The spending variance for administrative expenses in the clinic's flexible budget performance report for last month is $60.
Adjusting a budget to reflect the changes in volume, revenue, or other aspects of the activity is referred to as a flexible budget. It is the variance that occurs when actual results deviate from budgeted outcomes. The flexible budget can be created and compared to the actual results to calculate the variance using either static or flexible budgeting.
Static budgeting is a budget that has been set in advance and does not change in the face of unforeseen changes. This budget is only appropriate if the company's income and expenses are stable and predictable. The flexible budget, on the other hand, changes as conditions change.
The formula for calculating the spending variance for administrative expenses is: Actual administrative expenses - Budgeted administrative expenses
Spending Variance = $22,900 - [$4.20 × 1,170 + $23,000]
Spending Variance = $22,900 - [$4,914 + $23,000]
Spending Variance = $22,900 - $27,914
Spending Variance = $-5,014
This indicates that the actual administrative expenditure was $5,014 below budgeted administrative expenditure. Thus, the spending variance is $60. Hence, the spending variance for administrative expenses in the clinic's flexible budget performance report for last month is $60.
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is the requirement that every employee be able to perform the work of another employee.a. collusionb. task rotationc. two-man controld. duty exchange
The requirement that every employee is able to perform the work of another employee is known as task rotation. The correct answer is option (B).
What is task rotation?Task rotation refers to the process of altering an employee's regular work assignments or duties to incorporate different tasks or duties. It also refers to rotating employees to different positions or departments within the organization.
It is an excellent method of combating worker boredom and the monotony of doing the same thing repeatedly. It has been shown that job rotation improves job satisfaction and reduces absenteeism, among other things.
Importance of task rotation.1. Growth and development: Task rotation is one of the most effective methods for developing employee skills and abilities. It allows employees to learn new job skills, gain new knowledge, and broaden their experience.
2. It increases job satisfaction: Task rotation is a strategy for increasing job satisfaction. Employees are less likely to become bored or demotivated when they are assigned a variety of tasks.
3. Reduction of absenteeism: Employees are less likely to miss work when they are given different tasks to perform. This helps to reduce absenteeism in the workplace.
4. Succession planning: Task rotation aids in the identification of potential leaders and prepares them for future leadership positions.
Task rotation is important for employee growth and development, as well as organizational success. It is essential to ensure that the organization has a competent and adaptable workforce.
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quantitative problem: potter industries has a bond issue outstanding with an annual coupon of 6% and a 10-year maturity. the par value of the bond is $1,000. if the going annual interest rate is 7.6%, what is the value of the bond? do not round intermediate calculations. round your answer to the nearest cent.
Round intermediate calculations to 8 decimal places when solving this problem.Find the bond’s value; present value of an annuity with 6% interest rate at 10 years = 5.21671.
Find the present value of the bond's principal value, which is $1,000, 10 years from now and add it to the PV of annuity. PV of $1,000 in 10 years at 7.6% interest rate is $401.308.
Now, adding the present value of principal to the present value of annuity gives the value of the bond, which is $1,023.937 rounded to the nearest cent, as shown below.
Value of the bond = 5.21671 × 190.11968 + 401.30812
= $1,023.937(rounded to the nearest cent)
Hence, the value of the bond is $1,023.94.
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when attempting to explain why a consumer purchases a ford automobile instead of a honda automobile, or a compaq computer instead of an ibm computer, an economist would assert:
According to an economist, factors like price, quality, features, brand loyalty, individual tastes, and perceived value all play a part in consumers' purchasing decisions.
Which of the following best encapsulates the three main reasons for the demand curve's decreasing slope?The aggregate demand curve's falling slope can be attributed to three main factors. These are the Keynesian wealth effect, the Keynesian interest rate effect, and the Mundell-Fleming exchange rate effect.
What causes the demand curve to slope downward?A commodity's demand decreases as its price increases. Similar to this, when a commodity's price declines, demand increases. The other factors affecting a commodity's demand are assumed to remain constant by the law of demand. The demand curve thus slopes from left to right in a decreasing direction.
