An income statement, also known as a profit and loss statement, shows a company's revenues, expenses, and net income (or loss) over a period of time.
The statement starts with the company's revenue and subtracts all the expenses incurred during the same period to arrive at the net income (or loss) figure. The income statement provides important information about a company's profitability, financial performance, and efficiency over a given period.
By comparing income statements from different periods, investors, analysts, and management can identify trends and patterns that can help to understand the company's financial performance and make informed decisions.
Some of the key information that can be obtained from an income statement includes revenue growth, gross profit margin, operating expenses, net income, and earnings per share.
The income statement also provides important information that is used in calculating financial ratios, such as the gross profit margin, net profit margin, and return on equity.
In summary, an income statement shows a company's financial performance over a period of time by detailing its revenues, expenses, and net income (or loss), and provides valuable information that can be used to analyze trends and make informed decisions.
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How does asset utilization ratios impact financial decision making?
Answer:
Answer to the following question is as follows;
Explanation:
The asset utilisation ratio determines how much income a firm earns for every dollar of assets it possesses. An increase in asset utilisation indicates that the firm is getting more value out of each dollar of its assets. This metric is commonly used to compare the effectiveness of a company over tenure.
Which of the following are examples of limited resources?
A.product and space
B.money and product
C.time and money
D.space and time
Examples of limited resources are C. time and money.
Resources are inputs that are used to produce goods and services. Limited resources are those that have a finite quantity and are not infinitely available. In the context of production, limited resources are also known as factors of production. Some examples of limited resources are:
A. Product and space: Product refers to the goods or services that are being produced, while space refers to the physical location where production takes place. Both of these resources can be limited, either by their availability or by the capacity of the production facility.
B. Money and product: Money is a resource that is used to purchase other resources, while product is a resource that is being produced. Both of these resources can be limited, either by the availability of funds or by the capacity of the production facility.
C. Time and money: Time refers to the amount of time that is available to complete a task or project, while money refers to the funds that are available to purchase resources. Both of these resources can be limited, either by the amount of time available or by the amount of funds available.
D. Space and time: Space refers to the physical location where production takes place, while time refers to the amount of time that is available to complete a task or project. Both of these resources can be limited, either by the availability of space or by the amount of time available.
Out of the options above, C. time and money are examples of limited resources as both of them have a finite quantity, and they are not infinitely available.
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What is the purpose of international trade and how does it help the countries involved in it?
Answer:
the trade without border is
international trade.it purposes to share goods ,ideas,resources, etc.
it helps country in the time of need.
Answer:
Global trade makes it possible for people living in one country to use products from another country, allowing them to benefit from products that are not domestically produced. If a country is endowed with abundant labor or favorable climatic conditions, it has an advantage over the nations that do not have them. It makes economic sense to produce and export goods that other countries cannot produce as cheaply. This way, the exporters can increase sales with foreign commerce and strengthen their country’s economy, while earning profits at the individual level. It also helps strengthen the foreign currency reserves of the country.
International trade is a key driver in regulating foreign currency rates. Global trade helps balance a country’s cyclical pattern of trade deficit and surplus. When a country’s currency is strong, its imports tend to exceed its exports, thus creating a trade deficit for the importer. This situation leads to the exporter country’s currency strengthening and the importer’s currency eventually weakening. Over time, a role reversal happens with exports overtaking imports, thus strengthening the exporter’s currency and creating a trade surplus for the importer. Many other factors influence this cycle too, for example, product cost inflation and interest rates. Global trade removes boundaries and makes the whole world into a single marketplace, and that can work to the benefit of all the participating partners.
Explanation:
PLATO answer!
If there is unemployment in an economy, then the Group of answer choices economy is operating at an unattainable point. production possibilities frontier will shift inwards. economy is producing at a point inside the production possibilities frontier. production possibilities frontier will shift outwards. production possibilities frontier must be bowed inward.
Answer:
yes Because production possibilities frontier helps in thing like this
How is a 401k different from an individual retirement account IRA )? Oa 401k is a good long term investment strategy?
Option A is correct. The way in which a 401(k) differ from an individual retirement account (IRA) is: 401(k) is created through an individual’s employer
A 401(k) is a retirement savings plan sponsored by an employer, while an IRA (Individual Retirement Account) is a personal savings plan. The main differences between the two are the contribution limits, the types of investments allowed, and the rules for withdrawing money.
