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Nezavi [6.7K]
2 years ago
10

Bressman Inc. has provided the following data concerning one of the products in its standard cost system.

Business
1 answer:
Ad libitum [116K]2 years ago
4 0

Answer:

$268 Favorable

Explanation:

Variable overhead variance can be computed by using the following formula,

Budgeted hours = 0.20/unit

Variable overhead efficiency variance

= Standard Overhead rate * (Actual Hours - Standard Hours)

= 6.7 * ( 1,820 - (9300*0.2))

Efficiency variance = $268 Favorable, as actual hours for actual activity are less than standard hours at actual activity.

Hope that helps.

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Which of the following statements does not accurately describe the fair-value method of accounting?
Mama L [17]

Answer: Option (A)

Explanation:

Fair values mostly tends to exist for the marketable security but this in terms does not state that this method is applicable. For instance if investor tends to control the entity with the traded equity, therefore the investment is centralized and thereby, fair-value method of accounting is not being used.

Therefore, from the given options we can state that option (A) does not precisely describes the fair value method.

8 0
2 years ago
A division has the following data: Sales $320,000, Variable costs $200,000, and Fixed costs $140,000. If the division were elimi
pashok25 [27]

Answer:

Effect on income= $120,000 loss

Explanation:

Giving the following information:

Sales $320,000

Variable costs $200,000

Fixed costs $140,000.

None of the fixed costs are avoidable. Therefore, they shouldn't be taken into account to make the decision.

Effect on income= Sales - varaible cost

Effect on income= 320,000 - 200,000= $120,000 loss

4 0
2 years ago
In considering the arguments for the relevance of dividends, which of the following statements is/are correct? a. Shareholders w
stealth61 [152]

Answer:

The correct answer is letter "A": Shareholders who are risk averse may prefer some dividends over the promise of future capital gains.

Explanation:

A dividend is a cash distribution by a company to its shareholders out of the profits of a period. Capital Gain refers to the increase in the value of a capital asset or an investment upon sale. From the two of them, dividends are safer investments since they do not rely exclusively on the sales of an asset.  

Thus, a conservative investor is likely to choose dividends over the promise of capital gains.

5 0
2 years ago
Falmouth Corporation's debt to equity ratio is 0.6. Current liabilities are $120,000, long term liabilities are $360,000, and wo
Digiron [165]

Answer:

$1,280,000        

Explanation:

We know that

Debt to equity ratio = Debt ÷ total equity

0.6 = $360,000 + $120,000 ÷ total equity

0.6 = $480,000 ÷ total equity

So, the total equity = $800,000

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

                    = $480,000 + $800,000

                    = $1,280,000

8 0
2 years ago
Use the PACED decision-making process to make the decision for Brent. Show your work.
NikAS [45]

Answer:

se the PACED decision-making process to make the decision for Brent. Show your work

Explanation:

7 0
2 years ago
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