Answer:
1,708 Unfavorable
Explanation:
Revenue Variance = Budgeted Revenue - Actual Revenue, and where actual revenue is less than standard revenue, then variance will be unfavorable.
Note: The variance is calculated for revenue and not the net profit, because both are different terms.
Budgeted = 3,100 tenant days
Actual = 3,120 tenant days
Revenue Budgeted for actual tenant days = $34 
3,120 = $106,080
Less: Actual Revenue = $104,372
Since Standard revenue is more than actual revenue, the variance will be unfavorable = $106,080 - $104,372 = 1,708 Unfavorable
<h2>You made the choice with the lowest "Opportunity cost".</h2>
Explanation:
Opportunity cost in simple terms, can be explained as "You get one by losing the other".
So why this opportunity cost is necessary? Let us understand.
This plays a significant role in "Personal finances". This is the effective part to be learnt to make decisions on finance.
Some of the real life examples are listed below:
- Attending the interview is important than attending an entertainment event
- Only if you spend time and money you can see a movie
"Theorie der gesellschaftlichen Wirtschaft" coined the word "opportunity cost".
Answer:
$231,000
Explanation:
With regards to the above, the total sales would be;
= Number of units Bradford inc. Is expected to sell × Per unit of ceramic vases
Given that;
Units expected to be sold = 11,000
Per unit of ceramic vases = $21
Total sales
= 11,000 units × $21
= $231,000
Since we were asked to get the total sales, we will simply multiply the per units sold with the units expected to be sold. Other information are not useful for the purpose of calculating the total sales.
Answer and Explanation:
The journal entry is shown below:
Overhead $4,700
Cost of goods sold $4,700
(Being overapplied overhead is closed)
Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense
Answer:
Low integration
Explanation:
There are 4 types of integration in business. Horizontal integration, vertical integration, conglomerate integration and forward integration.
The above scenario is an example of low integration which can be subbed under horizontal integration. Since it is focusing on different print medias and possess different teams to cater to different markets, basically customizing operation for better and increases efficiency of the company's output.
