Answer:
The correct answer to the following question will be Option C.
Explanation:
- A Cost variance seems to be the gap and difference between the expected expenditures incurred as well as the projected regular expenditures at just the start of such a time frame.
- Such variances have been used by administrators to assess and monitor the progress including its supply chains, expenditures as well as other activities.
⇒ Cost variance = Actual cost - Standard cost
Some other available options have no connection with the given case. So choice C seems to be the perfect solution to that.
Definition:
Tax imposed by the government on the things which are harmful for the human health is termed as Sin Tax. For example, Tobacco products, drugs, cola drinks, gambling, fast food items etc.
Why it is mainly imposed:
It is imposed to increase the prices of the above given harmful products which consequently, might can be helpful in decreasing their consumption.
C. Marginal Cost
Marginal cost is the <em>additional </em>cost to produce each unit of a good.
Answer:
E. Over applied overhead
Explanation:
Over applied overhead is defined as excess amount of overhead applied during a production period over the actual overhead incurred during that period. In other words, it means excess overhead applied to work over the amount of overhead actually incurred.
When this occurs, it is called favourable variance and it is added to the budgeted profit in the end of the accounting period in a financial statement.
Answer and Explanation:
The computation of the weighted-average number of shares outstanding in each cases is as follows:
a. At the time when the shares are issued at cash
= (303,000 × 12 ÷ 12) + (31,200 × 8 ÷ 12)
= 303,000 + 20,800
= 323,800 shares
b. At the time when the shares are issued in the stock dividend
= (303,000 × 12 ÷ 12) + (29,700 × 12 ÷ 12)
= 303,000 + 29,700
= 332,700 shares
