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Aleks04 [339]
2 years ago
13

Pleiss Corporation applies manufacturing overhead to products on the basis of standard machine-hours.

Business
1 answer:
Zigmanuir [339]2 years ago
3 0

Answer:

$24 favorable

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual machine hours - standard machine hours) × variable overhead per hour

where,  

Actual machine hours is 2,270 machine hours

The standard machine hours is 2,280 hours and the standard variable manufacturing overhead rate is $2.40

Now put these values to the above formula  

So, the value would equal to

= (2,270 hours - 2,280 hours) × $2.40

= $24 favorable

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8 0
1 year ago
An American-style call option with six months to maturity has a strike price of $35. The underlying stock now sells for $43. The
Travka [436]

Answer:

a) $8

b) $4

c) Decrease

Explanation:

Background.

A call option as you probably know, is an agreement to buy an asset on or before a particular day at a price already determined in the agreement.

a) the Intrinsic value of the option is the market price minus the strike price.

Intrinsic Value = Market Price - Strike price

= $43 - $35

= $8 per share.

It is worthy of note that for an option, of the intrinsic value dips into negative figures it is just said to be 0.

b) To calculate the time value, we subtract the intrinsic value from the call premium

= Call Premium - Intrinsic value

= $12 - $8

= $4

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8 0
1 year ago
Birk Co. uses a job order cost system. The following debits (credits) appeared in Birk's work-in-process account for the month o
svp [43]

Answer:

The amount of direct materials charged to Job No. 5 is $5,200.

Explanation:

Work in process, April 30 = Balance + Direct material + Direct labor + Factory overhead - Cost of finished goods

                                            = $4,000 + 24,000 + 16,000 + 12,800 - 48,000

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Job No 5 = Work in process, April 30 = $8,800

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Therefore, The amount of direct materials charged to Job No. 5 is $5,200.

5 0
1 year ago
Bailey Company uses a periodic inventory system and its inventory records contain the following information: Units Total Cost Be
Gala2k [10]

Answer:

Ending inventory cost= $1,494

Explanation:

Giving the following information:

Beginning Inventory: 300 $780

Purchases:

May 10: 400 units for $1,170

June 15: 500 units for $1,260 ($2.52 per unit)

August 28: 300 units for  $990 ($3.3 per unit)

The company had 500 units were in its ending inventory at the end of the year.

Under FIFO (first-in, first-out), the ending inventory cost is calculated using the cost of the last units incorporated.

Ending inventory cost= 300*3.3 + 200*2.52= $1,494

5 0
2 years ago
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