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Answers

Answer 1

Answer:

Explanation:na

Answer 2
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Related Questions

Fred is a car owner with automobile insurance with coverage only for accident liability. Choose the statements that accurately
describes the out-of-pocket costs to Fred for an accident that was determined to be Fred's fault.
A)
Fred must pay for the damages to the car with which he was in an accident
B)
Fred must pay for the damages done to his own car resulting from the
accident
Fred must pay for the bodily injuries to the other driver involved in the
accident
Fred must pay for any increases to his insurance premium occurring due to
the accident
D)
E)
Fred must pay for any of his own medical bills not covered by his own
health insurance resulting from the accident.

Answers

Answer:

B)  Fred must pay for the damages done to his own car resulting from the  accident.E)  Fred must pay for any of his own medical bills not covered by his own  health insurance resulting from the accident.

Explanation:

Fred has insurance coverage for only accident liability. This means that his insurance will only pay for damage to the other party in the accident if it was Fred's fault and they will not cover Fred's own expenses.

Fred must therefore pay for damages done to his own car because his insurance will not cover that. Any medical bills that he incurs as a result of the accident that his medical insurance does not pay for will also have to be paid by him.

Gundy Company expects to produce 1,304,400 units of Product XX in 2020. Monthly production is expected to range from 87,000 to 127,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision are $1.
In March 2020, the company incurs the following costs in producing 107,000 units: direct materials $455,000, direct labor $746,000, and variable overhead $971,000. Actual fixed costs were equal to budgeted fixed costs.
Prepare a flexible budget report for March. (List variable costs before fixed costs.)

Answers

Answer:

                             Gundy Company

             Manufacturing Flexible Budget Report

             For the Month Ended March 31, 2020

                                   Budget                Actual

Units produced         107,000               107,000  

Variable Costs:

Direct Materials        $428,000            $455,000      $27,000 U

                                 ($4 * 107,000)

Direct labor               $749,000             $746,000      $3,000 F

                                  ($7 * 107,000)

Overhead                   $963,000            $971,000      $8,000 U

                                  ($9 ×* 107,000)

Total variable costs  $2,140,000          $2,172,000  $32,000 U

Fixed Costs:

Depreciation                $434,800           $434,800     $0

Supervision                  $108,700            $108,700      $0

Total fixed costs          $543,500          $543,500     $0

Total costs                   $2,683,500         $2,715,500    $32,000 U

Workings:

Depreciation = (1,304,400 * $4) / 12 = $5,217,600 / 12 = $434,800

Supervision = (1,304,400 * $1) / 12 = $1,304,400 / 12  = $108,700

Kumar Inc. uses a perpetual inventory system. At January 1, 2020, inventory was $214,000,000 at both cost and realizable value. At December 31, 2020, the inventory was $286,000,000 at cost and $265,000,000 at realizable value. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method. g

Answers

Answer:

A. Dr Cost of Goods Sold $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

B. Dr Loss Due to Market Decline of Inventory $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

Explanation:

A.Preparation of the necessary December 31 entry under the cost-of-goods-sold method

COST-OF-GOODS-SOLD METHOD

Dr Cost of Goods Sold $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

($286,000,000 - $265,000,000)

B.Preparation of the necessary December 31 entry under the Loss method

LOSS METHOD

Dr Loss Due to Market Decline of Inventory $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

($286,000,000 - $265,000,000)

SOMEONE PLEASE HELP I WILL GIVE BRAINLIEST​

Answers

Answer:

Can you paste it?

Explanation:

who is she what’s her product and company??

Answers

Answer:Harpo Productions (or Harpo Studios) is an American multimedia production company founded by Oprah Winfrey and based in West Hollywood, California. It is the sole subsidiary of her media and entertainment company Harpo, Inc.

Explanation:

An economy that produces goods and services based on long standing
customs is a
A command economy
D. market economy
c. mixed economy
ОО
D. traditional economy

Answers

Answer:c

Explanation:

You own a portfolio equally invested in a risk-free asset and two stocks. If one of the stocks has a beta of 1.12 and the total portfolio is equally as risky as the market, what must the beta be for the other stock in your portfolio

Answers

Answer:

Beta for the other stock = 1.88

Explanation:

A  portfolio is said to be as risky as the market where its beta is exactly equal to 1. A beta of greater than 1 implies the portfolio is riskier than the average market, and less risky where the beta is less than 1.

A portfolio that has an equal proportion of three asset would mean a weight of 1/3 for each asset

So we can represent the portfolio beta as follows:

1 = 1/3×(0) + 1/3× (1.12) + 1/3×y

1= 0.37 + 0.33y

0.33y = 0.626

y= 0.626/0.33

y= 1.88

Beta for the other stock = 1.88

DeShawn wants to fill out a financial application For post secondary education. What personal Information does DeShawn Most likely need to fill Out the application?
His income
His childhood address
His extracurricular activities
His grade point average in high school.

Answers

Answer:his income

Explanation:

His income should be need to fill out the application.

