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1 year ago

Given the following information for Albright Company, what was the factory overhead cost variance?

Business

1 answer:

Lera25 [3.4K]1 year ago

6 0

Answer:

The correct answer is option (b) unfavorable

Explanation:

From the question given

We solve for the factory overhead cost variance to know whether it is favorable or unfavorable.

Solution

The Total cost variance for manufacturing = Standard Cost at Actual Volume - Actual costs

Thus,

= 196,500-202,100

= $5,600 unfavorable

Therefore the overhead cost of variance is = $5,600 which is unfavorable

Correct option is b.

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For product W, a firm has an annual holding cost percentage of 20%, an ordering cost of $110 per order, and annual demand of 15,

Rudiy27

Answer:

812.40 units

Explanation:

Given that,

Annual holding cost percentage = 20%

Ordering cost = $110 per order

Annual demand = 15,000 units

Units Ordered - Price Per Unit

1-250 - $30.00

251-500 - $28.00

501-750 - $26.00

751 and up - $25.00

Optimal order quantity:

= $\sqrt{\frac{2\times Annual\ demand\times Cost\ per\ order}{Holding\ cost} }$

= $\sqrt{\frac{2\times 15,000\times 110}{25\times0.2} }$

= $\sqrt{\frac{3,300,000}{5} }$

= 812.40

Therefore, the optimal order quantity is 812.40 units.

3 0

1 year ago

For more than a thousand years, the Catholic Church required its members to abstain from meat on Fridays. Catholics customarily

bonufazy [111]

Answer:

Option (b) is correct.

Explanation:

Before 1966, Catholics were restricted from consuming meat on Fridays and they ate fish on Fridays. But after 1966, there were no such restrictions are there and they are free to eat meat on Fridays, now Catholics also consume meat on Fridays.

This will result in an increase in the demand for meat and demand for fish decreases. So, this will shift the demand curve of fish leftwards and demand curve of meat rightwards.

4 0

1 year ago

Hensely Company, which produces and sells a small digital clock, bases its pricing strategy on a 25 percent markup on the total

Romashka-Z-Leto [24]

Answer:

<u>Contribution margin income statement for the special order-8,000</u>

Sales (8,000× $12) 96,000

Less Variable Costs ($ 240,000/25,000×8,000) (76,800)

Contribution 19,200

Less Fixed Costs 0

Net Income 19,200

The special order results in an incremental income of $19,200, therefore Hensely should accept the special order.

Explanation:

The Fixed Costs are irrelevant for this decision since Hensely has excess capacity and incurrs the expense whether or not the special order is accepted.

<u>Contribution margin income statement for the special order-8,000</u>

Sales (8,000× $12) 96,000

Less Variable Costs ($ 240,000/25,000×8,000) (76,800)

Contribution 19,200

Less Fixed Costs 0

Net Income 19,200

The special order results in an incremental income of 19,200, therefore Hensely should accept the special order

5 0

2 years ago

___ is a portfolio-planning tool for identifying company growth opportunities through market penetration, market development, pr

pentagon [3]

Answer:

Product market expansion grid

Explanation:

Product market expansion grid -

It is used to plan for the company , when the company is indeed of expanding , is referred to as Product market expansion grid .

The strategy or information required for the company to increase sale of the goods and services or introducing a new product in the upcoming market , uses this plan.

Hence , from the given information of the question,

The correct term is Product market expansion grid .

8 0

1 year ago

Work specialization contributes to higher employee productivity, but at the price of __________. Select one: a. Reduced economie

Yakvenalex [24]

Answer:

The correct answer is letter "D": Reduced job satisfaction.

Explanation:

Work specialization refers to limiting the number of activities to employees so they can focus on determining duties only. This is implemented in an attempt of mastering workers in performing the work they are assigned to do. However, work specialization brings automation which does not allow employees to develop their skills at work and, consequently, leads to reduced job satisfaction.

6 0

2 years ago