Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Which type of variance causes operating income to be greater than the budgeted operating income?

11/11/2020 Client: arwaabdullah Deadline: 7 Days

1)

Management by​ ________ is the practice that directs executive attention to large budget variances.

A.

control

B.

exception

C.

objective

D.

analysis

2)

The maintenance department that focuses on efficiency at Continental Airlines may be classified as​ a(n)

A.

cost center.

B.

investment center.

C.

profit center.

D.

revenue center.

3)

Which type of variance causes operating income to be greater than the budgeted operating​ income?

A.

Reverse variance

B.

Favorable variance

C.

Unfavorable variance

D.

Neutral variance

4)

A manager can increase return on investment​ (ROI) by doing which of the​ following?

A.

Increase operating expenses

B.

Decrease operating expenses

C.

Decrease sales

D.

Increase operating assets

5)

Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year​ (in thousands).​ Management's target rate of return is

15​%

and the weighted average cost of capital is 20​%. Its effective tax rate is 35​%.

Sales

$5,000,000

Operating income

$2,250,000

Total assets

$1,500,000

Current liabilities

$810,000

What is the​ division's Return on Investment​ (ROI)?

A.

150.00​%

B.

33.33​%

C.

54.00​%

D.

45.00​%

6)

The following data relates to Haven Corporation and its Northern Division.

Light Bulb Division sales

$6,500,000

Light Bulb Division operating income

$780,000

Light Bulb Division total assets

$3,250,000

Light Bulb Division current liabilities

$530,000

Corporate target rate of return

19​%

Corporate weighted average cost of capital

10​%

What is the Northern​ Division's Residual Income​ (RI)?

A.

$780,000

B.

$617,500

C.

$162,500

D.

$325,000

7)

With regard to a static budget instead of a flexible​ budget, which of the following is

true​?

A.

A static budget is adjusted for changes in the level of sales activity.

B.

A static budget is prepared for only one level of sales activity.

C.

A static budget is also known as a fixed budget.

D.

A static budget is a budget that stays the same from one period to the next.

8)

The number of new services offered during the period may be an example of measuring which perspective of the balanced​ scorecard?

A.

Financial

B.

Customer

C.

Internal business

D.

Learning and growth

9)

The type of standard that provides allowances for normal amounts of waste and inefficiency in the production process is referred to as​ a(n)

A.

practical standard.

B.

ideal standard.

C.

realistic standard.

D.

perfection standard.

10)

Piper​ Corporation, which manufactures dog​ toys, is developing direct labor standards. The basic direct labor rate is

$15.70

per hour. Payroll taxes are

8​%

of the basic direct labor​ rate, while fringe benefits such as vacation and health care​ insurance, are

$4.30

per hour. What is the standard rate per direct labor​ hour?

A.

$16.96

B.

$20.00

C.

$21.26

D.

$15.70

11)

Which variance is directly impacted if a worker drops the raw material during production and the raw material must be​ discarded?

A.

Direct labor efficiency variance

B.

Direct materials price variance

C.

Direct materials quantity variance

D.

Direct labor rate variance

12)

A favorable direct materials price variance indicates which of the​ following?

A.

The Actual Quantity​ (AQ) of materials used was less than the standard quantity of materials used for actual production.

B.

The standard cost of materials purchased was greater than the actual cost of materials purchased.

C.

The actual cost of materials purchased was greater than the standard cost of materials purchased.

D.

The standard cost of materials purchased was less than the actual cost of materials purchased.

13)

Which variance is directly impacted if the employees who build the product go on strike and temporary workers who are slower and not as skilled are​ hired?

A.

Direct materials quantity variance

B.

Direct labor efficiency variance

C.

Direct labor rate variance

D.

Direct materials price variance

14)

A favorable direct labor efficiency variance and an unfavorable direct labor rate variance might indicate which of the​ following?

A.

Unskilled workers using more actual hours than​ standard, paid at a higher rate per hour than the standard rate

B.

Unskilled workers using less actual hours than​ standard, paid a lesser rate per hour than the standard rate

C.

Skilled workers using less actual hours than​ standard, paid at a higher rate per hour than the standard rate

D.

