Answer:
- <u><em>option C. 1331.</em></u>
Explanation:
The question asks for an estimate of 11.4³.
To calculate 11.4³ exactly to must multiply 11.4 × 11.4 × 11.4.
But to have an estimate, the easiest way is to round 11.4 to 11 and find 11³ = 11 × 11 × 11.
That is not a difficult operation.
That is equal to 11² × 11.
- 11² is a common square, which you should know that it is 121. Else, you can multiply 11 × 11 easily and obtain 121:
11 × 11 = (10 + 1) × 11 = 110 + 11 = 121
11 × 121 = (10 + 1) × 121 = 10 × 121 + 121 = 1210 + 121 = 1331
There you have your answer: option C. 1331.
Answer:
The advantages of requiring both the original and final appropriated budget amounts are:
1. It enables comparison of original (static) budget with the final (flexible) budget.
2. From the comparison, management assesses performances based on actual performance versus original and final budgets respectively.
3. The significant changes based on the level of activity are easily determined.
Explanation:
The use of original and final budgets helps in the comparison with actual performance. It clearly shows the effect of the level of activity on budget performance.
Answer:
Territorial restrictions.
Explanation:
This is best described as a situation in which the Company conducts business within a particular jurisdiction, or territory or as stated to only authorized dealers.
Answer:
1. 60,000 hours
2. $210,000
3. $10,500 Unfavorable
Explanation:
1. Standard Hours = 3 per unit
Actual production units = 20,000
Standard Hours for actual production = Standard Hours × Actual production units
= 3 × 20,000
= 60,000 hours
2. Applied variable overhead = Standard hours × Standard Rate per hour
= 60,000 × $3.50
= $210,000
3. Total Variable overhead variance = Applied variable overhead - Actual variable overhead overhead
= $210,000 - $220,500
= $10,500 Unfavorable
In this scenario, I would go with the statement, <span>“The accountant says it is just within our budget.”. I would eliminate this statement because the account has proved that this is within their budget so the funds are available should the company decide to move forward. All of the other statements show how this change could potentially lead to other change and should be talked about and further talked about. </span>
