16,000 pounds at $0.85 a pound. Super budgeted for 59,000 pumpkin scones. Actual output was 59,200 pumpkin scones. Read the requirements. Requirement 1. Compute the flexible-budget variance. Let's begin by determining the formula used to calculate the actual pumpkin costs, then enter the amounts in the formula and calculate the cost. = Actual pumpkin costs ∣=
Requirements 1. Compute the flexible-budget variance. 2. Compute the price and efficiency variances. 3. Comment on the results for requirements 1 and 2 and provide a possible explanation for them.
Answers
The flexible-budget variance is $1,042.50 (unfavorable). The price variance is $0 (favorable). The efficiency variance is $2,592.50 (unfavorable).
To compute the flexible-budget variance, we need to compare the actual cost of pumpkins to the flexible budget cost of pumpkins. The flexible budget cost of pumpkins can be calculated as follows:
Flexible budget cost of pumpkins = Standard price x Actual output in pounds x Standard quantity per unit
The standard price is $0.85 per pound, the actual output is 59,200 pumpkin scones, and the standard quantity per unit is 0.25 pounds of pumpkin per scone. Therefore, the flexible budget cost of pumpkins is:
Flexible budget cost of pumpkins = $0.85 x 59,200 x 0.25 = $12,557.50
The actual cost of pumpkins is $0.85 x 16,000 = $13,600. Therefore, the flexible-budget variance is:
Flexible-budget variance = Actual cost - Flexible budget cost
Flexible-budget variance = $13,600 - $12,557.50
Flexible-budget variance = $1,042.50 (unfavorable)
To compute the price and efficiency variances, we need to use the following formulas:
Price variance = (Actual price - Standard price) x Actual quantity
Efficiency variance = (Actual quantity - Standard quantity) x Standard price
The standard price is $0.85 per pound, and the standard quantity per unit is 0.25 pounds of pumpkin per scone. The actual price is $0.85 per pound, and the actual quantity is 16,000 pounds of pumpkin. Therefore, the price variance is:
Price variance = ($0.85 - $0.85) x 16,000
Price variance = $0 (favorable)
The efficiency variance is:
Efficiency variance = (16,000 - 59,200 x 0.25) x $0.85
Efficiency variance = (-3,050) x $0.85
Efficiency variance = $2,592.50 (unfavorable)
The flexible-budget variance is unfavorable, which means that the actual cost of pumpkins was higher than the flexible budget cost of pumpkins. This could be due to a variety of factors, such as an increase in the price of pumpkins or an increase in the amount of pumpkin used per scone.
The price variance is favorable, which means that the actual price of pumpkins was the same as the standard price. This is a good sign, as it indicates that the company was able to purchase pumpkins at the expected price.
The efficiency variance is unfavorable, which means that the actual quantity of pumpkins used per scone was higher than the standard quantity. This could be due to a variety of factors, such as a decrease in the quality of pumpkins or a change in the recipe for pumpkin scones. The company should investigate the cause of the unfavorable efficiency variance and take steps to address it in the future.
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Related Questions
The average weekly wages for employees in a company has an average income of $415 with the standard deviation of $26. Assume that the weekly wages are approximately normally distributed.
What should be the income of a randomly selected employee so that the income is in the top 5%?
An employee claims that his income is at 85th percentile. What should be his/her income in dollars?
Answers
The z-score associated with the desired percentile.
How can the z-score be used to find the income for a specific percentile?To determine the income that corresponds to the top 5% of employees in the company, we need to find the z-score associated with the desired percentile.
Since the income is normally distributed, we can use the standard normal distribution table or calculator to find this value. The z-score corresponding to the top 5% is approximately 1.645.
Using the z-score formula, we can calculate the income corresponding to the top 5% as follows:
Income = (z-score * standard deviation) + mean
Income = (1.645 * $26) + $415
Income ≈ $56.77 + $415
Income ≈ $471.77
For the employee who claims to have an income at the 85th percentile, we can follow a similar approach. The z-score corresponding to the 85th percentile is approximately 1.036. Thus, their income can be calculated as:
Income = (z-score * standard deviation) + mean
Income = (1.036 * $26) + $415
Income ≈ $26.94 + $415
Income ≈ $441.94
The income for a randomly selected employee to be in the top 5% should be approximately $471.77, while the income for an employee claiming to be at the 85th percentile should be around $441.94.
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3. If the Wall Street Journal published an article w/ the headline "Poultry Farmers Detect Infectious Avian Bird Flu," what would happen to the demand curve for chicken? What good or service is being changed in the scenario? What is the determinant of demand that caused the change?
