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2 years ago

The difference between the total actual cost incurred and the total standard cost is called the:

Business

1 answer:

nlexa [21]2 years ago

3 0

The variance is the difference between the total actual cost incurred and the total standard cost.

<h3>What is variance in accounting?</h3>

In the field of accounting, the variance is simply referred to as the difference that exists between the forecasted amount and the actual amount.

Therefore from the definition that we have above the answer to this question is variance.

Read more on variance here: brainly.com/question/15858152

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Han Products manufactures 27,000 units of part S-6 each year for use on its production line. At this level of activity, the cost

o-na [289]

Answer:

Financial advantage of accepting the outside supplier’s offer= $23,000

Explanation:

The relevant cash flow from the accepting the offer of the outside suppliers include

Extra variable cost of buying

Savings in direct fixed manufacturing overhead

Gains from annual rental income from facility

Unit variable cost of making: 3.5+ 10+ 2.50 =$16

Direct fixed manufacturing overhead (1/3× 12× 27,000)= 108,000.00

Variable cost of external purchase (22× 27,000) 594000

Variable cost of making (16× 27,000) <u>(432000 )</u>

Extra variable cost of buying (162000 )

Savings in manufacturing cost 108,000

Revenue from rental charge <u> 77,000</u>

Net financial advantage from buying <u> 23000 </u>

Financial advantage of accepting the outside supplier’s offer= $23,000

4 0

3 years ago

delegation is the transfer of responsibility for the performance of an activity to another person quizlet

Lostsunrise [7]

Delegation is the transfer of responsibility for the performance of an activity from one individual to another while retaining accountability.

Maryland Nurse Practice Act: "The nurse may delegate the responsibility to perform a nursing task to an unlicensed individual or a certified nursing assistant.

Definition of delegation. The process of delegating the responsibility and authority to perform a task to another person who takes on that authority and responsibility. The delegator continues to be responsible for the task.

Delegation refers to transferring responsibility for a particular task from one person to another. From an administrative point of view, delegation occurs when a manager assigns a specific task to an employee.

Authority is the ability to perform a job in a particular role. Responsibility pertains to reliability, reliability, and commitment to work performance.

Learn more about accountability here: brainly.com/question/980342

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5 0

2 years ago

If a person is risk averse, then she has a. diminishing marginal utility of wealth, implying that her utility function gets flat

Mademuasel [1]

Answer:

The answer is: A) diminishing marginal utility of wealth, implying that her utility function gets flatter as wealth increases.

Explanation:

If an investor is risk averse, he or she will earn a lower return rate than a non risk averse investor. As his or her wealth increases, the total utility of wealth increases but at a decreasing rate. This means that the utility function gets flatter as wealth increases for a risk averse investor.

6 0

4 years ago

A budget is best described as: ?a. a formal statement of a company's future plans usually expressed in monetary terms.?b. a mast

Sav [38]

It is a because if you think about it, you would budget for your future.

5 0

3 years ago

Read 2 more answers

he quantity of U.S. bonds foreigners want to buy is taken into account a. in the U.S. supply of loanable funds and the supply of

Ksivusya [100]

Answer: c. in the U.S. demand for loanable funds and the supply of dollars in the market for foreign-currency exchange.

Explanation:

Bonds are a type of loanable funds which are issued to gain access to cash for certain activities. Both countries and companies do this. When the U.S. government issues bonds, they do so taking into account the amount of funds they would need to fund what it is they want to funds.

They also do so taking into account, the amount of dollars needed by in the foreign-currency exchange market so that they can pump enough dollars into the world economy.

5 0

3 years ago