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
Jobisdone [24]
2 years ago
15

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

#SPJ1

You might be interested in
You own a small store. Your cashier thinks you should lower prices to increase your total revenue and your friend thinks you sho
Helga [31]

Answer:

<u>A. elastic;</u> <u>inelastic </u>

Explanation:

Price elasticity of demand refers to degree of responsiveness of quantity demanded of a good with respect to a change in the price. It is mathematically expressed as:

\frac{dQ}{dP} \ *\ \frac{p}{q}

wherein dQ= Change in quantity demanded

              dP = Change in price

              p = Original Price

              q = Original quantity

Total revenue refers to total receipts of a firm from the sale of a good.

When price elasticity of demand is less than 1, it refers to inelastic demand which further means, the change in quantity demanded is less w.r.t change in price.

Similarly, when price elasticity of demand is greater than 1, it signifies change in quantity demanded is more w.r.t change in the price.

In the given case, the cashier thinks lowering prices will increase the total revenue. This indicates the cashier believes the demand to be elastic.

Similarly, the friend's belief of increased prices leading to increased total revenue signifies inelastic demand.

7 0
3 years ago
What is cash equivalent????​
Ksenya-84 [330]

Answer:

Cash equivalents are the total value of cash on hand that includes items that are similar to cash; cash and cash equivalents must be current assets.

Explanation:

brainlist please

7 0
2 years ago
Read 2 more answers
Jamie is looking for a new job. she used to be the top sales representative for the region and was expecting to be promoted. how
s2008m [1.1K]

Answer:

Performance-reward relationship

Explanation:

Jaime is used to having her high performance (top sales rep) earn her the rewards of recognition and success. Now that someone who hasn't reached the same level of performance that she has but got all the rewards (the promotion) she can no longer trust that better performance will lead to better rewards. When trust in work relationships is broken, people will lose satisfaction and search for new opportunities.

3 0
3 years ago
Suppose the Fed carries out an open market sale of $100m and simultaneously decreases the minimum required reserve ratio from 10
andrey2020 [161]

Answer:

loanable amount after Fed operation = $950 M

Securities after fed operation = $50 M

attached below is the T-account table

Explanation:

Given data:

For assets : securities = $100 M ,  Loans = $800 M

For Liabilities :  Constant demand deposit = $1000 M

difference between the assets and liability = $100 M  and this makes the Banking system unbalanced hence the Banking system needs the intervention of the Fed. and the reduction in the required reserve ratio from 10% to 5% is the right action

How with the reserve ratio reduced to: 0.05

hence required  Minimum required securities after operation = 0.05 * 1000 M = 50 M

Note : Total demand deposits = securities + loanable amount

therefore loanable amount after Fed operation = $1000 M - $50 M = $950

Attached below is the T-table

When both tables are compared it can be seen that there is a significant increase  in the loanable amount after the Fed's operations and increase in Loanable amount transcends to increase in Monetary base

5 0
3 years ago
Which budget or budget type should be used to meet the following​ needs? a. Upper management is planning for the next five years
Simora [160]

Answer:

a. A Strategic budget will be used by the upper management in planning for the next five years.

b. A flexible budget will be used by a store manager who wants to plan for different levels of sales.

c. A Cash budget will be used by an accountant who wants to determine whether the company has sufficient funds to cover expenses.

a. A Master Budget will be used by a CEO who wants to make companywide plans for the next year.

Explanation:

  • Strategic budget, is finnancial planing to achieve the long term goals of the company.
  • flexible budget is used for different level of sales volume.
  • Cash budget usted for forescast the cash balance.
  • Master Budget uses a schedule to present financial statements.

4 0
3 years ago
Other questions:
  • The local government uses property taxes to pay for goods and services in the community. true or false
    12·2 answers
  • In order to continue operating, in the long-run a firm must a. ​Charge a price equal to its AVC b. ​Charge a price equal to its
    13·1 answer
  • Consider the following cash flows: Year Cash Flow 2 $ 22,400 3 40,400 5 58,400 Assume an interest rate of 9.2 percent per year.
    15·1 answer
  • Current exchange rate (Feb 15, 2018) is .8011 Euro/$. You speculate the exchange rate will be .8210 Euro/$ on Mar 15, 2018. You
    14·1 answer
  • Read the following scenario and select the appropriate shifter of demand (what is going to shift the curve) It becomes known tha
    14·1 answer
  • Investing in several types of securities
    13·1 answer
  • A $72 NSF check was returned from Mr. Smith, a company client. On a bank reconciliation, this would be shows as a(n)
    6·1 answer
  • Why are stocks considered a high-risk form of investment?
    7·2 answers
  • Carbonale Castings produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an
    13·1 answer
  • Askew Enterprises produces a product with fixed costs of $200,000 and variable cost of $9 per unit. The company desires to earn
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!