The total overhead variance is an unfavorable $2,000 (the overhead account has a $2,000 debit balance). The volume variance contributed a $5,000 unfavorable.
What is total overhead variance?The total overhead variance is the difference between the total overhead absorbed and the actual total overhead incurred.
Total overhead charged to the overhead account was $42,000, the amount applied was $40,000, the difference, $2,000, is the total unfavorable overhead variance.
Volume variance: the amount applied- the budgeted fixed overhead + standard hours allowed x variable at the budgeted rate.
Derive rates : The budgeted rates are derived from the $40,000 applied based on 5,000 hours. The total rate is $8.00 per hour ($40,000/5,000). The $3.00 variable rate is given, so the fixed rate must be $5.00.
Fixed costs: Budgeted fixed costs are the budgeted production of 6,000 units* 1 hour times the $5.00 rate or $30,000.
Variable costs: Variable overhead based on allowed hours is $3.00 times 5,000 or $15,000. The budget based on standard hours allowed is, therefore, $45,000 ($30,000 fixed + $15,000 variable).
Variance computation: The volume variance is the difference between the $45,000 allowed and the $40,000 actually applied, $5,000.
Budget standard hours allowed: Fixed - 5.00 *6,000 = 30,000
Variable- 3.00 * 5,000 = 15,000
Overhead applied = 45,000
Overhead applied: Fixed- 5.00 * 5,000 = 25,000
Variable- 3.00 * 5,000 = 15,000
Overhead applied = 40,000 and Net overapplied volume= 5,000
Net overapplied overhead = $2,000
Learn more about the total overhead variance here:-
https://brainly.com/question/7635845
#SPJ1
A farmer shows up at a tractor dealership with $150,000 to buy a tractor priced at $148,875. The excess after buying the tractor will be used to pay for license, insurance and maintenance for the first few months. Since he is paying cash for the tractor he is able to negotiate 15% reduction off the sticker price. How much did he pay for the tractor
The amount that the farmer paid for the tractor, which is the net price after discounts, is $126,543.75.
What is the net price?The net price is the difference between the sticker price and the discount of 15% received off the sticker price.
Data and Calculations:Sticker price of tractor = $148,875
Discount reduction 15%
Amount paid = $126,543.75 ($148,875 x 1 - 0/15)
Thus, the farmer paid $126,543.75 for the tractor at the dealership.
Learn more about net price at https://brainly.com/question/17003148
#SPJ1
which costs are affected by the level of output produced?
The costs that are affected by the level of output produced is:
Variable costsWhat are Variable Costs?Variable costs are the accrued costs that are dependent on the amount of productivity invested by the employees. The variable costs are not stable because they vary with the level of output at every point in time.
The opposite of variable cost is fixed cost. Raw material and delivery costs are some examples of variable costs.
Learn more about variable costs here:
https://brainly.com/question/13896920
#SPJ11
what are letters of reference called
Letters of reference are called letter of recommendation
What are reference letter?Letter of reference is a letter written on behalf of an individual to point out potential and capacity that the person posses.
This can be done former employer for an employee who has worked with him or her.
Therefore, letters of reference are called letter of recommendation.
Learn more on recommendation letter below
https://brainly.com/question/14376285
#SPJ1
for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. marginal cost equals zero. e. average total cost equals marginal cost.
For a monopolist b. price is above marginal revenue.
What Is Marginal Revenue?Marginal revenue can be regarded as increase in revenue which is been gotten from the sale of one additional unit of output.
As a monopolist that is the the only seller in the market, then their marginal revenue is usually above price because they don't have a competitor that is close enough.
Read more on Marginal Revenue here:
https://brainly.com/question/12231343
#SPJ11
This morning your manager asked you to complete a special task by this afternoon. While you are working on it, a customer asks you for help. If you stop to help them, you probably will not finish the task for your manager. What would you be MOST likely to do
Santiago was excited to find out that he was accepted at the college of his choice, but knew that he would need financial aid to pay for it. Luckily, he was approved for a government grant. What does this mean for Santiago
This means that Santiago can go to the college as he is provided with the financial support.
What is the meaning of Government Grant?The financial grant given the government of any level such as the federal level, State level or Local level to provide some funds to useful projects is known as Government Grant.
According to the above scenario, Santiago is provided the government grant now he can attend the college.