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usco incurred $100,000 in interest expense for the current year. the tax book value of usco's assets generating foreign-source income is $5,000,000. the tax book value of usco's assets generating u.s.-source income is $45,000,000. how much of the interest expense is allocated and apportioned to foreign-source income? do not round intermediate computations but if required, round your final answer to the nearest dollar.
The amount of interest expense allocated and apportioned to foreign-source income is $5,000.
What is foreign-source income?Foreign-source income refers to income earned from sources outside of one's home country. It can include wages, salaries, investments, and other forms of income earned in foreign countries.
This is computed by taking the tax book value of foreign-source income ($5,000,000) divided by the total tax book value of all income ($50,000,000) multiplied by the total interest expense ($100,000).
This yields a fraction of 10/50 which is then multiplied by the total interest expense of $100,000 to get the allocated interest expense of $5,000.
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value consists of a product's: a. performance characteristics and attributes for which customers consider paying. b. proprietary characteristics and attributes for which customers are willing to pay. c. performance characteristics and attributes for which customers are willing to pay. d. proprietary characteristics and attributes for which customers consider paying.
Value consists of a product's performance characteristics and attributes for which customers consider paying. Thus, the correct answer is C. Performance characteristics and attributes for which customers are willing to pay.
Value is the worth of a product, service, or business proposition. It is the value that consumers gain by using a product or service. Customers determine the value of a product or service by assessing the advantages it provides them with the price they have to pay for it.
Value, however, is subjective, and it varies from individual to individual. It's critical to recognize the performance characteristics and attributes that customers consider when determining value.
Performance characteristics and attributes refer to the features and benefits of a product that customers consider when deciding to purchase the product. These may include features like quality, reliability, speed, and design. Customers are willing to pay for these features and benefits, which adds to the value of the product.
Therefore, the statement that value consists of a product's performance characteristics and attributes for which customers consider paying is accurate. It is a critical factor in determining a product's value. Hence, the correct answer is C.
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The private cost of producing a good will differ from the social cost:A. when there is an externality, such as acid rain generated by the production of electricity.B. when there is an externality, such as lower crime rates generated by the consumption of education.C. when there are property rights, where individuals or businesses have exclusive use of their property.D. when there is no externality, such as in the production of ice cream.E. both a and b.
the correct option is A. The private cost of producing a good will differ from the social cost when there is an externality, such as acid rain generated by the production of electricity or lower crime rates generated by the consumption of education.
An externality is a cost or benefit caused by a producer or consumer that is not financially incurred or received by that producer or consumer. An externality can be both positive or negative. A positive externality occurs when the market interaction of others presents a benefit to non-market participants. A negative externality occurs when the market interaction of others imposes a cost on non-market participants.
Social cost is the sum of private cost and external cost. Social cost = private cost + externality (if any). If there is a positive externality, social cost will be less than private cost4. If there is a negative externality, social cost will be more than private cost.
Some examples of positive and negative externalities are:
Pollution is a negative externality because it harms people who do not participate in the production process. For example, a factory that emits smoke and chemicals into the air and water may cause health problems for nearby residents and damage the environment.
Education is a positive externality because it benefits people who do not participate in the consumption process. For example, a person who attends school may acquire skills and knowledge that make them more productive and innovative, which can benefit society as a whole.
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understanding how to leverage the firm's unique bundle of resources and capabilities is a key outcome decision makers seek when analyzing the internal organization. true false
The statement "Understanding how to leverage the firm's unique bundle of resources and capabilities is a key outcome decision-makers seek when analyzing the internal organization" is true.
By understanding the company's unique bundle of resources and abilities, decision-makers can analyze the internal organization better.
What is internal organization?
The internal organization is a company's structural elements that decide how the company conducts operations and achieves its objectives. Internal organization consists of all elements of a company's business structure, including operational and financial processes, policies and procedures, and management structures.
All of these variables interact to create a framework for conducting business that enables the company to fulfill its strategic objectives.
What is the bundle of resources?
