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tiny-mole [99]
1 year ago
12

Fill in the blank question. the difference between a revenue or cost item in the planning budget and the same item in the flexib

le budget at the actual level of activity is a(n) _____variance.
Business
1 answer:
Kaylis [27]1 year ago
6 0

The difference between a revenue or cost item in the planning budget and the same item in the flexible budget at the actual level of activity is a(n) activity variance.

A flexible budget is a budget or financial plan of estimated cost and revenue for different output levels. The variation happens due to the change in the volume or level of activity.

It sets the standard to measure the variances of the budget estimates and the actual performance of the company for control purposes. Further, it can be prepared either for the whole company or a specific department or unit.

In brief, a flexible budget is a budget that distinguishes the behavior of fixed and variable cost that changes. And changes that happen with the level of activity attained, or change in the revenue or other variable factors.

Learn more about flexible budget here

brainly.com/question/16017304

#SPJ4

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Suppose a hypothetical economy is currently in a situation of deficient aggregate demand of $16 billion. Four economists agree t
GarryVolchara [31]

Answer:

Economist A

Government spending multiplier $4billion

Tax multiplier $8billion

Economist B

Government spending multiplier $8billion

Tax multiplier $2billion

Explanation:

Computation for the amount the government would have to increase spending to close the output gap according to each economist's belief

ECONOMIST A

Government spending multiplier=16/4

Government spending multiplier=$4billion

Tax multiplier=16/2

Tax multiplier=$8billion

ECONOMIST B

Government spending multiplier=16/2

Government spending multiplier=$8billion

Tax multiplier=16/8

Tax multiplier=$2billion

Therefore the amount the government would have to increase spending to close the output gap according to each economist's belief are :

ECONOMIST A

Government spending multiplier=$4billion

Tax multiplier=$8billion

ECONOMIST B

Government spending multiplier=$8billion

Tax multiplier=$2billion

5 0
3 years ago
The Work in Process Inventory account of a manufacturing company has a $3,550 debit balance. The company applies overhead using
DanielleElmas [232]

Answer:

$1,070

Explanation:

Calculation to determine the amount of applied overhead is:

Using this formula

Applied overhead = Total cost of WIP - Direct materials - Direct labor

Let plug in the formula

Applied overhead= $3,550 - $1,610 - $870

Applied overhead=$1,070

Therefore the amount of applied overhead is:$1,070

5 0
3 years ago
Mona's flexible work schedule indirectly enhances her children's development by allowing her time off for school activities and
grigory [225]

Answer:

C. exosystem

Explanation:

According to my research on studies conducted on child development, I can say that based on the information provided within the question this is an example of interactions within the exosystem. This is what contains environmental elements that have a significant influence on a child's development, even though that child is not directly involved with them.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Read 2 more answers
A private not-for-profit entity receives three large cash donations: One gift of $75,000 is restricted by the donor so that it c
kupik [55]

Answer:

$310,000

Explanation:

Calculation to determine the increase in the current year in net assets with donor restrictions

Using this formula

Net assets current year Increase=Restricted gift by donor+Restricted gift to pay salary+Restricted gift withheld+Unspent income earned

Let plug in the formula

Net assets current year Increase=$75,000+$95,000+$125,000+$15,000

Net assets current year Increase=$310,000

Therefore the increase in the current year in net assets with donor restrictions will be $310,000

8 0
3 years ago
Small businesses have an advantage over large business in international trade in all these ways except: Multiple Choice they can
alexdok [17]

Answer:

their prices are usually lower due to low overhead.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace and enhance international trade.

Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Small businesses have an advantage over large business in international trade in all of the aforementioned ways except that, their prices are usually lower due to low overhead cost such as office space, equipment, travel expenses, utilities, etc.,

An overhead cost is simply the cost associated with the smooth running the business.

In international trade, both small businesses and large businesses typically have the same price or amount of money set for the purchase of their goods regardless of the overhead cost.

8 0
3 years ago
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