Answer: 140%
Explanation:
Efficiency refers to how productive a person is in regards to how production they should be.
Formula is:
= Standard time / Actual time * 100%
= 35/25 * 100%
= 140%
Answer:
$33,000
Explanation:
The calculation of the fixed cost and the variable cost per machine hour by using high low method is shown below:
Variable cost per hour = (High manufacturing overhead cost - low manufacturing overhead cost) ÷ (High machine hours - low machine hours)
= ($198,000 - $153,000) ÷ (110,000 hours - 80,000 hours)
= $45,000 ÷ 30,000 hours
= $1.5
Now the fixed cost is
= High manufacturing overhead cost - (High machine hours × Variable cost per hour)
= $198,000 - (110,000 hours × $1.5)
= $198,000 - $165,000
= $33,000
Answer:
$606,375
Explanation:
The computation of the amount of cash payments to stockholders is shown below:
= Beginning dividend payable + cash dividend declared - ending dividend payable
= $167,625 + $585,000 - $146,250
= $606,375
We simply added the dividend declared amount and deducted the ending dividend payable to the beginning dividend payable so that the accurate amount can come.
