Answer:
Variable overhead rate variance = $2,870 favorable
Explanation:
Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.
This computed as follows:
$
17,130 hours should have cost ( 17,130 ×7.20) 123336
but did cost <u>120,466</u>
Variable overhead rate variance <u> 2870
</u> Favorable
Variable overhead rate variance = $2,870
Budgeting period is an allocation of time to plan for your money and how or where it's gonna be used. There are two types of budgeting period: Short term and Long term.
Short-term Budgeting period
This budgeting period covers from 6 months to a year, depending on the nature of the business. For seasonal businesses, it should cover at least one seasonal cycle. For wholesale and retail businesses, 6 month is enough.
Long-term Budgeting Period
This covers more than a year of operating. It focuses on the futuristic performance of a business or company. Factors used are market trends, economic growth, inflation rates and industrial production. These factors help foresee profit or problems that may arise. Consequently, this will also help you in your present decisions.
Answer:
D. Spending more money than you have in your account
Explanation:
An overdraft occurs when money is withdrawn from a bank account and the available balance goes below zero. In this situation the account is said to be "overdrawn".
Answer:
Option A. real GDP and the price level.
Explanation:
Option “A” is correct because the change in money supply (say increase) will decrease the interest rate and that will result in an increase in investment and more investment will generate more jobs and more money in consumers’ hands. Thus, they will stimulate the spending and aggregate demand will increase. Resulting in the rise in price and rise in real GDP. therefore, option A is right.
Answer:
It will take 50 months to complete the payment on his entire balance
Explanation:
We have to solve for n in an annuity:
C $20.00
time n
rate (0.1524 / 12 months per year) 0.00127
PV $969.1600
Now, we use logarithmics properties to get the answer:
[tex]-n= \frac{log0.93845834}{log(1+0.00127)
n = 50.044991
