If you wanted to borrow money to purchase a home, you would go to

1 answer:

3 0

If you wanted to borrow money to purchase a home, you would go to A. A MORTGAGE BROKER.

A mortgage broker serves as an intermediary between a lending institution and an individual or company.

Lending Institutions are banks, finance companies, and loan companies. Instead of you going to the bank to ask for a loan, you would go to a mortgage broker.

It is the job of the mortgage broker to establish a deal or agreement between the two parties which will benefit both parties.

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solution

Fixed Overhead Volume Variance = Applied Fixed Overhead – Budgeted Fixed Overhead

Applied Fixed Overhead = 4,000 units ×2.5 hrs per unit×$0.80 = $8000

$Applied Fixed Overhead= 4,000 units ×2.5 hrs per unit×$0.80 = $8000$

and

Budgeted Fixed Overhead =10,500 hrs × $0.80 = $8400

$Budgeted Fixed Overhead =10,500 hrs × $0.80 = $8400$

Fixed Overhead Volume Variance = $8000- $8400 = $400 (unfavorable)

$Fixed Overhead Volume Variance = 8000- 8400 = 400 (unfavorable)$

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