Answer:
$32,900 favorable
Explanation:
The computation of the total flexible budget variable overhead cost variance is shown below:
= Total budgeted overhead cost - actual budgeted overhead cost
where,
Total budgeted overhead cost is
= $9.40 × 74,900 hours
= $704,060
And, the actual budgeted overhead cost is
= $8.40 × 79,900 hours
= $671,160
So, the total flexible budget variable overhead cost variance is
= $704,060 - $671,160
= $32,900 favorable
Since the standard cost is greater than the actual cost so it would have favorable variance
Answer: True
Explanation:
recent trend has seen cities opt to leave the stadium management business and either allow the team or a third party (e.g., AEG or SMG) to manage the facility in exchange for a fee.
This is true. Cities don't really go into Stadium management business and focus on other aspects of business or in certain cases, look out for a third party.
Answer:
The budgeted production for the first quarter is 35000 units. So, option A is the correct answer.
Explanation:
The budgeted production is the units that are required to be produced by the firm based on the budgeted sales and the requirement for opening and closing inventory.
The budgeted production for the first quarter can be calculated using the following formula,
Budgeted Production = Sales in units for the period + Closing inventory - Opening Inventory
Budgeted production = 40000 + 5000 - 10000 = 35000 units
Answer:
Please find the complete question and its solution in the attached file.
Explanation:
Answer:
$5.15
Explanation:
The data given in the question
Total bill amount = $38.80
Each individual paid = $10 for bill
Number of individual = 8
Now if we divide the total bill amount by the number of individual so the amount come is
= Total bill amount ÷ number of individuals
= $38.80 ÷ 8
= $4.85
So each person can get the
= $10 - $4.85
= $5.15