Skilled workers using more actual hours than​ standard, paid at a higher rate per hour than the standard rate

15)

The following information describes a​ company's usage of direct labor in a recent​ period:

Actual direct labor hours used

33,000

Actual rate per hour

$24.00

Standard rate per hour

$13.75

Standard hours for units produced

27,500

How much is the direct labor rate​ variance?

A.

$338,250

unfavorable

B.

$338,250

favorable

C.

$281,875

unfavorable

D.

$281,875

favorable

16)

Which of the following is an advantages of using standard costs and​ variances?

A.

The timeliness that occurs when computing standards monthly.  

B.

Maintaining updated standards is inexpensive.

C.

Standard costs are benchmarks that managers use to judge actual costs.

D.

Price and efficiency variances motivate

frontminus−line

employees more than operational performance measures.  

17)

The Stallard Corporation manufactures Product X that consumes a large amount of overhead. For the month of October Stallard produced

15,850

units of Product X and incurred actual overhead costs of

$211,000.

The standard costs developed for Product X by Stallard​ follow:

Standard direct labor hours per unit

33

Standard direct labor rate per hour

$15.00

Standard overhead hours per unit

8

Standard overhead rate per hour

$6.60

What was the total variable overhead variance for Product X in​ October?

A.

$625,880

unfavorable

B.

$625,880

favorable

C.

$106,390

unfavorable

D.

$106,390

favorable

18)

Which of the following examples may lead directly to a favorable fixed overhead volume​ variance?

A.

Producing more units than anticipated

B.

A decrease in wages paid to factory maintenance workers

C.

Receiving a volume discount on indirect materials purchased

D.

A decrease in county property taxes for the factory

19)

Redwood Corporation is considering two alternative investment proposals with the following​ data:

Proposal X

Proposal Y

Investment

$820,000

$481,000

Useful life

7 years

7 years

Estimated annual net

cash inflows for

77

years

$135,000

$89,000

Residual value

$43,000

$-

Depreciation method

Straight-Line

Traight-Line

Required rate of return

18​%

11​%

How long is the payback period for Proposal​ X?

A.

6.07

years

B.

5.4

years

C.

9.21

years

D.

19.07

years

20)

Redwood Corporation is considering two alternative investment proposals with the following​ data:

Proposal X

Proposal Y

Investment

$880,000

$ 496 $496,000

Useful life

10 years

10 years

Estimated annual net

cash inflows for 10 10

years

$ $100,000

$86,000

Residual value

$14,000

$-

Depreciation method

Straight-Line

Straight-Line

Required rate of return

10​%

9​%

What is the accounting rate of return for Proposal​ X? ​(Round any intermediary calculations to the nearest​ dollar, and round your final answer to the nearest hundredth of a​ percent, X.XX%.)

A.

1.36​%

B.

7.34​%

C.

1.52​%

D.

11.36​%

21)

On a whim you purchased a

scratchminus−off

lottery ticket at the gas station. It must have been your lucky day because you won

$2,500,000. Being logical and rational you decide to invest the money at 2​%

for 12 years until you are ready to start a family. At the end of 12

​years, how much will your investment be​ worth?

​(Click

the icon to view the future value of​ $1 table.)

LOADING...

​(Click

the icon to view the future value of annuity of​ $1 table.)

A.

1,970,000

B.

$33,530,000

C.

$3,170,000

D.

$3,235,000

22)

What will happen to the net present value​ (NPV) of a project if the discount rate is increased from​ 8% to​ 10%?

A.

NPV will always decrease.

B.

NPV will always increase.

C.

The discount rate change will not affect NPV.

D.

We cannot determine the direction of the effect on NPV from the information provided.

23)

Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $40,000 to purchase equipment. The equipment will have a residual value at the end of its life of $1,000.

The useful life of the equipment is 5 years. The new project is expected to generate additional net cash inflows of $23,000 per year for each of the five years.​ Coyne's required rate of return is

12​%.

The net present value of this project is closest​ to:

​(Click

the icon to view the present value of​ $1 table.)

LOADING...

​(Click

the icon to view the present value of annuity of​ $1 table.)

A.

$43,482.

B.

$13,002.

C.

$42,915.

D.

$60,802.

24)

Glassworks Inc. is considering the purchase of a special

blowminus−molding machine that would cost $53,854

and would have a useful life of 6 years. The machine would generate

$13,100 of net annual cash inflows per year for each of the

6 years of its life. The internal rate of return on the machine would be closest​ to:

​(Click

the icon to view the present value of​ $1 table.)

