Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A consulting firm produces a service that requires the use of labor and materials. Each unit of service requires a standard labor time of 30 minutes (0.5 hours). The average pay rate for a labor hour is £20. The consulting firm considers all materials that are required for the service as variable overheads (OH), the cost of which is directly associated with the labor hours worked. It has been estimated that variable OH rate is £10 per service hour.
The budgeted and actual costs, revenue and units for the month November are given in the table below:
Original Budget
Actual
Units of Service
1,500
1,600
Sales Revenue
£120,000
£124,400
Labor hours
750
860
Labor cost
£15,000
£20,210
Variable OH costs
£7,500
£8,170
Fixed Cost
£68,000
Total Cost
£90,500
£96,380
Operating Profit
£29,500
£28,020
1. Calculate the flexed budget and the key variances between budgeted and actual results.
2. Reconcile the original budget and present the relationship between the budgeted and the actual profit for the month November
3. Discuss the calculated variances, and provide suggestions for better cost management (target length 300 words).
suppose 10-year t-bonds have a yield of 5.30 and 10-year corporate bonds yield 6.75. also corporate bonds have a 0.25
bellamee inc. has semiannual bonds outstanding with five years to maturity and are priced at 920.87. if the bonds have
As a financial analyst, you are asked to advise a MNC about its one-year investment plan next year in Germany. Because the investment is denominated in euros, you are asked to forecast how the euro's value may change against the U.S. dollar over the ..
presented below are selected financial statement items for rowe corporation for december 31 2012.inventory55000cash
if excel inc. has projected sales of $30,000 in january, $20,000 in february, and $20,000 in march 80% of sales are on credit 20% are collected in the month of sale and 80% are collected the month after, what are cash receipts in march?
The exercise value is the positive difference between the current price of the stock and the strike price. The exercise value is zero if the stock's price is below the strike price.
What is the NPV of the decision to purchase a new machine? What is the IRR of the decision to purchase a new machine?
what is the net amount received by the corporation if it acts rationally?
Both bonds are bought to yield % nominal interest convertible semiannually. In how many years should the new bond mature?
What minimum amount of annual cash inflow do you need if your firm has an 8% cost of capital? If the project is forecast to earn $12,500 per year over the 5 years, what is its IRR? Is the project acceptable?
a corporation has two classes of stock outstanding. the return on common stockholders equity is computed by dividing
statement of cash flowsw.c. cycling had 37000 of cash at year-end 2011 and 29000 in cash at year-end 2012. the firm
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd