Answer:
e. The monetary price paid to obtain the ticket.
Explanation:
The opportunity cost represent the best rejected alternative of the resources used.
If a person goes to the Super Bowl, the opportunity cost is any other entertainment show it renounce to see and any other use of the 500 dollar it used to acquire the ticket.
Answer:
Total overhead cost variance $
Standard fixed overhead cost ($9 x 45,100 hrs) 405,900
Less: Actual fixed overhead cost <u>411,000 </u>
Total overhead cost variance <u> 5,100 (A)</u>
Explanation:
Total overhead variance is the difference between standard fixed overhead cost and actual fixed overhead cost. Standard fixed overhead cost is overhead rate multiplied by actual direct labour hours. Overhead rate is the total of variable overhead and fixed overhead rate ($8 + $1 = $9).
Answer
The correct answer is c. $ 7,500.
Explanation:
The reconciliation of the change in fund balance in governmental fund financial statements to the change in net position for governmental activities in the government-wide financials is computed using the GOES BARE mnemonic. The fact pattern only describes measurement focus (GOES) issues computed as follows:
G Change in Governmental Fund Balance $ 1,500
O Other Financing Sources 0
E Expenditure - Capital Outlay 9,000
(net of depreciation) (3,000)
S Internal Service Fund Net Income 0
Change in Net Position in government
-wide financial statements $ 7,500
Specific in terms of reason for the injection