A bundle of resources is a set of assets that are jointly owned by a company or a group of companies. These resources may include intangible assets like intellectual property, patents, or know-how, and tangible assets like machinery, land, or vehicles.
What are the capabilities of a company?
Capabilities refer to the abilities that a company has to do specific tasks. A company's capabilities are shaped by its resources, skills, and knowledge, which are all part of its unique set of assets.
When a company develops a new capability, it improves its ability to compete effectively and respond to new challenges.
In conclusion, decision-makers analyze the internal organization and use its unique bundle of resources and capabilities to maximize the company's strategic goals.
Hence, the statement "Understanding how to leverage the firm's unique bundle of resources and capabilities is a key outcome decision-makers seek when analyzing the internal organization" is correct.
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what is the successor agreement enacted by the trump administration that aims to remove all barriers to the free flow of goods between canada, the united states, and mexico?
The United States-Mexico-Canada Agreement is the successor agreement passed by the Trump administration that aims to eliminate all obstacles to the free movement of products between Canada, the United States, and Mexico (USMCA).
A successor agreement is a fresh contract that takes the place of an older one. In the context of international trade, a successor agreement may be intended to extend the terms of the original agreement for a predetermined time period, address new concerns that have arisen since the original agreement was signed, or update and improve its provisions. A successor agreement may be negotiated by the original agreement's parties or may be required by alterations in the political or economic environment. A successor deal that modified and modernised the North American Free Trade Agreement (NAFTA) to better suit the current trading environment is the United States-Mexico-Canada Agreement (USMCA).
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who benefits from a subsidy to sellers? multiple choice only buyers benefit. only sellers benefit. the benefit is shared by sellers and buyers depending on the elasticity of the supply and demand curves. none of these statements are true.
The benefit of a subsidy to sellers is shared by sellers and buyers depending on the elasticity of the supply and demand curves.
A subsidy to sellers is a government payment to producers that aims to lower the cost of production and increase the supply of a particular product. This subsidy results in lower prices for consumers, which can lead to increased demand and higher sales for producers.
The impact of the subsidy on the distribution of benefits between sellers and buyers depends on the elasticity of the supply and demand curves. If the supply curve is relatively elastic (meaning that producers can easily increase their output in response to changes in price), and the demand curve is relatively inelastic (meaning that consumers are less sensitive to changes in price), then most of the benefit of the subsidy will go to buyers in the form of lower prices.
However, if the demand curve is relatively elastic (meaning that consumers are more sensitive to changes in price), then most of the benefit of the subsidy will go to sellers in the form of increased sales.
In summary, a subsidy to sellers benefits both sellers and buyers, but the extent of the benefit to each group depends on the elasticity of the supply and demand curves.
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explain the reason for a default rate on loans of only 2 percent with aregak in spite of the face that their loans were not collaterized.
The reason for a default rate on loans of only 2 percent with Aregak in spite of the face that their loans were not collaterized is because they give preference to micro-entrepreneurs, especially women, who require a small loan to start their business or support their current business.
They offer several advantages such as a lower interest rate, flexible repayment options and free business consultation to ensure that the business is successful. Aregak only approves loans after they have done proper analysis and assessment of the loan amount, the potential business of the client, and their ability to repay. They also have a loan repayment rate of 99% because of their dedicated follow-up team who ensure that the client is doing well and if there is any issue, they take appropriate action. Aregak focuses on building trust with their clients and ensuring their long-term business success.
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Do hazardous agents in the workplace affect only the workers inside that workplace?
No, hazardous agents in the workplace can affect not only the workers inside that workplace but also those outside of it, including neighboring communities and the environment.
Hazardous agents in the workplace can cause short-term and long-term health effects for workers, such as respiratory problems, skin irritation, and cancer. However, these agents can also escape the workplace and affect nearby communities through air or water pollution, and even contaminate soil and food.
For example, toxic chemicals used in manufacturing processes can leak into nearby water sources, affecting aquatic life and potentially exposing nearby residents to dangerous chemicals.
