The actual variable costs are $25500 and the actual units produced total 275 and the actual direct labour hours total 550. If the budgeted hour per unit are 3 and the budgeted variable cost allocation rate is $25 and the budgeted units to be produced are 225 . What is the rate Variance, Efficiency Variance and Flexible Budget variance is the allocate variable costs based on direct labour hours. Be sure to indicate whether the variances are favourable or unfavourable.

Answers

Answer 1

As per the given values, the rate variance is -$28.64, the efficiency variance is -$6,875, and the flexible budget variance is $1,250

Actual variable costs = $25,500

Actual units produced = 275

Actual labor hours = 550

Budgeted hours per unit = 3

Budgeted variable cost allocation rate = $25

Budgeted units to be produced = 225

Calculating the Rate Variance -

Rate Variance = Actual Variable Cost/ Actual Labor - Budgeted VC/ Budgeted hours

($25,500 / 550) - ($25 x 3)

= $46.36 - $75

= -$28.64 ( Unfavorable variance)

Calculating the Efficiency Variance -

Efficiency Variance = Actual Labor hours - ( Units produced x Budgeted hours) x Budgeted variable cost

= (550 - (275 x 3)) x $25

= (550 - 825) x $25

= -275 x $25

= -$6,875 ( Unfavorable variance)

Calculating the Flexible Budget Variance -

Flexible Budget Variance = Actual Units - Budgeted Units x Variable Cost

= (275 - 225) x $25

= 50 x $25

= $1,250

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Related Questions

______ policy seeks to foster or discourage various economic or social activities, typically through subsidies or tax breaks.

Answers

Answer:

domestic

Explanation:

try it but i don't know! just a guess

When Annika and Karen use prices that end in 9. They seem to assume that their customers see prices with these endings as substantially lower. This is

Answers

The fact that Annika and Karen use prices that end in 9 to get their customers to see prices as lower is called odd-even pricing.

What is odd-even pricing?

This is a pricing strategy where retailers and suppliers put an odd number such as 9 at the end of a price.

The reason for this is a belief that when people see a price ending with 9, they believe the good is cheaper because it isn't rounded up and so they buy the good.

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Given the frequency of different-sized earthquakes, do you think we can relieve pressure on faults by intentionally making lots of small earthquakes? What you want to think about here is the scaling factor - how are energy and frequency related?

Answers

The release of pressure on faults by making a lot of small earthquakes is a theory, and it is yet to be fully researched.  While it may sound like a good idea, there are many unknowns regarding the behavior of different faults.

For example, if a smaller fault breaks, it may lead to a much larger earthquake that could be dangerous. Energy and frequency are directly proportional.  The larger the earthquake, the more energy it releases. Since energy is directly proportional to the frequency of earthquakes, it indicates that smaller earthquakes are more frequent than larger ones.

Furthermore, a few small earthquakes may release the same amount of energy as a single larger earthquake. Thus, it is unclear whether or not inducing smaller earthquakes would relieve pressure on the fault and prevent a more severe earthquake from occurring.

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a government minister in country X recently said: "the secondary sector of the industry will always be more important than the tertiary sector to our economy." do you agree with this view? justify your answer.

Answers

Answer:

Explanations yes i agree with this view since raw material are must for every sector. If there is no product, then service sector will have no work.

tertiary sector provide services for primary and secondary sector also secondary sector depent on pramiry sectorfor the input

You drink 19 beers to celebrate the end of your risk management and insurance class, then have an accident while driving home from the bar. The police charge you with drunk driving, and with hitting another automobile from behind. What will your automobile insurer do when you file a claim for the damage to your car, and, what will it do when the injured people in the other car file claims to have their bodily injuries paid for

Answers

Answer: The insurer will pay for claims that was insured for or that which the insurance package covers.

Explanation:

Insurance could be described simply as a cover for damages done either in the present or future to be able to curb losses. Insurance companies offer various packages or insurance covers to the client, ranging from house, to cars and other various insurance cover. The insurance company will pay the claim for the accidents but this would be based on the particular claim that was insured for because the Insurance company won't pay for claim that wasn't insured, it would be a loss on their side

How does scarcity of resources affect the nations of the world?.

