Answers
In a budget, a favorable variance occurs when the actual amount of an expenditure is less than the budgeted amount.
A favorable variance in a budget appears when the cost to produce a good or service is less than the budgeted cost, meaning that a business is generating more profit than originally anticipated. Favorable variances could occur because of cheaper material costs, increased efficiencies in manufacturing, or increased sales.
So it is stated as when actual expenditure is less than budget, it causes to occur a favorable variance.
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Related Questions
Rita Rodriquez obtained a 24 month
Answers
Answer:
True
Explanation:
snce rita times 4 to the power of rodriquez is 24 then this is proven to be true
what is the top fastest car in the world from any brand.
Answers
Bugatti Chiron Buggati Veyron and Also Devil Sixteen. Devil Sixteen has a horse power of 5000.
James Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $35 per machine hour, while the Sanding Department uses a departmental overhead rate of $20 per direct labor hour. Job 603 used the following direct labor hours and machine hours in the two departments: Actual results Assembly Department Sanding Department Direct labor hours used 8 5 Machine hours used 10 7 The cost for direct labor is $30 per direct labor hour and the cost of the direct materials used by Job 603 is $1,400. How much manufacturing overhead would be allocated to Job 603 using the departmental overhead rates
Answers
Answer:
Total allocated overhead= $450
Explanation:
Giving the following information:
The Assembly Department uses a departmental overhead rate of $35 per machine hour.
The Sanding Department uses a departmental overhead rate of $20 per direct labor hour.
Job 603:
Actual results Assembly Department Sanding Department
Direct labor hours used 8 5
Machine hours used 10 7
To allocate overhead to Job 603, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Assembly= 35*10= $350
Sanding= 20*5= $100
Total allocated overhead= $450
What precaution should a food handler take when cleaning up vomit
Answers
Explanation:
The following are some precautions a food handler should take:
they should ensure that they are adequately protected by wearing hand gloves.ensure that they properly wash the area affected and the equipment used during the cleaning with detergent (eg bleach).the gloves worn during the cleaning operation should also be properly disinfected with detergents.A company's current sales are $300,000 and fixed expenses total $225,000. The contribution margin ratio is 30%. The company has decided to expand production which is expected to increase sales by $70,000 and fixed expenses by $15,000. If these results occur, net operating income will ______. Multiple choice question. increase by $6,000 decrease by $27,000 increase by $21,000 decrease by $15,000
Answers
Answer:
Increase by $6,000
Explanation:
Calculation to determine the net operating income
Using this formula
Net operating income=Expected sales increase ×Contribution margin ratio-Fixed expenses
Let plug in the formula
Net operating income=$70,000 x 30% - $15,000
Net operating income=$21,000-$15,000
Net operating income=$6,000 increase
Therefore the net operating income will increase by $6,000
Which kind of CRM fits into the category of web analytics?
"BLANK" fits into the category of web analytics.
Answers
Answer:
Clickstream analysis fits into the category of web analytics.
Explanation:
Clickstream analysis records browsing data and would be best for web analytics.
Clickstream analysis kind of CRM fits into the category of web analytics. Clickstream data are an in-depth record of how users move around a website while completing a task. The log typically contains the pages visited, the length of time spent on each page, how the user got there, and the next step.
Why clickstream analysis is important in web mining?Predicting where customers will click next based on their prior click-through patterns is very helpful in clickstream analysis. Based on actual user behavior, customer personas can be developed using this insight.
The tracking and analysis of website visits constitute clickstream analysis, a subset of Web analytics see separate entry. While there are other methods for gathering this information, clickstream analysis typically makes use of Web server log files to track and gauge website activity.
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Explain environmental and organizational factors affecting HR forecasting.
Answers
Answer:
factor affecting hr fire forecasting
Employment.
Technological changes.
Organizational changes.
Demographic changes.
Culture.
Shortage of skill due to labor turnover.
Pressure groups.
Economic factors.
Explanation:
please mark me brainleast
Oakdale Fashions, Inc.’s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)
Answers
a) The firm's 2021 tax liability was $35,595.
b) The firm's 2021 net income was $133,905.
c) The firm's 2021 average tax rate was 21%.
d) The firm's 2021 marginal tax rate was 21%, same as the average tax rate because companies are subject to a flat federal tax rate of 21%.
What is the tax liability?The tax liability of a firm is the product of the average tax rate and the earnings before tax.