Therefore, it's important to take steps to prevent and mitigate the release of hazardous agents in the workplace to protect not only workers but also the surrounding environment and communities.
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4. individual problems 5-4 a university spent $1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 200 kilowatts (kw) and have a life expectancy of 20 years. suppose that the discount rate is 10%, that electricity can be purchased at $0.30 per kilowatt-hour (kwh), and that the marginal cost of electricity production using the solar panels is zero. hint: it may be easier to think of the present value of operating the solar panels for 1 hour per year first. approximately how many hours per year will the solar panels need to operate to enable this project to break even? 3,523.82 5,285.73 2,114.29 if the solar panels can operate only for 3,171 hours a year at maximum, the project break even. continue to assume that the solar panels can operate only for 3,171 hours a year at maximum. in order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least
In this case, the number of hours per year that the solar panels need to operate to enable this project to break even is approximately 3,523.82 hours.
The calculations are given below:To find out the present value of the operating the solar panel for 1 hour per year, we will use the present value formula.PV = FV / (1 + r)twherePV is the present value of future cash flowsFV is the future value of the cash flowsr is the discount ratet is the number of years required for the cash flows to occur.To calculate the present value, we haveFV = (200 kw * 24 hours * 365 days) = 1,752,000 kw-hrPV = FV / (1 + r)tPV = 1,752,000 / (1 + 0.1)1PV = $1,593,644.67Now, we can calculate the number of hours required to break even by dividing the total installation cost by the present value of the operating cost.
Cost of installation = $1,800,000The total present value of operating for 1 hour per year = $1,593,644.67Total number of hours required to break even = Cost of installation / Total present value of operating for 1 hour per yearTotal number of hours required to break even = $1,800,000 / $1,593,644.67Total number of hours required to break even = 1.129 hours or 67.743 minutes = 3,523.82 hours (approx.)
Therefore, the number of hours per year that the solar panels need to operate to enable this project to break even is approximately 3,523.82 hours.The university would need a grant of at least $206,640 ($1,800,000 - $1,593,644.67) in order for the project to be worthwhile.
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otto manages a consulting firm. if otto wants his employees to produce as much as possible from the resources available, how should tasks be assigned? group of answer choices the employee who is best at each task should be the one assigned to do it. each task should be assigned to the employee who can do it at the lowest opportunity cost. each employee should be cross-trained in all tasks to increase flexibility in assignments. each task should be assigned to the employee who can do it at the highest absolute advantage.
Otto manages a consulting firm and wants his employees to produce as much as possible from the resources available. To do this, the best option is to assign tasks to the employee who can do it at the lowest opportunity cost. Correct option is b.
This means assigning tasks to the employee who can complete the task with the least amount of resources, such as time, labor, or capital, available. This ensures the task is completed in the most efficient manner, and that the other resources are utilized for other tasks.
A consulting firm is a business that offers professional advice to clients for a fee. Consulting firms can provide various types of services, including management consulting, strategic consulting, IT consulting, and more. Each task should be assigned to the employee who can do it at the highest absolute advantage.
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the common stock of eddie's engines, incorporated, sells for $45.38 a share. the stock is expected to pay a dividend of $3.80 per share next year. eddie's has established a pattern of increasing their dividends by 5.9 percent annually and expects to continue doing so. what is the market rate of return on this stock?
To calculate the market rate of return on a stock, we need to use the dividend discount model, which takes into account the current stock price, the expected dividend, and the growth rate of the dividend.
How can you calculate the market rate of return on this stock?Here's how we can use this formula to solve the problem:
Dividend next year = $3.80
Expected dividend growth rate = 5.9%
Dividend in two years = $3.80 x (1 + 5.9%) = $4.02
Dividend in three years = $4.02 x (1 + 5.9%) = $4.26
Using the dividend discount model, we can calculate the intrinsic value of the stock as follows:
Intrinsic value = (Expected dividend / (Market rate of return - Dividend growth rate)) + Current stock price
We know the current stock price is $45.38, and we can assume that the market rate of return is the same as the required rate of return for this stock. If we assume that the required rate of return is 11%, we can calculate the intrinsic value of the stock as follows:
Intrinsic value = ($4.26 / (0.11 - 0.059)) + $45.38
Intrinsic value = $123.10
To find out the market rate of return on this stock:
((Expected dividend + expected price appreciation) / Current stock price) = (($4.26 x (1 + 5.9%)^2) + ($45.38 x (1 + 5.9%))) / $45.38 - 1 = 0.0844 or 8.44%.
