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1 year ago

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

Business

1 answer:

nlexa [21]1 year 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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You have just received notification that you have won the $1.4 million first prize in the Centennial Lottery. However, the prize

Arada [10]

Answer:

Present value = $6404.20

Explanation:

Data provided in the question :

Amount of the Centennial lottery prize won = $1.4 million = $1,400,000

Time after which the amount will be received, n = 70 years

Discount rate, r = 8%

Now,

the present values is given as:

$\textup{Present value}=\frac{\textup{Principle amount}}{(1+r)^n}$

on substituting the respective values, we get

$\textup{Present value}=\frac{\textup{$1,400,000}}{(1+0.08)^70}$

Present value = $6404.20

6 0

3 years ago

Barnegat Light sold 100,000 shares in an initial public offering. The underwriter's explicit fees were $50,000. The offering pri

Rom4ik [11]

The best estimate of the total cost to Barnegat Light of the equity issue will be $1,050,000.

In addition to the explicit fees of $50,000, we should also take into account the implicit cost incurred to Barnegat Light from the underpricing in the IPO. The underpricing is $10 per share, implying total costs of $1,000,000.

Calculation for What is the best estimate of the total cost to Barnegat Light of the equity issue-:

Total cost = $50,000 + ($30 - $20)1,000,000 shares

Total cost = $50,000+($10)1,000,000 shares

Total cost = $50,000+$1,000,000

Total cost =$1,050,000

Therefore the best estimate of the total cost to Barnegat Light of the equity issue will be $1,050,000.

Learn more about Initial Public Offering (IPO)on:

brainly.com/question/15738101

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5 0

2 years ago

When labor unions successfully bargain for wage rates that are _____ the equilibrium wage rate, they may cause _____. higher tha

Delicious77 [7]

Answer:

When labor unions successfully bargain for wage rates that are HIGHER THAN the equilibrium wage rate, they may cause AN INCREASE IN STRUCTURAL UNEMPLOYMENT.

Explanation:

When a labor union bargains for wages that are above equilibrium rate, this will produce the same effect as a price floor. The supply of labor will increase, while the demand for labor will decrease. This deadweight loss generated by high wages will result in an excess supply that will eventually lead to higher structural unemployment.

3 0

3 years ago

eBook Problem Walk-Through Byron Books Inc. recently reported $12 million of net income. Its EBIT was $28.6 million, and its tax

snow_lady [41]

Answer:

Earnings Before Tax (EBT) = $16,000,000

Interest expense = $12,600,000

Explanation:

Earnings Before Tax (EBT) = Net Income / (1 - Tax Rate)

Earnings Before Tax (EBT) = $12,000,000 / ( 1 - 0.25)

Earnings Before Tax (EBT) = $12,000,000 / 0.75

Earnings Before Tax (EBT) = $16,000,000

Interest expense = Earnings Before Interest and taxes (EBIT) - Earnings Before taxes (EBT)

Interest expense = $28,600,000 - $16,000,000

Interest expense = $12,600,000

Income Statement

Details Amount

EBIT $28,600,000

Less: Interest expenses <u>$12,600,000</u>

EBT $16,000,000

Tax at 25% <u>$4,000,000</u>

Net Income $12,000,000

4 0

3 years ago

The opening of which canal significantly reduced the time and money required to ship goods between the east coast and the west c

bazaltina [42]

Answer:

The Erie Canal

Explanation:

When it opened it dramatically decreased the cost of shipping while reducing the time to travel to the West.

8 0

2 years ago