problem 4 - factory overhead volume variance bellingham company produced 5,100 units of product that required 4.5 standard direct labor hours per unit. the standard fixed overhead cost per unit is $2.70 per direct labor hour at 24,750 hours, which is 100% of normal capacity. determine the fixed factory overhead volume variance. show a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Answers
In this scenario, Bellingham Company had a favorable variance of $275, which means that they were able to operate more efficiently and reduce their fixed overhead costs by operating at less than full capacity.
To calculate the fixed factory overhead volume variance, we need to first calculate the standard fixed overhead cost for the actual production volume.
In this scenario, Bellingham Company produced 5,100 units of product that required 4.5 standard direct labor hours per unit. Therefore, the total standard direct labor hours for production were 5,100 x 4.5 = 22,950 hours. The standard fixed overhead cost per unit is $2.70 per direct labor hour at 24,750 hours, which is 100% of normal capacity.
To determine the standard fixed overhead cost for 22,950 hours, we can use the following formula:
Standard Fixed Overhead Cost = (Actual Direct Labor Hours / Normal Capacity Direct Labor Hours) x Normal Capacity Fixed Overhead Cost per Hour x Number of Units Produced
= (22,950 / 24,750) x $2.70 x 5,100
= $2.25 x 5,100
= $11,475
Now, we need to compare the standard fixed overhead cost for actual production with the actual fixed overhead cost incurred. Let's assume that the actual fixed overhead cost incurred by Bellingham Company was $11,750.
Fixed Factory Overhead Volume Variance = Standard Fixed Overhead Cost - Actual Fixed Overhead Cost
= $11,475 - $11,750
= -$275 (favorable variance)
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Related Questions
following data:
Fixed overheads: £40,000
Selling price: £6
Variable cost per unit: £4
If the selling price is increased by 50% then the break-even level would
now be: *
(1 Point)
8,000 units
20.000 units
O 10,000 units
0 12500 units
Answers
Answer:
If the selling price is increased by 50% then the break-even level would now be 8,000 units.
Explanation:
The following are given in the question:
Fixed overheads = £40,000
Initial selling price = $6
Variable cost per unit = £4
Percentage increase in selling price = 50%
Therefore, we have:
New selling price = Initial selling price * (100% + Percentage increase in selling price) = £6 * (100% + 50%) = £9
New contribution margin per unit = New selling price - Variable cost per unit = £9 - £4 = £5
New break-even level = Fixed overheads / New contribution margin per unit = £40,000 / £5 = 8,000 units
Therefore, if the selling price is increased by 50% then the break-even level would now be 8,000 units.
when a stockholder sells its shares of abc co. to another person at a price higher than what the stockholder purchased it for, abc records ______.
Answers
ABC records a capital gain when a stockholder sells its shares to another person at a higher price than what the stockholder originally purchased them for.
When a stockholder sells their shares of ABC Co. at a price higher than what they initially paid, ABC Co. records a capital gain. A capital gain is the profit realized from the sale, calculated as the difference between the selling price and the original purchase price. ABC Co. recognizes this gain in its financial records, reflecting increased value or appreciation of the shares. Capital gains may be subject to taxation, and the stockholder could be required to pay taxes on the profit earned. This transaction showcases the positive outcome of the stockholder's investment in ABC Co., resulting in a higher selling price than the initial purchase cost.
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During which part of the Product Life Cycle would a company use a profit-oriented pricing strategy?
Answers
The lifespan of a product depicts how long it remains on the market, from the moment it is first introduced to consumers until it is phased out and taken off the shelves.
What is the maturity stage of the product life cycle?Sales declined during the mature period, a sign that the market has started to become saturated. During this phase of the product life cycle, the price also starts to become competitive. The profit margins become slimmer as a result.
In most life-cycle situations, profits normally reach their greatest level during the early growth stages, but sales often reach their peak during the mature stages.
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What is a Capital Gain on an investment?
Money that you are paid for letting others borrow your money for a period of time.
An increase in the number of investment types you add to your portfolio.