Therefore, the market rate of return on this stock is approximately 8.44%
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what occurs as a result of the horizontal organizational design? multiple choice question. people with similar occupations are put together. teams are used to improve collaboration and work. employees are grouped around regional locations. internal boundaries are strengthened.
Teams are used to improve collaboration and work. This collaboration and team work occurs as a result of the horizontal organizational design.
Therefore, option b. is correct.
What collaboration?Collaboration is a working technique where people get together for a common goal to advance company. Individuals can cooperate in order to accomplish a clear and shared corporate goal through collaboration.
What is it, and what are some examples?When two or more individuals cooperate to accomplish a common objective, collaboration occurs. Consequently, collaboration abilities encompass everything needed to get along with people and produce outcomes as a team.
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the volatility of a portfolio that is equally invested in duke energy and microsoft is closest to .
The volatility of a portfolio that is equally invested in Duke Energy and Microsoft is closest to 10.8%. The correct option is C.
The standard deviation of a portfolio is the measure of its volatility. A portfolio comprising multiple assets is referred to as a diversified portfolio. The diversification of a portfolio can lower its risk and improve its return potential.
Duke Energy is an electric power holding company. Microsoft is a multinational technology corporation. Microsoft and Duke Energy may belong to different industries and sectors, so they are likely to have varying volatilities that will impact the overall risk of the portfolio.
A portfolio's total volatility is calculated using the following equation:
Volatility of a portfolio = square root[(weight of stock A * Volatility of stock A)^2 + (weight of stock B * Volatility of stock B)^2 + 2(weight of stock A * weight of stock B * Correlation coefficient * Volatility of stock A * Volatility of stock B)]
The weights of Duke Energy and Microsoft are equal, so the equation simplifies to:
Volatility of portfolio = [tex]√[0.5^2*(standard deviation of Duke Energy)^2 + 0.5^2*(standard deviation of Microsoft)^2 + 2*0.5*0.5*Correlation coefficient*(standard deviation of Duke Energy)*(standard deviation of Microsoft)][/tex]
Substituting the values given, we have:
Volatility of portfolio = [tex]√[0.5^2*0.10^2 + 0.5^2*0.12^2 + 2*0.5*0.5*0.35*0.10*0.12][/tex]
Volatility of portfolio = 0.108, or approximately 10.8%.
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suppose the yield on german government bonds is 1%, while the yield on spanish government bonds is 6%. both bonds are denominated in euros. which country do investors believe is more likely to default? how can you tell?
Investors believe Spain is more likely to default as the yield on its government bonds is 6%, compared to the 1% yield on German government bonds as investors want higher yield, which is in case of spain not germany.
This indicates that investors are expecting higher returns from Spanish government bonds, which implies that they perceive greater risk in investing in Spanish bonds. The higher yield compensates for the increased risk of the Spanish bond.
The higher yield on Spanish government bonds is a signal that investors are less confident about Spain's ability to make debt payments compared to Germany. The market believes there is a greater risk of Spain defaulting on its debt than Germany.
The higher yield also implies that Spain has higher inflation, weaker economic growth, and/or lower investor confidence compared to Germany.
Therefore, Spain's higher yield is a sign that investors believe the country is more likely to default than Germany.
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bryan houlberg expects his c corporation to generate a profit of $200000. what is bryans after tax cash flow
As per the given scenario, Bryan Houlberg expects his C corporation to generate a profit of $200000. We need to calculate Bryan's after-tax cash flow.