Answers
Answer:
If such a headline was published, the demand for chicken and its byproducts would plummet. The demand curve would shift to the left, meaning that the quantity demanded would decrease at all price levels.
The quality of the chicken and its byproducts has changed here, since they would turn into potentially unhealthy food.
The determinant of the demand for chicken products that is altered by this article is consumer preferences. The health of consumes is at risk, which would alter their preferences due to fear of getting sick.
matics A
Select the correct answer from each drop-down menu.
The function f(x) = 500(1+2015)4 models the balance in a savings account.
The savings account had an initial balance of
and compounds
Reset
Next
at an interest rate of
Answers
Answer:
50%
Explanation: i worked out the problem and got that answer
Which of the following is the best way to make sure you have good customer retention?
A. Give coupons to new customers
B. Provide good customer service
C. Offer Internet sales
D. Use sales quotas
Answers
Answer:
B. Provide good customer service
Explanation:
Customer service refers to taking care of customers' needs by providing timely, professional, and useful assistance to the customer at all times. It involves addressing customer concerns by providing meaningful support when required.
Customer service entails a one-on-one interaction with a client. The customer service agent must portray a genuine willingness to support the customer. They need to demonstrate passion for work and customers throughout the interaction. Good customer service create loyal customers.
g at the binding price floor of p3, by how much would the quantity supplied change from the market equilibrium? a. the quantity supplied would increase by 32,000 units. b. the quantity supplied would decrease by 18,000 units. c. the quantity supplied would increase by 30,500 units. d. the quantity supplied would decrease by 30,500 units. e. the quantity supplied would decrease by 32,000 units.
Answers
The quantity supplied would decrease by 30,500 units from the market equilibrium.
A price floor is an officially mandated minimum price that can be charged for goods and services. It can be established for a variety of reasons, including protecting the financial interests of producers in specific industries, ensuring the stability of food supplies, and ensuring that the price of goods covers their actual costs. In any event, a price floor will have an impact on the market in question, either positive or negative. When the price floor is set at $P3, the quantity supplied is indicated as the point where the price intersects the supply curve, which is 75,000 units. This is located at the intersection of the price floor and the supply curve. When the price floor is established, the price of each unit rises to $P3, and the quantity supplied rises to 75,000 units as well. This is an excess supply of 30,500 units.Learn more about market here: https://brainly.com/question/25369230
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1. According to this supply curve, 400 movie videos will be supplied at what price?
a. $12
b. $16
c.$14
d.$10
Answers
According to this supply curve, 400 movie videos will be supplied at what price 12 dollars.
What is a supply curve?A supply curve is a graphical representation of the relationship between the quantity of a good or service that a producer is willing to sell and the price at which they are willing to sell it. The curve is upward sloping, which means that as the price of a good or service increases, the quantity supplied by producers will also increase.
The opposite is also true, as the price of a good or service decreases the quantity supplied by producers will decrease. It is assumed that all other factors (technology, input prices, taxes and subsidies etc.) that affect production remain constant.
The position of the supply curve can also change depending on these factors. The supply curve is a fundamental concept in microeconomics, it is used to analyze market behavior and the determination of prices in a market.
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use the css ________ property to configure the cellpadding of a table.
Answers
Use the css padding property to configure the cellpadding of a table. The padding property on the td> element takes the place of cellpadding.
Which CSS property is used to set a table's cell padding?
The inline style attribute is what we use to set HTML cell padding. The space that exists between a cell's content and the table's borders is called "cell padding." Within the HTML table> tag, the style attribute is utilized, and the CSS property called padding has a specified value in pixels.
In CSS, how do I use Cellpadding?
The cell borders and spaces between them are defined by the cell padding. The default value for the cell padding property will be used if it is not used. The cell dividing is utilized to characterize the space between the cells.
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Who is 13 and a girl
Answers
Answer:
there is 12,548,067 13 year old female children in the U.S that is 17% per a 2019 survey
write a Business Report worth (20 Marks)
Mia Grace owns Grace Realty, a real estate business operating since 2001. She
employs 5 full-time staff and 7 casual staff. Grace Realty opens 6 days per week.
Despite real estate value increasing, the business has experienced a decline in
market share, due to new competitors. Mia is considering an offer to merge with
another real estate, to increase market share. However, the other real estate
operates different systems, opens 7 days per week and has a different workplace
culture.
Assume that you have been hired by Grace Realty as a business consultant.
Write a report that addresses EACH of the following:
Explain TwO external influences on this business.
