Answer:
Variable overhead efficiency variance= $14,400 favorable
Explanation:
Giving the following information:
Budgeted Actual
Production 30,000 units 24,000 units
Machine-hours 15,000 hours 10,800 hours
Variable overhead cost per machine-hour: $12.00 $11.25
To calculate the variable overhead efficiency variance, we need to use the following formula:
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Variable overhead efficiency variance= (12,000 - 10,800)*12
Variable overhead efficiency variance= $14,400 favorable
Answer:
$190,000
Explanation:
Calculation for total book tax expense
Using this formula
Total book tax expense=Total book tax expense+Valuation allowance
Let plug in the formula
Total book tax expense=$160,000+$30,000
Total book tax expense=$190,000
Therefore Daisy's total book tax expense will be $190,000
b. decrease in exports in the economy.
c. increase in imports in the economy.
d. leakage in spending in the economy.
Answer:
d. leakage in spending in the economy.
Explanation:
In the economy firms spend money on labour, input, and business expansion. While in the personal household there is spending on food, rent, and other expenses.
When money is taken out of this cycle and not used for a particular purpose then it is considered to be a leakage.
Leakages include taxes savings and imports.
Savings occurs when an individual has excess income and decides to reserve some for a future use. This fund does not have a particular use in the economy so it is considered to be a leakage.
Answer:
D. Leakage in spending in the economy.
Explanation:
It is observed that if consumers have a rise in their wages, they tend to benefit and this helps the economic situation of the said country or nation as seen in some economies of the world lately. Also alteration in interest rates can have different consumer effects which ranges from spending habits depending on a number of factors to other habits that may end up boosting the economy also current rate levels, expected future rate changes, confidence of the consumer, and the overall health of the economy.
Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as long as it receives more than ------ of jeans for each pair of shoes it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than--------- of shoes for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?
4 pairs of jeans per pair of shoes, 1 pair of jeans per pair of shoes, 6 pairs of jeans per pair of shoes, 2 pairs of jeans per pair of shoes
Answer:
By comparing the opportunity cost of producing shoes in the two countries, you can tell that SPAIN has a comparative advantage in the production of shoes and GERMANY has a comparative advantage in the production of jeans.
Suppose that Spain and Germany consider trading shoes and jeans with each other. Spain can gain from specialization and trade as long as it receives more than 3 PAIRS of jeans for each pair of shoes it exports to Germany. Similarly, Germany can gain from trade as long as it receives more than ¹/₁₁ PAIR of shoes for each pair of jeans it exports to Spain.
Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of jeans) would allow both Germany and Spain to gain from trade?
Explanation:
Opportunity costs refer to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Spain specializes in the production of shoes, it will not produce jeans anymore. The opposite would happen to Germany.
donald duckers?What a wierd username
Answer:
a) Maximum no. of shares that the company can issue
= Total Authorized Shares - Shares Outstanding
= 2100000 - 1400000
= 700,000
b) Number of shares to be issued to raise $44,000,000 at $55 per share
= 44,000,000 / 55
= 800,000
No, the firm would not be able to raise the needed fund.
c) The company will have to increase the number of authorized shares which would involve making amendments to its charter of incorporation. The amendments to the charter can be done only by vote of the existing shareholders.
Required:
1. What variable overhead cost should have been incurred to fill the orders for the 120,000 items? How much does this differ from the actual variable overhead cost?
2. Break down the difference computed (1) above into a variable overhead rate variance and a variable overhead efficiency variance.
Answer:
The correct answers are as follows:
Numbers of items shipped 140000
Standard Direct labor-hours 0.03
Total direct labor- hours allowed 140000*0.03
= 4200
Standard direct labor cost per hour $3.05
Total standard direct labor cost 3.05*4200
=$12810
Actual cost incurred $15900
total standard direct labor cost $12810
Total direct labor variance = $15900-12810
$3090 F
---------
2. Labor rate variance = (Actual rate - Standard rate) x Actual hours worked
((15900/5300)-3.05)*5300
265 U
Labor efficiency variance = (Actual hours - Standard hours) x Standard rate
(5300-140000*0.03)*3.05
3355 F