Hutton Company reported a $750 unfavorable overhead variance on a recent performance report. This means that factory overhead was underapplied during the period.
<h3>What does an unfavorable overhead volume variance mean?</h3>
An unfavorable volume variance indicates that the amount of fixed manufacturing overhead costs applied (or assigned) to the manufacturer's output was less than the budgeted or planned amount of fixed manufacturing overhead costs for the same time period.
Unfavorable variance is an accounting term that describes instances where actual costs are greater than the standard or projected costs. An unfavorable variance can alert management that the company's profit will be less than expected.
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<u>Answer:</u>
<u>To determine proper allocation of resources since the business is relatively new.</u>
<u>Explanation:</u>
Remember, by using the <em>monthly</em> forcasting method in the first year of operations, it allows for total monthly expenses to be weighed against the total monthly revenue.
However, after gathering some experience from the first year's operations, using the <em>quarterly</em> method would allow for easy comparism of the performance of preceding years. ,
Answer:
Peak
Explanation:
The business cycle refers to the routine growth and decline of economic activities in a country. Naturally, an economy experiences periods with high economic activities and seasons with subdued growth.
The peak is the business cycle when the economy experiences high growth. At the peak cycle, businesses experience high sales volumes, the rate of unemployment is low, and prices are high. The level of economic growth is measured through GDP. At the peak, the GDP value is high.
Answer:
Anita uses <em>Consumer Price Index (CPI) </em>as the term to describe the change in the price level from year one to year two.
Explanation:
<em>Since Inflation is measured as the rate of change of those prices from 9% in year 1 to 5% in year 2. The most well-known indicator of inflation is the</em> <em>Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households.</em>
<em>Therefore, the Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them</em>
<span>The name of an organization can replace the name of the author in in-text citations. Author is usually put in parentheses at the end of a sentence in app for example. If an organization is the author, place the abreviated name where the author's name would typically go.</span>
