The variable overhead efficiency variance uses exactly same inputs as direct labor efficiency variance statement regarding the variable overhead variance analysis is true.
<h3>
What is variable overhead?</h3>
The varying production costs a business incurs while operating are referred to as "variable overhead." As industrial output changes, so do variable overhead expenses. Different from variable overhead are the general expenditures associated with administrative tasks and other operations that have predetermined budgetary requirements. Organizations need to understand variable costs clearly in order to prevent overspending, which can reduce profit margins. They will be able to precisely set prices for future products thanks to this. For businesses to succeed and stay in operation, they must invest money in the development and promotion of their goods and services. The term "overhead" refers to all costs related to operating a firm, such as managers, salespeople, and marketers for both the corporate office and the manufacturing plants.
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Because casual is an objective term and what constitutes "casual" attire may drastically differ by company
Answer:
<em>Options Include:</em>
A. demand will become more price elastic.
B. price elasticity of demand will not change as price is lowered.
<em>C. demand will become less price elastic. is Correct</em>
D. the elasticity of supply will increase.
Explanation:
<em>Typically as a broadly accurate guide, the product is called elastic if the quantity of a good demanded or purchased increases more than the change in price. </em>
(Price increases by + 5%, but demand decreases by -10%). When the shift in the purchased quantity is the same as the price change (say, 10 per cent/10 per cent= 1), the product is said to have price elasticity unit (or unitary).
Eventually, when the purchased quantity changes less than the price (say,-5 per cent demanded for a price change of+ 10 per cent), then the product is called inelastic.
Answer:
I used an excel spreadsheet since there is not enough room here. I ordered the given data:
Fixed Variable Actual Total
Revenue $276 $33,130
Technician wages $8,300 $8,150
Mobile lab operating exp. $5,000 $34 $9,260
Office expenses $2,500 $3 $2,740
Advertising expenses $1,570 $1,640
Insurance $2,850 $2,850
Miscellaneous expenses $970 $2 $535
Answer:
3.5%
Explanation:
The formula to calculate total return is: Profit/Original Cost. 100,000 x .03 = $3,000 interest. $3,000 interest + 100,000 principal = 103,000 cash flow. $103,000 - 99,500 = $3,500 gain. $3,500 gain/$99,500 cost = .03518. .03518 = 3.5%