Answers

Answer:

Development work will be less

public will be less

many population of people may loss their life

will suffer from different diseases

Explanation:

......


Which of the following is not an example of professional behavior
?

Answers

What are the answers?

definition of trade-offs?

Answers

Answer:

Economics is all about tradeoffs. A tradeoff is loosely defined as any situation where making one choice means losing something else, usually forgoing a benefit or opportunity. We experience tradeoffs in zero-sum situations, when a plus in one area must be a negative in anothe

Explanation:

hope its helpful for if yes mark me as brilliant

Which development with most reflects Karl max is belief in the economic system that he predicted to replace free market

Answers

The development with most reflects Karl max that is belief in the economic system that he predicted to replace free market is option B. Workers share all the profits generated from a factory. Read below about Karl Max's belief in economic system.

What is Karl Max's belief on the economic system?

Marx believed that in a capitalist system, society would inevitably divide themselves into two classes – the business owners and the workers. The workers would produce the material goods and conduct all the labor, while the owners would reap all the financial and social benefits.

Therefore, the correct answer is as given above

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The complete question goes thus:

Which development would most reflect Karl Marx's belief in the economic system that he predicted would replace free markets? A. Governments eliminate all taxes on wealthy corporations. B. Workers share all the profits generated from a factory. C. Companies begin to sell their products in overseas markets. D. Businesses refuse to hire workers who demand high wages.

A reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?
A. It would shift the curve to the left.
B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
C. It would not shift the curve; it would be represented by moving from a point on the curve to a point to the right of the curve.
D. It would shift the curve to the right.

Answers

Answer:

B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.

Explanation:

Here the falling in unemployment represents that there is a movement with respect to the resources that are fully employed.

In this the unemployment means that it could be occured inner side of the PPF but if there is an increase, so the point of the production would be moved inner of the PPF to the PPF

Therefore the option B is correct

The best time to visit a college campus is:

A: During spring break
B: Over the summer
C: on any Friday
D: Monday Through Friday
Ap3x​

Answers

Answer:

D.

Explanation:

The best time to visit a college campus is over the summer. Thus, option 'D' is the correct option.

When is the best time to do college tours?

Since many universities start their autumn term as early as mid-August, it is ideal to visit during the late summer and early September before senior year. If you've already done your study in college, the spring of your junior year is a terrific time. If you participate in autumn sports or are thinking about applying under early action or early decision programs, which often have application deadlines in November of your senior year, spring break is also an excellent idea.

Seniors might find it more beneficial to postpone their visits until the fall or winter. Seniors may be able to restrict their college choices at that time. To entice them to enrol, several institutions offer their chosen prospects to stay a few days on campus before the May 1 reply deadline.

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An investment by the stockholders in a business increases a. assets and stockholders' equity. b. assets and liabilities. c. liabilities and stockholders' equity. d. assets o

Answers

Option A is correct. Cash, an asset account, will grow as a result of a stockholder investment. Also, it will boost stockholder equity. Total assets must equal total liabilities and stockholders' equity on the balance sheet.

More stock investments or increased net income both improve stockholders' equity. It gets smaller as a result of dividend payments or net losses. Retained profits rises as revenue accounts are closed out into it and falls when expense accounts and cash dividends are closed out into it.

The amount that a company's owners have invested in their enterprise is known as shareholders' equity. This covers the funds they have directly invested as well as the total amount of earnings the business has generated and reinvested since its beginning.

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Which of the following are objects that can fulfill needs or wants?
A. Economics
B. Goods
C. Services
D. Tools

Answers

Answer:

the word objects makes me think B. also, wants can be fulfilled by objects, not tools or economics.

Explanation:

The objects that fulfill the needs or wants are goods. Thus, option (B) is correct.

What is need?

The term needs refers to the basic necessity or the requirement of the person in order to survive. The basic need of the person is food, shelter and clothing. The term needs and wants to become together. As the once the needs of the person is fulfilled, the wants arises.

Need is something without which the person cannot survive in the world, whereas without fulfillment of the wants the person can survive.  In today's economy, the terms wants and needs are often yet inaccurately used.

The needs and wants of an individual can be fulfilled through the goods and services. Various companies and corporation are today working to satisfy the needs and desire of the customers.

Therefore, it can be concluded that  Goods are things that satisfy needs or desires. Hence, option (B) is correct.

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Which non-income factor for a potential job would influence a person who needs to be
available to drive children to and from school and activities?
O Working hours
O Location
O Independence
O Personal satisfaction

Answers

Answer:

The non-income factor for a potential job which would influence a person who needs to be  available to drive children to and from school and activities is:

O Independence.

Explanation:

Independence, obtained through as a self-employed person or as an independent contractor, enables the worker to be available to drive her children to and from school and their various school-related activities.  The working hours of a self-employed person or an independent contractor are largely self-determined.  She can also choose appropriate location for her business office.

It should be noted that the non-income factor that can influence potential job which will in turn influence a person who needs to be available to drive children to and from school and activities is Independence.

Non-income factors can be regarded as factors that has influence on individual careers as well as the lifestyle.

Therefore, for individuals that want to be drive children to and from school and activities everyday, needs independence.

We can conclude that he needs independence because he will have enough time to cater for those children.

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what are the difference between engineer and architect?plz help!!!!!​

Answers

Answer:

an architect is focused on designing and construction the form space, and ambiance of buildings and other physical environments, whereas, engineers ensure that the design will work by applying scientific principles.

Learning the techniques of sales writing can help you Group of answer choices All of these are benefits of learning sales writing techniques. become a more perceptive consumer of ideas, products, and services. become more successful in other situations requiring persuasion. recognize sales strategies directed at you.

Answers

Answer:

All of these are benefits of learning sales writing techniques.

Explanation:

Hope this helps

Learning sales writing techniques enhances consumer perception, persuasion, strategy recognition, and overall communication and decision-making effectiveness. Thus, option D is correct.

Techniques of sales refer to the strategies and methods employed to effectively communicate, persuade, and influence potential customers or clients.

These techniques encompass a range of skills, including crafting compelling sales messages, utilizing persuasive language and storytelling, employing effective negotiation tactics, building rapport, active listening, and addressing objections.

Sales techniques aim to engage and capture the interest of prospects, highlight the value and benefits of products or services, overcome barriers, and ultimately drive successful conversions.

Mastery of sales techniques equips individuals with the ability to navigate the sales process, build relationships, and achieve desired outcomes in a competitive marketplace.

Therefore, option D is correct.

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Most probably, your complete question is this:

Learning the techniques of sales writing can help you:

Group of answer choices

A) Becoming a more perceptive consumer of ideas, products, and services.

B) Becoming more successful in other situations requiring persuasion.

C) Recognizing sales strategies directed at you.

D) All of these options are benefits of learning sales writing techniques.

in a newsvendor model, at the optimal order quantity (i.e., the newsvendor ordering quantity) the probability that demand is less than the order quantity is

Answers

At the optimal order quantity in a newsvendor model, the probability that demand is less than the order quantity depends on the desired service level or critical ratio.

In a newsvendor model, the optimal order quantity is determined by balancing the cost of excess inventory with the cost of lost sales. To calculate the probability that demand is less than the order quantity, one must consider the desired service level. The desired service level reflects the level of risk a company is willing to tolerate in terms of stockouts.

For example, if the desired service level is 90%, it means the company aims to fulfill 90% of customer demand without experiencing stockouts. The complementary probability, 10% in this case, represents the probability that demand will be less than the order quantity. This information helps in making informed inventory decisions and managing supply chain performance effectively.

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a____gives an organization a sense of purpose and a set of values that unite workers.

Answers

A mission statement gives an organization a sense of purpose and a set of values that unite workers.

What is a mission statement?

A mission statement is a statement of purpose that defines the goals and values of an organization. It serves as a guide for decision-making and helps to align the efforts of all members towards a common objective. A mission statement can also communicate the company's values to customers, employees, and other stakeholders. It is often brief, memorable, and encapsulates the core purpose of the organization.

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What accounts are affected. issued check $644 to pay for an advertisement

Answers

Answer:

Bank and Advertisement accounts

Explanation:

Journal entries

Advertisement       A/c Dr     $644

To Bank               A/c                $644  

(Being advertisement expenses made by cheque)

Bank and Advertisement accounts are affected

A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. If the pre-split market cap was 1.71B, what would the post-split market cap be?

Answers

A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. the post-split market cap be 684 million

What is market cap?

Generally, In a 2-for-5 reverse split, every 5 shares of stock are combined into 2 shares. This means that the number of outstanding shares of stock will be reduced by 2.5 times. If the pre-split market cap is 1.71B, the post-split market cap can be calculated by dividing the pre-split market cap by 2.5:

1.71B / 2.5 = 684 million

So, the post-split market cap would be approximately 684 million. Please note that this calculation is based on the assumption that the value of the company's stock remains the same after the reverse split. In practice, the value of the stock may change as a result of the reverse split.

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Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x

Answers

Answer:  [A]   It has a lower opportunity cost for production of that good.

Explanation:  It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.

Answer:

It has a lower opportunity cost for production of that good.

Explanation:

Under what circumstance would a country have a comparative advantage inthe production of a certain good?A.

what is medium level profession​

Answers

Medicine,agriculture,finance,tourism,teaching public services are the sectors of profession. In every field ,professions are of basic,medium and high levels.for e.g. , assistant health workers (A H W) are the basic level human resources while health assistants (HA)are medium level professionals.
Hope it helps :)

Which is not an expense account?
Repairs
Advertising
Rent
Interest
Accrued

Answers

The answer option which is not an example of an expense account is: E. Accrued.

What is an expense account?

An expense account can be defined as a type of account that include an amount of money (funds) that are paid to an employee by an employer of labor, so as to enable the employee spend the fund on things related to his or her job.

In Business management, some examples of an expense account include the following:

RepairsAdvertisingRentInterest

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Hiring short-term generalists:
is consistent with the Bargain Laborer HR strategy
A hiring process that focuses on measuring applicant potential focuses on measuring achievements
False Short-term specialist employees:
provide specific inputs for a short period of time
Assessment aimed at measuring _____ focuses on history and past accomplishments that revel relevant abilities and skills whereas assessment aimed at measuring _____ are future oriented and seek to predict how a person will learn and develop knowledge and skills over time
achievement; potential
Recruiters should assess, for effective hiring, a candidate's organization fit based upon their own unique beliefs and perceptions about the organization
False When Trader Tools, Inc. focuses on achievement, it:
will weigh most heavily past accomplishments that demonstrate knowledge and skills
Organization-based fit:
deals with how well the individual is matched with the organization's culture, values and norms
Which is most critical for an organization employing a long-term staffing strategy?
Hiring employees based upon their potential to develop
In the hiring of long-term employees, organization-based fit is the most critical factor
True
If Car Toys, Inc. is pursuing the Bargain Laborer HR strategy seeking short term generalist, it is most concerned with organizational fit
False
Job-based fit and organization-based fit are two important and different judgments for making effective selection decisions
True
Organizations employing the Committed Expert HR strategy:
focus on assessing job fit and organization fit
In order to be hired as a "Long term specialist" an applicant must have all skills to perform the job
False
Because they usually are employed right after graduating from college or technical school and therefore do not demand high compensation, hiring specialists can be beneficial
False
When Tool Craft International uses the long-term generalist strategy, it seek to hire employees with specific skills and abilities who will stay employed with the organization for a long time
False
When ABC Manufacturing employs the Committed Expert HR Strategy, the managers attempt to select people capable of developing expertise in a particular area
True
Job-based fit:
is more important in organizations that seek to hire specialists
Factors to consider for strategic selection decisions include:
the type of talent and the type of relationships
Advantages to organizations of hiring long-term specialists include:
specialists develop specialized skills and stay with the organization for a long time
Research suggests that when hiring generalists, job-based fit is a more important consideration than organization-based fit
False

Answers

A recruitment process that focuses on measuring a candidate's potential focuses on measuring performance.

What is the HR strategy of Bargain Laborer?

This is what aligns the deal's unified compensation with the Bargain Worker HR strategy, which offers cash rewards to increase effort and minimize wage levels while reducing labor costs. The three phases of human resources management are recruitment, development and firing. The terms pre-employment phase, integration phase, and post-employment phase are also used to describe these phases. Every successful HR strategy aims to reduce turnover during succession planning in the company.

Encourage and motivate its employees with regular reviews of their salaries, benefits and work environment. First of all, the HR strategy is great thanks to the people who implement it.

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Credit that can be increased up to a certain point is called?

A. Open ended credit
B. Closed ended credit
C. Bankruptcy
D. Respossess

Answers

Answer:

Open Ended credit

Explanation:

True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan
each year.
a) True
b) False

Answers

Answer:

Its false

Explanation:

because when I clicked true I got it wrong.

True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement

It is not true that we may contribute as much of our earnings as we choose to our employer-sponsored retirement plan each year. The correct option is b.

What is an employer-sponsored retirement plan?

An employer-sponsored plan refers to a type of benefit plan offered to employees at no or relatively low cost. These plans, such as a 401(k) or HSA, cover an array of services including retirement savings and healthcare. Employees who enrol in such programs capitalize on the benefit of receiving discounted services.

On the other hand, employers offering these plans typically benefit from tax breaks. Also, sponsoring benefits is seen as a way to recruit and retain valuable employees. Sponsorship does not mean that an employer contributes funds to the plans, though they may match certain employee contributions.

In order to attract and retain workers as well as receive tax breaks and other incentives employers install these benefit plans.

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Marcel wants to open a car wash after graduating from high school. For several days, he observed the cars being washed at a local car wash and recorded the following information: Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 50 cars 45 cars 48 cars 26 cars 47 cars 55 cars What is the average number of cars washed each day? If the car wash were open only five days a week, how many cars might be washed per year? (Hint: There are 52 weeks in a year.)

Answers

The average number of cars washed each day is 45 cars and the total number of cars washed in a year is 11,700.

What is mean?

In statistics, in addition to the mode and median, the mean is one of the measures of central tendency. Simply put, the mean is the average of the values in the given set. It indicates that values in a particular data set are distributed equally. The three most frequently employed measures of central tendency are the mean, median, and mode. The total values provided in a datasheet must be added, and the sum must be divided by the total number of values in order to determine the mean.

Given a table for car washing each day,

Day 1      Day 2    Day 3   Day 4      Day 5    Day 6

50            45          48         26        47            55

Average for cars washed each day,

Average = sum of cars washed/number of days

 sum of cars washed = 50 + 45 + 48 +26 + 47 + 55

the sum of cars washed = 271

total days = 6

average = 271/6 = 45.1667

average car washed each day = 45

If the car wash were open only five days a week, how many cars might be washed per year,

total car washed in year = (number of days)(average car washed)(year week)

total car washed in year = 5 x 45 x 52

total car washed in year = 11,700

Hence average car washed each day is  45 and the total car washed in a year is 11,700.

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a cereal manufacturer wants to know how effective its packaging is in gaining attention. which research method is most appropriate?

Answers

A cereal company is interested in how well its packaging attracts attention. The best research method is direct observation.

Packaging is the best marketing tactic, but why is that?

Appealing and welcoming packaging is crucial for brand awareness. New products on the market must find a way to immediately make an impression and sway consumers' purchasing choices. Statistics show that 70% of consumers base their opinion of a brand only on the packaging of its products.

What kind of research uses direct observation?

a method of data collection when the researcher simply observes or hears the study subjects rather than directly asking any questions or controlling any factors. Direct observation is a useful tool in evaluation studies and field research.

Direct observation, also known as observational study, is a method for gathering evaluation data in which the observer watches the subject in his or her regular environment without altering anything.

