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1 year ago

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

1 answer:

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.

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Which of the following is an element of economic forces? a) New production forces b) Health, food, stress c) Competitors and sup

Ksju [112]

Competitors and supply chain is an element of economic forces.

<h3>What are economic forces?</h3>

Economic forces are those factors that assist a firm in terms of its competitiveness in the environment it operates.

Here, economic forces have a direct impact on business and are essential factors that can help an organization in accomplishing its targets.

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2 years ago

Your manager has asked you to recommend which one of two new types of digital camera to buy for your company's publications depa

Cerrena [4.2K]

Answer:

website

Explanation:

Based on the information provided within the question it can be said that the best source of information for this scenario would be a website. Any website that provides information regarding the specs and abilities of the cameras that you are considering purchasing would provide the most helpful information in your decision buying process.

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3 years ago

Charleston Company has two departments (Processing and Packaging) and uses a job-order costing system. Charleston applies overhe

olga_2 [115]

Answer:

$1.236= Estimated manufacturing overhead rate

Explanation:

Giving the following information:

Processing:

Direct labor cost= $44,500

Applied overhead= $55,000

To determine the estimated overhead rate, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

55,000= Estimated manufacturing overhead rate*44,500

55,000/44,500= Estimated manufacturing overhead rate

$1.236= Estimated manufacturing overhead rate

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3 years ago

A what is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and th

ser-zykov [4K]

A cartel is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.

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3 years ago

The degree to which a job is perceived to have a substantial impact on others inside or outside the organization is ________.

AURORKA [14]

The degree to which a job is perceived to have a substantial impact on others inside or outside the organization is Task Significance.

Task significance is defined as perception or believe that an individual's job implies a positive influence and well-being on other people. It states about the help provided to the work or other co-worker.

The impact created by this is characterized by support, help and optimizing the external work environment by an individual doing the job. It can be seen through giving opportunity to a particular employee to do the task.

To learn more about Task Significance and other core job dimensions,

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1 year ago