Answer:
the efficiency variance for variable overhead setup costs is $4,810 favorable
Explanation:
The computation of the efficiency variance for variable overhead setup costs is shown below;
= ((15,700 ÷ 265) × 4.25) × $45 - ((15,700 ÷ 325) × 3) × $45
= $11,330.6604 - $6,521.5384
= $4,809.12 favorable
= $4,810 favorable
hence, the efficiency variance for variable overhead setup costs is $4,810 favorable
True, A lot of estimates go into the final calculation to determine market size, and each component needs to be as precise as possible. Otherwise, the errors in the estimation get compounded.
What does market size actually mean?
- The total number of prospective customers for a good or service inside a certain market, along with the potential revenue from those sales, make up the "market size."
- For a number of reasons, it's critical to determine and comprehend market size.
What is an example of market size?
- For instance, a shoe company might find 100,000 people who are interested in its product, but data on income and accessibility reveals that only half of them have the resources to make a purchase.
- The market that is open in that situation has 50,000 potential customers.
Learn more about market size
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Answer:
$20,880
Explanation:
Under the direct method we ignore services that are provided to the other service departments.
In order to allocate the building operation costs to Operating department A, we need to determine what percentage of the building space taken up by Operating departments is used by Operation Department A.
There is a total of 50000 square feet and Operating Department A occupies 60%(30000/50000 of that.
So Operating Department A will get 60% of the building costs
i.e., 60% × 34800 = 20,880
Answer: False
Explanation:
A sudden stop refers to the sudden decline in net capital inflows in the economy from outside. This is a significant method by which the economy can have access to foreign exchange.
If the country therefore borrows internationally in foreign currencies whilst lending in domestic currency, the sudden stop will be difficult to navigate because it will impair the country's ability to pay off the international creditors it has because it will not have enough of the required foreign currency to pay them.