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Chapter 10, Problem 14RQ

What does the rate of return on total assets measure, and how is it calculated?

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Accounting 89
The following labor standards have been established for a particular product: Standard hours per unit of output 6.3 hours Standard variable overhead rate $18.65 per hour The following data pertain to operations concerning the product for the last month: Actual hours 8,600 hours Actual total variable overhead cost $157,380 Actual output 1,100 What is the variable overhead efficiency variance for the month? a. $30, 561 U. b. $31, 146 U. c. $28, 136 U. d. $2, 426 U.
Platz Company makes chairs and planned to sell 3, 200 chairs in its master budget for the coming year. The budgeted selling price is $45 per chair, variable costs are $15 per chair, and budgeted fixed costs are $40,000 per month. At the end of the year, it was determined that Platz actually sold 3,100 chairs for $145,700. Total variable costs were $50,375 and fixed costs were $38,000. The volume variance for sales revenue was: a. $4,500 unfavorable b. $100 unfavorable c. $4,500 favorable d. $1,700 favorable

Chapter 10 Solutions

Horngren's Financial & Managerial Accounting, The Managerial Chapters Plus MyLab Accounting with Pearson eText - Access Card Package (6th Edition)

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