Answer:
$577 Unfavorable
Explanation:
The calculation of spending variance for dye costs is shown below:-
Spending variance for dye cost = (Standard rate - Actual variable) × Actual units
= ($0.67 - $13,910 ÷ 19,900) × 19,900
= (0.67 - 0.69899) × 19,900
= $577 Unfavorable
Therefore for computing the spending variance for dye costs we simply applied the above formula.
Answer:
$28,317.88.
Explanation:
The annual payment, PMT can be determined using a financial calculator as follows :
PV = $300,000
N = 20
P/YR = 1
R = 7.00 %
FV = $0
PMT = ?
Using a financial calculator, the annual payment, PMT is $28,317.88.
Answer:
1. What explains the changes in the cash account?
2. Where does a company spends its cash?
4. How does a company receives its cash?
Explanation:
The Cashflow statement deals with the cash transactions of the company with a view to know how actual cash moves through the company. As a result, it can answer questions related to the cash transactions of the company.
This includes:
- Why there were changes in the cash account because it shows what activities brought in cash and which took cash.
- Where the company spends its cash because those entries will be shown.
- Where the company gets its cash as well.
Answer:
It reduces the total no of hours that employees work.
Explanation:
Flextime schedule is a type of work arrangement where employees are allowed to select a convenient time to work as it may suit them , compared to the traditional work schedule method where the operation hours is outlined by the management .
It comes with a lot of advantage over the traditional work schedule as listed in the scenario given except that the total no of hours worked by employees remain the same. It has no overall effect on the no of hours worked but the flexibility that allows convenience and increased productivity.
