Answer:
D. Flexible budgeting is the correct answer.
Explanation:
Flexible budgeting is the budget plan that changes as per the company's requirement.
The advantages Flexible budgeting are:
- It assists the management of the organization to decide about the business situation and production level.
- It helps to know the amount of product to be required for the growth of the organization and to achieve the profit level.
Answer:
U.S. banks that cannot borrow elsewhere.
Explanation:
- In the United States, the Federal Reserve goes as a last resort lender to companies that do not have certain other acquisition practices, and the inability to obtain loans can significantly impact the economy.
- so correct answer is U.S. banks that cannot borrow elsewhere.
Answer:
No
Explanation:
Stella doesn't make over 12,000 dollars.
Answer:
Option (B) is correct.
Explanation:
Given that,
Standard Price = $5
Direct material (Actual Price) = $4.9
Actual Quantity Purchased = 28,900
Materials price variance for January:
= (Standard Price - Actual Price) × Actual Quantity Purchased
= ($5 - $4.9) × 28,900
= $2,890 (Favorable)
Therefore, the materials price variance for January is $2,890 Favorable.
Answer:
$117
Explanation:
Costco Medical Supply's merchandise inventory:
Surgical equip. Surgical supplies Rehab equip. Rehab supplies
Selling price $276 $134 $354 $152
Cost $156 $136 $255 $152
Cost to sell $17 $17 $16 $7
Net realizable V. $259 <u>$117</u> $338 $145
If we apply the lower of cost or net realizable rule for determining the value of surgical supplies, its value would be: $117 < $136
When we use the lower of cost or net realizable rule, we should value our inventory at the lowest value between original purchase cost and current net realizable value of the products.
