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lesya [120]
4 years ago
9

Brittney’s Tile Installation Company measures its activity in terms of square feet of tile installed. Last month, the budgeted l

evel of activity was 1,360 square feet and the actual level of activity was 1,300 square feet. The company’s owner budgets for supply costs, a variable cost, at $3.90 per square foot. The actual supply cost last month was $4,300. In the company’s flexible budget performance report for last month, what would have been the spending variance for supply costs?
Business
1 answer:
zvonat [6]4 years ago
3 0

Answer:

$770 favorable

Explanation:

The spending variance for a flexible budget will be calculate as follow:

actual activity x standard rate  - actual cost

1,300 x 3.90 = 5,070 standard cost

actual cost      4,300

Variance:           770 favorable

This variance is favorable, as the actual cost were lower than expected, the company saved cash in the supplies espending.

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The Odessa Supply Company is considering obtaining a loan from a sales finance company secured by inventories under a field ware
dimulka [17.4K]

Answer:

a) 15.33%

b) 16.4%

Explanation:

Data provided in the question:

Annual interest rate = 10 percent

Additional cost of maintaining a field warehouse = $16,000 per year.

Now,

Annual financing cost

= [ ( Interest cost + Additional cost ) ÷ Usable funds ] × 100%

For a) Amount borrowed = $300,000

Annual financing cost

= [ ( 10% of $300,000 + $16,000 ) ÷ $300,000 ] × 100%

= 15.33%

For b) Amount borrowed = $250,000

Annual financing cost

= [ ( 10% of $250,000 + $16,000 ) ÷ $250,000] × 100%

= 16.4%

4 0
4 years ago
Which CTSO is appropriate for future teachers?<br>FEA<br>FFA<br>FTA<br>DECA
Mamont248 [21]
I believe the answer is FFA.
Hope this helps.
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6 0
3 years ago
Read 2 more answers
Assets Liabilities
Jobisdone [24]

Answer:

b. $40,000

Explanation:

Calculation for What additional money Carland National Bank can create

Using this formula

Additional money=Total Reserves-(Demand Deposits*Reserve requirement percentage)

Let plug in the formula

Additional money = $60,000 -( $200,000*10%)

Additional money = $60,000-$20,000

Additional money = $40,000

Therefore the additional money Carland National Bank can create will be $40,000

3 0
3 years ago
In 1679 new hamisphere was
weqwewe [10]
In 1679 , New hemisphere was separated from Massachusetts.
                New hemisphere become a royal colony of the british crown.
3 0
3 years ago
At Susko Systems Inc., employees with exceptional performance ratings are three to four more times as likely to be promoted in c
Tju [1.3M]

Answer:

Merit.

Explanation:

Human resources management (HRM) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of recruiting, managing and improving the welfare and working conditions of the employees working in an organization.

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.

In this scenario, Susko Systems most likely uses the promotion criterion of merit to promote its employees. A merit is function of the performance of an employee.

5 0
3 years ago
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