Answer:
Variable overhead rate variance = $2,870 favorable
Explanation:
Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.
This computed as follows:
$
17,130 hours should have cost ( 17,130 ×7.20) 123336
but did cost <u>120,466</u>
Variable overhead rate variance <u> 2870
</u> Favorable
Variable overhead rate variance = $2,870
When zoning deprives the owner of all economic value of her property, it will be categorized be scrutinized under the constitutions Takings Clause and Fifth Amendment.
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Economics, at its very heart, is the look of humans. It seeks to give an explanation for what drives human behavior, selections, and reactions while faced with problems or successes. Economics is an area that combines politics, sociology, psychology, and history.
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Each establishment, whether small or big, government-owned or private companies, always have to backup their files in case of emergencies. As you make your backup plan, you must come across these five basic key questions:
1. Are you backing up all your data? You have to sort your files to be backed up because storage can be limited.
2. How often is your data backed up? You must make sure to back up your data on a regular basis, if not day-to-day.
3. Who is responsible for your backups? For big companies, it is too big of a task for one person to shoulder. Usually, this is tackled by a department, usually the I.T. Department.
4. Do your backups actually work? You should test regularly if these back ups actually work by restoring data files every now and then.
5. Do you have right backup checks and balances in place? The I.T Department tackling backup plans is one thing. But there should also be checks and balances so that you have a backup of your backup. It's better to be safe than sorry.
Answer:
Gross profit $39,000
Explanation:
X company
Income statement ( parochial)
For the year ended, June 30 20YY
Sales revenue $104,000
Less: cost of goods sold $65,000
Gross profit $39,000
In that case, we do not use Income tax expense, Operating expenses, Deferred revenues, Non-operating revenues because those will be needed when we will calculate the net income.
