Answer:
A) $2,000 favorable
Explanation:
Actual total variable overhead = $ 73,000
Actual total fixed overhead = $ 17,000
Budgeted variable overhead rate per machine hour = $ 2.50
Budgeted total fixed overhead = $ 15,000
Budgeted machine hours allowed for actual output = 30,000
Budgeted variable overhead = $ 2.50 x 30,000 = $ 75,000
Variable overhead variance = Budgeted variable overhead - Actual total variable overhead
Variable overhead variance = $ 75,000 - $ 73,000 = $ 2,000
Since the actual value is under the budgeted value, the variable overhead variance is $2,000 favorable.
Answer:
Check the following explanation
Explanation:
-1, the lowest possible correlation
.
The correlation between the activity of two stocks, or between a stock and the performance of a given index, sector or industry, can be a very important factor in developing a prudent investing strategy.
Answer:
c) capitalize in the machine account
Explanation:
Since it is given that there is an improvement made to a machine due to which it increases the machine fair market value and at the same time it also increases the production capacity of 25% without extending the useful life of the machine
So as the question is talking about the improvement of the machine so the same is to be capitalized in the machine account
Hence, the option c is correct
Acc 450 specific misstatement in one of a client's 2,000 accounts receivable is referred to as a(n) <u>known misstatement.</u>
There are two categories of errors: known and likely. The amount of specifically determined misstatements is what Section 312A.35 refers to as known misstatements.
For instance, it would be a known untruth if an unpaid invoice for items purchased or services supplied prior to the end of the period given was not recorded.
According to Section 312A.35, "the auditor's best assessment of the overall misstatements in the account balances or classes of transactions" is what is meant by "likely misstatements." When an auditor uses analytical or sampling techniques, probable misstatements may be found.
For instance, if an auditor applies sampling methodologies to a certain class of transactions and finds a known misstatement in the items examined, the auditor will project the known difference found in the samples to find the likely misstatement.
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