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earnstyle [38]
2 years ago
4

Synergy Inc. produces plastic grocery bags. Synergy has developed a static budget for the month of July based on 10,000 direct l

abor hours. During the quarter, the actual activity was 12,000 direct labor hours. Data for July are summarized as follows: Static budget (10,000 hours) Actual costs (12,000 hours) Direct materials cost $ 86,000 $108,000 Power 30,000 37,000 Salary of plant supervisor 7,000 7,000 Total $123,000 $152,000 What is the flexible budget variance for July
Business
1 answer:
astra-53 [7]2 years ago
5 0

Answer:

$146,200

Explanation:

The computation of flexible budget variance for July is given below:-

Direct materials cost = $86,000 ÷ 10,000 × 12,000

= $103,200

Power = $30,000 ÷ 10,000 × 12,000

= $36,000

Salary of plant manager = $7,000

Flexible budget variance for July = Direct materials cost + Power +  Salary of plant manager

= $103,200  + $36,000  + $7,000

= $146,200

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Scenario: NewTel, Inc.
dlinn [17]

Answer:

E. goal incompatibility.

Explanation:

Analyzing the scenario above, it is possible to see that the cause of the conflict is due to incompatibility of goals, that is, there are different objectives and goals between the teams and organizational departments, which causes a lack of consensus that culminates in the conflict.

This is a negative situation for the company, which is a set of systems that must operate in favor of the same objectives and goals. in order to listen to all the parties involved, and then start from a principle where everyone feels heard and integrated in the development of organizational goals, creating an environment of trust and positive relationship in the company.

6 0
1 year ago
The General Fund levies property taxes in the amount of $1,000,000 for calendar year 2019. It expects to collect $950,000 during
Musya8 [376]

Answer:

Under the accrual basis, it should recognize $1,000,000 as property tax revenue for the year 2019.  The remaining $45,000 that it does not collect in year 2019 will be accounted for as Property Tax Receivable while the $5,000 will be recorded as Uncollectible Expense in 2019.

Explanation:

The accrual concept or basis of accounting requires that all revenues and expenses relating to a fiscal year be recognized in that accounting year.  It is not only the actual cash receipts and payments that should be recognized.  This means that any revenue that is due but not yet received will be accounted for in the year that the revenue arises.  And all the related expenses for raising the revenue will also be accounted for in the same year.

8 0
2 years ago
If the marginal cost of producing the tenth unit of output is $3, and if the average total cost of producing the tenth unit of o
Dahasolnce [82]

Answer:

True

Explanation:

Since marginal cost is above the average total cost so average total cost is rising.

8 0
2 years ago
You must estimate the intrinsic value of Noe Technologies’ stock. The end-of-year free cash flow (FCF1) is expected to be $27.50
emmasim [6.3K]

Answer:

= $52.78 per share

Explanation:

<em>The value of a business can be determined using the free cash flow model. According to this model, the value of a firm is is the present value of its free cash flow discounted at the weigthed average cost of capital (WACC.)</em>

<em>The value of equity is the value of firm less value of other instruments (e.g debt and preferred stocks)</em>

<em>Value of equity = Value of the entire firm - Value of debt </em>

We can work out the the value per share using the steps below:

<em>Step 1</em>

<em>Calculate the total value of the firm</em>

Value of firm =  27.50/(0.1-0.07)

 = $916.66 million

<em>Step 2</em>

<em>Calculate the value of equity</em>

<em>Value of equity = Value of the entire firm - Value of debt</em>

= $916.66 million - $125.0 million

=791.666 million

<em>Step 3</em>

<em>Calculate the value per share</em>

Value per share = Value of equity/ units of common stock

=$791.666 million/15 million units

= $52.78 per share

3 0
2 years ago
Uptown industries just decided to save $3,000 a quarter for the next three years. The money will earn 2.75 percent, compounded q
Ber [7]

Answer:

Uptown industries have to deposit today $4,145.

Explanation:

To find the final capital at the end of the third year, we use the compound interest formula:

Final Capital (FC)= Initial Capital (IC)*[(1+interest(i))]^(number of periods(n))

FC=$3000*[1+2.75%]^(12)

FC= $4,145.35

Then, Uptown industries have to deposit today $4,145.

6 0
2 years ago
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