Increase in value of an equity investment that is a result of appreciation of that asset.
Money that you are paid as a result of owning stock in a company that is earning a profit.
Answers
Profits from investments are referred to as capital gains. Capital gains are "realized" when investments are sold for more than they were originally purchased, at which point you must pay taxes on the profit.
What exactly are capital gains and how are they taxed?Most investments that are sold after being held for at least a year are subject to capital gains taxes. A Schedule D form is used to record the taxes.
Are capital gains equivalent to income?Based on the source of the profit, capital gains and other investment income are different. Capital gains are the profits made when an investment is sold for more money than it cost to buy it. Investment income is the gain from dividends, interest payments, and capital gains.
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In general, how long does it take to accomplish a long-term goal?
A.
a few days to a week
B.
a few weeks to a month
C.
a few months to a year
D.
more than a year
Reset
Next
Answers
Answer:
The answer is D.more than a year
Explanation:
Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answers
Answer:
bias
Explanation:
bias is the true anwer
Type the correct answer in the box. Spell all words correctly.
Which good customer service skill does Tony seem to possess?
Tony works as a customer service professional for a store that sells refrigerators. He met a customer who was furious with the store's service.
Apparently, the store had delivered the wrong refrigerator model to the customer's home address. Tony apologized on behalf of the store. He
told the customer that the store would quickly replace the product. He Interacted with the customer for a while and promised that the store
would never give the customer a chance to complain in the future. Tony's ________
helped him make the customer believe
In the store's service.
Answers
Answer:
professional manner and reassurance
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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In a particular economy, the labor force (the sum of employed and unemployed workers) is fixed at 100 million. In this economy, each month 1% of the workers who were employed at the beginning of the month lose their jobs, and 19% of the workers who were unemployed at the beginning of the month find new jobs. %. The January unemployment rate is 5.00%. For the rates of job loss and job finding given, what will the unemployment rate be in February? (Enter your response as a percentage rounded to two decimal places.)
Answers
To calculate the unemployment rate, we divide the number of unemployed workers by the labor force and multiply by 100. This gives us an unemployment rate of 4.76%.
To calculate the unemployment rate in February, we need to consider the rates of job loss and job finding. Given that 1% of the workers who were employed lose their jobs and 19% of the workers who were unemployed find new jobs each month, we can determine the changes in the employed and unemployed populations.
In January, the unemployment rate is 5.00%, which means that 5% of the labor force is unemployed. This corresponds to 5 million unemployed workers. Since the labor force is fixed at 100 million, the number of employed workers in January is 95 million.
In February, 1% of the employed workers will lose their jobs, which is 0.95 million. This means that the number of employed workers in February will be 94.05 million.
Additionally, 19% of the unemployed workers will find new jobs, which is 0.95 million. Therefore, the number of unemployed workers in February will be 4.05 million.
To calculate the unemployment rate in February, we divide the number of unemployed workers (4.05 million) by the labor force (100 million) and multiply by 100. This gives us an unemployment rate of 4.76%, rounded to two decimal places.
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Which of the following statements best summarizes the reason for economics?
Question 1 options:
The number of people who do not have jobs is rising.
While wants are unlimited, resources are scarce.
Opportunity costs can never be determined accurately.
People spend more than they make.
Answers
The option that best summarizes the importance of studying economics is B. While wants are unlimited, resources are scarce.
What is the point of economics?Economics is the study of how resources can be allocated such that we can have the greatest productivity given the resources that we have.
Resources cannot satisfy our needs entirely because they are limited but the needs we have are unlimited.
Economics is therefore needed to regulate our needs and wants vs the resources that we have.
In conclusion, option B is correct.
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Which of the following correctly indicate a difference between M1 and M2? Check all that apply. Fiat money Savings deposits Commodity money Small time deposits of less than $100,000
Answers
Answer:
Savings deposits
Explanation:
M1 and M2 are monetary aggregates that represent different classifications of the money supply.
M2 as a monetary aggregate, includes all the types of money included in M1, plus other money types like savings deposits, and money-market deposit accounts.
In other words, while savings deposits are included in M2, they are not included in M1.
what importance does the stationery and information sources play in the effective and efficient Operation of an organization?
Answers
Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "the source of quality and quantity data on the production input."
Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:
It serves as the place to gather data about the strengths and weaknesses of the firms.It is also the source to gather the information opportunities and threats of the organizations.It is also a source of keeping records of finance, employees, success, and failures of the firms.Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.
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PLEASE HELP ASAP!!! I'LL MARK BRAINLIEST!!! FOR CAREER DISCOVERY!!!
TABLE 1 Careers in Medicine
Career Field Specific Job Level of Education Required
Medicine Hospital orderly High school diploma or equivalent plus CPR certification
X-ray technician Associate degree (two-year degree) plus certification
Doctor Bachelor’s degree (four years) plus doctoral or other advanced degree (usually four years) plus three or four more years of training
TABLE 2 Careers in Agriculture
Career Field Specific Job Level of Education Required
Agriculture Agriculture technician High school diploma or equivalent
Farm manager Associate degree (two years) or bachelor’s degree (four years)
Soil scientist Bachelor’s degree (four years) plus master’s degree (about two years)
Step 2: Reflect on Value and Integrity
Open a word processing document and answer these questions about the two career fields:
1. What kinds of values do people need to do well in these jobs? (Values might include honesty, compassion, conscientiousness, or bravery, among others.)
2. What is valuable about each of these jobs?
3. What does it look like when someone does these jobs with integrity?
Answers
The value in Medicine would be dedication in caring for patients and the sick people
What are the values in the careers1. For the careers in medicine, people need to have strong values in compassion, empathy, and dedication to providing the best care to patients. Honesty and transparency are also important in this field to build trust with patients and maintain ethical standards in the medical profession. For careers in agriculture, values such as reliability, hard work, and a passion for working with the land and animals are necessary. Honesty and integrity in business practices and dealings with clients and customers is also important.
2. The value of careers in medicine lies in the opportunity to positively impact people's lives and improve their health through direct care and treatment. The value of careers in agriculture lies in the ability to provide food and resources for communities and to work with natural resources and systems to sustainably grow crops and raise livestock.
3. Doing these jobs with integrity means providing quality care or services and acting in an ethical and honest manner. In medicine, this means following the standards of patient confidentiality and providing accurate diagnoses and treatments. In agriculture, it means adhering to sustainable practices and responsible management of resources, as well as transparent and fair business practices.
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if aggregate demand is high in 2024, and the economy is at outcome b, the inflation rate between 2023 and 2024 is
Answers
The given information does not provide enough details to determine the exact inflation rate between 2023 and 2024.
The inflation rate is influenced by various factors such as aggregate demand, aggregate supply, government policies, and other economic conditions. While it is mentioned that aggregate demand is high in 2024 and the economy is at outcome B, this alone is not sufficient to calculate the specific inflation rate. To determine the inflation rate, additional data related to price levels, consumer price index (CPI), or other relevant economic indicators would be needed. Without such information, it is not possible to determine the exact inflation rate between the two mentioned years.
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Why is a brand important to a business?
Answers
4. Which of the following is a communication technique used to address a negative situation and (1 point)
discuss possible solutions?
confrontation
teamwork
commitment
collaboration
Answers
Answer:
Confrontation
Explanation:
Confroning a person is better than talking in publoc due to lots of People listening
Confrontation is a communication technique used to address a negative situation and discuss possible solutions. Thus option A is correct.
What is communication?The transfer of information is the standard definition of communicating. The phrase may also be used to describe the message sent via such transmission or the area of research that focuses on them. The correct definition of it is a subject of much debate.
A method of communication used to deal with a bad circumstance by setting expectations and emotions like frustration and disappointment. Another technique to talk about a solution is through confrontation. A courteous approach to expressing your thoughts to others is through physical engagement. Therefore, option A is the correct option.
