Answer: $2,000 favorable
Explanation:
Total variable overhead variance = Budgeted variable overhead - Actual total variable overhead
Budgeted variable overhead = Budgeted machine hours allowed for actual output * Budgeted variable overhead rate per machine hour
= 30,000 * 2.50
= $75,000
Total variable overhead variance = 75,000 - 73,000
= $2,000 favorable
Favorable because the actual amount was less than the budgeted one.
Answer:
$289,000
Explanation:
The computation of the adjusting basis in case of sale of the home is shown below:
= Purchase value of home + additional purchase cost + cost of swimming pool + new air conditioning system
= $250,000 + $4,000 + $30,000 + $5,000
= $289,000
In case of sale of the home, we consider all the costs which are given in the question as it related to the sale of the home
Answer:
C. To show the relationship between quantity supplied and prices.
Explanation:
A supply schedule is a tabular demonstration of the quantity that suppliers will be willing to sell at different prices. It is a table showing the relationship between supply and price.
According to the law of supply, the supply increases as the price goes up. Therefore, the supply schedule is a tabular illustration of the law of supply.
Answer: E. System
Explanation: It is an example of a "system ", all of the company interrelated part working together to accomplished restoration of Ryan's home.
A System is a form of interrelated or interacting entities that form as a whole. It is described by its temporal boundaries, influence and surrounded by its environment and function together to achieve a set objective.
Answer:
The answer is Develop logical specifications for the selected design.
Explanation:
The tasks required to complete the systems survey are as follows:
1. Determine the nature and the extent of each reported problem
2. Determine the scope of the problem
3. Propose a course of action that might solve the problem
4. Determine the feasibility of any proposed development.