($11 × 611)

= $1,110 + $6,721

= $7,831

But actual cost = $8,250

Therefore,

Spending variance would be

= $7,831 - $8,250

= $419 unfavourable

The spending variance for supplies cost in November is closest to $419 unfavourable

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Honest Abe's is a chain of furniture retail stores. Integral Designs is a furniture maker and a supplier to Honest Abe's. Honest
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Answer:

The discount rate is 12.46%

Explanation:

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The formula and computation of the discount rate is shown below:

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Since we have to compute the discount rate for the project that involves the manufacturing of furniture, so we have to use the Integral designs beta instead of the Honest Abe because Integral design is a furniture maker

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3 years ago
A publisher prints copies of a popular weekly tabloid for distribution and sale. The fixed costs are $500 per print run, with ea
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Answer:

500 + 0.40q

Explanation:

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Given that,

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Cost function: C(q) = Fixed cost + Variable cost

                               = 500 + (0.40 × q)

                               = 500 + 0.40q

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3 years ago
Based on the following information, what is the expected return? State of Probability of State Rate of Return if Economy of Econ
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Answer:

g

Explanation:

g

5 0
3 years ago
Resources are a. scarce for households but plentiful for economies. b. plentiful for households but scarce for economies. c. sca
GenaCL600 [577]

Answer:

c. scarce for households and scarce for economies.

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