We import goods from other countries when they are harder to make in ours, we export goods to other countries when the goods are harder to make or obtain in theirs. if a nation exports more than it imports, a surplus is created. When a country imports goods more than it exports, it creates a trade deficit. A trade deficit in a nation causes it to have to borrow from other countries in order to pay for the imports. On the other hand, a surplus is much healthier for the economy light of the fact that it boosts economic output.
Production volume variance is Unfavorable and Fixed overhead spending (budget) variance is favorable.
<u>Explanation:</u>
The formula for fixed budget variance as follows
The Fixed overhead budget Variance = Budgeted Fixed Overhead minus Actual Fixed overhead
= $4000 minus $3800 = $200 Favorable
Fixed overhead spending (budget) variance is favorable.
The formula for Production Volume Variance is as follows:
The Production Volume Variance = Applied Fixed Overhead minus Budgeted Fixed Overhead
= ($4 into 900) minus $4000 = $3600 minus 4000 = $400 Unfavorable
Therefore, Production volume variance is Unfavorable.
Answer:
The balance in the Work in Process inventory at the month end is $60
Explanation:
Work in Progress : It is a sum of direct material, direct labor and overhead expense. It shows how much percentage of work is left in the company. The work part left in the company is called work in progress.
For computing the Job 3 work in progress, the calculation part is shown below.
= Direct material + Direct labor + overhead expense
= $30 + $10 + 200% × 10
= $30 + $10 + $20
=$60
Hence, the balance in the Work in Process inventory at the month end is $60
<span>It is a good idea to walk around the outside of the car and look at its bumpers, doors, roof and look for scratches and dents. We often are looking at the whole thing and not breaking it down into small groups. Look at the underneath. Is it rusty? Clean? Inspect the interior, not just it's gadgets. How are the seats? How does it smell? Does it look well cared for or just cleaned up? Open the hood. Look at the engine. Is there oil everywhere? Does it look overall clean for its age? You don't have to know everything about cars, looking at how a car has been cared for can say alot about what it's gone through in its previous life.</span>
Dialogue. Dialogue includes conversations between two or more characters.