Learn more about grant here:
https://brainly.com/question/8386679
#SPJ1
Scarcity exists when there are _______ resources available to satisfy all the competing uses.
what is the best way to prevent underage alcohol sales
The best way to prevent underage alcohol sales is to:
Ask every guest who might be underage for a valid ID.What is Underage Drinking?Underage drinking occurs when a person who is below the legal age of drinking indulges in alcohol.
When young people who are below the legal age of drinking approach a store manager, the best thing to do will be to ask for their official means of identification. If this is below the recommended age then it will not be ideal to sell to them.
Learn more about underage drinking here:
https://brainly.com/question/1151204
#SPJ11
Which trim level is available exclusively for customers who participate in the 2023 ariya reservation program?.
The PLATINUM+ e-4ORCE is the trim level that is available exclusively for customers who participate in the 2023 Ariya reservation program.
What is the Ariya reservation program?The reservation program is organized by Nissan firm to the public.
In conclusion, the PLATINUM+ e-4ORCE is said to be the trim level that is available exclusively for customers who participate in the 2023 Ariya reservation program.
Read more about reservation program
brainly.com/question/597997
#SPJ1
Lee Sun's has sales of $3,300, total assets of $3,000, and a profit margin of 6 percent. The firm has a total debt ratio of 42 percent. What is the return on equity
The return on equity is 11.37%.
What does an equity means?The value that would be restored to a company's shareholders if all of its assets were sold and all of its obligations were settled is known as equity. We can also think of equity as the amount of ownership that remains in a company or asset after all debts related to that asset have been paid off.Net income = $3,300 x 0.06 = $198
Total debt ratio = 0.42 = ($3,000 - total equity)/$3,000
Total equity = $1740
Return on equity = $198/$1740
= 0.1137 or 11.37%
Learn more about equity brainly.com/question/2254380
#SPJ4
an economic policy maker would rank a _____ shock as the least preferred type. a. positive demand b. negative demand c. positive supply d. negative supply
The negative supply shock would most likely be ranked as the least preferred type by an economic policy maker.
What is a negative supply shock?It refers to a change in supply which resulted to a decreases output causing prices to increase.
Among other supply shock, this is least preferred type of supply shock by an economic policy maker.
Therefore, the Option D is correct.
Read more about supply shock
brainly.com/question/25069111
#SPJ11
Lee, the CEO of Libra Inc., decided that the best way to diversify this food processing company would be to set up its own small-scale beverage producing unit in a new area where its new products would have high demands. This decision by Lee best reflects a(n) _________.
The decision that Lee wants to take to diversify the food processing company is known as a greenfield entry.
What is a greenfield entry?
This refers to the establishment of a company's subsidiary in another nation or area apart from the company's current location.
Lee wants to establish a new division in another area so this must be a greenfield entry.
Find out more on greenfield entry at https://brainly.com/question/16049184.
#SPJ12
In cities where people typically go to retire, there tends to be larger markets for Viagra. Nancy, a Viagra saleswoman, recently moved from Park City Utah (an amazing place to retire) to Florida (another common place to retire) simply because of its warmer climate and will need to spend some time looking for a new job at one of the many Viagra sales firms in Florida. Nancy would be considered:
Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered frictionally unemployed.
What is frictional unemployment?Frictional unemployment exists in a situation when a person could be gainfully employed but decides to seek employment elsewhere.
The movement from employed status to seeking employment creates frictional unemployment.
Thus, Nancy, who was a Viagra saleswoman in Utah before moving to Florida, would be considered frictionally unemployed.
Learn more about frictional unemployment at https://brainly.com/question/11481076
#SPJ12
suppose a small economy produces only the three goods listed in the the table above. what is the value of gdp in this economy?
Suppose a small economy produces only the three goods listed in the table below, the value of GDP in this economy is $27,000.
What is GDP?GDP means Gross Domestic Product.
The GDP shows the monetary value of all finished goods and services produced in a country during a specific period.
Data and Calculations:GDP Table
Product Price Quantity Total Value
Shovels $20 40 $800
Books 50 500 $25,000
Pizzas 10 120 $1,200
Total GDP = $27,000
Thus, suppose a small economy produces only the three goods listed in the table below, the value of GDP in this economy is $27,000.
Learn more about GDP at https://brainly.com/question/1383956
#SPJ12
Marketing documentation typically includes:
The marketing agreement is essential document for marketer to market a new product, it outlined work to be done in campaign.
