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Art [367]
2 years ago
10

A planning budget called for 500 units to be produced and total direct labor cost of $7,500. Actual production was 600 units and

actual direct labor cost was $9,300. The spending variance is?
Business
1 answer:
boyakko [2]2 years ago
7 0

Spending variance is 300 Unfavourable.

SR = 7500 / 500 = 15

AR = 9300 / 600 = 15.5

Spending variance = (SR - AR ) AH

= (15 - 15.5 ) 600

= 300 Unfavourable.

Spending variance, also known as rate variance, is the difference between the actual amount of an expense and the budgeted amount. If you have a utility bill of $250 in January and you expect to incur an expense of $150, you have an unfavorable expense variance of $100.

Spending variance is the difference between the actual amount of an expense and the expected (or budgeted) amount. So if a company has spent $500 on utilities in January and plans to spend $400, the result is a $100 unwanted spending difference.

There are many variations in calculating the spending variance for different types of expenses, but the basic formula for this calculation is:

1) Actual Cost - Expected Cost = Expense Variance.

2) (Actual Variable Burden Rate - Projected Variable Burden Rate) x Work Hours = Variable Burden Cost Variance.

Learn more about Spending variance here: brainly.com/question/26082424

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The 4 stages of development that impacted the Airline Industry are:-

1. <u>Regulation</u>: Strict government control of fares, routes, and entry into markets Regulation resulted from tight ownership control of fares, limited competition on chosen routes, a small market served, a low frequency of city connections, high fares, government bailouts for air carriers, and incentives to increase airline profitability

2. <u>Liberalization</u>: reducing governmental control, increasing bilateral agreements, expanding into new markets, diversifying into new goods, and specialising in specialised markets.

3. <u>Deregulation</u> results in less airfare, improved service, and no government regulation of the market.

4. <u>Re-regulation</u>: Prevent predatory pricing by regulating prices; prohibiting strikes under the Railway Labor Act; updating the air traffic control system to reduce delays; and encouraging development, consolidation, and concentration.

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6 0
2 years ago
A(n) is a request by an account holder to the bank not to pay a specific payment.
Rasek [7]

the answer is stop payment!

3 0
3 years ago
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A store that sells a huge variety of one type of product, such as books, in order to dominate the market for that product is cal
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7 0
4 years ago
Sankey co. has earnings per share of $4. 25. the benchmark pe is 19. 4 times. What stock price would you consider appropriate?
Rashid [163]

An appropriate stock price will be $82.45 ($4.25 * 19.4).

The most common manner to price stock is to compute the organization's rate-to-income (P/E) ratio. The P/E ratio equals the enterprise's stock rate divided via its maximum lately suggested income in line with proportion (EPS). A low P/E ratio means that an investor buying the inventory is receiving an appealing amount of value.

The time period inventory fee refers to the current rate that a proportion of inventory is bought and sold for available on the market. Every publicly-traded company, when its shares are issued, is given a fee – a challenge in their value that ideally reflects the price of the corporation itself.

An inventory is a general term used to explain the ownership certificates of any organization. A proportion, on the other hand, refers to the inventory certificate of a selected organization. Protecting a specific employer's percentage makes you a shareholder.

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6 0
2 years ago
The total market value of a municipality is $25,000,000 and the total assessed value of a municipality is $11,250,000. What is t
gulaghasi [49]

Answer: The equalization rate for the municipality is 45%.

Explanation:

Given that,

Total market value of a municipality = $25,000,000

Total assessed value of a municipality = $11,250,000

Therefore,

Equalization rate for the municipality =\frac{Assesed\ value}{market\ value}

= \frac{11250000}{25000000}

= 0.45

= 45%

Hence, the equalization rate for the municipality is 45%.

6 0
3 years ago
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