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AVprozaik [17]
1 year ago
14

Porter Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product.

The allocation base for variable overhead costs is direct labor hours. At the beginning of the​ year, the static budget for variable overhead costs included the following​ data: Production volume 6 comma 400 units Budgeted variable overhead costs $ 13 comma 500 Budgeted direct labor hours​ (DLHr) 640 hours At the end of the​ year, actual data were as​ follows: Production volume 4 comma 200 units Actual variable overhead costs $ 15 comma 300 Actual direct labor hours​ (DLHr) 485 hours What is the variable overhead efficiency​ variance? (Round any intermediate calculations to the nearest​ cent, and your final answer to the nearest​ dollar.)
Business
1 answer:
kkurt [141]1 year ago
5 0

Answer:

1,370.85 Unfavorable

Explanation:

Standard rate :

= Budgeted variable overhead costs ÷ Budgeted direct labor hours

= $13500 ÷ 640

Direct labor hours = $21.09 per direct labor hour

Standard time to produce goods :

= Budgeted direct labor hours  ÷ Production volume

= 640 ÷ 6,400

= 0.10 hours

VOH Efficiency Variance

= ( SH − AH ) × SR

where,

SH are standard direct labor hours allowed

AH are the actual direct labor hours

SR is the standard variable overhead rate

(SH − AH ) × SR

= [(4,200 × 0.10) - 485] × $21.09

= (420 - 485) × $21.09

= 1,370.85 Unfavorable

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Synergy and Dynaco are the only two firms in a specific high-tech industry. They face the following payoff matrix as they decide
Savatey [412]

Answer:

Explanation:

Synergy's Decision Large Budget Small Budget Dynaco's Decision Large Budget $20 million, $25 million $15 million, $0 Small Budget $0, $60 million $25 million, $30 million If Synergy believes

If synergy believes dynaco will go with a large budget that synergy should choose large budget

If synergy believes dynamo will go with small budget than synergy should go large budget

Therefore synergy does have dominant strategy

If Dynaco believes synergy will go with large budget than he will choose large budget and

If he belies synergy will go small budget than he will also choose small budget

Dynaco doesnot have dominant strategy

True,it has Nash equilibrium as (large budget,large budget)

7 0
1 year ago
At the beginning of the month, Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end o
finlep [7]

Answer:

The adjusting entry that should be recorded at the end of the accounting period:

Debit Unearned revenue $500

Credit Revenue $500

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

Bobcat Boards and Skis received $800 in advance for future services to be performed. At the end of the month, $300 worth of services were still owed to the customer.

The value of services were performed = $800 - $300 = $500.

The adjusting entry:

Debit Unearned revenue $500

Credit Revenue $500

6 0
2 years ago
A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i
dsp73

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

4 0
1 year ago
Mojo Mining has a bond outstanding that sells for $2,120 and matures in 18 years. The bond pays semiannual coupons and has a cou
Eddi Din [679]

Answer:

D. 3.66%

Explanation:

For computing the after tax cost of debt we need to apply the RATE formula i.e to be shown in the attachment

Given that,  

Present value = $2,120

Future value or Face value = $2,000

PMT = $2,000 × 6.6% ÷ 2 = $66.60

NPER = 18 years × 2 = 36 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

1. The pretax cost of debt is 3.05% × 2 % = 6.10%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 6.10% × ( 1 - 0.40)

= 3.66%

4 0
2 years ago
In order to generate the desired workforce skill, competencies, and behaviors that a firm needs to achieve its strategic goals,
nordsb [41]

Answer:

In order to generate the desired workforce skill, competencies, and behaviors that a firm needs to achieve its strategic goals, human resource management must first develop <u>HR policies</u>

Explanation:

Human resources (HR) policies are policies put in place as a form of guidance and protection for every worker within an organization.

When the issues that may arise among workers are sorted via HR policies, company can achieve its strategic goals effectively.

These policies include:

  1. At-will employment
  2. Anti-harassment and non-discrimination
  3. Employment classifications
  4. Leave and time off benefits
  5. Meal and break periods
  6. Timekeeping and pay
  7. Safety and health
  8. Employee conduct, attendance and punctuality
6 0
2 years ago
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