401(k) plans have higher contribution limits than IRAs - in 2021, the contribution limit for 401(k) plans is $19,500, while the limit for IRAs is $6,000.401(k) plans also offer employer matching contributions, which can be a significant source of additional savings.IRAs offer more flexibility in terms of investment options, while 401(k) plans are usually more restricted.401(k) plans have stricter rules for withdrawing money before retirement age, while IRAs have more lenient rules, but they also have a Required Minimum Distribution age.Know more about differences b/w 401(k) and IRA - https://brainly.com/question/3671553
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Complete Question is -
In what way does a 401 K differ from an individual retirement account IRA?
1. A 401(k) is created through an individual’s employer.
2. A 401(k) can be created by individuals who deposit money.
3. A 401(k) allows consumers to contribute before taxes.
4. A 401(k) is a good long-term investment strategy
which of the following factors contribute to economic growth? an increase in population. an increase in population. an increase in the standard of living. an increase in the standard of living. a decrease in the productivity of labor. a decrease in the productivity of labor. an increase in capital depreciation
A factor that would contribute to economic growth is an increase in the standard of living (second option).
What is economic growth?Economic growth is when there is an increase in the real gross domestic product of a country. When there is an economic growth, there is an increase in the real income and standard of living.
An increase in labor productivity would increase the level of production in the economy. This would increase economic growth. When there is an increase in capital appreciation, there would be an increase in production. This would increase economic growth. Growth in human capital also increase economic growth.
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enter mia profit/loss for the 2 month
What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive
Answer:
actual harm
breach of duty
duty to act
4. You are about to graduate from the MBA program of a leading university. You specialized in management information systems (MIS) and will start a job with a company that commercially develops Web pages. You own a personal computer that is a couple of years old. You have decided to sell it and buy new equipment later after you see what kind of projects your employer has you working on. So you post a flyer on campus bulletin boards about the computer for sale. You have decided not to tell prospective buyers that you hand drive acts as its about to fail and that the computer occasionally crashes without warning. Is this ethical? Would you be likely to do this if you were this particular student?
Answer:
No, this is not ethical.
Explanation:
Ethics is moral principle which governs a person. A person is ethical if he considers benefit for others and his acts or thoughts does not harm anyone. In the given scenario the person is trying to sell his old computer which has many issues. These are not listed in the flyer. If the person does not want to list the issues then he must tell to specific buyer when he comes to buy the computer. He must tell all the faults and problems to the potential buyer.
Answer it please the question is in the pic T_T
Answer:
Economics:
Explanation:
Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.
i hope this helped you
Hey guys, what is the best vacation you ever had? Tell me all about it, mine was when i went to myrtle beach south carolina with just my grandpa, whats yours?
Answer:
Hey my best vacation was to India when I had visited a lot of places and temples.....I had also a great time with my family....I had eaten fresh mangoes that grew in my farm....I miss those days
explain the importance of an office for the successful functioning of organisation ? (Long question answer)
Answer:
An office is a location the management of a business can use for the planning, organization, control, direct, and recruit staffs for a business. An office is the place information records are kept and it is used as the channel through which the business makes communication with other businesses, individuals and the public.
The smooth operations of an organization requires the availability of an office as it is the place the business activities are performed
An office is as important to an organization as the brain is to the body of a living organism
Explanation:
demand is ___ when the price change results in a relatively larger change in the quantity demanded
Answer:
Demand is elastic when the price change results in a relatively larger change in the quantity demanded :3
Explanation:
:3
Respond to the following prompts in a post with a minimum of 200
words.
In recent decades, economic inequality (both income inequality
and wealth inequality) has become a prominent topic in American
p
In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic in American.
An overview-The income inequality in America has been worsening over the last 40 years. The rich people have been getting richer, and the poor people have been getting poorer.
The wealthiest Americans hold a disproportionate share of the country's wealth, and the country has the highest poverty rate in the developed world.
This issue is serious and affects the country's economy, social fabric, and political system. It has become increasingly clear that addressing this issue is essential to creating a more equitable and just society.