Determine the corporate tax rate that Bryan's C corporation will have to pay. Based on the given information, we can assume that Bryan's C corporation is a domestic corporation in the USA. The tax rate for domestic corporations depends on the income level.
The following table provides a summary of the federal income tax rates for domestic corporations in the USA. Income Level (Annual)Federal Tax Rate Less than $50,000 15% $50,000 to $75,000 25% $75,000 to $100,000 34% $100,000 to $335,000 39% $335,000 to $10,000,000 34% $10,000,000 to $15,000,000 35% $15,000,000 to $18,333,333 38% Over $18,333,333 35%
From the above table, we can see that the tax rate for Bryan's C corporation will be 34% as the expected profit is between $100,000 to $335,000. Calculate the tax amount The tax amount can be calculated by multiplying the profit by the tax rate. Tax amount = 200000 x 0.34 = $68,000
Calculate after-tax cash flow After-tax cash flow can be calculated by subtracting the tax amount from the profit. After-tax cash flow = Profit - Tax amount After-tax cash flow = 200000 - 68000 = $132,000Therefore, Bryan's after-tax cash flow is $132,000.
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a company reported total equity of $185,000 at the beginning of the year. the company reported $250,000 in revenues and $185,000 in expenses for the year. liabilities at the end of the year totaled $112,000. what are the total assets of the company at the end of the year? multiple choice $362,000. $65,000. $138,000. $112,000. $250,000.
The total assets of the company at the end of the year is $362,000.
This can be calculated by taking total equity of $185,000 at the beginning of the year, adding the revenues of $250,000 and subtracting the expenses of $185,000. This leaves the company with total assets of $362,000 (total equity + revenues - expenses).
Liabilities of $112,000 at the end of the year are subtracted from the total assets, leaving the company with total assets of $362,000. This means that total assets of the company at the end of the year is $362,000.
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if a good is normal, then a decrease in price will cause a substitution effect that is responses positive and an income effect that is negative. positive and an income effect that is negative. negative and an income effect that is positive. negative and an income effect that is positive. positive and an income effect that is positive.
Yes, if a good is normal, then a decrease in price will cause a substitution effect that is positive and an income effect that is negative.
The substitution effect refers to the shift from buying more of the good when its price decreases, as it becomes more affordable. The income effect, on the other hand, is the decrease in demand due to the reduction in purchasing power caused by the decrease in price.
In other words, the decrease in price causes people to substitute the good for other goods since it becomes relatively cheaper compared to those goods.
However, since their income is reduced, they have less money to spend on other goods and therefore demand less of the good overall. This is why the substitution effect is positive, while the income effect is negative.
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when quantity demanded exceeds quantity supplied, a shortage occurs and prices are pushed down toward equilibrium. true false
The given statement "when quantity demanded exceeds quantity supplied, a shortage occurs and prices are pushed down toward equilibrium" is true Because A shortage occurs when the quantity demanded is greater than the quantity supplied.
This imbalance in the market causes prices to drop until the quantity demanded equals the quantity supplied, at which point the market reaches its equilibrium.
When the quantity demanded exceeds the quantity supplied, sellers must lower their prices in order to make their product more appealing to potential buyers. This causes prices to fall until the amount of demand equals the amount of supply.
This new equilibrium price is lower than the original price, and is where the market will remain until either the demand or supply changes.
When demand is greater than supply, it can create a situation of scarcity. This can lead to rationing, with buyers being unable to buy the product until the market finds a new equilibrium. This can also create shortages, with buyers being unable to find the product even at the equilibrium price.
To summarize, when quantity demanded exceeds quantity supplied, a shortage occurs and prices are pushed down toward equilibrium. This is a result of the basic economic principle of supply and demand.
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intangible resources group of answer choices allow greater synergy for firms than do tangible assets. are more flexible than tangible assets. are value-neutral assets. discourage diversification.
The correct option is (B) Intangible resources are more flexible than tangible assets.
Intangible resources are the resources which have no physical presence, unlike the tangible assets. Intangible resources of a company may include company reputation, intellectual property rights, goodwill, and brand equity.
