Answer:
The incorrect statement regarding relevant costs and revenues:
To be relevant, a cost or revenue must not be future-oriented and must differ between the alternatives.
Explanation:
For a cost or revenue to be considered as relevant, it must be incurred or earned at a future time. It must also differ between the options available for decision making. A cost or revenue cash flow is relevant if it arises from a management decision and can be avoided. This simply means that if the cost or revenue is not affected by management decision or does not make any difference in decisions, it is not relevant.
Answer:
Hi you haven't provided the options to the question so I will just give the answer in my own words and you can check with the options.
Answer is ASSIGNABLE VARIATION.
Explanation:
Variation is a lack of consistency. It can introduce waste and errors into a process, for example, a manufacturing process.
There are two sources of variation which are:
1. Natural variations: are random variations that are expected and are a part of almost every production process which results from a number of chance causes.
2. Assignable variations: are trend factors that can be traced to a specific reason, such as machine tear, fatigued workers or untrained workers, flawed principles, equipment that is not properly adjusted or calibrated, or raw material problems.
According to the question, a machine was not properly set-up/calibrated which caused a wide variation of quality of the products it produced. Since the cause (improper setup/calibration) can be traced to a specific reason, therefore, the type of variation is an example of ASSIGNABLE VARIATIONS.
Answer:
8,000
Explanation:
Calculation to determine what Brinks' initial basis in Dex is:
Carryover Basis of Land Contributed by Brinks $12,000
Less Mortgage Assumed by the Partnership ($5,000)
Add Mortgage percentage Kept by Brinks $1,000
(.20 x $5,000)
Brink's Initial Basis $ 8,000
($12,000-$5,000+$1,000)
Therefore Brinks' initial basis in Dex is: $8,000
That type of expenses or costs are called Operating expense or more commonly knwon as OPEX. This is an ongoing flow of cost for running a business or a system. In those expenses we can include rents, utilities, and management salaries. Basically stated, <span> this is the </span>money<span> the restaurant spends in order to turn </span>inventory<span> into performance</span>