Discuss why employees may resist change.
Recommend strategies to manage change effectively.
Answers
The elements outside of a company's control that have an impact on operations and success are known as external effects. Government laws, economic downturns, population demography, and technology are among examples.
How to illustrate the information?Some workers exhibit resistance to learning something new because they are simply hesitant to try new routines. They make statements like, "I already know everything I need to complete the job," or "I'm competent at what I do, why skew the boat?"
The strategies to manage change effectively include:
Plan Carefully.Tell the Truth. Communicate. Provide Training.Invite ParticipationTherefore, the elements outside of a company's control that have an impact on operations and success are known as external effects. Government laws, economic downturns, population demography, and technology are among examples.
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2. What types of things does a hospitality manager do?
3. What courses or information would be helpful for a hospitality manager?
please help
Answers
Answer:
2. What is a hospitality manager?
In general, hospitality managers oversee the day to day operations of a hotel or restaurant, which includes managing personnel, ensuring guest satisfaction, and following the appropriate steps to ensure that the facilities are well-maintained. Hospitality managers are also required to oversee the upkeep of financial and administrative records.
3. First, find a good mentor
second Be selective in your hiring
third Focus on leadership, not management
fourth Communicate, communicate, communicate
fifth Listen to your guests
sixth Keep learning
Explanation:
Hope this helps...
if 2022 murano’s available intelligent climate control starts in automatic defrost mode, what other features, if equipped, are also activated?
Answers
It should be noted that when the 2022 murano’s available intelligent climate control starts, the other features that start as well include the head steering wheel and the heated outside mirrors.
When the Murano vehicle is started with the remote engine with intelligent climate control will lead to the starting of the climate control temperature, fan speed, air circulation mode, etc.
When the 2022 murano’s available intelligent climate control starts, the other features that start as well include the head steering wheel and the heated outside mirrors.
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Question: Give an example of a patent in business.
Answers
Answer:
Examples of inventions protected by utility patents are a microwave oven, genetically engineered bacteria for cleaning up oil spills, a computerized method of running cash management accounts, and a method for curing rubber.
Explanation:
Please Mark me brainliest
If Xavier works 30 hours last week and is paid $10 per hour the amount of money he makes before taxes and other expenses are taken out is called:
A . gross profit
B . gross pay
C . net profit
D . net pay
Answers
Answer:
D is the correct answer to the question
Explanation:
Dowell company produces a single product. its income statements under absorption costing for its first two years of operation follow.
income statements (absorption costing) year 1 year 2
sales ($53 per unit) $ 1,113,000 $ 3,339,000
cost of goods sold ($38 per unit) 798 2,394,000
gross profit 315 945
selling and administrative expenses 282 366
income $ 33,000 $ 579,000
additional information
1. sales and production data for these first two years follow. units year 1 year 2
units produced 42 42
units sold 21 63
2. variable costs per unit and fixed costs per year are unchanged during these years. the company's $38 per unit product cost using absorption costing consists of the following. direct materials $ 12
direct labor 12
variable overhead 6
fixed overhead ($336,000/42,000 units) 8
total product cost per unit $ 38
3. selling and administrative expenses consist of the following. selling and administrative expenses year 1 year 2
variable selling and administrative ($2 per unit sold) $ 42,000 $ 126,000
fixed selling and administrative 240 240
total $ 282,000 $ 366,000
required:
prepare income statements for each of these two years under variable costing. (loss amounts should be entered with a minus sign.)
Answers
Dowell company produces a single product. Net income for 2016 will be $10,000 and for 2017, it will be $260,000.
An income statement is a summary of a company's expenses and revenues for a given time period. Manufacturing and administrative costs are common expenses.
Dowell Company
Variable Costing Income Statement
For the year ended 2016 and 2017
Particular Amounts ($) 2016 Amount 2017($)
Sales 9200(20000 x 4) 1,840,000 (40000*46)
Less: Variable costs
Direct material (20000 x 5) 100,000 (40000 x 5) 200,000
Direct labor (20000 x 9) 180,000 (40000 x 9) 360,000
Variable overhead (20000 x 7) 140,000 (40000 x 7) 280,000
Variable selling and
administrative expense (20000 x 2.50) 50,000 (40000 x 2.50) 100,000
Contribution margin $450,000 $900,000
Less: Fixed costs
Fixed selling and
administration expenses 240,000 240,000
Fixed overhead 300,000 300,000
Net Income $(90,000) $360,000
Reconciliation of variable costing income/(loss)
Particulars Amounts ($) (2016) Amounts ($) (2017)
Net loss from variable costing (90,000) $360,000
Add: Variable fixed overhead
in ending inventory ( 10000 x 10) 100,000 (10000 x 10)100,000
Net income from
absorption costing $10,000 $260,000
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Select the correct answer.
