Answer:
Controllable variance
Explanation:
The controllable variance is the combination of the variable overhead, fixed overhead spending variance and together with this, the variable overhead efficiency variance is also involved
Hence, as per the given situation, the controllable variance is to be considered
Therefore the above represents the answer
Because not all resources are equally well suited to producing both consumer and capital products, the production possibilities frontier would probably be reached.
What is Economy?
A territory with an economy is one where goods and services are produced, sold, traded, and used. It is generally accepted that it is a social domain that emphasises the actions, conversations, and outward expressions related to the production, use, and management of finite resources. The processes of an economy are greatly influenced by factors such as a person's culture, values, education, technical development, history, social organisation, political structure, legal system, and availability of natural resources. These elements set the guidelines and conditions that govern how an economy functions in addition to giving background and substance. To put it another way, the economic sphere is a social area made up of interconnected human interactions and behaviours that are dependent on one another.
To learn more about Economy
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Answer: D
Explanation:
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Answer:
D. Credit for $2.5 million
Explanation:
The depreciation expense to be recorded in the subsidiary individual accounts in respect of equipment is given below:
Depreciation expense to recorded in subsidiary accounts=$40 million/10
=$4 million
Since for the consolidated accounts we consider the fair value of the assets of the subsidiary and not the book values of assets, so for the purpose of consolidation, the depreciation expense of the equipment shall be recorded based on its fair value and not its book value in the following manner:
Depreciation expense to recorded in consolidated accounts=$15 million/10
=$1.5 million
Effect on consolidated depreciation expense= depreciation expense recorded in subsidiary accounts-depreciation expense recorded in consolidated accounts
Effect on consolidated depreciation expense=$4 million-$1.5 million
=$2.5 million
So based on the above calculation, the answer is D. Credit for $2.5 million
Answer:
Razor should accrue a liability in the amount of $0.
Explanation:
If the likelihood are likely and the quantity can be calculated with satisfactory precision, a contingent liability is to be accumulated. The amount cannot be calculated with reasonable precision in the given situation so no liability is to be acknowledged. Therefore Razor should accrue a liability in the amount of $0.
