Answer:
a) Sales volume variance = $1496000 unfavorable
flexible-budget variance = $192000 favorable
b) For direct materials
Price variance = `$135000 unfavorable
efficiency variances = $527920 favorable
For direct manufacturing labor
Price variance = `$36600 unfavorable
efficiency variances = $914815 favorable
Explanation:
a) Sales volume variance = (Actual units sold - Budgeted units sold) x Budgeted price per unit = (4800 - 7000) × $680 = $1496000 unfavorable
flexible-budget variance = (Actual price - Budgeted price) x Actual units sold= ($720 - $680) × 4800 = $192000 favorable
b) For direct materials
Price variance = (Actual cost - standard cost) x Actual quantity of units purchased = ($5.95/ pound - $8/pound) × 66000 pound= `$135000 unfavorable
efficiency variances = (Actual unit - Standard unit) x Standard cost per unit = (66000 pound - 10 pound) × $8 per pound= $527920 favorable
For direct manufacturing labor
Price variance = (Actual cost - standard cost) x Actual hours = ($48/hour - $50/hour) × 18300 hours = `$36600 unfavorable
efficiency variances = (Actual hours - Standard hours) x Standard cost per hour= (18300 hour - 3.7 hour) × $50/hour = $914815 favorable
Answer:
the $500,000 that the old production line costed must be treated as a sunk cost. Sunk costs are costs that have already been incurred and the firm cannot recover them no matter what they do. in this case, since ankle-length skirts are out of fashion, the production is useless and is worth $0.
Explanation:
Because in <u>accumulation of wealth, older people have an advantage</u>.
Explanation:
Older people tend to have more money simply because:
<u>1. they have had longer careers and hence are expected to have better salaries with better positions</u>
<u>2. they have had more time to save up capital and invest.</u>
Every age group chronologically is more able to collect money in their working years. Young people starting their careers are less likely to be able to accumulate wealth to have a worth that much.
A) Mendez's ethical responsibilities are,
1)Competence
2)Confidentiality
3)Integrity
4)Credibility
B)The responsibilities of mendez if dalton gives her a direct order to book the sales are explained below.
Explanation:
1)
Integrity
Cometence
Credibility
IMA is highly regarded organization for accountants and finance professionals. The following four standard to which the organization holds CMA's accountable are
1)Competence
2)Confidentiality
3)Integrity
4)Credibility
2)
Mendez should refuse to follow dalton's orders and if dalton persists, the incident should be reported to the corporate controller of hester shoe company. Support for the linc managers should be wholehearted, but it should not require unethical conduct.
Answer:
$9,744
Explanation:
In the case of the annual IRS depreciation deduction, the time period for each category assets are different. Like for commercial real estate, the time period is 39 years, for residential real estate, it would be 27.5 years.
The computation is shown below:
= (Purchase value of professional office center × remaining percentage) ÷ (applicable time period)
= ($475,000 × 80%) ÷ (39 years)
= ($380,000) ÷ (39 years)
= $9,744