What are the causes ?The causes of economic inequality are multifaceted. They include factors such as globalization, technological change, and the decline of unions. Globalization has made it easier for corporations to outsource labor to countries with lower wages and weaker labor laws.
As a result, many American jobs have been lost, and wages have stagnated. Technological change has also contributed to the decline of jobs that require less education and more manual labor. The decline of unions has weakened the bargaining power of workers, leading to lower wages and fewer benefits.
Addressing economic inequality requires a multi-faceted approach. It involves creating policies that promote economic growth and job creation, such as infrastructure investment, education reform, and research and development.
Finally, addressing income inequality also requires reforming the tax code to ensure that the wealthy pay their fair share and investing in programs that help lift low-income families out of poverty.
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What is business office what are they established
Answer:
A business office is one which is established by the individuals or government for the production and distributions of goods and services with a view of earning money by satisfying the consumers.
Explanation:
They are established by the industrial,trading and service businesses.
What is the annual profit when the income is $200,000.00 and the expenses are $150,000.00
Answer:
╭┄┈┄────────❥Let us take the example of a company with total revenue of $200,000 and explicit costs of $150,000. Calculate the economic profit of the company if the implicit costs are $30,000. Therefore, the company earned economic profit of $20,000.
Managing energy in a living system is often done by using a reaction that releases free energy to power a reaction that uses free energy. What is this biologiacal strategy called
Managing energy in a living system is often done by using a reaction that releases free energy to power a reaction that uses free energy. This biological strategy is called energy coupling.
Energy coupling refers to the process where the energy released from an exergonic reaction is used to initiate an endergonic reaction. In living systems, energy is often stored and transferred in the form of ATP, a high-energy molecule. ATP can be hydrolyzed to release energy, and that energy can be coupled to other reactions that require energy. By combining energy-releasing reactions with energy-consuming reactions, living organisms can manage and use energy efficiently.
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10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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Suppose that in Mexico, it takes four labor hours to produce one shirt and 12 labor hours to produce one computer. Suppose that in the United States, it takes four labor hours to produce one shirt and three labor hours to produce one computer. If both countries have 60 labor hours available, completely specialize according to comparative advantage, and trade 7.5 shirts for 7.5 computers, which of the following gives total consumption in the United States after trade?
a. 15 shirts and 20 computers
b. 7.5 shirts and 10 computers
c. 7.5 shirts and 12.5 computers
d. 7.5 shirts and 7.5 computers
Answer:
c. 7.5 shirts and 12.5 computers
Explanation:
United States have comparative advantage in producing computers while Mexico has comparative advantage in producing shirts. United States have 60 labor hours available which it will use to make computers. It can make total 20 [60 hours / 3 hour per computer] computers. It will trade 7.5 computer for 7.5 shirts then the country will be left with 12.5 computers and 7.5 shirts.
The total consumption in the United States after the trade is 7.5 shirts and 12.5 computers.
The following things should be considered:
The opportunity cost of Producing shirts in Mexico is = 4 ÷ 12 = 0.33. The opportunity cost of Producing shirts in the US = 4 ÷ 3 = 1.33Therefore Mexico should have the comparative advantage in shirts as it contains the lower opportunity cost of producing shirts and the US has the comparative advantage in computers.
Therefore,
US Production of computers = 60 ÷ 3=20 .So, The terms of trade or exchange rate should be 7.5 shirts to 7.5 computers. Thus, the US would trade 7.5 computers and received 7.5 shirts. After the trade, the US will have shirts = 7.5 .So, the Computers = 20 - 7.5 = 12.5Therefore we can conclude that the total consumption in the United States after the trade is 7.5 shirts and 12.5 computers.
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3. Nat wants the benefits of investing but is very afraid of losing money. She is also
uncomfortable about not being able to access her money for longer periods of time. Which
bonds may be right for her?
Nat wants the benefits of investing but is very afraid of losing money. The bonds that may be right for her are
Short-term bondsTreasury bondsMunicipal bondsWhat are Treasury bonds?Generally, It sounds like Nat may be interested in investing in bonds that have a lower level of risk and that provide more frequent opportunities for her to access her money. There are a few types of bonds that may fit these criteria:
Short-term bonds: These bonds have maturities of one year or less, which means they will mature and pay back the principal relatively quickly. This can provide Nat with more frequent access to her money. However, short-term bonds tend to have lower yields compared to longer-term bonds, so they may not provide as much income.
