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1 year ago

The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is?

Business

1 answer:

Anna007 [38]1 year ago

5 0

The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is $5,000 favorable.

The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.

In opportunity idea and information, variance is the expectation of the squared deviation of a random variable from its populace imply or sample suggest. Variance is a measure of dispersion, that means it's far a degree of the way a long way a fixed of numbers is spread out from their average price.

Not like variety and interquartile range, variance is a measure of dispersion that takes into consideration the unfold of all information points in a data set. It is the degree of dispersion the most often used, in conjunction with the standard deviation, that is truly the rectangular root of the variance.

Learn more about variance here brainly.com/question/15858152

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Parsons Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last

Ierofanga [76]

Answer:

Actual direct labor hours= 32,750 hours

Explanation:

Giving the following information:

Actual overhead= $250,000 in actual manufacturing overhead cost. Overapplied overhead= $12,000 for the year.

The predetermined overhead rate was $8.00 per direct labor-hour

We need to reverse engineer the manufacturing overhead application process for the period.

Under/over applied overhead= real overhead - allocated overhead

If overhead was overapplied, the real overhead was lower than applied.

-12,000= 250,000 - allocated overhead

allocated overhead= $262,000

Now, we can determine the actual direct labor hours for the period:

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

262,000= 8*Actual amount of allocation base

Actual direct labor hours= 32,750 hours

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3 years ago

Whenever Jane is successful she takes full credit for what has happened, but whenever she is unsuccessful she attributes her fai

Nat2105 [25]

Answer:

The correct answer is E) self-serving bias.

Explanation:

Self-service bias, or bias due to personal interest, appears when people request responsibility with greater interest for their own successes than for their own failures or failures. It also manifests itself when people tend to evaluate ambiguous information in a way that benefits their own interests. Dale Miller and Michael Ross were the first to suggest this attributional bias. Self-service also arises as a result of statistical bias as a result of people thinking, due to their self-esteem, that in certain areas it is better than average. For example: most drivers think they drive better than average.

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2 years ago

Marcella operates a small, but very successful art gallery. All but one of the following can be classified as a variable cost ar

strojnjashka [21]

Answer:

The correct answer is a) Physical space for the gallery.

Explanation:

Variable costs fluctuate according on the production of goods of a company, while fixed costs stay the same regardless of the production output. Reviewing all the options:

Wages paid to three part-time employees vary depending on the amount of hours they work.

Accountant's fees for preparing tax returns vary depending on the time spent preparing the records.
The costs of purchasing art work to sell in the gallery vary depending on the amount of art purchased and its value.

That leaves us with option A. The physical space for the gallery. Buildings and rent are known to be a Fixed cost for companies because they stay the same regardless of the production output.

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3 years ago

What should you expect to get from your insurance company in exchange for your premium?

Sergeu [11.5K]

Answer:

see below

Explanation:

Premiums are the regular payments the insured pays to the insurance company for insurance coverage. By paying premiums, the insurance company agrees to compensate the insured for any financial loss resulting from the risk covered by the insurance contract.

Premiums are the cost of insurance. The customer pays premiums while the insurances undertake the risk stated in the policy documents. Should the customer suffer damages, injuries, or financial loss, the insurance companies compensate the customer as per the terms stated in the insurance contract.

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2 years ago

The term supply chain is considered limited because it ________.

Zarrin [17]

Answer:

The correct answer is A) "takes a step-by-step, linear view of purchase-production-consumption activities"

Explanation:

The term supply chain is considered limited because it takes a step-by-step, linear view of purchase-production-consumption activities

Because consists of upstream and downstream partners to the company and suggests that raw materials, productive inputs, and factory capacity should serve as the starting point for market planning. A better term for this, would be the "demand chain"

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3 years ago