Answer:
1 ) Variable Overhead Rate Variance = ( SR - AR )* AH
= ( $21 - $20) 3,500
= $3,500 Favorable
2 ) Labor Rate = ( SR - AR )* AH
= ( $24 - $24.9) 2,290
=$2,061 U
Explanation:
TOTAL = Standard cost - Incurred cost
Standard Cost = $70,000 + $4,550
= $74,550
Standard Rate = $74,550 / 3,550
= $21
cost incurred = AR * machine hours
cost per machine hour = $70,000/3,500
=$20
2) Labor Rate = ( SR - AR )* AH
= ( $24 - $24.9) 2,290
=$2,061 U
AR = $57,021/2,290 = $24.9
AR = Actual Rate
SR = Standard Rate
AH = Actual hours
Answer:
c. tenants by the entirety.
Explanation:
-Community property owners means that a property owned by a married couple is divided equally.
-Joint tenants is an agreement in which two people own a property with the same rights and obligations.
-Tenants by the entirety is an arrangement in which a married couple own a property and the husband or the wife can't sell it without the consent of the other.
-Tenants in common is an agreement in which two or more people own a property and they can have different percentages.
According to this, Kelly and Lon own the lodge as tenants by the entirety.
Answer:
B) 15 decision variables, 8 supply/demand constraints.
Explanation:
To determine the number of decision variables all we have to do is multiply the number of groves by the number of processing plants = 3 x 5 = 15. There are 15 possible ways that oranges can go from one specific grove to one specific processing plant.
To determine the supply/demand constraints we add the number of groves (supply) and processing plants (demand) = 3 +5 = 8
Having very flexible hours and being able to travel. This was due to his business only required a computer and internet access so he was able to work from anywhere as long as he had these things. Also the freedom to go from idea to reality quickly.
Answer:
The correct answer is, $121.2
Explanation:
You went for grocery and paid the bill through check.
Amount of grocery purchased: $45.20
You check bounced and you owe bank $25 because you didn't have much balance in your account that you paid for the groceries.
Your bank did an additional transaction of debiting your account with $25 for the bouncing of your check.
Grocery store sent you the letter to tell that you owe them $25 for the bounced check
You will have to pay again $45.20
Money order fee: $1
So the amount that you actually spent on groceries would be:
$45.2(real grocery amount) + $25(you owe to bank for bouncing your friend's check) + $25( Your check bounced) + $25(grocery store charged due to bounced check) + $1(money order)
= $121.2
So you are actually charged $ 121.2 for the groceries.