Marketing requirements document define the product or service to market, the effort is done as per task assigned for promotion or brand new product.
Strategic plan outlines marketing campaign goals and milestones to achieve the goal with or without others involvements.
Content schedules is to obtain content to execute marketing strategy, this is special promotion or it is limited time offers.
What is Marketing?
The marketing is an action of promoting / selling of products or providing services.
#SPJ12
Learn more about Marketing https://brainly.com/question/27927105
If the Fed wants to decrease interest rates, it should: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices recall bonds in open market operations. issue bonds in open market operations. buy bonds in open market operations. sell bonds in open market operations.
If the Fed wants to decrease interest rates, they should buy bonds in open market operations.
How can the Fed decrease rates?The Fed can engage in Open market operations where they buying bonds from the market.
This would increase the amount of cash in the economy. As this happens, interest rates would decrease because less people would demand loans as they would have cash.
Find out more on open market operations at https://brainly.com/question/14256204.
#SPJ12
When a firm makes choices between a cost or value position to achieve competitive advantage, it is primarily involved in:
When a firm makes choices between a cost or value position to achieve competitive advantage, it is primarily involved in: strategic trade-offs.
What are strategic trade-offs?
This is a term that is used in the business word to refer to the sacrifices that a firm would make in order to be able to deliver on its goals.
Trade offs could be the service levels that the firm is not able to achieve.
Read more on trade offs here:
https://brainly.com/question/13760478
#SPJ12
When marketers adapt their products by offering less expensive products that are tailored to consumers with modest incomes, they are paying close attention to:
When marketers adapt their products by offering less expensive products that are tailored to consumers with modest incomes, they are paying close attention to: economic factors.
What are economic factors?Economic factors are those factors that are used to determine what causes the competitiveness in the business environment of the firm.
Some of the factors are
Wages Interest rateInflationGovernment policiesRead more on economic factors here: https://brainly.com/question/6616580
#SPJ12
Savion is restoring a car and has already spent $4,000 on the restoration. He expects to be able to sell the car for $5800. Savion discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. He could also sell the car now, without completing the additional work, for $3,800. What should he do?.
Based on the selling price of the car and the cost to work on it, Savion should sell the car now for $3,800.
Why should Savion sell the car?The profit if he works on the car is:
= Selling price - Addtional work cost
= 5,800 - 2,400
= $3,400
The profit from selling the car is $3,800 which is more than the profit if additional work is done of $3,400.
The $4,000 is irrelevant as it is a sunk cost.
Find out more on sunk costs at https://brainly.com/question/13695005.
#SPJ1
the saving component of financial planning focuses on long-term security and includes:
The saving component of financial planning focuses on long-term security and includes a regular savings plan for emergencies.
What is financial planning?Financial planning can be described as the process of evaluating a person's present income and future financial situation using currently available data to forecast future asset values, earnings, and withdrawal schedules.
Long-term financial planing serve as the foundation for the creation of short-term plans and budgets later in the financial planning process.
The saving portion of financial planning emphasizes long-term security and includes a consistent savings plan for emergency expenses.
Learn more about financial planning here: https://brainly.com/question/17586668.
#SPJ12
an online store wants a database of customer information but it does not have the meta pixel installed. which campaign objective meets this business goal?
The campaign objective which meets this business goal is Lead Generation
What is Lead Generation?This refers to the process through which potential customers are identified and cultivated.
Hence, we can see that from the given scenario of the use of a database of customer information to identify their purchase decisions but has no metadata installed, this is lead generation.
Read more about Lead Generation here:
https://brainly.com/question/14972440
#SPJ12
a. what happens to the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece?
The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece
Why will the number of sandwiches and ice cream reduce?The number of sandwiches and ice cream will decrease this is because according law of demand at a higher price the quantity demanded for the goods is reduced. People tend to buy more commodity when the price is reduced.
Therefore, The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece
Learn more on commodity below,
https://brainly.com/question/17242780
#SPJ1
If the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece, income and substitution effects will take place.
What is income and substitution effects?Income effect is the change in the consumption pattern of consumers based on their income at a particular time.
Substitution effects is the change which occurs when consumers replace expensive goods with cheap goods as a result of changes in price and income.
Learn more about demand:
https://brainly.com/question/1245771
#SPJ11
Suppose your main competitor has just introduced a new technology by which customers are really delighted about that technology. the customers are increasing substantially after introducing that new technology in the market. as a top-level manager, what should you do at this moment for your organization?
