More Hits Company manufactures aluminum baseball bats that it sells to university athletic departments. It has developed the following per unit standard costs for 2019 for each baseball bat:
Direct Materials Direct Labor Manufacturing Overhead
Standard Quantity 2 Pounds (Aluminum) 1/2 hour 1/2 hour
Standard Price $4.00 $10.00 $6.00
Unit Standard Cost $8.00 $5.00 $3.00
In 2019, the company planned to produce 120,000 baseball bats at a level of 60,000 hours of direct labor. Actual results for 2019 are presented below:
1. Direct materials purchases were 246,000 pounds of aluminum which cost $1,020,900.
2. Direct materials used were 220,000 pounds of aluminum.
3. Direct labor costs were $575,260 for 58,700 direct labor hours actually worked.
4. Total manufacturing overhead was $352,000.
5. Actual production was 114,000 baseball bats.
Compute the following variances and identify whether the variance is favorable or unfavorable:
1. Direct Materials Price
2. Direct Materials Quantity
3. Direct Labor Price
4. Direct Labor Quantity
5. Total Overhead Variances
Prepare the journal entries to record the transactions and events in 2019.

Answer:

$26 U

Explanation:

Calculation to determine what The sales mix variance for the two countries is

First step is to calculate the sales mix variance in Gallia

Using this formula

Sales mix variance in Gallia={[Actual units sold-(Actual total units sold×Budgeted percentage)×Budgeted UCM}

Let plug in the formula

Sales mix variance in Gallia= {[260 –(520 actual × .6 )] × $3 }

Sales mix variance in Gallia=$156 U

Second step is to calculate the sales mix variance in Helvetica using this formula

Sales mix variance in Helvetica={[Actual units sold-(Actual total units sold×Budgeted percentage)×Budgeted UCM}

Let plug in the formula

Sales mix variance in Helvetica= {[260 –(520 × .4 )] × $2.50 }

Sales mix variance in Helvetica=$130 F

Now let calculate the multiple-country sales mix variance using this formula

Sales mix variance =Sales mix variance in Gallia-

Sales mix variance in Helvetica

Let plug in the formula

Sales mix variance= ($156 U –$130 F)

Sales mix variance=$26U

Therefore The sales mix variance for the two countries is $26U

Answer:

monopoly, but self-interest often drives them closer to the perfectly competitive outcome.

Explanation:

In the given situation, the oligopoly tried to act like the monopoly via collusion but at the same time they would tend to cheat that drives the profit and the price per unit is less also it acted as the competitive firm

so here the self-interest would also be drives them near to the perfectly competitive result

hence, the above represent the answer

Oligopolies would like to act like a monopoly, but self-interest often drives them closer to the perfectly competitive outcome. The correct option is d.

Oligopolies are a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms.

A monopoly is a market with only one producer, a duopoly has two firms, and an oligopoly consists of two or more firms. There is no precise upper limit to the number of firms in an oligopoly, but the number must be low enough that the actions of one firm significantly influence the others.

Learn more about oligopolies, here:

https://brainly.com/question/28317513

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Answer:

9.87%

Explanation:

Calculation to determine What APR do you have to earn in order to achieve your goal

$2.7 million = $600{[(1 + r)444 − 1] / r}

r = .0082*100

r=.82%

r = .82% × 12

r = 9.87%

Therefore the APR you have to earn in order to achieve your goal is 9.87%

Answer:

Some are genuinely giving back to the community:

Some MNCs are engaged in Corporate Social Responsibility (CSR) and Sustainable business practices because they genuinely care about the communities they have a presence in and the earth as well. With this is mind, they find out ways to give back to the community to ensure that people's lives are touched and improved so that the wider community benefits from the success of the MNC.

Brand Strengthening and Recognition.

Sometimes MNCs get involved in CSR to build their brand because people would associate their brand with the good works they do. This would go a long way in improving their sales figures as well because people want to support a company that supports its communities.

Tax Considerations.

Various tax credits exist for MNCs across many countries and tax regimes to reward them for their CSR activities. MNCs therefore see this as a chance to kill two birds with one stone as they get to use money that would have gone to taxes to improve their PR standing.

Answer:

Suzi

Explanation:

Comparative advantage is the relative edge that a person has over another in the production of a product. They use less resources to produce the product than others.

When two parties corporate in production the good to produce can be shared base on who has comparative advantage or the person that loses less in a production process.

In the give instance

Suzi can produce a shirt in 6 hours while Anna produces it in 3 hours. Anna is twice as fast as Suzi.

Suzi can bake a cake in 4 hours while Anna can do so in 1 hour. So Anna is 4 times faster than Suzi in baking cakes.

It will be best for Suzi to make shirts since she is only twice as slow as Anna.

Anna will be better off baking cakes as she is four times as fast here.

