Answer:
The flexible-budget variance for materials is $5,000 favorable.
Explanation:
In order to calculate the The flexible-budget variance for materials we have to use the following formula:
Flexible budget variance for materials = Budgeted material cost for actual production - Actual material cost
= (2,500*$97) - (2,500*$95)
= $242,500-$237,500
= $5,000
Hence, The flexible-budget variance for materials is $5,000 favorable.
Answer:
Objective and task.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis. The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
The budgeting method described in the question is called objective and task. It is typically used by various organizations or companies due to the fact that, it's tied directly to the strategy and tactics of a company on an annual basis. Also, it is used to set a budget for marketing efforts while anticipating on informations about the company.
Explanation:
Engineering is a profession in which scientific knowledge and mathematics is used and experimented with to develop ways that benefit mankind, making it extremely important to society for several reasons.
Engineering encompasses a whole range of industries that could include on-site, practical construction work as well as evaluating safety systems from an office
In general, real estate taxes are divided between the buyer and seller based on the number of days each party held (or will hold) the property during the tax year.
<h3>
What is Property tax?</h3>
- Real estate taxes and property taxes are the same things.
- They are levied on the majority of properties in the United States and paid to state and local governments.
- Property taxes (or real property taxes) generate funds that are generally used to help pay for state and local services.
- In general, real estate taxes are divided between the buyer and seller based on the number of days each party held (or will hold) the property during the tax year.
- Investors can defer taxation by selling a property investment and using the proceeds to buy another property in a 1031-like-kind exchange.
- Landowners can borrow against their current property's equity to make other investments.
Therefore, generally, real estate taxes for a tax year are divided between the buyer and the seller based on the number of days each party held (or will hold) the property.
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Answer:
They have access to enough capital to operate in high cost industries
Explanation:
