Answers
Before information shows is the correct and complete question.
The Lopez Company use a standard costing in its manufacturing plant for the auto part. The standard cost of particular auto part based on a denominator level of a 4.000 output unit per year. included 6 machine-hours of variable manufacturing overhead at $8 per hour and 6 machine-hours of fixed manufacturing overhead at $15 per hour.
Actual output produced was 4.400 units.
Variable manufacturing overhead incurred was $245.000.
Fixed manufacturing overhead incurred was $373.000.
Actual machine-hours were 28.400.
Prepare the analysis of all variable manufacturing overhead and fixed manufacturing overhead variances.
Additional diagram attached to this question is displayed in the first image below.
Answer:
Explanation:
By using a columnar method, the analysis of all the variance & fixed manufacturing overhead varaince can be computed as follows:
Variable manufacturing overhead analysis:
Actual cost Incurred: ║ Actual input × Budgeted ║ Allocated: Budgeted
Actual input × Actual rate Input for actual output
rate × Budgeted rate
245000 28400×$8.00 = 227200 (4400×6hrs×$8)
= 211,200
17800 U 16800 U
Spending Variance Efficiency Variance
33800 U
Flexible Budget Variance
Hence;
The spending Variance = $17,800 U
Efficiency Variance = $16,000 U
Flexible Budget Varaince = $33800 U
where; F = Favourable & U = Unfavourable
For the fixed Manufacturing Overhead:
Actual cost Incurred: ║ Flexible Budget Lump ║ Allocated: Budgeted
Actual input × Actual sum regardless of the Input for actual output
rate output level × Budgeted rate
373000 4000×6hrs×15 = 360000 (4400×6hrs×$15)
= 396000
13000 U 36000 F
Spending Variance/ Production-Volume
Flexible budgeted variance Variance
23000 F
Over allocated fixed
Overhead
Hence;
The spending Variance = $13000 U
The production Volume Variance = $36,000 F
Over allocated fixed overhead = $23000 F
where; F = Favourable & U = Unfavourable
NOTE: To have a better view of the above computation in a table format, refer to the second and the third diagram in the image below.
Related Questions
Allison Corp. has just issued nonconvertible preferred stock (cumulative) with a par value of $20 and an annual dividend rate of 4.25%. The preferred stock is currently selling for $18.75 per share. What is the annual yield or return (r) on this preferred stock
Answers
Answer:
4.5%
Explanation:
Calculation for the annual yield or return (r) on this preferred stock
Using this formula
PVper = PMT / r
Where,
PVper =$18.75
PMT =(4.25%*$20)=0.85
Let plug in the formula
$18.75 = 0.85 / r
r = 0.045*100
r= 4.5%
Therefore the annual yield or return (r) on this preferred stock will be 4.5%
A company issues 7% bonds with a par value of $70,000 at par on January 1. The market rate on the date of issuance was 6%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is
Answers
Answer:
the amount of cash paid as on July 1 to the bond holder is $2,450
Explanation:
The computation of the amount of cash paid as on July 1 is shown below:
= Par value × rate of interest × semi-annual basis
= $70,000 × 7% × 6 months ÷ 12 months
= $2,450
Hence, the amount of cash paid as on July 1 to the bond holder is $2,450
We simply applied the above formula so that the correct value could come
And, the same is to be considered
what is business ?please explain about it
Answers
Answer: business can be defined as an organization dedicated to do commercial and professional activities.
Explanation:
The word business can also be defined as the activities and efforts that a person makes in order to produce money. To do this, the person creates products or sells services to obtain a reward.
Currently, many people are taking the line of entrepreneurship, where they put their own businesses and become their bosses. They themselves develop their model of how they are going to distribute and market the products or services they have so that they reach the population.
The business is something that comes from ancient times. Barter was a way of doing business since if a person was interested in something that another had, they proceeded to make an exchange.
____ demonstrates that management has identified an acceptable risk level and provided resources to control unacceptable risk levels.
Answers
Answer:
Accreditation
Explanation:
Accreditation is usually known as voluntary process. It occurs when a private non-governmental organization or agency carry out an external review and gives recognition to a program of study or institution that meets certain pre-determined standards. Accreditation is usually carry out thoroughly and in an organized manner.
Why does the adoption of new technology tend to increase supply?
Answers
Answer:
New technology allows firms to produce at a lower cost. As a result, as firms adopt a new technology, their cost curves shift downward. Market supply increases, and the market supply curve shifts rightward. With a given demand, the quantity produced increases and the price falls.
On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies that he carted into the DMV office in five wheelbarrows. The DMV had to count all these pennies and deposit them into the DMV bank account. After the DMV deposit and assuming a reserve requirement of 7 percent, calculate the initial change in
Answers
Answer:
the requirements are missing, so I looked for them:
a. Money supply. b. Deposits. c. Total reserves. d. Excess reserves.a. $0
the coins are part of M1 money supply already, so it will not change it.
b. $3,000.
the DMV should deposit the pennies in their account account, therefore, total bank deposits will increase by 300,000¢ /100 = $3,000
c. $3,000
since bank deposits increase by $3,000, total reserves also increase by $3,000
d. $2,790
excess reserves = total reserves - required reserve ratio = $3,000 - ($3,000 x 7%) = $2,790
Which of the following survey response methods is the most difficult for researchers to code for evaluation:
Answers
Answer:
No options are given, but the most commonly used survey response methods are:
Multiple choice questions = generally easy to codeRating scale questions = also easy to code, since response scales have a finite number of choices, e.g. 2 true/false, 3 agree/disagree/undecided, 5 very bad/bad/fair/good/excellent Matrix questions. = are a little bit more complex since they involve several rating scale questions, but it is not something difficult eitherDropdown questions. = similar to multiple choice questionsOpen-ended questions. = this are hard to code since each subject can respond different things, e.g. the thing that I like the most about this project is bla, bla, bla. There are no pre-set answers given to the subjects. THIS TYPE IS THE MOST DIFFICULT TO CODE.Demographic questions = similar to multiple choiceRanking questions = similar to scaled questionsIf a landowner purchased a vacant lot six years ago for $25,000, assuming no income or holding costs during the interim period, what price would the landowner need to receive today to yield a 10% annual return on the land investment?
a. $40,262.75.
b. $41,132.72.
c. $44,289.03.
d. $64,843.563.
Answers
Answer:
c. $44,289.03
Explanation:
Given that: present value = $25000, rate = 10%, n = 6 years. Then the future value can be determined by:
FV = PV[tex](1+r)^{n}[/tex]
where: FV is the future value, PV is the present value, r is the rate and n is the number of years.
So that:
FV = 25000[tex](1 + 0.1)^{6}[/tex]
= 25000[tex](1.1)^{6}[/tex]
= 25000 x 1.771561
= 44289.025
FV = 44289.03
The price that the landowner would receive today is $44,289.03.
An entrepreneur invests in his dream business of selling golf-carts. The initial investment is $230,064.00. The entrepreneur expects to generate an annual after-tax cash flow of $55,966.00 in running this business. How long before the project will pay back
Answers
Answer:
Folly Beach has long been the epicenter of fun and sun for generations of College of Charleston students.
Taylor Denny (left), Jake Cotreau (center) and Matthew Coda (right).
Taylor Denny (left), Jake Cotreau (center) and Matthew Coda (right).
But for three recent graduates, the quirky little beach town is all about business.
By the time alumni Matthew Coda, Jake Cotreau and Taylor Denny walked across the Cistern stage to receive their diplomas in May 2014 they already knew how and where they planned to begin their careers.
This month the three young entrepreneurs launched Golden Sun Taxi, a fleet of three solar-powered, golf cart taxis that shuttle passengers along the sandy streets of Folly Beach. Aimed primarily at tourists, the business is believed to be the first of its kind in the United States.
I need help finding a name for my female cat that I get in a week. Any suggestions?
Answers
Answer:
AWWW SO CUTEEE!!! and how about Dolly or Lillith?
Explanation:
If the Fed has an interest-rate target, meaning they want to control the interest rate at a specific rate such as 4%, why will an increase in the demand for reserves lead to a rise in the money supply?
Answers
Answer:
A rise in demand for reserves will shift the demand for reserves curve to the right which will cause a rise in interest rates. The Fed will then have to act to reduce this interest rate because they would prefer that it remained at the specific rate as mentioned.
To do this they will embark on Open Market Operations aimed at increasing money supply as this will reduce interest rates by increasing the supply of reserves because it will shift the supply curve for reserves to the right. The new equilibrium will be a lower interest rate.
The relevant Open Market Operation will be the buying of bonds from the public.
Congratulations, You’re Volun-Hired!
A newly formed educational charity wants to create a website, and they have invited you in as a consultant because they don’t have a web developer and would like your advice on what sort of website will work best for their business. This charity could promote literacy in your area, or it could advocate for the promotion of music in education. You could also consider charities that educate the public about a particular interest of yours. You choose!