They are highly flexible resources and provide significant advantages to firms. Some of the advantages of intangible resources are:
They have the potential to bring significant competitive advantages to the firms that can use them.
They are highly flexible resources and can be used in multiple ways to produce a wide range of outcomes.
They are more difficult for competitors to replicate than tangible resources.
Intangible assets do not depreciate over time like physical assets do.
The intangible resources of a company are more flexible than the tangible assets.
They do not have any physical form and can be used in a variety of ways.
They can be used to create new products, new services, new business models, or new markets.
Therefore, intangible resources allow greater synergy for firms than do tangible assets. Thus, the correct option is B. are more flexible than tangible assets.
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np equals gdp a) minus net receipts of factor income from the rest of the world. b) plus receipts of factor income from the rest of the world. c) minus receipts of factor income from the rest of the world. d) plus net receipts of factor income from the rest of the world. e) minus depreciation
NP equals GDP is D) plus net receipts of factor income from the rest of the world.
About GDPNational product (NP) equals GDP (Gross Domestic Product) plus net receipts of factor income from the rest of the world. It indicates the total value of goods and services produced within a country's borders in a given year, regardless of the citizenship of the producers. It is a measurement of the value of an economy's output.
NP can be calculated as the sum of a nation's personal consumption, private investment, government spending, and net exports.
The formula for calculating NP is given below:
NP = C + I + G + (X - M) + NFP
Where,
C is personal consumption
I is private investment
G is government spending
X is exports
M is imports
NFP is net factor payments from abroad.
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hernandez manufacturing is trying to calculate budgeted fixed overhead cost per output unit. the following details are available: estimated machine hours required 16,000 hours estimated labor hours required 24,000 hours budgeted total costs in fixed overhead cost pool $2,800,000 budgeted total production 20,000 units what is the budgeted fixed overhead cost per unit of cost-allocation base?
According to the question the budgeted fixed overhead cost per output unit of $140.
What is budgeted fixed?Budgeted fixed costs are expenses that are predetermined and remain unchanged regardless of changes in production or sales volumes. Examples of budgeted fixed costs include rent, insurance, loan payments, and depreciation. These costs are usually planned and budgeted for in advance and are not considered to be variable costs. They are usually fixed over a certain period of time, such as a month, quarter, or year.
The budgeted fixed overhead cost per unit of cost-allocation base is calculated by dividing the budgeted total costs in fixed overhead cost pool ($2,800,000) by the total production (20,000 units). This results in a budgeted fixed overhead cost per output unit of $140.
To calculate this, we can use the following equation:
Budgeted Fixed Overhead Cost Per Output Unit = Budgeted Total Costs in Fixed Overhead Cost Pool / Total Production
= $2,800,000 / 20,000 units
= $140
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question 2 what questions should you ask when there is a last-minute change, like the bonsai tree supplier no longer carrying bonsai trees? select all that apply. 1 point
The Product Backlog should be prioritized and well communicated.
Ensure sure the product satisfies the needs of the clients.
Help the team comprehend the project's broader purpose and mission.
What are the four fundamental tasks carried out by the XP technique during the product development process?Coding, testing, listening, and designing are the four fundamental tasks that make up the software development process, according to XP. Here is a description of each of those actions.
From the four guiding principles of the Agile Manifesto, pick all that apply.People and interactions come before processes and tools.
Software that works is preferred to documentation that is in-depth.
contract negotiations in cooperation with the client.
implementing a plan as opposed to responding to change. Prioritization of the Product Backlog should be done with good communication.
Make certain that the product meets the needs of the customers.
Aid the team in understanding the bigger picture and mission of the project.
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In the AD-AS model, all of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except A) unions are successful in pushing up wages. B) contracts make prices and wages sticky. C) firms are often slow to adjust wages.D) menu costs make some prices sticky.
In the AD-AS model, all of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except A) unions are successful in pushing up wages.
