1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldier1979 [14.2K]
2 years ago
8

The total overhead variance is the difference between actual overhead costs and budgeted overhead costs. True False

Business
1 answer:
disa [49]2 years ago
6 0

The difference between the realized overheads and the estimated overheads is the total overhead cost.

<h3>What are total overhead costs?</h3>

Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.

The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.

Hence, the aforementioned statement regarding total overhead costs holds true.

Learn more about total overhead costs here:

brainly.com/question/13018280

#SPJ1

You might be interested in
Bob owns twenty acres of land on the side of a mountain in Colorado. He files a suit against the Durango Flight School, claiming
velikii [3]

Answer: The correct answer is "the flights are low and frequent, interfering with enjoyment of his land".

Explanation: To succeed, his best argument is <u>the flights are low and frequent, interfering with enjoyment of his land, </u>because the lower the flights with more intensity interfere with the well-being and quiet use of their land, and if the flights occur every so often, the more annoying it is.

8 0
3 years ago
Which event prompted codified procedures for dealing with an incapacitated president?
yanalaym [24]
I had to look for the missing options and here is my answer:
The one that prompted codified procedures in settling with an unworthy and undeserving president is the ASSASSINATION OF PRESIDENT JOHN KENNEDY. President John Kennedy was the 35th President of the United States who was killed in the year 1963 while on a motorcade. 
6 0
3 years ago
Consider an economy with only two goods: bread and wine. In 1982, the typical family bought 4 loaves of bread at 50¢ per loaf an
mylen [45]

Answer:

115

Explanation:

Data provided in the  question:

Number of breads bought = 4

Number of wine bottles bought = 2

Cost of bread in year 1982 = 50 cents = $0.5

Cost of wine bottle in year 1982 = $9

Cost of bread in year X = 75 cents = $0.75

Cost of wine bottle in year X = $10

Now,

The CPI is calculated as:

CPI = \frac{\textup{Cost of basket in the given year (i.e year X)}}{\textup{Cost of basket in the base year (i.e 1982)}}\times100

thus,

CPI for year X = \frac{\$0.75\times4+\$10\times2}{\$0.5\times4+\$9\times2}\times100

or

CPI for year X = \frac{\$23}{\$20}\times100

or

CPI for year X = 1.15 × 100 = 115

7 0
3 years ago
A stock sells for $40. The next dividend will be $4 per share. If the rate of return earned on reinvested funds is a constant 15
AlladinOne [14]

Answer:

r= 16%

Explanation:

The Common Stock Valuation method is also simply referred to as the Value of the Stock Method and it is calculated taking different items such as growth rate of dividend, the dividend itself and number of periods into consideration

FIrst, we identify the formula of rate of return where dividend inceases constantly and at a compound rate

P0 = Div1/ r-g

Where Po is the price of the stock, Div1 is the next year's dividend, r is the rate of return and g is the growth rate of teh dividend

Secondly, we look at the growth rate with thereinvestment of 40% stock and a rate of return on reinvestmetn of 15% according to the question

Growth rate = r x e, where r is the rate of return and e is the reinvestment earning

Growth rate = 0.15 x 0.40 = 0.6

Finally, we calculate The rate of return or the discount rate using the first formula

P0 = Div1/ r-g

$40 = $4/r-0.06

r = ($4/$40) + 0.06

r= 16% or 0.16

5 0
3 years ago
The financial statements for DRG Industries contain a misstatement that is so significant that reasonable investors would likely
Sergio [31]

Answer:

c. Materiality

Explanation:

The relevance of information is affected by its materiality.  Information is material if omitting it or misstating it could influence decisions that users make on the basis of financial information about a specific reporting entity.

An error which is too trivial to affect a user’s understanding of financial statement is referred to as immaterial.  There is no absolute measure of materiality that can be applied to all businesses. In other words there is no rule that says any item greater than 5% of profit must be material. Whether an item is material or not depends on its magnitude or its nature or both in the context of the specific circumstances of the business.

So based on the above discussion, the answer is c. Materiality

6 0
3 years ago
Other questions:
  • If you put $2,620 in a savings account and make no further deposits, what type of calculation would provide you with the value o
    6·1 answer
  • A labor agreement stipulating that employers, although free to hire whomever they choose, may retain only union members and that
    14·1 answer
  • The Fed changes reserve requirements from 10 percent to 14 percent, thereby eliminating $750 million in excess reserves. The tot
    14·1 answer
  • Mr. Smith at Acme Production, Inc. is trying to determine the true economic value (TEV) for a new computerized machine. This mac
    11·1 answer
  • If you are interested in working for a specific company, what type of job site should you look at for opening?
    7·1 answer
  • Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas
    12·1 answer
  • Youngstown Rubber reports the following data for its first year of operation. Direct materials used $710,200 Direct Labor 350,00
    11·1 answer
  • To assist broker-dealers with compliance, NASAA prepared a fee disclosure template. Based on the template, all of the following
    9·1 answer
  • Companies that try to act in a socially responsible way are likely to focus on such activities as Multiple select question. incr
    12·1 answer
  • 16) margin company has total fixed costs of $360,000 and variable costs of $14 per unit. if the unit sales price is reduced from
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!