Answer:
Let Sanguine Wines Ltd. refer to a hypothetical company for the purpose. Following would constitute Sanguine Wines Ltd's variable costs:
- Raw Material or input prices: The raw material or inputs of sanguine wines limited purchases from suppliers such as dried grapes, sugar and the likes. The price of such inputs is prone to seasonal fluctuation and thus variable
- The performance related incentive for employees for number of bottles of wine created, would be variable cost as it would vary with the no of bottles produced.
- Discount allowed to distributors which varies based upon the number of bottles purchased by them.
- Commission paid to wine salesperson which varies with respect to bottles sold.
Answer:
A net worth statement
Explanation:
A net worth statement is a financial report/ document that shows the assets and liabilities - both short and long-term - of an individual or company. The net worth is the result of deducting liabilities from assets.
The net worth statement paints a picture of a person or an entity's current financial position. Assets represent what a person owns, while liabilities are what they owe.
Answer:
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<span>ARMA is clearly member led, the Principles describe and address fundamental attributes of information governance, they apply to organizations of all sizes, sectors, and industry types. and AIIM is much more driven by Vendors.</span>
Answer:
Material Quantity Variance= 2400 favorable
Explanation:
Given
Actual units = 6000
Planned Units = 5900
Actual Quantity used per unit= 3.9 pounds
Actual Quantity=3.9 pounds*6000= 23400 pounds
Standard quantity for actual units= 4* 6000= 24000
Standard quantity used per unit = 4 pounds
Standard Price = $ 2 per pound
Formula
Material Quantity Variance= (Standard Price) *( Actual Quantity- Standard Quantity)
Working
Material Quantity Variance= (4)*(23400- 24000)= 4 * 600= 2400 favorable
as the actual quantity is more than the standard quantity the variance is favorable.
