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Ira Lisetskai [31]
2 years ago
8

Petrus Framing's cost formula for its supplies cost is $1,730 per month plus $11 per frame. For the month of March, the company

planned for activity of 613 frames, but the actual level of activity was 618 frames. The actual supplies cost for the month was $8,670. The activity variance for supplies cost in March would be closest to: Multiple Choice $55 F $55 U $197 U $197 F
Business
1 answer:
Stells [14]2 years ago
7 0

Answer:

-$55  U

Explanation:

For computation of activity variance for supplies cost in March first we need to find the budgeted activity of standard supplies cost and actual activity of standard supplies cost is shown below:-

Budgeted activity of standard supplies cost = Supplies cost + Per frame cost × budgeted Activity frames

= $1,730 + $11 × 613

= $1,730 + $6,743

= $8,473

Actual activity of Standard supplies cost = Supplies cost + Per frame cost × Actual activity frames

= $1,730 + $11 × 618

= $1,730 + $6,798

= $8,528

So, activity variance for supplies cost = Budgeted activity of standard supplied cost - Actual activity of Standard supplies cost

= $8,473 - $8,528

= -$55

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XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank
antiseptic1488 [7]

Answer:

The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

Explanation:

payable obligation = 750,000,000 YEN

premium payable on call option = 750,000,000*0.012

                                                      = $90,000

the interest rate is 6%

future value of call option premium = $90,000(1+0.06)

                                                           = $95,400

As the expected future spot price is 109 YEN per dollar which is higher than exercise price of $0.0086

Amount payable under call option = (750,000,000*$0.0086)+$95400

                                                          = $6,545,400

Therefore, The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

6 0
2 years ago
Chocolates R' Us, Inc is owned equally by Desi and his wife Lucy, each of whom hold 550 shares in the company. Lucy plans to red
soldi70 [24.7K]

Answer:

Chocolates R' Us, Inc.

Family hostility cannot be used as an argument to void the family attribution rules.

Lucy is still legally married to Desi.  What the husband, Desi, therefore, owes, she owes equally despite their separation and her intention to reduce her ownership in their joint company.

Explanation:

Family Attribution Rules:  Section 318 of the Internal Revenue Code says an individual shall be considered as owning the stock owned, directly or indirectly, by or for his spouse and his children, grandchildren, and parents, including legally adopted children.

3 0
2 years ago
Your teammates, Sara and Juan, are having difficulty cooperating with one another even though their individual assignments are h
Kaylis [27]

Answer: Have them work on their own and only meet with the rest of the team when absolutely necessary.

Explanation:

From the question, we are informed that Sara and Juan, are having difficulty cooperating with one another even though their individual assignments are highly related.

To improve their cooperation, the best thing to do is to have them work on their own and only meet with the rest of the team when absolutely necessary.

8 0
2 years ago
Scott consumes only two goods, rice and soup. His preferences are complete, transitive, monotonic and convex. When the price of
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Answer:E(none of the above)

Explanation:

3 0
2 years ago
Mr. Jones has a monthly income of $5,600. He wants to identify his monthly variable expenses to see if they are more than 38% of
Tanzania [10]

Answer:

The variable expense is 36% of monthly expense i.e $2,016.

Explanation:

Data provided in the question:

Monthly income of Mr. Jones = $5,600

Fixed expenses = $2,912

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Now,

Variable expense  = Monthly income - Fixed expenses - Net income

= $5,600 - $2,912 - $672

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Percent of variable expense = \frac{2,016}{5,600}\times100=36\%

Hence, the variable expense is 36% of monthly expense i.e $2,016.

4 0
2 years ago
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