Treasury bonds: Treasury bonds are issued by the U.S. government and are considered to be some of the safest bonds available. They have a reputation for being very stable, so Nat may feel more comfortable investing in them. Treasury bonds can have maturities of up to 30 years, but they can also be purchased in shorter terms.
Municipal bonds: Municipal bonds are issued by local governments and other public entities and are used to fund public projects such as schools, hospitals, and infrastructure. They tend to have lower default rates than corporate bonds and can be a good option for investors who are looking for a relatively safe investment. Municipal bonds are also tax-exempt, which can make them an attractive option for investors in higher tax brackets.
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Using examples, explain why some human wants are needs for some people.
Answer:
Necessities refer to the want of products or services essential for survival.
Explanation:
Examples of such wants are food, clothing, and housing. Out of these are the wants that improve the efficiency of humans and improve the quality of life such as food, better house, etc.
Robert placed the following assets into service for his packing and shipping company this year
Option B. The way that Robert would eliminate the requirement to use the mid-quarter convention B.Claim the Section 179 deduction for the delivery truck.
What is meant by mid-quarter convention?According to the mid-quarter convention, a company that purchases fixed assets during a reporting quarter should treat them as though they were purchased at the halfway point of the quarter.
When the total depreciable basis of MACRS property placed in service during the final three months of the client's tax year exceeds 40% of the total depreciable basis of all MACRS property placed in service throughout the entire year, you must utilize the mid-quarter convention.
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Robert placed the following assets into service for his packing and shipping company this year: April 3: Desk with a basis of $1,100. July 30: Computer software with a basis of $4,200. October 30: Delivery truck with a basis of $33,000. All assets were used exclusively for business purposes. How may Robert eliminate the requirement to use the mid-quarter convention?
A.Claim the special depreciation allowance for the computer software.
B.Claim the Section 179 deduction for the delivery truck.
C.Elect to expense the desk on the tax return in accordance with the de minimis safe harbor of the tangible property regulations.
D.Use the ADS system to depreciate the truck and the desk.
top quality investments will pay you $2,000 a year for 25 years in exchange for $19,000 today. what interest rate are you earning on this annuity?
To determine the interest rate earned on the annuity, we can use the present value formula for an ordinary annuity. The formula is: PV = PMT * (1 - (1 + r)^(-n)) / r
Where: PV = Present value (amount paid today) PMT = Payment amount per period ($2,000 per year) r = Interest rate per period (unknown) n = Number of periods (25 years) Given that the present value (PV) is $19,000 and the payment amount per period (PMT) is $2,000, we can plug these values into the formula and solve for the interest rate (r). $19,000 = $2,000 * (1 - (1 + r)^(-25)) / r To find the interest rate, we can solve this equation using trial and error or by using financial calculators or software. The calculated interest rate will be approximately 4.77%. Therefore, the interest rate earned on this annuity is approximately 4.77%.
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Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment
Answer:
Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.
Explanation:
Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.
Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :
build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.Four Ways through which Schools can promote Entrepreneurship include the following
Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.What is Entrepreneurship ?Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.
Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.
Entrepreneurship brings about creativity and as such value is created which leads to more wealth.
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Which product selection to offer customers is one of the most important decision the entrepreneur can make
Being able to make quick judgements that, more often than not, determine the future of your business is one of the most crucial characteristics of an entrepreneur.
Entrepreneurs frequently have to make that crucial decision at the proper time while in charge of their business because it will determine how it will develop in the future.
One of the most essential choices an entrepreneur can make is the path the business strategy will take. Anyone looking to succeed as an entrepreneur should therefore take it seriously. Find or develop a product that addresses a problem. This is a good strategy to make sure that anything you decide to sell will be in demand.
Own (or self-manufactured) items and curated or sourced products are the two categories of physical products you can base a business on. Own items are, as the name implies, things you make on your own. Handcrafted goods are at the lower end of the range and are frequently seen on online shops like Etsy.
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you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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Formulate and answer a True/False question for each of the following topics:
a. Integer Optimization – Binary Constraint Types
b. Integer Optimization – Fixed Charge Model and Excel Solving
c. Project Scheduling – Impact of shortening an activity
d. Project Scheduling – Impact of delaying an activity
a. In Integer Optimization, binary constraint types restrict variables to only take on values of 0 or 1. True.
b. The Fixed Charge Model is a type of Integer Optimization problem and can be solved in Excel using the Solver add-in.
True.
c. False. Shortening an activity in a project schedule may not always result in a reduction of the project duration if the shortened activity is not on the critical path.
d. True. Delaying an activity in a project schedule will always result in an increase in the project duration, as it will push back the start and end dates of subsequent activities.
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Why do you think people start their business? EXPLAIN
Answer:
People start their own businesses for a variety of reasons. Some people may be looking to take control of their professional lives and create a career path that is tailored to their individual goals. Others may have an idea that they believe could be successful and have the entrepreneurial drive to make it happen. Starting a business can also provide an opportunity to make a living while doing something that you are passionate about. Additionally, many people start businesses in order to create a financial legacy and provide for their families. Ultimately, the reasons for starting a business vary from person to person but often involve a combination of professional, financial, and personal goals.
Explanation:
Answer-people should start their own business it has many reasons.
I think it is more flexible because we can work in our own hours and we can spend more times without family and friends and we can do whatever with think we don't need to work under someone else and we can make rules what we want there is no need to work under someone else and there will be no boundation of timings like this I think there's a lot of reason and profit to start our own business instead of working under someone others business so I think it will be a great plan to start our own business it will be more profitable.
Thank you
that's all.
Silva and Renate were given money in the ratio of 5 to 3. Silva's share was $60. How much did Renate receive.
Answer:
$36
Explanation:
share was $60. How much did Renate receive
The sharing ratio was 5 to 3:, Silva would get 5 portions and Renate 3 portions.
in fraction form, Silva would get 5/8 while Renate would get 3/8
If Silva got $60, Renate would get?
5/8 = 60: then 3 /8= 60/5 x 3
=12 x 3
=$36
Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
Answer:
Budgeted COGS = $134 x 3,550 units = $479,250
Actual COGS = $482,151.42, so the total variance was $2,901.42 U
Swain Company
Income statement
Total revenue $603,500
COGS: ($482,151.42)
Direct materials $217,925.67Direct labor $14,300.75Fixed overhead $249,925Gross profit $121,348.58
S&A expenses ($54,500)
Net profit $66,848.58
Retained earnings = $65,000 + $66,848.58 = $131,848.58
Explanation:
retained earnings $65,000
total sales $603,500
number of units sold = $603,500 / $170 per unit = 3,550 units
selling and administrative expenses $54,500
materials quantity variance = (actual quantity - standard quantity) x standard price = $9,250 favorable. This means that the company used fewer materials than budgeted: -$9,250 = (actual quantity - 24,850) x $9
actual quantity used = (-$9,250 / $9) + 24,850 pounds = 23,822.22 pounds less
materials price variance = (actual cost - standard cost) x units purchased = $3,525 U. This means that the company paid $3,525 more for materials than it had estimated: $3,525 = (actual cost - $9) x 23,822.22 pounds
actual cost = ($3,525 / 23,822.22 pounds) + $9 = $9.148 per pound
*the only way 2 labor hurs x standard cost = $1, is that standard cost = $0.50
labor efficiency variance = (actual hours - standard hours) x standard rate = $6,725 = (actual hours - 7,100) x $0.50:
actual hours = ($6,725 / $0.50) + 7,100 = 20,550 hours
labor rate variance = actual hours x (actual rate - standard rate) = $4,025 = 7,660.42 hours x (actual rate - $12):
actual rate = ($4,025 / 20,550 hours) + $0.50 = $0.6959
fixed overhead budget variance = actual fixed overhead - budgeted overhead = $1,425 U = actual fixed overhead - $248,500:
actual fixed overhead = $248,500 + $1,425 = $249,925
actual fixed overhead per unit = $249,925 / 3,550 = $70.4014
fixed overhead volume variance = (actual hours - standard hours) x actual fixed overhead per unit = -$6,000 F = (actual hours - 3.5 hours) x $70.4014:
actual overhead hours = (-$6,000 / $70.4014) + 12,425 hours = -85.23 + 12,425 = 12,339.77 hours