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Publishers and printing companies are both involved with books, magazines, and newspapers. One type of company is
considered part of the manufacturing section, because it produces the physical product: books, magazines,
newspapers, and so on. What sector does publishing belong to, since it does not produce a tangible product (until
printing transforms it into one)?
O primary, because it makes original content
secondary, because it transforms ideas into physical objects
tertiary, because it provides a service
quaternary, because it involves research
Answers
Answer:
quaternary, because it involves research
Explanation:
4. commoditization refers to the ability to individualize product and serviceofferings to meet specific buyer needs
Answers
Actually, commoditization refers to the process of turning a product or service into a commodity, i.e., something that can be easily replaced by a similar product or service. It happens when there is a high level of competition in the market and companies are forced to offer similar products or services at similar prices. As a result, customers tend to focus more on price and less on other factors, such as quality, innovation, or customization.
Therefore, it becomes harder for companies to differentiate themselves and create unique value propositions. However, individualization, or personal, can be a way to counteract commoditization. By offering tailored products or services that meet specific customer needs and preferences, companies can create a competitive advantage and increase customer loyalty.
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1. Give one example of professional behavior in a salon and how a cosmetologist could
demonstrate it."
Answers
Answer:
Appropriate language, a cosmetologist can demonstrate this by always speaking in a tone and at a volume that is appropriate for the setting, and never using foul language no matter what.
According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answers
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.
all along the supply chain, distribution channels add value to the product by
Answers
Answer: All along the supply chain, distribution channels add value to the product: They make it available to ship to the next step in the supply chain, take customer orders, and ship the product to the next step in the chain.
The flow of products passes through intermediaries like wholesalers, distributors, and retailers, which are known as distribution channels or marketing channels.
Distribution channels offer value to the product at every step of the supply chain: they make it ready to ship to the next step in the chain, receive client Orders are placed, and the goods are shipped to the next step in the process.
About supply chain, distribution channels:
The operations required by the organization to deliver goods or services to the consumer are referred to as a supply chain Within our company. A supply chain is a focus on the primary operations required to turn raw materials or component parts into finished products or services.
A distribution channel is a network of firms or intermediaries that a product or service passes through before reaching the final customer or end user.
Wholesalers, merchants, distributors, and even the web are all potential outlets for distribution.
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i am making marketing plan for a company can anyone help me in making swot analysis
Answers
A SWOT analysis is to determine the strengths as well as the weaknesses, and threats associated with the company.
What is SWOT analysis?SWOT analysis is been carry out in an organizations to develop a full awareness in term of strength and weakness so as to be able to make business decision.
Steps that are required in SWOT analysis are:
Checking external environment.Carry out analysis on industry and competitionKnow the external opportunities and threats.Since the information is not complete, this is a guide on SWOT analysis
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The main reason that Starbucks was able to have the main share of coffeehouses in the world is just two decades is that they: used tangible resources to provide their product. capitalized on the economic climate at the most opportune time. were the only coffeehouse to offer premium coffee during extended hours. successfully applied their knowledge and skills to better serve customers.
Answers
Answer:
Were the only coffeehouse to offer premium coffee during extended hours.
Explanation:
Starbucks has a significant share in global markets, it has developed it in not so long time.
Reason behind it might be that - Its premium coffee beans & consequently coffee quality. This complimented with fair range of coffee varieties, relaxing & comfortable ambience, specially during extended hours - helped it attain the status.
Gold has historically functioned as money. This is due, in part, to the willingness of others to accept it as valid payment for goods and
services. In this case, gold is functioning as an) (1 point)
Answers
The willingness of others to accept gold as a valid payment for goods and services made gold a medium of exchange. In other words, gold was used to facilitate commercial exchanges when these became more developed.
Money has changed and developed over time, it has always been used to make business practices more simplified and standardized.
Some examples of the use of a medium of exchange were salt, which was a rare mineral that was offered in trade, hence the word salary.
Therefore, gold began to be used as a means of exchange from the need to use coins with greater durability.
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is the economic term for the total money circulating at any one time in a country.