The net income is the difference between the earnings before tax and the tax liability.
Oakdale Fashions, Inc., Income Statement for 2021
Net sales (all credit) $640,000
Less: Cost of goods sold 245,000
Gross profits $395,000
Less: Other operating expenses 120,000
EBITDA $275,000
Less: Depreciation and amortization 18,000
EBIT $257,000
Less: Interest 87,500
EBT $169,500
Less: Taxes $35,595 ($169,500 x 21%)
Net income $133,905 ($169,500 - $35,595)
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Identify and explain five contemporary approaches to the management.
Answers
A framework of management techniques based on more modern trends, such as globalization, theory Z principles, McKinsey's 7-S approach, productivity and quality challenges, is provided by Contemporary Approaches to Management.
Modern methods of managing a company include planning, making decisions, and monitoring. This is known as contemporary management. This method makes an effort to set objectives that are in line with the desires of all relevant parties, including customers, employees, and traditional investors.
Managers must decide how to organize teams of employees to complete their tasks. Managers can choose from five popular ways to departmental groupings, including functional, divisional, matrix, team, and networking.
Thus, A framework of management techniques based on more modern trends.
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An electronics manufacturer in Japan creates a strategic partnership with a
large retailer in the United States. They both invest funds into the partnership
and share in the control of the distribution and resources. The Japanese
company gets a tax advantage because of this partnership, and the U.S.
company gets an advantage because of the exclusivity agreement to carry
these electronic products. Which type of global entry strategy does this
example highlight?
Answers
Answer:
Creating a joint venture.
Explanation:
A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located. In a foreign direct investment (FDI), an investor must establish his business, factory and operations in a foreign country or acquire assets in a business that is being operated in a foreign country.
Additionally, foreign direct investment (FDI) are categorized into three (3) main types and these are;
1. Vertical FDI: it involves establishing a different business that is however similar to the main business owned by the investor.
2. Horizontal FDI: it involves establishing the same type of business in a foreign country as owned in the investor's country.
3. Conglomerate FDI: it involves establishing a business that is completely different in another (foreign) country.
A joint venture can be defined as a type of business partnership which typically involves making direct investment in a foreign country with a domestic partner. It is typically established or initiated by two or more people on mutual grounds to make profits and sharing costs.
In this scenario, an electronics manufacturer in Japan creates a strategic partnership with a
large retailer in the United States.
Thus, the type of global entry strategy which this example highlight is creating a joint venture.
An example of a strategic plan would be
O retiring with no debt.
O winning a sporting event.
O earning extra money.
O doing inventory.
Answers
Suppose apples are currently selling for 50 cents a piece. Someone says that apple
sellers can't make a decent living if they sell their apples so cheaply. This person says
there should be a law stating that no one can sell an apple and no one can buy an apple
for less than 75 cents. A law to raise the income of apple sellers is suggested. What might
be an unintended consequence (effect) of this law?
Answers
Sunland company is considering buying a machine for $420000
Answers
If Sunland Company is considering buying a machine for $240,000 with an estimated life of ten years and no salvage value. The cash payback period on this investment is: c. 8 years.
How to find the Cash payback periodFirst step is to calculate the depreciation using this formula
Depreciation = Cost of assets - Salvage value / Useful life of assets
Depreciation = $240,000 - $0/10
Depreciation = $240,000/10
Depreciation =$24000
Second is to find the cash flow
Cash flow = Net income +Depreciation
Cash flow =$6000+ $24,000
Cash flow = $30,000
Third step is to find the cash payback period on this investment
Cash payback period = Cost of assets / Cash flow
Cash payback period =$240,000/$30,000
Cash payback period =8 years
Therefore the correct option is C.
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The complete question is:
Sunland Company is considering buying a machine for $240,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be used. The machine is expected to generate net income of $6,000 each year. The cash payback period on this investment is
a. 20 years
b. 10 years
c. 8 years
d. 4 years
perpetual inventor system first in first out
Answers
Answer:
BE2 During January it's 1st month of operation Knox çompany accumulated the following manufacturing costs raw materials $4000 on account factory labor $6000 of which $5200 relates to factory wages payable and $800 related to pay roll taxes payable and utilities payable $2000 prepare separate journal entries for each type of manufacturing cost.
