1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
34kurt
1 year ago
15

The difference between the standard cost of a product and its actual cost is called a variance.

Business
1 answer:
-Dominant- [34]1 year ago
7 0

The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.

<h3>What is the objective of variance?</h3>

Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.

To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.

Therefore, the statement is True.

Learn more about Variance, here:

brainly.com/question/16269880

#SPJ1

You might be interested in
ABC Manufacturing has total fixed costs of $460,000. A unit of product sells for $20 and variable costs per unit are $11. Prepar
labwork [276]

Answer:

Net Income (Loss) = $440,000

Explanation:

Total Fixed Cost = $460000

Total Variable Cost =  $11 * 100,000 unit =  $1100000

Total Revenue = $20 * 100,ooo unit = $2000000

Contribution Margin =  TR- TVC = ($200,000 - $1,100,000)  = -$900,000

Net Income = Contribution margin - Total Fixed cost

Net Income (Loss) = $900,000 - $460,000

= $440,000

3 0
3 years ago
The following statements are true. Explain why. a. If a bond’s coupon rate is higher than its yield to maturity, then the bond w
krok68 [10]

Answer:

A Bond's current market value represented by B_{0} is the present value of a bond as on today. Present value of a bond is it's future cash flows in the form of coupon payments and principal repayment discounted at investor's expectation in the market also referred to as Yield to maturity(YTM).

Present value of a bond is given by the following equation,

B_{0} = \frac{C}{(1\ +\ YTM)^{1} }  +\ \frac{C}{(1\ +\ YTM)^{2} } \ +\ ......+\ \frac{C}{(1\ +\ YTM)^{n} } \  +\ \frac{RV}{(1\ +\ YTM)^{n} }

where C= Annual coupon payments

YTM = Yield to maturity/ cost of debt/ market rate of return on similarly priced bonds

RV = Redemption value of bond

n = number of years to maturity

<u>a. A bond's coupon rate is higher than it's yield to maturity, then the bond will sell for more than face value.</u>

Hence, if the company pays more interest than what is paid in the market on similarly priced bonds, such bonds shall sell at more than their face value.

<u>b. If a bond's coupon rate is lower than it's yield to maturity, then the bond's price will increase over it's remaining maturity.</u>

Similarly, if a bond pays lower rate of interest than the market rate of interest on similarly priced bonds, the bond shall sell at lower than it's face value and the price will increase over the remaining life of such bonds.

         

6 0
3 years ago
If $1,000 is deposited in a certain bank account and remains in the account along with any accumulated interest, the dollar amou
Naddika [18.5K]

Answer:

The rate is greater than 8%

Explanation:

Given

\small I = 1,000 \left (\left (1+\frac{r}{100} \right )^{n}-1 \right )

<em>Missing part of question</em>

I =210

n =2

Required

Is r > 1

We have:

\small I = 1,000 \left (\left (1+\frac{r}{100} \right )^{n}-1 \right )

Substitute values for r and I

210 = 1,000 \left (\left (1+\frac{r}{100} \right )^{2}-1 \right )

Divide both sides by 1000

0.210 = \left (\left (1+\frac{r}{100} \right )^{2}-1 \right )

Add 1 to both sides

1.210 = (1+\frac{r}{100} \right ))^{2}

Take square roots of both sides

\sqrt{1.210} = 1+\frac{r}{100}

1.1 = 1+\frac{r}{100}

Subtract 1 from both sides

0.1 = \frac{r}{100}

Multiply both sides by 100

r = 10

10 > 8

<em></em>

<em>Hence, the rate is greater than 8%</em>

7 0
3 years ago
How do price ceilings and price floors restrict the free exchange of prices?
Yuki888 [10]
Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.
8 0
3 years ago
Using the word “CAPITALISM,” create an acrostic poem that demonstrates your understanding of the term. Feel free to come back an
pogonyaev

Answer:

Capitalism is an economic system based on investing money in the expectation of making a profit. The means of production are usually privately owned by private entrepreneurs who often use wage labor to create added value. In doing so, they enjoy a great deal of legal freedom to dispose of these means, free enterprise production. This freedom also means that there is competition, which means that entrepreneurs have an interest in increasing the efficiency of their company. Hence, the capital owner will not fully consume the profit but reinvest in the business and capital accumulation takes place. The distribution of products is regulated by the market, in which the role of the government is, in principle, limited to that of market master.

6 0
2 years ago
Other questions:
  • You have a maximum cost-per-click (max. cpc) bid of us$2 for a keyword. to determine the prospective impact of raising this bid
    6·1 answer
  • Bernson Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $49
    6·1 answer
  • Alpha Technology produces two products: a high end laptop under the label Excellent Laptops and an inexpensive desktop under the
    6·1 answer
  • Find the loan to loan ratio for a home appraised at 583,620 that the buyer will purchase for 585,000.
    10·1 answer
  • In the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and
    15·1 answer
  • a business intially sells their product to customers for $50. They find that many people are buying their product so they raise
    13·1 answer
  • Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lak
    8·1 answer
  • Why do you think Artificial Intelligence does not work for every face?
    6·1 answer
  • The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
    5·1 answer
  • determine which statement below about economics is true. economics studies decision-making processes. macroeconomics studies the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!