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andriy [413]
2 years ago
13

Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data. Variable Costs Fixed Cos

ts Indirect materials $11,100 Supervisory salaries $35,400 Indirect labor 10,000 Depreciation 7,100 Utilities 7,400 Property taxes and insurance 7,700 Maintenance 6,000 Maintenance 6,000 Actual variable costs were indirect materials $14,800, indirect labor $9,300, utilities $9,800, and maintenance $4,800. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreciation, and property taxes and insurance. (a) Prepare a manufacturing overhead flexible budget report for the first quarter. (List variable costs before fixed costs.)
Business
1 answer:
nydimaria [60]2 years ago
3 0

Answer:

\left[\begin{array}{cccc}-&Budget&Variance&Actual\\IL&10,000&700&9,300\\IM&11000&-3,800&14,800\\Utilities&7,400&-2,400&9,800\\Maintenance&6,000&1,200&4,800\\Total  \: Variable&34,400&-4,300&38,700\\Supervisor&35,400&0&35,400\\Depreciation&7,100&0&7100\\PT and insurance&7,700&-600&8,300\\Maintenance&6,000&0&6,000\\Total \: Fixed&56,200&-600&56,800\\Total \: MO&90,600&-4,900&95,500\\\end{array}\right]

Explanation:

We list them and subtract budget - actual

When actual is greater than budget the variance is negatine.

While budget being lower than actual is considered a positive variance.

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D. Classifying and indexing web pages for search engines.

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4 0
2 years ago
While _______ decisions will generally need to be processed via the ______ system in our brains in order for us to reach a good
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Answer:

A. Nonprogrammed; reflective; programmed; reactive

Explanation:

Programmed decisions are those which occur more frequently and are quickly executed, almost instinctly, without needing much of a thought process, by what we call the reactive system.

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Therefore, the correct answer is A. Nonprogrammed; reflective; programmed; reactive

5 0
2 years ago
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Fuller Food Company distributes coupons which may be presented (on or before a stated expiration date) to grocers. The grocers a
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Answer:

1. c.$124,000

2. e.$46,000

Explanation:

The Fuller company has issued two bonds with separate coupons. The liability for unredeemed bond at December 31, 2012 is $124,000.

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Value of bond at expiration date is $300,000

720,000 / 300,000 = 2.4

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Using the amortization bond table we get $46,000.

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Choose all the scenarios below that would cause a decrease in the supply of labor in the agricultural industry.
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Answer:

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  • e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States.
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Explanation:

With workers getting older and being unable to be as productive as they used to be, they will have to drop out of industries that require physical strength including farming. This will therefore reduce people working in agriculture.

With global warming having made working in the fields much more harsh, people are avoiding careers that would keep them outdoors including farming which has led to a drop in the labor supply for agriculture.

A significant portion of workers in agriculture are immigrants so when immigration laws limit the number of immigrants coming in, labor supply in agriculture will reduce.

New machinery reduces the need for workers in agriculture so the more they are bought, the less workers are needed. This will therefore directly reduce the number of people working in agriculture.

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