As a top-level manager of the organization, the duty of the manager is to come up with a business strategy that can be effectively applied to the situation so that it works in favor of the organization.
How a company can conquer technological challenges?Sustaining in the market by lowing the prices of the products.Introducing discounts and combo offers to attract customers.Creating better customer-business relationships so that a business rapport can be built.Working with the team, brainstorming some ideas which can bring positive results for the organization with the existing products available in the market.Thus, these are some of the ways a manager can adapt to survive through a technological threat.
Learn more about technological challenges:
https://brainly.com/question/23984579
#SPJ1
Most single-payment loans are secured by:
Most single-payment loans are secured by collateral.
What is Collateral?Collateral can be explained as money or property that is been used by the one who borrow of a loan as a guarantee that someone will repay.
This can be a personal assets especially for small business loans, hence, Most single-payment loans are secured by collateral.
Learn more about collateral at:https://brainly.com/question/14997152
#SPJ12
____,while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good. Multiple choice question.
The complete statement is "A decrease in the supply of a good, while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good. Multiple choice question.". This is further explained below.
What is the equilibrium price of the good,?Generally, the equilibrium price of the good is simply defined as If supply and demand are equal, then the price at which the market clears is the equilibrium price of the commodity or service.
In conclusion, In this case, a downward trend is represented by an upward or leftward shift in the supply curve.
Read more about the equilibrium price of the good
https://brainly.com/question/11161357
#SPJ1
a decrease in a supply of a good
If your job is to compare actual expenses incurred by your company with financial projections previously created, you are performing the task of Multiple Choice financial control. managerial control. the accounting cycle. financial ratio analysis.
Answer:
Financial Statement Analysis
Financial statement analysis reviews financial information found on financial statements to make informed decisions about the business. The income statement, statement of retained earnings, balance sheet, and statement of cash flows, among other financial information, can be analyzed. The information obtained from this analysis can benefit decision-making for internal and external stakeholders and can give a company valuable information on overall performance and specific areas for improvement. The analysis can help them with budgeting, deciding where to cut costs, how to increase revenues, and fu
Economists believe that people's wants are:
Economists believe that the wants of people are infinite.
What is want in economics?
These are the basic needs of people. In the field of economics it is believed that the wants of people are too numerous.
People have so many needs and the resources that are required to fulfill them are limited. This is the concept of scarcity.
Read more on want and scarcity here:
https://brainly.in/question/2337492
#SPJ12
country x has a budget deficit. which of the following changes in government budget outlays and tax revenues will result in a decrease in country x’s government budget deficit?
The combination of outlay and Tax revenue that will help correct the deficit situation of Country X is found in Option D. This condition means that the country's tax revenue is in excess of its spending by $200 Million.
What is a Budget Deficit?When there is a shortfall between the available funds or revenue required to service the budget, the country is said to be operating in a budget deficit situation. Note that outlay means spending.
Thus, it is correct to state that The combination of outlay and Tax revenue that will help correct the deficit situation of Country X is found in Option D
See the attached image.
Learn more about budget deficit at;
https://brainly.com/question/26010226
#SPJ11
John, who has an inflation adjusted wage, would like to borrow a loan from the Bank of Titon. Suppose the inflation rate is predicted to be 8%. In order for the loan payments to be more favorable to John, the interest rate should be:
In order for the loan payments to be more favorable to John, the interest rate should be:6%.
What is inflation?Inflation occur when their is increase in the price of goods and services,
Based on the given scenario if the inflation rate is 8%. The best alternative is for John to receive the interest rate at 6% as this will enable the loan payment to favor him compare to 8% which is higher.
Therefore In order for the loan payments to be more favorable to John, the interest rate should be:6%.
Learn more about inflation here:https://brainly.com/question/777738
#SPJ1
The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called:
The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.
Shift in DemandWhen a fundamental driver of demand changes, the location of the demand curve will move to the left or right.The demand curve shifts to the right to indicate increases in demand. A rise in income, an increase in the cost of a substitute, or a decrease in the cost of a complement could all contribute to this.An increase in the quantity needed at every price results from a movement in demand to the right. For instance, if drinking coke gets more popular, demand will rise regardless of price.
Hence, the change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy due to a change in its price is called a Shift in Demand.
To learn more about Shift in Demand refer to:
https://brainly.com/question/15604750
#SPJ4
