Answer: True
Explanation:
The Marketing Control Statement is quite beneficial to marketers as it avoids fixed costs and shows them the variable and programmed costs both of which can be controlled. This enables them to know what they need to and can change in a way that they can come up with an optimal marketing mix to ensure profitability.
It is also a very uncomplicated statement to prepare which further ingratiates it to marketers who would like to avoid all the jargon of income statements.
Answer:
The predetermined manufacturing overhead rate per direct labor hour will be $32
Explanation:
The formula to compute the predetermined manufacturing overhead rate is shown below:
= (Estimated manufacturing overhead) ÷ (Estimated direct labor hours)
where,
Estimated manufacturing overhead = Wages of factory janitors + Utilities for factory + Rent on factory building
= $39,900 + $17,000 + $13,900
= $70,800
And, the estimated direct labor hours is 2,200 machine hours
Now put these values to the above formula
So, the value would equal to
= $70,800 ÷ 2,200 machine hours
= $32.18
The thing that Eldrick bought is called: Tax certificate
A tax certificate is a document that given to purchasers whenever they're biying an fixed asset (such as building , land, or other type of property).
The purchaser will obtain the right of the taxation account for the specific property and the tpayment will be transferred to the purchaser in the future
Answer:
Variable Overhead Rate Variance $
Variable Overhead Efficiency Variance $
Variable Overhead Spending Variance $
Explanation:
Variable overhead rate variance = actual variable overhead - (actual direct hours x standard rate) = $9,510 - (16,200 x $0.80) = $9,510 - $12,960 = -$3,450 Favorable
Variable overhead efficiency variance = (actual labor hours - standard hours) x standard rate = (16,200 - 15,120) x $0.80 = 864 Unfavorable
Variable overhead spending variance = actual hours x (actual rate - standard rate) = 16,200 x ($0.59 - $0.80) = 16,200 x (-$0.21) = -$3,402 Favorable