Answer:

i dont know

Explanation:

Answer: Her actions are inconsistent with the advice being given to her clients and this must be disclosed

Explanation:

Since the registered investment adviser often recommends real estate limited partnership investments to her wealthy clients but she never buys limited partnership units for her personal account.

This shows that her actions are inconsistent with the advice being given to her clients and this must be disclosed.

Answer:

13.39%

Explanation:

Calculation to determine the expected rate of return on this stock

Using this formula

E(r)=(Boom probability*Expected boom economy stock)+(Normal economy*Expected Normal Economy stock)+(Recession*Recession economy lose)

Let plug in the formula

E(r) = (.24 * .24) + (.61 * .13) + (.15 *- .02)

E(r)= .0576 + .0793- .003

E(r)= .1339*100

E(r)=13.39%

Therefore the expected rate of return on this stock will be 13.39%

Answer:

$4,893.33

Explanation:

Inez's monthly earnings in April comprises of her monthly salary and the performance bonus which are both computed as shown below:

monthly salary=annual salary/12 months

annual salary

monthly salary=$40,000/12

monthly salary=$3,333.33

Note that the performance bonus is not based on the entire sales revenue generated by her but on the sales revenue above the threshold of $50,000

sales performance bonus=($69,500-$50,000)*8%

sales performance bonus=$1,560

monthly earnings=$3,333.33+$1,560

monthly earnings=$4,893.33

Answer:

The answer is "Option C".

Explanation:

Let

Spot rate = Base rate= 1.20

Within the [tex]5\%[/tex] range, the trade will taking the place at the base rate that is [tex]=1.20[/tex]

Calculating the lower limit:

 [tex]\to 1.20 - (5\% \times 1.20) =1.20 - (0.06)= 1.20 - 0.006 = 1.14\\\\\to 1.20 + (5\% \times 1.20)=1.20 + (0.06) = 1.20 + 0.006 = 1.26[/tex]

Answer:

to encourage creativity

Answer:

1.28%

Explanation:

Periodic rate = APR / amount of compounding

the amount of compounding is equal to the number of months that the company compounds the amount

15.4 / 12 = 1.28%

Answer and Explanation:

The annual percentage rate or stated rate is as follows;

Effective annual rate = [1 + (Annual percentage rate ÷ compounding period )]^compounding period - 1

Annual percentage rate

= 2[(1.119)1 ÷ 2 - 1]

= 11.57%

Annual percentage rate is

= 12 [(1.128)1 ÷ 12 - 1]

= 12.11%

Annual percentage rate

= 52[(1.105)1 ÷ 52 - 1]=

= 9.99%

Annual percentage rate

= 365[(1.142)1  ÷ 365 -  1]

= 13.28%

Answer:

Orlando Company

Indication of the missing amount for each letter:

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h) and i) = $149,850 ($213,000 - $63,150)

$149,850 = 185% (100 + 85%)

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

Explanation:

a) Data and Calculations:

                                                          Job 1         Job 2         Job 3

Direct materials used                       $(a)        $83,000     $63,150

Direct labor                                    50,000      140,000         (h)

Manufacturing overhead applied 42,500         (d)                 (i)

Total manufacturing costs          145,650          (e)           213,000

Work in process 1/1/14                       (b)           15,500        18,000

Total cost of work in process   201,500            (f)                 (j)

Work in process 12/31/14                  (c)            11,800            (k)

Cost of goods manufactured   192,300            (g)         222,000

                                                          Job 1         Job 2           Job 3

Direct materials used                   $53,150     $83,000       $63,150

Direct labor                                    50,000      140,000         81,000

Manufacturing overhead applied 42,500       119,000        68,850

Total manufacturing costs          145,650      342,000      213,000

Work in process 1/1/14                  55,850         15,500        18,000

Total cost of work in process    201,500       357,500     231,000

Work in process 12/31/14              9,200           11,800         9,000

Cost of goods manufactured    192,300      345,700     222,000

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h and 1 = $149,850 ($213,000 - $63,150)

$149,850 = 185%

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

Answer:

If an individual has shares in a dot.com or IT firm in his or her portfolio, the essential concept of finance that might be overlooked while owning the commodity is :

1) The corporation's income/EPS has decreased.

2) A slowdown in the corporation 's growth and turnover.

3) The dividend payment ratio will be reduced.

Quarterly effects on the outcomes would rarely make a difference in the year results, given the seasonal or business pattern in IT organisations.

Answer:

Advantages of using the average rate of return except:

b.the average rate of return method uses present values.

Explanation:

The company's average rate of return or the accounting rate of return (ARR) ignores the time value of money or the cash flows in its calculations.  It is a simple capital evaluation method which calculates the ratio based on the percentage of annual returns over the project's initial cost.  The ARR is not like other investmental appraisal methods, it bases its calculations on accounting profits rather than cash flows.

Answer:

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

It is expected that when the price of a BMW falls, the quantity of cars demanded increases.

there are two effect in place that affect the demand for BMW.

