Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

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Answer 1

Question

Chapter 13, Problem 43E

a.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

b.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L when Mr. L estimate is $1.1 million.

c.

To determine

Explain if there is any unethical behavior by Mr. L in estimating the sales.

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A company applies overhead to products based on standard direct labor hours allowed for actual output. The following data is provided: • Total budgeted fixed overhead cost for the year = $500,000 • Actual fixed overhead cost for the year = $495,000 • Budgeted standard direct labor hours (denominator level of activity) = 60,000 • Actual direct labor hours = 62,000 • Standard direct labor hours allowed for actual output = 58,000 A. Compute the fixed portion of the predetermined overhead rate. B. Compute the fixed overhead budget and volume variances.

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Answer 2

Question

Chapter 13, Problem 43E

a.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

b.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L when Mr. L estimate is $1.1 million.

c.

To determine

Explain if there is any unethical behavior by Mr. L in estimating the sales.

Expert Solution & Answer

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Answer 3

Question

Chapter 13, Problem 43E

a.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

b.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L when Mr. L estimate is $1.1 million.

c.

To determine

Explain if there is any unethical behavior by Mr. L in estimating the sales.

Expert Solution & Answer

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Answer 4

Question

Chapter 13, Problem 43E

a.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

b.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L when Mr. L estimate is $1.1 million.

c.

To determine

Explain if there is any unethical behavior by Mr. L in estimating the sales.

Expert Solution & Answer

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Answer 5

Chapter 13, Problem 43E

a.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

b.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L when Mr. L estimate is $1.1 million.

c.

To determine

Explain if there is any unethical behavior by Mr. L in estimating the sales.

Answer 6

Chapter 13, Problem 43E

a.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

Answer 7

Chapter 13, Problem 43E

a.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

Answer 8

b.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L when Mr. L estimate is $1.1 million.

Answer 9

b.

To determine

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L when Mr. L estimate is $1.1 million.

Answer 10

c.

To determine

Explain if there is any unethical behavior by Mr. L in estimating the sales.

Answer 11

c.

To determine

Explain if there is any unethical behavior by Mr. L in estimating the sales.

Answer 12

Expert Solution & Answer

Answer 13

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Answer 14

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Answer 15

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Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

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Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L.

Explain two possible explanations for the difference between the marketing firm’s estimate and Mr. L when Mr. L estimate is $1.1 million.

Explain if there is any unethical behavior by Mr. L in estimating the sales.

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