Identify different types of websites that would be useful for the charity and briefly explain why each is appropriate for this type of business and how each could be used effectively. Think about which coding languages or scripting languages would be necessary or best-suited for their purposes. Depending on what type of website you suggest, you will need to explain different programming languages and their purposes. For example, since you’re creating a website for a charity, you will need to take fundraising into account, right? What else should you consider?
Step 1. For this activity, you should demonstrate your understanding of the basics of web development. In doing so, identify and describe at least three different types of website and explain how and why each is suited for this charity.
3 types of websites Explanation on how and why each is suited for this charity
1.
2.
3.
Step 2. Choose at least four coding or scripting languages that could be used to build the websites and explain why these languages are suitable.
4 Coding and Scripting Languages Explanation on why languages are suitable
1.
2.
3.
4.
Please don't answer unless you know the correct answer.
Answers
Answer:
3 types of websites Explanation on how and why each is suited for this charity
1.Homepages. The homepage is your site’s main hub and serves as the face of a brand. Your homepage helps site visitors get to different areas of the site, and it can also serve as a conversion funnel. Because most people come to you through your homepage, this is where design matters most. It is suited for the charity because it can help people who struggle with getting through websites get through quick and easy.
2.Magazine websites A magazine website features articles, photos and videos that are informational and educational. This way if even a child with limited attention span went to the website could get through it.
3.Educational. usually an interactive website with educational information on any given topic. This is important because the charity is educational. It feels right that the website was informational about what the charity is and everything that it's about.
and the second part is
Step 2. Choose at least four coding or scripting languages that could be used to build the websites and explain why these languages are suitable.
4 Coding and Scripting Languages Explanation on why languages are suitable
HTML. HTML, or Hypertext Markup Language, is primarily used in the creation of the webpage skeleton. It is the most important of the three languages that this post will cover. HTML is responsible for creating the “physical” elements of the webpage. Elements such as links, text, images/video, dividers, and others are inserted into the webpage through HTML.
CSS. CSS is used to style the elements of the webpage that are created through HTML. Colors, fonts, borders, and other characteristics are all controlled through CSS.
Ruby. The Ruby language is completely object-oriented, in that everything is an object. For instance, even the most basic data types, like integers, have methods and instance variables. This provides a greater ability to use method chaining, where many lines of code can be consolidated into one. For example, if you wanted to use three different methods on a string, one way would be to write several lines of code
Explanation:
I figured that sense I finished this assignment just now that I could help you :) I hope this helps
Compute the takt time for a system where the total time per shift is 480 minutes, there is one shift, and workers are given two 15-minute breaks and 45 minutes for lunch. Daily demand is 300 units.
Answers
Answer:
1.35 minutes per cycle
Explanation:
Computation for the Computer Takt time
First step is to compute net time available per shift
( 2 x 15) + 45 = 75 minutes breaks
480 - 75= 405 minutes per shift
Second step is to calculate the Net time available per shift
Net time available per shift = (405 x 1 shifts per day)
Net time available per shift=405
Last step is to calculate the compute the takt time
Using this formula
Compute the takt time= Net time available per day / Daily demand
Let plug in the formula
Compute the takt time= 405 / 300
Compute the takt time= 1.35 minutes per cycle
Therefore the Compute the takt time will be 1.35 minutes per cycle
You purchase a $325,000 town home and you pay 25 percent down. You obtain a 30-year fixed-rate mortgage with an annual interest rate of 5.75 percent. What’s your monthly payment? After five years, what is the balance of your mortgage loan?
Answers
Answer:
kjhgkjhg
Explanation:
acc 340 Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost $12 each. During the month, the company made two purchases: 3,000 units at $13 each and 12,000 units at $13.50 each. Checkers also sold 12,900 units during the month. Using the LIFO method, what is the ending inventory
Answers
Answer:
$113,700
Explanation:
Last in first out (LIFO) is an inventory management method, in which the cost of the most recent product bought are the first to be charged to expenses.
With regards to the above question, we'll have;
Inventory sold = (12,000 × $13.5) + (900 × $13) = $173,700
Ending inventory = [7,200 × $12] + [(3,000 - 900) × $13]
Ending inventory = $86,400 + $27,300
Ending inventory = $113,700
Therefore, the ending inventory using LIFO is $113,700
According to the rational-actor model, as the benefits of an activity rise a. we should observe fewer people undertaking the activity, because when benefits rise, costs usually rise by more. b. we should observe more people undertaking the activity. c. it is hard to predict how people will react, because some people are often irrational. d. the costs will rise too. e. none of the above
Answers
Answer: b.we should observe more people undertaking the activity
Explanation:
The rational actor model follows the theory of rational choice which believes that the behavior of individual actors make up the social behavior on the society and that the individual actors are all making their own individual decisions.
It should be noted that when there's an increase in the benefits of an activity, this will lead to more people enjoying the benefit as there will be more players.
Therefore, the correct option is B
To use an outline for writing a formal business document, what should you do after entering your bottom-line statement? O A. Move the bottom-line statement to the end of the document. OB. Write a topic sentence for every detail. O C. Enter each supporting detail from the outline on a separate line. O D. Enter each major point from the outline on a separate line.
Answers
Answer:
enter each major point from the outline on a separate line
Explanation:
Kk
Answer:
D : Enter Each Major Point From The Outline On a Separate Line
Explanation:
AP3X
pog
Under the principle of lower of cost and net realizable value, when a company has 10 units of inventory A with net realizable value of $50 and a cost of $60, what is the adjustment
Answers
Answer:
Dr Cost of Goods Sold $100
Cr Inventory $100
Explanation:
Calculation for the Adjustment
Based on the information given we were told that in a situation where a company has 10 units as inventory A which include a net realizable value of the amount of $50 and a cost of the amount of $60 Under the principle of lower of cost as well as net realizable value the adjustment will be:
Dr Cost of Goods Sold $100
Cr Inventory $100
(10 units x $10 price reduction)
Calculation for price reduction
Cost $60
Realizable value $50
Price reduction $10
You expect to receive an inheritance in 8 years amounting to $250,000. Your discount rate is 6% annually. How much is this investment worth today?
Answers
Answer:
the present value is $156,853.0928
Explanation:
The computation of the present value is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$250,000 = Present value × (1 + 0.06)^8
$250,000 = Present value × 1.06^8
Now the present value is
= $250,000 ÷ 1.06^8
= $156,853.0928
Hence, the present value is $156,853.0928
On the 2020 consolidation working paper, eliminating entry (N) recognizes noncontrolling interest in net income of:_________
Answers
Answer:
Following are the solution to this question:
Explanation:
Please find the complete question in the attached file.
Credit cost depreciation [tex]= \$ \ 40,000[/tex]
(Detailed: [tex]\frac{400,000}{10}=40,000[/tex])
DR Acc. [tex]40,000[/tex]
CR Dep. Exp.[tex]40,000[/tex] )
Your firm has a debt-equity ratio of .75. Your pre-tax cost of debt is 8.5% and your required return on assets is 15%. What is your cost of equity if you ignore taxes? (Use MM Prop II, No Tax).
A. 11.25%
B. 12.21%
C. 16.67%
D. 19.88%
E. 21.38%
Answers
Answer:
D. 19.88%
Explanation:
The computation of the cost of equity is shown below:
Cost of equity = Return on assets + Debt equity ratio × (Return on assets -pre tax cost of debt)
= 0.15 + 0.75 × (0.15 - 0.085)
= 0.19875 or 19.88%
Hence, the correct option is D. 19.88%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
an example of how product characteristics influence transporation is that if a product is high density
Answers
a. It is heavy for the space it takes up, and will maximize the weight allowed when the trailer is not very full by volume
b. The truckload shipment will be very heavy, and you will have to pay more
c. It will move slowly because it is heavy
d. All of the above
e. Only a and c
answer:
d. All of the above
Explanation:
given the answer options above to this question, at a particular freight volume, only a particular weight can be allowed. for option a,A high product density and a truck whose volume is not full might cause a problem because the product is going to be more than the required weight for that volume. At a given weight, a particular amount is charged. for option b, More weight means more payment will be required to be made. Since the weight will be more then the payment to be made will be more. Option c is easily understandable. Hence, the options a,b,c are correct. Therefore correct answer is d which is All of the above.
International trade specialists that buy goods at a discount from a small businesses and resell them abroad are called
A. commission house brokers
B. exporting trade companies
C. business trade unions
D. domestic channel companies
Answers
Answer: B. exporting trade companies
Explanation:
Trade unions are the organisations that are out in place so as to protect the interest of workers. They negotiate for better wages and salaries, provide job security, and seek better working conditions for their workers.
Export trading company is simply referred to as an independent company that helps in the provision of support services to the companies that are involved in the exportation of goods and services.
Commission house brokers is simply an individual who helps in representing people who have properties.
Therefore, the answer is exporting trade companies.
If the Titanic sank somewhere in the Atlantic Ocean, how do you think the news reached people in England and New York at that time? Indicate any form of communication you might think of that is existing during that time.
Answers
Answer:
Boat
Explanation:
When an investor group or institutional investment firm buys stock in a company in anticipation of the stock going up, with no intention of holding the stock as part of a long-term strategy of investing, and then selling the stock to make a quick profit is known as:__________.
a. Shorting stock
b. Capital asset pricing
c. Simplification
d. Derivative inversion
e. Arbitrage
Answers
Answer:
The correct answer is the option A: Shorting stock.
Explanation:
To begin with, in the world of the investments the term known as "Short Selling" refers to trading strategy that is famously known due to the fact that is totally speculative because the investor who buys the stock does not plan on keeping it for a long period of time but instead he plans to sell right away once that the price has risen up from its original price. Therefore that when an institutional investment firm buys stock in a company in anticipation of the stock going up with no intention of holding the stock and then selling to make a quick profit then the investors are selling in short
You invested in a 3-month certificate of deposit at your bank. Your investment was $1,902, and at the end of the term you will receive $2,178.
a. What is the holding period return (HPR) on your investment? (Round your answer to 2 decimal places.)
b. What is the annual percentage rate (APR)? (Round your answer to 2 decimal places.)
c. What is the effective annual rate (EAR)? (Round your answer to 2 decimal places.)
Answers
Answer and Explanation:
The computation is shown below:
a. Holding period return would be
= Income + (End of Period Value - Initial Value) ÷ Initial Value
= 0 +($2,178 - $1,902) ÷ $1,902
= 0 + $276 ÷ $1,902
= 14.51%
b. The annual percentage rate is
For 3 months, the rate is 14.51%
Now
For 12 months, it is
= 14.51% ÷ 3 × 12
= 14.51 % × 4
= 58.04%
c. The effective annual rate is
= ( 1 + r ÷ m)^m - 1
= (1 + 58.04% ÷ 4)^4 - 1
= (1 + 0.5804 ÷ 4)^4 - 1
= (1 + 0.1451)^4 - 1
= (1.1451)^4 - 1
= 1.719387079 - 1
= 0.719387079 or 71.94%
Which approach is a positive way to deal with conflicts?
Answers
Answer:
trying to evaluate the situation from all diff perspectives
An entrepreneur founded his company using $200,000 of his own money, issuing himself 200,000 shares of stock. An angel investor bought an additional 100,000 shares for $200,000. The entrepreneur now sells another 400,000 shares of stock to a venture capitalist for $1 million. What is the post-money valuation of the company?
Answers
Answer:
the post money valuation of the company is $1,750,000
Explanation:
The computation of the post money valuation is shown below:
Given that
Value of 400,000 shares is $1 million.
So,
The Value of 1 share is
= $1 million ÷ 400,000
= $2.5
And,
Total number of shares is
= 400,000 + 200,000 + 100,000
= 700,000
Now
Total value of shares is
= $2.5 × 700,000
= $1,750,000
hence, the post money valuation of the company is $1,750,000
Susan Pinsky's checking account had a balance of $137.66. She wrote a check for $23.62 on September 3. On September 7, the bank made an automatic transfer (AT) of $25.41 to pay her phone bill. She made a deposit of $146.24 on September 12. What is the new balance Pinsky's account?
Answers
Answer:
$234.87
Explanation:
Pinky's new balance will be the opening balance plus additional. Deposits minus withdrawals. The new balance will be the starting balance plus cash-in minus the cash-out.
Starting balance =$137.66
Cash-in: $146.24
Cash-out : check $23.62 + (AT) of $25.41 =$49.03
New balance = $137.66 + $146.24 - $49.03
=$283.9- 49.03
=$234.8
On its first day of trading, Twitter closed at $41.57 per share. Two years later and the price was $26.85, what was the annual return on the stock if returns are compounded daily?
A. 21.86%.
B. -21.85%.
C. -5.99%.
D. -19.63%.
Answers
Answer:
B. -21.85%.
Explanation:
Calculation for the annual return on the stock
First step is to calculate the Number of periods
Number of periods = 2 * 365 days in a year
Number of periods= 730
Second Step is to calculate the Daily return using this formula
Daily return = (Future value / initial value)^1/n - 1
Let plug in the formula
Daily return = (26.85 / 41.57)^1/730 - 1
Daily return = (0.645898)^1/730 - 1
Daily return = 0.999401 - 1
Daily return = -0.00059861*100
Daily return = -0.059861%
Last step is to calculate annual return
Using this formula
Annual return=Daily return/ Numbers of days in a year
Annual return = -0.059861% * 365
Annual return = -21.85%
Therefore the annual return on the stock if returns are compounded daily will be 21.85%