Select the correct answer. Read this excerpt from a policy document that informs employees about payroll procedures: A) Each employee will submit a completed time sheet that shows the number of hours worked, sick time, and any vacation time taken. B) Managers must review each time sheet for accuracy and then sign it. The project director will then approve and sign each time sheet. C) If the company can’t directly deposit pay into employees’ bank accounts, the company will distribute payroll checks by 5 p.m. on the first Monday after the two-week pay period has ended. (D) The company will deduct taxes and benefits from pay. In which scenario would the company need to refer to the policy document?
Answers
The scenario where a policy document will be referred to will be D. The company will deduct taxes and benefits from pay.
A policy document simply means a formal document that is a legally binding document. It contains the instructions that determine how things are done in a organization.
Since the policy document informs employees about payroll procedures, it'll be applicable when the company will deduct taxes and benefits from pay.
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A manufacturer is considering replacing a production machine tool. The new machine would cost $3700, have a life of four years, have no salvage value, and save the firm $500 per year in direct labor cost and $200 per year indirect labor costs. The existing machine tool was purchased four years ago at a cost of $4000. It will last four more years and have no salvage value at the end of that time. It could be sold now for $1000 cash. Assume money is worth 8%, and that the difference in taxes, insurance, and so forth, for the two alternatives is negligible. Determine whether or not the new machine should be purchased
Answers
Answer:
The new machine should not be purchased.
Explanation:
initial outlay = -$3,700 + $1,000 = -$2,700
cash flow years 1-4 = $700
discount rae = 8%
Using a financial calculator, the NPV = -$381.51
Since the NPV is negative, the new machine should not be purchased.
what a meaning this ;)
Answers
Answer:
I guess your happy with one eye closed!
Explanation:
hehehe:>
Artville is deciding whether to purchase a new statue for the center of town. The statue will cost the city $17,000 and will only be purchased if the costs are covered. The city is asking for households to help cover the cost of the statue, but households are not forced to contribute. Instructions: Enter your answer as a whole number.
Required:
a. If households are asked to contribute $5 each to help cover the cost of the statue, how many households will need to contribute?
b. If the population of Artville is 4,000 households, of which 3,000 households are expected to free ride, will the city be able to afford the statue if it charges each household $14?
Answers
Answer:
a. 3,400 households
b. No
Explanation:
a. The computation of the number of families is shown below:-
Total Cost = No.of families contributing × Amount each family contributing
$17,000 = No of families × 5
Number of families = $17,000 ÷ 5
= 3,400 households
b. According to the question, it is mentioned that Artville 's population is 4,000 of which 3,000 households are expected to travel freely, which means that these 3,000 people will not pay for the statue and the entire burden of the statue 's cost will fall on the left amount 1,000.
Total cost = No of households contributing × Amount each household pays
= 1,000 × $14
= $14,000
We may conclude that we will not be able to buy this statue because the sum raised is only 14,000, although we need $17,000 to buy the statue. To this question, the answer is "No".
Cooper Construction Company had a contract starting April 2015, to construct a $18,000,000 building that is expected to be completed in September 2017, at a total estimated cost of $16,500,000. At the end of 2015, the costs to date were $7,590,000 and the estimated total costs to complete had not changed. The progress billings during 2015 were $3,600,000 and the cash collected during 2015 was 2,400,000. For the year ended December 31, 2015, Cooper would recognize gross profit on the building of:_____________
Answers
Answer:
$690,000
Explanation:
Total gross profit on the contract = Total contract value - Total estimated cost = 18,000,000 -16,500,000 = $1,500,000
Total cost in 2015 = 7,590,000
Total % of completion in 2015 = Total cost in 2015 / Total cost of contract
Total % of completion in 2015 = 7,590,000/16,500,000
Total % of completion in 2015 = 0.46
Total % of completion in 2015 = 46%
Gross profit in 2015 = Total gross profit on contract * Total % of completion in 2015
Gross profit in 2015 = 1,500,000 * 46%
Gross profit in 2015 = $690,000
ichiro just recived his latest bank statement and discovered the balance was less than the balance on his check register. what is the best explanation for the problem?
A) he deposited money in an ATM
B) he earned more money last month
C) he forgot to enter a withdrawal in the register
D) his employer paid him through direct deposit
Answers
Ichiro just received his latest bank statement and discovered that the balance was less than the balance on his check register. The best explanation for the problem is Option C. He forgot to enter a withdrawal in the register.