The following information should be considered:

Since the person wants to fill out the financial application. So here only his income needs to fill so that his earning capacity should be known. The address, extracurricular activities, and the grade point should not be relevant in the given situation.

Therefore we can conclude that His income should be need to fill out the application.

Learn more: brainly.com/question/16115373

For an open economy under a floating exchange rate regime, _________________________.

a.) Monetary policy is highly effective.

b.) Fiscal policy is highly effective.

c.) Monetary policy is ineffective.

d.) B and C.

Answers

The answer is either B or D

Honey Bell Corporation has the following information about its Eclipse Product: Honey Bell Corporation Eclipse Product Expected Sales 10,000 units Direct material and labor costs $ 150 per unit Variable manufacturing overhead $ 20 per unit Fixed manufacturing overhead $ 300,000 Fixed selling and administrative expenses $ 150,000 Average operating assets $ 2,000,000 Required return on investment 20 % What is the amount of the markup percentage on the absorption cost that should be used to derive the selling price of this product

Answers

Answer:

Mark- up  = 23.3%

Explanation:

Absorption costing is method of costing where overheads are charged to units produced using volume-based bases. e.g machine hours, labour hours e.t.c. Units are valued using full cost per unit  

Full cost per unit= Direct material cost + direct labor cost + Variable production overhead + Fixed production overhead

Fixed production overhead = Budgeted overhead/Budgeted production units

 Fixed production overhead = $300,000/150,000 units=2

Total cost = 150 + 20 + 2= $172

Total cost per unit using absorption costing = $172

Desired ROI = 20%. × 2,000,000= $400,000

Profit per unit = 400,000/10,000 units =40

Mark- up = Profit/Cost = 40/172× 100 = 23.3%

Mark- up  = 23.3%

Bandar Industries manufactures sporting equipment. One of the company’s products is a football helmet that requires special plastic. During the quarter ending June 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. The plastic cost the company $171,000. According to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. Required: 1. What is the standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets? 2. What is the standard materials cost allowed (SQ × SP) to make 35,000 helmets? 3. What is the materials spending variance? 4. What is the materials price variance and the materials quantity variance?

Answers

Answer:

1. 21,000 kg of plastic

2. $168,000

3. $3000 Unfavorable

4. Materials Price variance $9000 Favaorable

Materials Quantity variance $12,000 Unvaforable

Explanation:

1. Calculation to determine the standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets

Using this formula

Standard quantity of kilograms of plastic (SQ) = Standard quantity required per helmet x Total no. of helmets

Let plug in the formula

Standard quantity of kilograms of plastic (SQ) = 0.60 kg x 35,000

Standard quantity of kilograms of plastic (SQ) = 21,000 kg of plastic

Therefore The standard quantity of kilograms of plastic (SQ) that is allowed to make 35,000 helmets is 21,000 kg of plastic

2. Calculation to determine the standard materials cost allowed (SQ X SP) to make 35,000 helmets

Using this formula

Standard materials cost allowed (SQ X SP) = Standard quantity required per helmet x Standard cost per kg x Total no. of helmets

Let plug in the formula

Standard materials cost allowed (SQ X SP)= 0.60 x $8 x 35,000

Standard materials cost allowed (SQ X SP)= $168,000

Therefore The standard materials cost allowed (SQ X SP) to make 35,000 helmets is $168,000

3. Calculation to determine the materials spending variance

First step is to calculate the Materials Price variance

Using this formula

Materials Price variance = (AQ × AP) - (AQ × SP)

Let plug in the

Materials Price variance= $171,000 - (22,500 x $8)

Materials Price variance= $171,000 - 180,000

Materials Price variance= -$9,000

= $9000 Favaorable

Second step is to calculate the Materials Quantity variance using this formula

Materials Quantity variance = (AQ × SP) - (SQxSP)

Let plug in the formula

Materials Quantity variance=

Materials Quantity variance= 180,000 - $168,000

Materials Quantity variance=$12,000

Materials Quantity variance= $12,000 Unvaforable

Now let calculate the Materials spending variance using this formula

Materials spending variance = Price variance + Quantity variance

Let plug in the formula

Materials spending variance= -$9,000+ $12,000 Materials spending variance= $3,000

Materials spending variance= $3000 Unfavorable

Therefore Materials spending variance is $3000 Unfavorable

4. Calculation to determine the materials price variance and the materials quantity variance

Calculation for the Materials Price variance Using this formula

Materials Price variance = (AQ × AP) - (AQ × SP)

Let plug in the formula

Materials Price variance= $171,000 - (22,500 x $8)

Materials Price variance= $171,000 - 180,000

Materials Price variance= -$9,000

Materials Price variance= $9000 Favaorable

Therefore Materials Price variance is $9000 Favaorable

Calculation to determine Materials Quantity variance using this formula

Materials Quantity variance = (AQ × SP) - (SQxSP)

Let plug in the formula

Materials Quantity variance= = 180,000 - $168,000

Materials Quantity variance=$12,000

Materials Quantity variance= $12,000 Unvaforable

Therefore Materials Quantity variance is $12,000 Unvaforable

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