O Fiscal Fund
O Money Supply
O Money Inventory
O Fiscal Inventory
PLZ HELP
Answers
4.02 day 2 in business
Answers
4.02 Key Terms in Business are
Purchasing: The buying of goods and services for a business.Purchasing Order: The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract.Purchasing Process: A series of sequential steps taken by purchasing specialists to buy goods and services for a business.What is Purchasing?
The organized procurement of products and services in favor of the buying entity is known as purchasing. To guarantee that necessary materials are acquired in a regular manner and at an affordable cost, purchasing actions are required.
What is purchasing order?
A purchase order, which specifies types, quantities, and agreed-upon prices for goods or services, is a commercial document and the first formal offer made by a buyer to a supplier. It is employed to regulate the acquisition of goods and services from outside providers.
What is Purchasing Process?
The proper procedure of purchasing products and services is called purchasing. While the purchasing process can differ from one firm to another, there are some fundamental components that are universal. A demand or necessity, which could be for a product or service, typically kicks off the process.
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Unethical behavior should be reported to the proper authority, but care must be taken to ______.
a.
Report your perceptions
b.
Explain what you think was happening
c.
Report only what happened
d.
Explain how you were able to see it
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A Report your perceptions
Explanation:
Answer: A
Explanation:
Ricky is in a consumer equilibrium. given the prices of goods, ricky has allocated all his income such that his marginal utility per dollar spent is __________ for __________ goods.
Answers
The marginal utility per dollar spent is equal for both goods in consumer equilibrium.
In consumer equilibrium, Ricky allocates his income in a way that maximizes his satisfaction or utility. The concept of marginal utility per dollar spent helps determine how Ricky achieves this equilibrium.
To determine the marginal utility per dollar spent for goods, we need to compare the ratio of the marginal utility of each good to its price. The marginal utility is the additional satisfaction gained from consuming one more unit of a good.
Let's assume Ricky consumes two goods, Good A and Good B. We'll denote the marginal utility of Good A as MUa and the marginal utility of Good B as MUb. The prices of Good A and Good B are Pa and Pb, respectively.
To achieve consumer equilibrium, Ricky would allocate his income in a way that maximizes the marginal utility per dollar spent. This means Ricky should spend his money on Good A and Good B in a way that MUa / Pa = MUb / Pb.
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The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school.
These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $16.00 each with a minimum order of 203 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 203.
Since Hooper’s plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $32.00 each. Hooper would pay the students a commission of $7.00 for each shirt sold.
Required:
1. What level of unit sales and dollar sales is needed to attain a target profit of $7,308?
2. Assume that Hooper places an initial order for 203 sweatshirts. What is his break-even point in unit sales and dollar sales? (Round your intermediate calculations, round "Break-even point in unit sales" up to the nearest whole unit and round "Break-even point in dollar sales" to the nearest whole dollar.)
3. How many sweatshirts would Hooper need to sell to earn a target profit of $8,222? (Round final answer up to the nearest whole unit.)
Answers
1. The unit and dollar sales levels needed to attain a target profit of $7,308 are 812 and $25,984.
2. The break-even point with 203 sweatshirts is $4,669.
3. The unit sales level needed to attain a target profit of $8,222 is 914.
What is the break-even point?The break-even point represents the required sales units for no profit or loss to be achieved.
At the break-even point, the total revenue equals the total costs (fixed and variable).
Data and Calculations:Selling price per sweatshirt = $32
Variable cost per unit = $23 ($7 + $16)
Contribution margin per unit = $9 ($32 - $23)
Contribution margin ratio = 0.28125 ($9/$32)
Fixed costs = $0
Target profit = $7,308
1. Sales level to attain a target profit of $7,308 = 812 units ($7,308/$9)
And $25,984 ($7,308/0.28125)
2. Break-even point with 203 sweatshirts = $4,669 ($23 x 203)
3. Target profit = $8,222
Sales level to attain a target profit of $8,222 = 914 units ($8,222/$9)
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Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.