Answer:
The dividend expense will total $20,000
Explanation:
We know the total shares issued = 12,000
And Treasury stock = 2,000 shares
A regular dividend of $2 per share is declared
Now, we must calculate the total dividend
Outstanding shares = Issued shares - Treasury stock = 12,000 - 2,000 = 10,000 shares
Thus, the dividend expense is calculated as $2 × 10,000 = $20,000
Therefore, the total dividend expense equates to $20,000
Answer:
Instructions are provided below.
Explanation:
To start, we must determine the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead expenses for the period/ total allocation base amount
Predetermined manufacturing overhead rate= (680,000/80,000) + 0.5
Predetermined manufacturing overhead rate= $9 for each direct labor hour
Next, let’s find the total cost for Xavier:
Direct Material $38,000
Direct Labor Cost $21,000
Direct Labor hours worked 280
Total cost= direct materials + direct labor + allocated overhead
Total cost= 38,000 + 21,000 + 280*9
Total cost= $61,520
The price of coffee beans decreases while their quantity increases. The exceptionally favorable weather leads to a greater harvest of coffee beans, thus expanding the supply curve to the right. This results in a lower price for coffee beans, which consequently boosts the quantity sold. Additionally, a decrease in coffee bean prices results in an increased supply of coffee cups, which in turn reduces their price while elevating the quantity of coffee cups sold. Given that coffee cups and donuts are complementary products, the decreased coffee bean prices stimulate a rise in demand for donuts, elevating both the price and quantity of donuts sold.
Answer:
Total hours worked = 17,550 hours
Explanation:
Labour hours efficiency variance = labour efficiency variance/standard labour cost per hour
The hourly standard labour cost = $24
= 1,200/24= 50 hours
Labour variance (in hours) = Actual labour hours - Standard hours for actual units produced
The standard labour hours allowed for the production of 875 cranes is:
= 20 × 875 = 17,500 hours
Let the actual hours be "y"
50 = y - 17500
y = 50 + 17500
y= 17,550 hours
Total hours worked = 17,550 hours
Answer:
This indicates a narrower competitive focus.
Explanation:
In a narrow competitive focus, a company might adopt a strategy centered around either cost leadership or differentiation. By employing a focus strategy, the business opts to produce goods or offer services aimed specifically at a particular customer segment. In a cost leadership approach, the firm could engage in activities that highlight its ability to provide the lowest price for its targeted audience. Conversely, in a differentiation approach, the firm finds its competitive edge in providing a broad array of products.
