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Tomtit [17]
1 year ago
15

Hutton Company reported a $750 unfavorable overhead variance on a recent performance report. This means that factory overhead wa

s underapplied during the period.
Business
1 answer:
Viefleur [7K]1 year ago
4 0

Hutton Company reported a $750 unfavorable overhead variance on a recent performance report. This means that factory overhead was underapplied during the period.

<h3>What does an unfavorable overhead volume variance mean?</h3>

An unfavorable volume variance indicates that the amount of fixed manufacturing overhead costs applied (or assigned) to the manufacturer's output was less than the budgeted or planned amount of fixed manufacturing overhead costs for the same time period.

Unfavorable variance is an accounting term that describes instances where actual costs are greater than the standard or projected costs. An unfavorable variance can alert management that the company's profit will be less than expected.

To learn more about Unfavorable variance  visit the link

brainly.com/question/24064163

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Why is it important for businesses to understand the role of economics?
MrRa [10]

Answer:

Business economics often handles the analysis of various costs that business firms incur. Every business always desires to minimize their costs and maximize its profits by embracing different economies of scale. Nonetheless, the firms fail to determine exact costs that are involved in the production process.

6 0
3 years ago
The body of rules and procedures that guide the measurement and communication of financial accounting information is known as?
iris [78.8K]

Generally Accepted Accounting Principles is the body of rules and procedures that guide the measurement and communication of financial accounting information.

Given that there is a body of rules and procedures that guide the measurement and communication of financial accounting information.

We are required to give the name of the body that guide the measurement and communication of financial accounting information.

The body that guide the measurement and communication of financial accounting information is Generally Accepted Accounting Principles.

Generally accepted accounting principles (GAAP) basically refer to a common set of accounting rules, standards, and procedures issued by the Financial Accounting Standards Board . Public companies in the U.S. have to follow GAAP when their accountants compile their financial statements.

Hence Generally Accepted Accounting Principles is the body of rules and procedures that guide the measurement and communication of financial accounting information.

Learn more GAAP at brainly.com/question/17895474

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3 0
1 year ago
Your answer is partially correct. Prepare the amortization schedules Sunland will use over the lease term. SUNLAND COMPANY Lease
sasho [114]

Answer:

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7 0
3 years ago
Driving at slower speeds than traffic flow
liraira [26]
Well yes but not just that when u slow down u mite get a ticket so yea.
3 0
3 years ago
Costs such as transportation-out, sales commissions, uncollectible accounts receivable, and advertising costs are sometimes call
Flura [38]

Costs such as transportation-out, sales commissions, uncollectible accounts receivable, and advertising costs are sometimes called <u>direct costs.</u>

<h3>Wat are direct cost?</h3>

A direct cost is known to be the said price that can be said to be straightly linked or tied to the manufacturing of specific goods or services.

Not that A direct cost is one that  be known via to the cost object, that is it can be a service, product, or others.

Hence, Costs such as transportation-out, sales commissions, uncollectible accounts receivable, and advertising costs are sometimes called <u>direct costs.</u>

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brainly.com/question/26245657

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6 0
1 year ago
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