What financing method makes a company declare an initial public offering (IPO)?
A. equity capital
B. government funding
C. bank loan
D. angel investing
Answers
The financing method that makes a company declare initial public offering is called equity capital. Hence the correct answer is Option A
What is Equity Capital?Equity can be defined as a type of fund that the public invests in a company after which na certain percentage of the company is allocated to them.
The most common type of equity capital is shareholders equity capital.
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which of the following key performance indicators can be used to measure whether each store is meeting its sales goal
Answers
One of the key performance indicators which can be used to measure whether each store is meeting its sales goal is known as:
Revenue growthWhat is Revenue Growth?This refers to the amount of money which a given company makes over a period of time as it increases from a previous time period.
With this in mind, we can see that revenue growth is one of the many key performance indicators that shows whether each store is meeting its sales goal.
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inclusion of mushroom in the food of Nepalese people can fulfill the nutrients requirement .justify the statement
Answers
Yes, the inclusion of mushrooms in the food of Nepalese people can fulfill the nutrient requirement.
The maximum amount of nutrients in 100 g of dry matter of the studied mushroom species is 90% moisture, 15% fiber and ash, 8% carbohydrates, 12% amino acids, 32% protein, and 2.5% fat.
These mushrooms contain large amounts of minerals such as sodium, potassium, calcium, iron, and phosphorus. It can also reduce your risk of developing serious health conditions such as Alzheimer's, heart disease, cancer, and diabetes. It's also a great source of information about Selenium.
Mushrooms have antibacterial properties, strengthen the immune system and lower cholesterol levels. They are also an important source of bioactive compounds. Because of these properties, some mushroom extracts have been used to promote human health and have been found as dietary supplements.
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What percentage of consumers will NOT eat in a restaurant with negative online reviews about its cleanliness?
O A. 33 percent
OB.
O C.
O D.
less than 10 percent
75 percent
approximately 50 percent what’s the answer?
Answers
About 75% of consumers will not eat at a restaurant with negative online reviews about its cleanliness.
According to Business Wire research, 75% of people will not visit a restaurant that has received unfavorable ratings concerning its hygiene. Negative ratings concerning cleanliness have the greatest impact on restaurants, surpassing hotels and doctor's offices.
A restaurant's cleanliness is obviously critical. When the restaurant sector slows, though, hygiene generally takes a back seat. And the current consumer trend of reading reviews online before visiting a restaurant affects the business as everything from the ambiance, the food, the service, and the cleanliness is taken into consideration.
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The longet ide of a right triangle i 20 inche long. The area of the triangle i 96 quare inche. What are the length of the other two ide?
Answers
Answer: The other two sides are both 80 in.
Explanation: The sides of a triangle always add up to make 180, a straight angle. Since you said the longest side, we assume this is an isosceles triangle; therefore, the other two sides are the same length. So,
180-20=160
160 is the remaining length we have after taking away the 20 inches.
160/2=80
Since the other two sides are the same length, we divide 160 by 2 to get an equal amount of length.
Hannah is a real estate assistant. her broker has asked her to be available for tasks in the field rather than in the office. what would we call hannah?
Answers
Hannah is a real estate assistant can also be called an independent contractor.
What does an independent contractor do?An independent contractor is known to be anyone that is said to be self-employed.
They can be a consultant, lawyer, accountant, agent, engineer or any other kind of work which a person is known to provides services to other firms or people for a fee.
Therefore, based on the scenario given, Hannah is a real estate assistant can also be called an independent contractor.
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state the importance of product promotion
Answers
Answer:
It increases the speed of product and service acceptance. Aids in the sales of goods and services in imperfect market conditions. It provides effective sales support. Fills the gap between the manufacturers and the end consumers.
Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.
Answers
Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.
What is a payment from a grant?A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.
Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.
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The (blank)
is responsible for scheduling work throughout the factory.
factory manager
production planner
first-line supervisor
industrial engineer
Answers
Schedules, people calling out sick, vacation schedules, HR, help with hiring people, and a lot more.
Production planner’s job is to plan production specifically, not deal with a people’s work schedule.
First-line supervisor is on the floor, “front line”, dealing with daily issues involving the work itself (done by the workers... supervisor supervises).
The industrial engineer is the person who designs the project that the factory is working on (nothing to do with scheduling).
Answer:
Factory manager
Explanation:
i took the test
Question 14 of 20
Why might health care costs be less of a concern for a British company than
an American company?
A. America has stronger laws that regulate health care.
B. American companies do not provide health care to employees.
C. Britain allows its citizens to seek foreign treatment.
D. Britain has a system providing free universal health care.
Answers
Answer:
A
Explanation:
America has strong laws regulate health care
Answer:
its D - Britain has a system providing free universal health care.
Explanation:
The school zone has posted speed limits of 25mph during school hours. Define Incentives, and provide an example of one negative incentive
and an example of one positive incentive that could be used to encourage motorists to obey the speed limit.
Answers
Answer:
To encourage someone to do something.
Explanation:
Incentives is defined as a thing that encourages someone to do something. One negative incentive is to charge a big fine on the motorists for the high speed in the school hours so that they obey the laws strictly while on the other hand, example of positive incentive is to give rewards or gifts or medals to those who obeys the law of speed limits in the school hours.
A travel agent arranges a vacation at Disney World for the Smith family that includes airfare, lodging, and dinner reservations. These industries are collectively known as the
Tourism and Restaurant career cluster.
Tourism and Lodging career cluster.
Hospitality and Tourism career cluster.
Hospitality and Recreation career cluster.
Answers
Answer:
Its B
Explanation:
Answer:
C.
Explanation:
Edge
Out of a list of the values 12, 7, 3, 5, 8, and 2, which result would the MIN function return?
Answers
Answer:
2
Explanation:
It’s just right, trust
What types of loans are available to consumers?
Answers
Explanation:
Credit Cards: That used fund daily transactions by customers.
Car Loans: That used fund the purchasing of a car by customers.
Private loans: Used mostly by borrowers for school funding.
Personal Loans: Being used personal usage by customers.
please answer questions B and C
question B- the total quantity of airframe fasteners
purchased.
question C- the total cost of all orders places with manley
valve.
Convert the accompanying database to an Excel table to find: a. The total cost of all orders. b. The total quantity of airframe fasteners purchased. c. The total cost of all orders placed with Manley
Answers
For the total cost of all orders in Excel, use the SUM function on the column containing the costs. For the total quantity of airframe fasteners purchased, use the SUM function on the column with quantities. To calculate the total cost of orders placed with Manley, filter the database for Manley and then use the SUM function. Ensure proper data organization for accurate results.
To find the total cost of all orders and the total quantity of airframe fasteners purchased, follow these steps:
a. Total cost of all orders:
1. Open the database in Excel and ensure that each column represents a different attribute such as order number, item description, quantity, unit cost, supplier, etc.
2. Select the column containing the cost of each order.
3. Use the SUM function in Excel to calculate the total cost by inputting the formula "=SUM(column range)" where "column range" refers to the range of cells containing the costs.
4. The result will be the total cost of all orders placed.
b. Total quantity of airframe fasteners purchased:
1. Identify the column that contains the quantity of each item.
2. Use the SUM function in Excel to calculate the total quantity by inputting the formula "=SUM(column range)" where "column range" refers to the range of cells containing the quantities.
3. The result will be the total quantity of airframe fasteners purchased.
c. Total cost of all orders placed with Manley:
1. Identify the column that contains the supplier's name or identifier.
2. Filter the database to display only the orders placed with Manley.
3. Follow the steps mentioned in part "a" to calculate the total cost for the filtered orders.
4. The result will be the total cost of all orders placed with Manley.
Please ensure that the database is properly structured in Excel before performing these calculations.
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Riku Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price $ 68 $ 94 Variable cost per unit (38 ) (44 ) Contribution margin per unit $ 30 $ 50 Riku expects to incur annual fixed costs of $540,000. The relative sales mix of the products is 70 percent for Super and 30 percent for Supreme. Required Determine the total number of products (units of Super and Supreme combined) Riku must sell to break even. How many units each of Super and Supreme must Riku sell to break even?
Answers
Answer:
Super= 10,500
Supreme= 4,500
Explanation:
Giving the following information:
Spuer:
Contribution margin= $30
Sales proportion= 0.70
Supreme:
Contribution margin= $50
Sales proportion= 0.30
Fixed costs= $540,000
First, we need to calculate the break-even point in units for the whole company:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 540,000 / (0.7*30 + 0.3*50)
Break-even point (units)= 15,000 units
Now, for each product:
Super= 15,000*0.7= 10,500
Supreme= 15,000*0.3= 4,500