The fixed budget indicates sales of $50,000. actual sales were $55,000. The variance is $5,000 favorable.
The variance is a measure of variability. it's far calculated by taking the average of squared deviations from the mean. Variance tells you the diploma of unfold in your information set. The more unfold the data, the larger the variance is in relation to the mean.
In opportunity idea and information, variance is the expectation of the squared deviation of a random variable from its populace imply or sample suggest. Variance is a measure of dispersion, that means it's far a degree of the way a long way a fixed of numbers is spread out from their average price.
Not like variety and interquartile range, variance is a measure of dispersion that takes into consideration the unfold of all information points in a data set. It is the degree of dispersion the most often used, in conjunction with the standard deviation, that is truly the rectangular root of the variance.
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Answer:
$17,350
Explanation:
Calculation to determine the amount of cash to report in the balance sheet.
Currency located at the company $950
Add Short-term investments that mature within three months 1,850
Add Balance in savings account 8,100
Add Checks received from customers but not yet deposited 550
Add Coins located at the company 100
Add Balance in checking account 5,800
Total Cash $17,350
Therefore the amount of cash to report in the balance sheet is $17,350
Answer:
If sales fall by 20% AFC raises 38 cents per paper, i.e. a 25% increase in AFC.
Explanation:
To find the average fixed cost (AFC), we have to sum all fixed costs and divide it by the amount of units produced. Fixed costs are those that don't depend on how much is produced, in this case, rental and labor cost don't depend on output, as you can neither move to a cheaper place nor decrease labor obligations even if the factory had no output (newspapers printed).
We can see that as the output reduced, AFC rose 38 cents per paper or a 25% increase in AFC.
Answer:
$0.
Explanation:
It's between fair market value and adjusted basis.
