Answer: c. Difference in budgeted costs and actual costs of fixed overhead items.
Explanation:
If a company uses a Predetermined rate for Manufacturing Overhead this means that they have budgeted a certain cost of overhead that they believe will be sufficient for production. This is usually possible for fixed overhead items.
The Variance therefore would be the difference between this budgeted figure and the actual figure for the fixed Overhead items.
Answer:
The disadvantages of cloud back-ups are:
- It is relatively more expensive
- Its' efficiency depends totally on the speed of the internet service provider. If the provider of the service has slow bandwidth and the internet is slow, then it may take a very long time to retrieve the backups.
- Where there is no internet access at all, it becomes impossible to get the back-ups.
Explanation:
When companies opt to save a copy of their data on a location other than their physical location such as a remote server, it is referred to as Cloud-Backup. On-site back-ups on the other hand entail saving company data on a physical apparatus such as disks, drives, etc.
Data back-up is essential to maintain business continuity. If a business such as a telecommunications company lost all of its data including those of its customers, it most likely will go belly-up.
Another reason why people opt for Cloud-backup is that it saves the offers increased security and ease of maintenance.
Cheers
Answer:
$390000
Explanation:
Given: Beginning inventory= $60000
Cost of goods purchased = $380,000
Sales revenue= $800000.
Ending inventory= $50000.
The Periodic inventory system is used to determine the amount of inventory available at the end of each accounting period.
Cost of goods sold= 
⇒ Cost of goods sold= 
⇒ Cost of goods sold= 
∴ Cost of goods sold= 
.
Hence, $390000 is the cost of goods sold under a periodic system.
Answer:
LJM Corporation
1. The Maximum price that Patty Division should be willing to pay for the filters is: $45.
2. Minimum price that Shay Division should be willing to accept is: $52.
Explanation:
a) Data and Calculations:
Shay Division Patty Division
Costs:
Variable costs $16
Fixed costs 20
Sales/purchase price 52 $45
Capacity/requirement 20,000 8,000
Maximum price that Patty Division should be willing to pay for the filters is: $45.
Minimum price that Shay Division should be willing to accept is: $52.
b) The minimum transfer price should be determined based on the variable costs and the opportunity costs. The opportunity cost for Shay Division is $36 ($52 - $16). For Patty Division, the maximum price it should be willing to pay is the opportunity cost, which is the price Patty pays when it buys the filters from the market.