LOADING...

​(Click

the icon to view the present value of annuity of​ $1 table.)

A.

10​%.

B.

12​%.

C.

14​%.

D.

8​%.

25)

In what ways are the Net Present Value and Internal Rate of Return methods of capital budgeting​ alike?

A.

They both compute the​ project's unique rate of return.  

B.

They both factor in the time value of money.

C.

They both focus on GAAP.  

D.

They both measure the profitability index.

26)

Results from Super Corporation's most recent year of operations are presented in the following table.

​(Click

the icon to view the​ information.)

Requirements

1.

Calculate the sales​ margin, capital​ turnover, and return on investment​ (ROI).

2.

Calculate the residual income​ (RI).

Requirement 1. Calculate the sales​ margin, capital​ turnover, and return on investment​ (ROI).

First enter the​ formula, then calculate the sales margin.

Next enter the​ formula, then calculate the capital turnover. ​(Round your answer to two decimal​ places.)

Now enter the​ formula, then calculate the ROI.

Requirement 2. Calculate the residual income​ (RI).

Enter the​ formula, then calculate the residual income.

28)

Awning manufactures awnings and uses a standard cost system. The company allocates overhead based on the number of direct labor hours. The following are the​ company's cost and standards​ data:

​(Click

the icon to view the​ standards.)

Actual cost and operating data from the most recent month are as​ follows:

LOADING...

​(Click

the icon to view the actual​ results.)

All manufacturing overhead is allocated on the basis of direct labor hours.

1.

Calculate the standard cost of one awning.

2.

Calculate the following​ variances:

a. The direct material variances.

b. The direct labor variances.

c. The variable manufacturing overhead variances.

d. The fixed manufacturing overhead variances.

3.

Explain what each of the variances you calculated means and give at least one possible explanation for each of those variances. Are any of the variances likely to be​ interrelated?

Requirement 1. Calculate the standard cost of one awning.

Requirement 2a. Calculate the direct material variances. ​(Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable​ (F) or unfavorable​ (U). Abbreviations​ used: DM​ = Direct​ materials.)

First determine the formula for the price​ variance, then compute the price variance for direct materials.

Determine the formula for the quantity​ variance, then compute the quantity variance for direct materials.

Requirement 2b. Calculate the direct labor variances. ​(Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable​ (F) or unfavorable​ (U). Abbreviations​ used: DL​ = Direct​ labor.)

First determine the formula for the rate​ variance, then compute the rate variance for direct labor.

First determine the formula for the efficiency​ variance, then compute the efficiency variance for direct labor.

Requirement 2c. Calculate the variable manufacturing overhead variances. ​(Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to the nearest whole dollar. Label the variance as favorable​ (F) or unfavorable​ (U).)

First determine the formula for the rate​ variance, then compute the rate variance for variable manufacturing overhead. ​(Round interim calculations to the nearest​ cent.)

Now compute the variable manufacturing overhead efficiency variance. First determine the formula for the efficiency​ variance, then compute the efficiency variance for variable manufacturing overhead.

Requirement 2d. Calculate the fixed manufacturing overhead variances. ​(Enter the variance as a positive number. Label the variance as favorable​ (F) or unfavorable​(U).)

Begin by computing the fixed manufacturing overhead budget variance. First determine the formula for the budget​ variance, then compute the budget variance for fixed manufacturing overhead.

Fixed MOH

Actual fixed overhead

-

Budgeted fixed overhead

=

budget variance

57200

-

51200

=

6000

U

Now compute the fixed manufacturing overhead volume variance. First determine the formula for the volume​ variance, then compute the volume variance for fixed manufacturing overhead.

Requirement 3.  Explain what each of the variances you calculated means and give at least one possible explanation for each of those variances.

.

28)

Scenario 1.

AdamAdam

just hit the jackpot in Las Vegas and won $50,000​! If he invests it now at a 10%

interest​ rate, how much will it be worth in 20 years? ​(Round your answer to the nearest whole​ dollar.)

Future value

= $

336350

Scenario 2.

Roderick would like to have $3,000,000 saved by the time he retires in

30 years. How much does he need to invest now at a 10%

interest rate to fund his retirement​ goal? ​(Round your answer to the nearest whole​ dollar.)

Present value

= $

171000

Scenario 3.

