It can be calculated using the following formula: Fixed Overhead <u>Volume </u>Variance = Applied Fixed Overheads – Budgeted Fixed Overhead. Here, Applied Fixed Overheads = Standard Fixed Overheads × Actual Production.
Volume is a measure of the occupied three-dimensional space. [1] Often quantified numerically using SI units (such as cubic meters and liters) or various imperial units (such as gallons, quarts, and cubic inches). Container volume is generally understood to mean the capacity of the container. That is, the amount of fluid (gas or liquid) the container can hold, rather than the amount of space the container itself moves through.
For simple 3D shapes, you can easily calculate the Volume is a measure of the occupied three-dimensional space. [1] Often quantified numerically using SI units (such as cubic meters and liters) or various imperial units (such as gallons, quarts, and cubic inches). Container volume is generally understood to mean the capacity of the container. That is, the amount of fluid (gas or liquid) the container can hold, rather than the amount of space the container itself moves through.
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Setting a goal, reaching it, and then setting a bigger goal is a characteristic trait of a Self-motivated Entrepreneur.
Answer:
Stable prices
Explanation:
Stable prices created a structured economy without residents having to constantly adapt to deflation, inflation etc.
if group auditors make no reference to component auditors whose work they have relied on as a part of the basis for their report, the group auditors decide not to make reference to the report of a component auditor that audited a portion of group financial statements.
An auditor is an individual or company hired by a company to conduct an audit of its financial statements. To practice as a certified public accountant, one must be licensed by the Auditing and Auditing Regulatory Authority or obtain specific qualifications.
The role of the auditor or evaluator is to prepare these financial statements in a professional and independent manner. An audit or audit of the association's financial statements can ensure greater accountability to members and ensure that all funds received by the organization are properly accounted for.
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Answer: b. Reporting the current portion of a long-term note as long-term debt is a misrepresentation of the financial position of the company.
Explanation:
According to US GAAP, the current portion of a long term liability (the portion that is to be paid in the current period) should be recorded as a Current Liability.
The Current portion of a long term liability thus shows us the amount is the current Liability that a company is due to pay in the current operating cycle.
To therefore put that amount that the company is supposed to pay in the current cycle as a long term liability is a misrepresentation of the books aimed at primarily deceiving lenders as the text shows.
