Answer:
A) Price 7,080 U
B) Quantity 4,630.5 U
C) Total 11.710,5 U
Explanation:
DIRECT MATERIALS VARIANCES
std cost $3.45
actual cost $3.65
quantity 35,400
difference $(0.20)
price variance $(7,080.00)
std quantity 36110.00
actual quantity 35400.00
std cost $3.45
difference 710.00
quantity variance $2,449.50
Total Variance: 2,449.5 - 7,080 = -4.630,5
Answer:
Capacity utilization rate in October is 63.75%
Explanation:
Units produced in October = 18170
Units production in most efficient way = 28500
Capacity utilization rate in October = 18170 / 28500 = 0.6375
In percentage, it is 63.75%
Answer:
Papa Sean's Restaurant
Transactions that affect the Accounting Equation:
a. Increase one asset and decrease another asset.
Cash of $40,000 is received from customers on account.
b. Decrease an asset and decrease equity.
A wage expense of $56,000 is paid for the period
c. Decrease an asset and decrease a liability.
Suppliers are paid $67,000 on account.
d. Increase an asset and increase equity.
Customers are billed $90,000 for services rendered in the month.
e. Increase an asset and increase a liability.
The company purchases equipment worth $35,000 on account.
Explanation:
The accounting equation shows that for each financial transaction of a business affects at least two accounts and may involve the two sides of the accounting equation or affect two accounts on one side of the equation. This implies that the equation is always in balance. The accounting equation also explains the duality of business transactions.
Answer:
intrapreneurs
Explanation:
An intrapreneur is an employee who is tasked with developing an innovative idea or project within a company.
An intrapreneur works inside a company to develop an innovative idea or project that will enhance the company's future.
The intrapreneur is generally given autonomy to work on a project that may have a considerable impact on the company. Over time, an intrapreneur may turn into an entrepreneur.
Answer:
Estimated manufacturing overhead rate= $42 per direct labor hour.
Explanation:
Giving the following information:
Calculate the predetermined overhead rate for 2020, assuming Lott Company estimates total manufacturing overhead costs of $ 882,000, direct labor costs of $735,000, and direct labor hours of 21,000 for the year.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 882,000/21,000= $42 per direct labor hour.