Assume that Vivian accumulates savings of $ 2million by the time she retires. If she invests this savings at 8​%, how much money will she be able to withdraw at the end of each year for 20 years? ​(Round your answer to the nearest whole dollar and enter as a positive​ amount.)

Scenario 4.

Jessica plans to invest $4,500 at the end of each year for the next eight

years. Assuming a 14​% interest​ rate, what will her investment be worth

eight years from​ now? ​(Round your answer to the nearest whole​ dollar.)

Scenario 5.

Assuming a 6​% interest​ rate, how much would Amanda have to invest now to be able to withdraw $10,000 at the end of every year for the next ten years? ​(Round your answer to the nearest whole​ dollar.)

Present value

= $

Scenario 6.

Chuckie is considering a capital investment that costs $520,000 and will provide

net cash inflows for three years.

Using a hurdle rate of 10​%, find the NPV of the investment. ​(Round your answer to the nearest whole dollar. Use parentheses or a minus sign to represent a negative​ NPV.)

Net Present Value (NPV)

Scenario 7.

What is the IRR of the capital investment described in Question​ 6?

The IRR is the interest rate at which the investment

NPV = 0.

We tried 10​% in question​ 6, now​ we'll try 12​% and calculate the NPV. ​(Round your answer to the nearest whole dollar. Use parentheses or a minus sign to represent a negative​ NPV.)

The IRR for the project is

between 10% and 12%

between 8% and 10%

between 10% and 12%

between 12% and 14%

between 14% and 16%

.

29)

is considering purchasing a water park in

Newark comma New JerseyNewark, New Jersey​, for $2,050,000.

The new facility will generate annual net cash inflows of

$520,000 for eight years. Engineers estimate that the facility will remain useful for

eight years and have no residual value. The company uses​ straight-line depreciation. Its owners want payback in less than five years and an ARR of 10​%

or more. Management uses a 12​% hurdle rate on investments of this nature.

Requirement 1. Compute the payback​ period, the​ ARR, the​ NPV, and the approximate IRR of this investment.​ (If you use the tables to compute the​ IRR, answer with the closest interest rate shown in the​ tables.) ​(Round the payback period to one decimal​ place.)

The payback period is

​(Round the percentage to the nearest tenth​ percent.)

The ARR (accounting rate of return) is

​(Round your answer to the nearest whole​ dollar.)

Net present value $

The IRR​ (internal rate of​ return) is between

18% and 20%

16% and 18%

20% and 22%

22% and 24%

18% and 20%

.

Requirement 2. Recommend whether the company should invest in this project.

​Recommendation:

Invest in the new facility.

Do not invest in the new facility.

Invest in the new facility.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Custom Coursework Service
Finance Homework Help
Calculation Guru
Instant Assignments
Writer Writer Name Offer Chat
Custom Coursework Service

ONLINE

Custom Coursework Service

Hey, Hope you are doing great :) I have read your project description. I am a high qualified writer. I will surely assist you in writing paper in which i will be explaining and analyzing the formulation and implementation of the strategy of Nestle. I will cover all the points which you have mentioned in your project details. I have a clear idea of what you are looking for. The work will be done according to your expectations. I will provide you Turnitin report as well to check the similarity. I am familiar with APA, MLA, Harvard, Chicago and Turabian referencing styles. I have more than 5 years’ experience in technical and academic writing. Please message me to discuss further details. I will be glad to assist you out.

$70 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

I have a Master’s degree and experience of more than 5 years in this industry, I have worked on several similar projects of Research writing, Academic writing & Business writing and can deliver A+ quality writing even to Short Deadlines. I have successfully completed more than 2100+ projects on different websites for respective clients. I can generally write 10-15 pages daily. I am interested to hear more about the project and about the subject matter of the writing. I will deliver Premium quality work without Plagiarism at less price and time. Get quality work by awarding this project to me, I look forward to getting started for you as soon as possible. Thanks!

$70 Chat With Writer
Calculation Guru

ONLINE

Calculation Guru

I see that your standard of work is to get content for articles. Well, you are in the right place because I am a professional content writer holding a PhD. in English, as well as having immense experience in writing articles for a vast variety of niches and category such as newest trends, health issues, entertainment, technology, etc and I will make sure your article has all the key pointers and relevant information, Pros, Cons and basically all the information that a perfect article needs with good research. Your article is guaranteed to be appealing, attractive, engaging, original and passed through Copyscape for the audience so once they start reading they keep asking for more and stay interested.

