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3 years ago

One key role of marketing is ______

Business

1 answer:

andre [41]3 years ago

8 0

Answer:

3. Looking outward by listening to customers

Explanation:

This particular role assist in retaining customers by creating new opportunities to win customer loyalty and business.

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A planning budget called for 500 units to be produced and total direct labor cost of $7,500. Actual production was 600 units and

boyakko [2]

Spending variance is 300 Unfavourable.

SR = 7500 / 500 = 15

AR = 9300 / 600 = 15.5

Spending variance = (SR - AR ) AH

= (15 - 15.5 ) 600

= 300 Unfavourable.

Spending variance, also known as rate variance, is the difference between the actual amount of an expense and the budgeted amount. If you have a utility bill of $250 in January and you expect to incur an expense of $150, you have an unfavorable expense variance of $100.

Spending variance is the difference between the actual amount of an expense and the expected (or budgeted) amount. So if a company has spent $500 on utilities in January and plans to spend $400, the result is a $100 unwanted spending difference.

There are many variations in calculating the spending variance for different types of expenses, but the basic formula for this calculation is:

1) Actual Cost - Expected Cost = Expense Variance.

2) (Actual Variable Burden Rate - Projected Variable Burden Rate) x Work Hours = Variable Burden Cost Variance.

Learn more about Spending variance here: brainly.com/question/26082424

#SPJ4

7 0

1 year ago

broker-dealer based in New York has a Net Capital requirement of $100,000. The broker-dealer also has 2 branch offices in New Je

Lena [83]

Answer:

$100,000

Explanation:

Data provided in the question

Net capital requirement = $100,000

Number of branch offices = 3

Based on the above information

The net capital requirement for this broker-dealer is $100,000. According to the uniform state law refers to the law in which there is uniformity or the same laws to be followed from state to state

Since the net capital is $100,000 so the same is to be considered in case of 3 branches offices as there is an existence of uniformity

3 0

3 years ago

The December 31, 2021, inventory of Tog Company, based on a physical count, was determined to be $467,000. Included in that coun

8090 [49]

Answer:

Tog Company

a. The correct December 31, 2021 balance of Inventory is

= $592,500.

b. The error increased the cost of goods sold, thereby reducing the net income and the retained earnings.

c. Journal Entries to correct errors:

Debit 2021 Inventory $67,000

Credit 2022 Inventory $67,000

To correct the error.

December 31, 2021

Debit Purchase $97,000

Credit Accounts Payable $97,000

To record the purchase of merchandise, shipped FOB shipping point on December 28, 2021.

Explanation:

a) Data and Calculations:

Physical count Inventory = $467,000

FOB shipping point 2021 = 28,500

December 28 FOB shipping point = 97,000

December 31, 2021 balance = $592,500

The error would increase the cost of goods sold, thereby reducing the net income and the retained earnings.

Journal Entries to correct errors:

December 31, 2021

a. 2021 Inventory $67,000 2022 Inventory $67,000. The records should be for 2021 and not 2022.

b. This only affects the physical count and not the records.

c. Purchase $97,000 Accounts Payable $97,000. Both the physical count and the records were omitted.

4 0

3 years ago

Selected accounts with a credit amount omitted are as follows

777dan777 [17]

Answer:

b.$9,290

Explanation:

Calculation for What was the balance of Work in Process as of April 30

WORK IN PROCESS=[(61,100+191,300+57,390)-306,600]+6,100

WORK IN PROCESS=(309,790-306,600)+6,100

WORK IN PROCESS=3,160+6,100

WORK IN PROCESS=$9,290

Therefore the balance of Work in Process as of April 30 will be $9,290

5 0

2 years ago

The junior class at Summerfield High School sold a total of 375 tickets for their spring festival. The adult tickets sold for $7

katrin [286]

The number of student's ticket sold is 200.

Two equations can be gotten from the question:

a + b = 375 equation 1

7.5a + 4.5b = 2,212.50 equation 2

Where:

a = number of adult ticket sold

b = number of children's ticket sold

In order to determine the value of b, multiply equation 1 by 7.5

7.5a + 7.5b = 2812.50 equation 3

Subtract equation 2 from 3

3b = 600

Divide both sides by 3

b = 600 / 3

b = 200

To learn more about simultaneous equations, please check: brainly.com/question/25875552

8 0

2 years ago