A check register is a document used to record transactions made in a bank account. It records the amount of money that has been withdrawn or deposited, as well as any fees or other charges that are associated with the account. A check register is usually kept up-to-date by the account holder. They can use this document to keep track of how much money is in their account, as well as how much money they have spent or received.
This document can be useful for creating a budget and making sure that there are no errors in the account. However, sometimes there can be discrepancies between the balance on a check register and the balance on a bank statement. This can happen for a variety of reasons, such as deposits or withdrawals that were not recorded, checks that were not cashed, or bank errors.
The best explanation for the problem in this scenario is that Ichiro forgot to enter a withdrawal in his check register. This means that he spent more money than he thought he did, resulting in a lower balance than he expected. Therefore, option C is the correct answer: he forgot to enter a withdrawal in the register.
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The competitive threat that outsiders will enter a market is weaker when
Answers
The competitive threat that outsiders will enter a market is weaker when the incumbents enjoy substantial cost advantages.
The competitive threat that outsiders will enter a market refers to the possibility that new firms will enter a market to compete against existing firms. It is the degree of competition in a market that is determined by the ability of other companies to enter the same market and offer similar goods or services at a lower cost.
There are certain factors that determine the competitive threat of outsiders, these are:Ease of Entry: When the cost of entering a market is low, the threat of new entrants is high and vice versa.Brand loyalty: In markets where consumers are more loyal to the existing brands, the competitive threat of new entrants is weaker.
Patents: In markets where incumbents hold many patents, the competitive threat of new entrants is weaker.Cost advantage: The competitive threat of outsiders is weaker when incumbents enjoy substantial cost advantages.Cost advantage is the answer to your question.
The competitive threat that outsiders will enter a market is weaker when incumbents enjoy substantial cost advantages.
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If you convinced your principal to cancel an assembly because of a political
concern, what would this situation be an example of?
A. Drawing conclusions
O B. Prediction
O C. Rhetoric
O D. Generalization
Answers
Answer:
I believe the answer is C (Rhetoric).
Explanation:
Rhetoric refers to the art of persuasion. According to the question, the principal was convinced to cancel an assembly due to a political concern.
How do you access the Marketing Environment (analysis on Macro and Micro Environment) and Market Segmentation and Targeting?
(Example by A Company Success Case Reference)
Answers
One way to analyze the marketing environment is through a SWOT analysis, which examines a company's strengths, weaknesses, opportunities, and threats.
What is Marketing Environment?Generally, Accessing the marketing environment for a company involves analyzing both the macro and micro environments. The macro environment includes factors such as economic conditions, political and legal factors, and technological advancements, while the micro environment includes factors such as competitors, customers, and suppliers.
Market segmentation involves dividing a market into smaller groups of consumers with similar needs or characteristics. Targeting involves selecting one or more segments to pursue.
For example, a company that sells athletic footwear may segment its market based on factors such as age, gender, and level of physical activity. The company may then target specific segments, such as young, athletic men or older, recreational walkers. This company can look at Nike's example, they segment their market by gender, age, sports, and lifestyle, and targets specific segments such as professional athletes, amateur athletes, and casual users.
It's important to note that, a company success case reference can be a good guide, but the company should also conduct their own market research to gain a deeper understanding of their specific market and target audience.
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a global economist hired by telecomp, the US-based computer manufacturer in problem in problem
Answers
Answer:
Introduction which tells about what is going to be talking about
An employment recruiter who offers challenges and a chance to explore and learn rather than high pay is seeking employees who are
a. extrinsically motivated.
b. intrinsically motivated.
c. older and more traditional.
d. lower-skilled.
Answers
The correct option is (B). An employment recruiter who offers challenges and a chance to explore and learn rather than high pay is seeking employees who are intrinsically motivated.
Intrinsic motivation is an internal drive to succeed that comes from within. It is the type of motivation that comes from personal interest and enjoyment in a task or activity. It is often driven by a sense of personal satisfaction, accomplishment, and growth. Intrinsic motivation can be seen in activities such as reading, studying, playing a sport, or volunteering.
It is the type of motivation that keeps us engaged and interested for longer periods of time and helps us to stay focused on our goals. Intrinsic motivation is often seen in those who are highly driven to succeed and have a natural passion for what they do. It is an important factor in achieving success in any field and can be the key to unlocking our full potential.