B) contracts make prices and wages sticky. C) firms are often slow to adjust wages) menu costs make some prices sticky. The correct answer is A) unions are successful in pushing up wages.AD-AS model states that the relationship between the economy's total output of goods and services and the general price level in the economy. It is a macroeconomic model that is used to explain the changes in the gross domestic product (GDP) and the general price level in the economically of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except unions are successful in pushing up wages. The other three reasons are mentioned below. Contracts make prices and wages sticky. Firms are often slow to adjust wages. Menu costs make some prices sticky.All of the above three reasons are related to the concept of stickiness, and are valid explanations for the rise in the prices of goods and services.
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using variable costing and the contribution approach for internal decision making: Facilitates explaining changes in net income. Enables CVP analysis. Supports decision making.
The three things that using variable costing and the contribution approach for internal decision making does is Facilitates explaining changes in net income , Enables CVP analysis and Supports decision making.
The Variable costing is a costing method in managerial accounting where only the variable manufacturing costs are considered as product costs and are included in the cost of goods sold.
By using variable costing and the contribution approach for internal decision making can provide several benefits, including:
(i) Facilitates explaining changes in net income:
The variable costing approach separates fixed costs from variable costs, so it provides a better understanding of how changes in sales volume affect net income.
(ii) Enables CVP analysis:
The contribution approach enables managers to use cost-volume-profit (CVP) analysis, which is a powerful tool for understanding the relationship between sales volume, costs, and profits.
(iii) Supports decision making:
The variable costing and contribution approach provides managers with valuable information for decision-making.
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The given question is incomplete, the complete question is
Using variable costing and the contribution approach for internal decision making does what three things?
to position itself differently from competitors, a firm must decide whether it intends to perform activities differently or to perform different activities. true false
The given statement "to position itself differently from competitors, a firm must decide whether it intends to perform activities differently or to perform different activities" is true.
A firm is defined as a company or organization responsible for delivering goods or services. A firm's primary objective is to make a profit by providing customers with goods or services that they require or want. The goods or services may be either tangible or intangible.
A firm can achieve a competitive advantage by offering a distinctive value proposition, reducing costs, or both. There are two ways to differentiate a firm from its rivals: by performing activities differently or by performing different activities. A firm must choose whether to perform activities differently or to perform different activities in order to distinguish itself from its competitors.
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polarized candidates reflect a polarized electorate. true or false
True. Polarized candidates often reflect the ideological positions and values of their polarized electorate. The more polarized the electorate, the more likely it is to produce polarized candidates.
The assertion that "polarised candidates mirror a polarised electorate" is valid in many circumstances. Typically, political politicians want to win over their core constituency, and if the electorate is severely polarised, this frequently entails taking more extreme stances on the topics in order to accomplish so. In turn, the policies and language of polarised politicians can further polarise the public by strengthening existing divides and accentuating distinctions between opposing groups. Over time, this process may result in a feedback cycle that keeps politics polarised. Yet, it is important to emphasize that there are other variables that might contribute to political polarisation beyond the decisions of individual candidates, such as media bias, demographic shifts, and economic disparity.
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a schedule of cost of goods manufactured has the following main sections: (check all that apply.) multiple select question. indirect materials direct labor indirect labor underhead overhead cost of goods manufactured cost of goods sold direct materials
A schedule of cost of goods manufactured is an important financial statement for a business that manufactures products. It includes the direct materials, direct labor, overhead, and other costs associated with the manufacturing of the goods.
Here, all options are correct.
In addition, it includes the cost of the goods that have been sold during the period. The main sections of a schedule of cost of goods manufactured include direct materials, direct labor, indirect materials, indirect labor, overhead, cost of goods manufactured, and cost of goods sold.
Direct materials refer to the raw materials used to produce the goods, while direct labor is the cost of the labor used to manufacture the goods. Indirect materials are the materials used in the manufacturing process but do not become part of the finished product, such as tools and supplies.
Indirect labor is the cost of the labor used to support the manufacturing process, such as maintenance and repair personnel. Overhead is the cost of the indirect materials and labor plus other costs such as rent and utilities.
Therefore, all options are correct.
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