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1 year ago

The ________ is the optimum budget to managers that plan revenues and expenses at different sales volumes.

Business

1 answer:

ddd [48]1 year ago

4 0

A flexible budget is an optimum budget for managers that plan revenues and expenses at different sales volumes.

<h3>What is flexible budget?</h3>

A flexible budget is one that varies in response to changes in actual revenue or other activities. As a result, the budget is reasonably close to the actual results. This technique differs from the more conventional static budget, which comprises only fixed spending numbers that do not change in response to real revenue levels.

A flexible budget will include budget lines for various amounts. For example, if your monthly widget production is 100, your variable admin costs could be $200. However, if you produce 200 widgets every month, your variable admin costs will rise to $400.

Entrepreneurs can adapt with change thanks to flexible, rolling budgets. This nimble planning process lets you adjust spending throughout the year

To know more about flexible budget follow the link:

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Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the followin

Tasya [4]

Answer:

See below

Explanation:

The below shows the calculation of variance

Budgeted direct labor (per unit) 0.60

Units 2,000

Budgeted direct total labor (hrs) 1,200

Actual hours 1,160

Standard rate $17

Direct labor efficiency variance

The direct labor efficiency variance

= (Budgeted hours - Actual hours) × Standard rate

= (1,200 - 1,160) × $18

= $720 favourable

7 0

3 years ago

Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol

gtnhenbr [62]

Answer:

A. Carol, Capital is debited for $4,500

Explanation:

The question says to determine amount to be included in the journal entry to record Ronald's withdrawal from the partnership

Assumption: Equal Profit- loss sharing is the agreement between the existing partners.

First premise: Ronald's Capital in the Partnership = $77,000

However, Ronald received a payment of $86,000 meaning that there is an excess of $86,000-$77,000= $9,000

Since the agreement is equal profit and loss sharing, it means each of Ross and Carol will contribute 1/2 of the $9,000.

The journal entry to record this transaction is as follows:

Particulars Debit Credit

Carol Capital Account $4,500

Ross Capital Account $4,500

Ronald Capital Account $9,000

Being the equal contribution of excess amount paid to Ronald on exit from the partnership by Carol and Ross.

Based on the multiple choices, the correct answer is Carol, Capital is debited for $4,500

4 0

3 years ago

Identify which of the following would generate an increase in the market demand for tablet devices, which are a normal good.

seraphim [82]

Answer:

The correct answer is letter "D": An increase in the number of consumers in the market for tablet devices.

Explanation:

Several factors can make the quantity demanded of a product increase. Mainly, <em>when the price of that good or service decreases the quantity demanded increases</em> (demand theory). However, there are some other factors such as the increase of the same product consumers in the market, who will directly ask for the good or service.

6 0

3 years ago

Albert just purchased a $1,000, 5.4%, 10minusyear bond when he heard about his friend Charlie who just bought a equal quality b

svetoff [14.1K]

Answer:

A) interest rate

Explanation:

Interest rate risk refers to the risk of purchasing a bond that offers a certain coupon and then the price of that bond changes due to changes in the market interest rate.

This can work in your favor, if the market interest rate decreases, you will have a bond that pays above market coupon, which will increase the market value of the bond. But if the market interest rate increases, the market value of your bond will decrease, and you will lose money. This is what happened to Albert, since the market interest rate increased, the value of Albert's bond decreased.

8 0

3 years ago

A customer asks Roger a question about a product, and he isn't sure of the correct answer. He immediately phones his supervisor

Vikentia [17]

Answer:

Roger used the technique of "responding to every concern by the customer" for building positive customer relations.

Explanation:

Building up strong customer relationships includes following techniques:

Communication which means inquiring customer needs and wants, listening to them, providing them information.
Exceeding Customer Expectations
Providing Value in the form of quality products and services
Responding to every concern which means taking each and every question, doubts or concerns of a customer seriously and providing them with the required information.

In the given case, the moment Roger knew that he wasn't sure of the information asked for, he immediately rang up his superior to get the exact correct information so as not to disappoint the customer.

This technique relates to responding to every concern by a customer.

5 0

3 years ago

The​ ________ is the optimum budget to managers that plan revenues and expenses at different sales volumes.

The ________ is the optimum budget to managers that plan revenues and expenses at different sales volumes.