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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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In one survey, the highest number of responses came from entrepreneurs who said their idea for a business came from ________.

valentina_108 [34]

In one survey, the highest number of responses came from entrepreneurs who said their idea for a business came from Sudden insight/chance .

<h3>What Is an Entrepreneur?</h3>

An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.

Entrepreneurial Insights provides deep entrepreneurial insights into how to start, grow, and exit a business. The website contains information in categories such as corporate strategy, finance, general, HR, job profile, legal, management, marketing, operations, technology, and more.

Anyone interested in starting and running their own business should consider which entrepreneurial model they prefer:

Small business.
Scalable startup.
Large company.
Social entrepreneurship.

Therefore, we can conclude that the correct option is : A.

Your question is incomplete, but most probably your full question was:

In one survey, the highest number of responses came from entrepreneurs who said their idea for a business came from_____.

A .Sudden insight/chance

B. Market Research

C .Somebody else's product/service

D. A suggestion or collaboration

E . Following a passion

Learn ore about Entrepreneurs on:

brainly.com/question/26788365

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7 0

2 years ago

After the accounts were adjusted at January 31, 2010, the end of the fiscal year, the following balances were taken from the led

Deffense [45]

Answer:

fees earned 116,400 debit

income summary 116,400 credit

--to close revenues account--

Income summary 81,050 debit

Wages Expense 29,000 credit

Rent Expense 43,000 credit

Supplies Expense 7,300 credit

Miscellaneous Expense 1,750 credit

-- to close expenses accounts--

Income summary 5,000 debit

Dividends 5,000 credit

-- to close dividends accounts--

Income summary 30,350 debit

Dividends 30,500 credit

-- to close income summary account--

Explanation:

on accounting we close the temporary accounts which are:
revenues
expenses
dividends

To do so, we will use an auxiliary account called income summary.

Once we close this we calculate the blaance of income summary using a T-account:

income summary

<u>debit credit </u>

81,050 116,400

5,000

Balance: 30.350‬

<u />

And close it as well against retained earnings

6 0

4 years ago

What influences the behavior of employees and gives confidence to the strategic teams that make things happen?

Yakvenalex [24]

Based on verifiable research, it has been shown that "goals" influence the behavior of employees and give confidence to the strategic teams that make things happen.

This is because goals setting has been found to give people a sense of purpose and a reason to accomplish a task.

This helps push employees and motivate them towards achieving the desired result.

Goals setting also gives confidence to the strategic teams that make things happen by quantifying their success.

It also helped them to have and create a shared vision which gives them the confidence to pursue the set goals.

Hence, in this case, it is concluded that goal setting is crucial to achieving success in any organization.

Learn more here: brainly.com/question/25062459

8 0

3 years ago

How much can you fit 11 in 38

Aloiza [94]

38/11 = 3.45 = Round to whole number is 3

5 0

3 years ago

On January 1, 2017, Shamrock Inc. issued $400,000 of 7%, 5-year bonds at par. Interest is payable semiannually on July 1 and Jan

balandron [24]

Answer and Explanation:

The journal entries are shown below:

On Jan 1

Cash $400,000

To Bonds payable $400,000

(Being the bond is issued for cash)

For recording this we debited the cash as it increased the assets and at the same time it increased the liabilities so the bond payable is credited

On July 1

Interest expense $14,000

To Cash $14,000

(Being the payment of interest is recorded)

The computation is shown below:

= $400,000 × 7% × 6 months ÷ 12 months

= $14,000

For recording this we debited the expenses as it increased the expenses and at the same time it decreased the assets so the cash is credited

On Dec 31

Interest expense $14,000

To Interest payable $14,000

(Being the accrual of interest is recorded)

For recording this we debited the expenses as it increased the expenses and at the same time it increased the liabilities so the interest payable is credited

4 0

4 years ago