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Answer:
According to the case, the five kinds of share are directly relevant and can be calculated from the provided information are:
1. Authorized Capital
2. Issued Capital
3. Un-issued Capital
4. Subscribed Capital
5. Called-up Capital
Explanation:
Authorized Capital:
The authorized capital is known as the registered capital of the company, Authorized capital is the maximum amount of share that a company is authorized to issuing share to its shareholders.
In this case, the Alpha limited company registered on 5th January 2023 with the capital of 500,000 which is divided into 25,000 ordinary shares and the value of each share is Rs. 20.
Issued Capital:
The issued share capital of company is monetary value of shares which legally offers by company to its shareholders.
In this case, the Alpha limited company on 20th of January offered for sale to the public from authorized capital. The company put forward 15,000 and the value of each share is 20 Rs. Consequently, the company’s issued capital is 300,000 Rs (15,000 shares x 20 Rs.) .
Un-issued Capital:
The un-issued share capital reflects the part of authorized capital stock that the company has not yet issued to the public.
In this case, the Alpha limited company has not issued his 10,000 shares, and the value of each share is 20 Rs so its total un-issued capital is Rs. 200,000 (10,000 shares x 20 Rs.).
Subscribed Capital:
The subscribed capital is the portion of issued capital for which the public has been subscribed and the company has accepted.
In this case, the Alpha limited company on 23rd January received applications for 14,500 shares from the public which informed by company’s bank, so the subscribed capital is Rs. 290,000 (14,500 shares x 20 Rs.).
Answers
The five kinds of capital that are directly relevant are:
Authorized Capital: Rs. 500,000Issued Capital: Rs. 300,000Un-issued Capital: Rs. 200,000Subscribed Capital: Rs. 290,000Called-up Capital: Rs. 290,000What is a called-up capital?The called-up capital refers to the portion of the subscribed capital that the company has demanded and the shareholders are required to pay.
In this case, the Alpha limited company called up the entire subscribed capital of Rs. 290,000 on 25th January. Therefore, the called-up capital is also Rs. 290,000.
Summarily,
- Authorized Capital: Rs. 500,000
- Issued Capital: Rs. 300,000
- Un-issued Capital: Rs. 200,000
- Subscribed Capital: Rs. 290,000
- Called-up Capital: Rs. 290,000
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Describe portfolio planning. Is portfolio planning relevant for a firm involved in a single industry? Justify your answer.
Answers
Answer:
The definition and respond to the question is below.
Explanation:
To begin with, the name of "Portfolio Planning" in the field of business refers to the unique tool that can help the companies to have a better strategy when it comes to terms of the clients and more. It consists of a process that allows to the manager to have better organization of what the decisions will be in order to achieve better results at long term, having in mind the most important aspects of the company like the tolerance to risk of the stockholders and the margins they want to get after every operation ends. That is why that portfolio planning is tottaly fundamental for any company who seeks for success, meaning that it is relevant in a firm involved in a single industry due to the fact that they would need if they want to expand and be better than their competitors.
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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What are the four functions of communication? Examples.
Answers
Answer:
The four functions of Communication are within a group or organization: control, motivation, emotional expression and information.
Maize Plastics manufactures and sells bottles per day. Fixed Costs are $30,000 and the variable costs for manufacturing 50 bottles are $10,000. Each bottle is sold for $1,000. How would the daily profit be affected if the daily volume of sales drop by 10%?
a. profits are reduced by $4,000
b. profits are reduced by $1,000
c. profits are reduced by $5,000
d. profits are reduced by $6,000
Answers
Answer:
a. profits are reduced by $4,000
Explanation:
Calculation to determine How would the daily profit be affected if the daily volume of sales drop by 10%
First step is to calculate the Variable cost per unit
Variable cost per unit = $10,000 / 50
Variable cost per unit = $200
Second step is to calculate the Profit for 50 bottles
Profit for 50 bottles = ($1,000 × 50) - ($30,000 + $10,000)
Profit for 50 bottles = $10,000
Third step is to calculate the Sales after 10% drop
Sales after 10% drop = 50 × (1 - 0.10)
Sales after 10% drop= 45
Fourth step is to calculate the Profit for 45 bottles
Profit for 45 bottles = ($1,000 × 45) - ($30,000 + (45 × 200))
Profit for 45 bottles= $6,000
Now let determine the Change in profit
Change in profit = $10,000 - $6,000
Change in profit= $4,000
Therefore How would the daily profit be affected if the daily volume of sales drop by 10% is that the PROFITS ARE REDUCED BY $4,000