$70 Chat With Writer
Instant Assignments

ONLINE

Instant Assignments

Hey, I can write about your given topic according to the provided requirements. I have a few more questions to ask as if there is any specific instructions or deadline issue. I have already completed more than 250 academic papers, articles, and technical articles. I can provide you samples. I believe my capabilities would be perfect for your project. I can finish this job within the necessary interval. I have four years of experience in this field. If you want to give me the project I had be very happy to discuss this further and get started for you as soon as possible.

$70 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Supervalu case study - Discussion Question - Channel 44 uk frequency - Thorndike stimulus response theory - How many a2 in a0 - Starbucks venti social responsibility and brand strategy - 2nd Process Recording - Graphpad prism 5 serial number - In defense of the death penalty pojman - In which sea has connell set ship trap island - The law of journalism and mass communication 6th edition pdf - Theme of hope in shawshank redemption - What is the function of universal interface pasco 850 - During 2017 nilsen company started a construction job - Analysis of poem mushrooms by sylvia plath - Clipsal 48 pole switchboard - Siemens sinamics g110 parameter list - Looking for a PHD Writer in UAE - Organizational development case study analysis - 3.01 market segmentation marty & the martins - Bird with long legs - Public health - 1/20 as a percentage - Calculating margin activity capsim - Bond order in resonance structures - Amp flexible lifetime protection pds - Building and construction law journal - Kent state petition for exception to registration - Markel m 2015 technical communication 11th ed - Cvp analysis focuses on how profits are affected by - Chapter 6 chemical bonding multiple choice test - The toshiba accounting scandal how corporate governance failed - Architecture - Tesco gallaghers bakery under threat - How many inches is 3 yards - Root canal anatomy blogspot - Juiced 1 ps2 cheats - Calculating kinetic energy worksheet - Why does morrie want to be cremated - Toyota fleet management novated lease - Download excel qm for mac - Rogue waves tend to occur - Deep transverse arrest ppt - Human effects on the biosphere - Nib health insurance dental cover - Assess a Potential Foreign Market - Super's 5 stages of career development - Kate spade warranty no receipt - Tasso elba milled slim billfold wallet - Ny times what's going on in this graph - Government SLP 4 - St james the great catholic church peckham - Fragrant white flowers in india - What to include in a rationale - Trevor noah black hitler - Cosi louis nowra quotes - Pandora's box 7 game list - Given the rich and diverse skills and mindset of an ethical hacker (technical, administrative, and physical measures), which characteristics do you believe to be the most important in this role? Please explain your choice. - Resist the idea of working in teams - Gas tightness test procedure - Scientific and Mathematical/Analytical Perspectives of Inquiry Paper - Week 7 Assignment Consumer Behavior - Grignard synthesis of triphenylmethanol theoretical yield - Discussion question,150 words, 2 recent 2019-2020 reference citations - Hissing cockroach care sheet - Eight steps to sound ethical decision making - Owl english purdue edu owl resource 560 10 - Dust echoes the mimis - Box hill tafe student web - Research Human Aspect Of The Information Security - Schroder real return fund - Internal and external environment of walmart - Discussion - Victaulic groove dimension chart - Discussion Board - Demand forecasting models in excel - What happens in a positive test for oxygen gas - Chapter 27 Synopsis - Larson and lafasto eight characteristics of effective teams - CYPRODEV812 - Eye color discrimination activity - An introduction to statistical learning exercise answers - Gri g4 reporting guidelines - The berkshire independent hospital - Healthcare Policy Evaluation. *Use attached template* * 2 pages* - Steam how to clear cache - Epidermal layer containing the oldest cells - Major fish diseases and their control ppt - Milestone assignment - Week 5 Discussion 2 - Leadership Paper over the book "One Minute Manager meets the Monkey by Ken Blanchard. Due November 13th - Zlateh the goat comprehension questions - Whitley county consolidated schools - Scope of Practice and Patient’s Healthcare Accessibility - Tone of if by rudyard kipling - Difference between normal and inferior goods in economics - Conductivity of 0.1 m nacl - Fenty beauty swot analysis - Two Pandemics - Read and answer, business article