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Blazer Chemical produces and sells an ice-melting granular used on roadways and sidewalks in winter. It annually produces and sells 20,250 tons of its granular. Because of this year’s mild winter, projected demand for its product is only 16,200 tons. Based on projected production and sales of 16,200 tons, the company estimates the following income using absorption costing.Sales (16,200 tons at $96 per ton) $ 1,555,200Cost of goods sold (16,200 tons at $60 per ton) 972,000Gross profit 583,200Selling and administrative expenses 210,800Income $ 372,400Its product cost per ton follows and consists mainly of fixed overhead because its automated production process uses expensive equipment.Direct materials $ 13 per tonDirect labor $ 4 per tonVariable overhead $ 3 per tonFixed overhead ($648,000/16,200 tons) $ 40 per tonSelling and administrative expenses consist of variable selling and administrative expenses of $6 per ton and fixed selling and administrative expenses of $210,800 per year. The company’s president will not earn a bonus unless a positive income is reported. The controller mentions that because the company has large storage capacity, it can report a positive income by setting production at the usual 20,250 ton level even though it expects to sell only 16,200 tons. The president is surprised that the company can report income by producing more without increasing sales.Required:1. Prepare an income statement using absorption costing based on production of 20,250 tons and sales of 16,200 tons. Can the company report a positive income by increasing production to 20,250 tons and storing the 4,050 tons of excess production in inventory?2. By how much does income increase by when producing 20,250 tons and storing 4,050 tons in inventory compared to only producing 16,200 tons?Prepare an income statement using absorption costing based on production of 20,250 tons and sales of 16,200 tons. Can the company report a positive income by increasing production to 20,250 tons and storing the 4,050 tons of excess production in inventory? (Round your answers to the nearest whole dollar.)BLAZER CHEMICALIncome Statement (Absorption Costing)Did the company report a positive income? By how much does income increase by when producing 20,250 tons and storing 4,050 tons in inventory compared to only producing 16,200 tons?

Answers

This results in an increase in inventory of $243,000 but no change in gross profit or income.

The income statement using absorption costing based on production of 20,250 tons and sales of 16,200 tons is as follows:

Sales (16,200 tons at $96 per ton) $1,555,200
Inventory increase (4,050 tons at $60 per ton) 243,000
Cost of goods sold (20,250 tons at $60 per ton) 1,215,000
Gross profit 583,200
Selling and administrative expenses 210,800
Income $372,400

Yes, the company can report a positive income by increasing production to 20,250 tons and storing the 4,050 tons of excess production in inventory. By doing this, the company can report an inventory increase of $243,000 which will offset the cost of goods sold. The gross profit remains the same and the income is positive at $372,400.

The income increases by $0 because the gross profit remains the same at $583,200. However, by increasing production and storing the excess inventory, the company incurs additional fixed overhead costs of $40 per ton for the 4,050 tons produced but not sold. This results in an increase in inventory of $243,000 but no change in gross profit or income. Therefore, the company should consider the additional administrative expenses and storage costs before deciding to produce more than the projected demand.

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The costs per equivalent unit of direct materials and conversion in the rolling department of oak ridge steel company are 180 and 62

Answers

Answer:

Equivalent units of direct materials= $180 per tons

Equivalent units of conversion =$62 per tons

Explanation:

Calculation to Determine the direct materials and conversion costs per equivalent unit.

Using this formula

Equivalent units of direct materials=Cost of direct materials transferred/Total equivalent units for direct materials

Let plug in the formula

Equivalent units of direct materials= $432,000/2,400

Equivalent units of direct materials= $180 per tons

Therefore the direct materials cost per equivalent unit will be $180 per tons.

Calculation for Equivalent units of conversion using this formula

Equivalent units of conversion=Conversion cost /Total equivalent units for Conversion

Let plug in the formula

Equivalent units of conversion=$144,150/2,325

Equivalent units of conversion= $62 per tons

Therefore the conversion cost per equivalent unit will be $62 per tons.

Other Questions
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