They are :

The substitution effect looks at the change in price of a good relative to other goods. When the price of a BMW falls, it becomes cheaper relative to other goods. As a result, consumers buy more of BMWs and less of other goods. This leads to a movement down along the demand curve for that good.

The income effect looks at how a change in price affects real disposable income. When the price the BMW decreases, real disposable income increases. As a result, consumers can afford to buy more BMW cars as the consumers purchasing power has increased, holding money income constant.

These two effects lead to an increase in the quantity of BMW demanded

Explanation:

Answer:

Increase and remain the same respectively

Explanation:

Given the above information, we know that current ratio is computed as;

Current ratio = Current assets ÷ Current liabilities

Current ratio = $60,000 ÷ $34,000

Current ratio = 1: 1.76

Working capital is computed as;

= Current asset - Current liabilities

= $60,000 - $34,000

= $26,000

As a result of the above, the current ratio increased because of the reduction in the current liabilities value while the working capital remains the same.

Answer: 4600

Explanation:

The number of deer that Concord can capture during 2020 will be calculated thus:

Let the number of deers that'll be captured be represented by x.

Based on the information given in the question, we can form an equal which will be:

Fixed cost + Variable cost = Total cost

10000 + 10x = 56000

10x = 56000 - 10000

10x = 46000

x = 46000/10

x = 4600

Therefore, 4600 deers can be captured

Answer:

the restocking level is 147 units

Explanation:

The computation of the restocking level is shown below:

= (11 × (2 + 4))  + 9 × 1.96

= 147 units

The 1.96 comes from

= 100 - 2.5%

= 97%

The value of z for 97% is 1.96

Hence, the restocking level is 147 units

The same would be considered and relevant too

Answer:

. the next best alternative that could have been undertaken.

Explanation:

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives

Assume that the next best option instead of attending the game is to study for a test. this is the opportunity cost

the price of the ticket is known as the explicit cost. Explicit cost includes the amount expended in carrying out a particular activity

Answer: income quintile

Explanation:

An income quintile is how the socioeconomic status of a population is measured. Here, the population is divided into 5 income groups which is from the lowest income group to the highest income group. One-fifth of the population are in each group, which is rank ordered by income.

The first quintile = 0 - 20%

Second quintile = 20% - 40%

Third quintile = 40% - 60%

Fourth quintile = 60% - 80%

Fifth quintile = 80% - 100%

Answer: See explanation

Explanation:

Based on the information given in the question, the reserve ratio is given as 5%, then the money multiplier will be:

= 1 / reserve requirement

= 1/5%

= 1 / 0.05

= 20.

Therefore, the money multiplier will increase by 20.

Then, the Money supply will be calculated as:

= amount x money multiplier

= 2000 x 20

= 40000

Therefore, the increase in the money supply will be $40000.

In this case, if the FED purchases $2000 worth of bonds, it'll expand the money supply more.

Answer:

116.67%

Explanation:

Note: Complete question is attached as picture below

Capital Turnover = Sales / Total Assets

Capital Turnover = $7,000,000 / $1,500,000

Capital Turnover = 4.67

Sales Margin = Operating Income / Sales

Sales Margin = $1,750,000/$7,000,000

Sales Margin = 0.25

Sales Margin = 25%

Division Rate of Investment = Capital Turnover * Sales Margin

Division Rate of Investment = 4.67 * 25%

Division Rate of Investment = 116.67%

The current ratio expressed as a proportion is 2.5

Explanation:

Given :

The current assets = $292400

The current liabilities are $116960.

To find :

The current ratio

Solution :

Current Ratio =

[tex]\sf{\dfrac{Current \: Assets }{Current \: Liabilities}}[/tex]

[tex]\sf{\implies{\dfrac{292400}{116960}}}[/tex]

[tex]\implies[/tex] 2.5

Therefore, The current ratio expressed as a proportion is 2.5

Answer: $2.33

Explanation:

The unit contribution margin that is required to attain the profit target will be calculated thus:

= (Fixed cost + Desired profit) / Estimated units

= ($225,000 + $125,000) / 150,000

= $350,000 / 150,000

= $2.33

Therefore, the unit contribution margin is $2.33

Answer:

The main sources constituting long-term financing are shares, debentures, and debts form banks and financial institutions.

Answer:

d. none of the above. In pursuing its own best interests, Firm A will in no case concede that cigarette smoke causes cancer

Explanation:

The given scenario is a classic case of prisoner's dilemma.

Individuals in a given situation tend to tend to not cooperates or confess even if doing so is in their best interest.

Rationally Firm A will have the incentive of a lower liability in the suit brought against them. But they will in no situation admit that cigarette smoke causes cancer. Even if Firm B admits to it.

The best interest for Firm A will be not to admit and maintain their sales as this will affect their business adversely