Answer:
<em>$400 not favorable</em>
Explanation:
<em>Flexible budget for indirect materials =$27000</em>
<em> Cost Incurred in direct labour hours= $28,000</em>
<em>Hours of labour= 9,200</em>
<em>DHL= Direct labour hour</em>
<em>
The indirect materials budgeted per direct labor hour is= $3 ($27,000/9,000). </em>
<em>So the activity level of 9,200 direct labor hours, budgeted indirect materials are $27,600 (9,200 X $3 per DLH).</em>
<em>therefore, the actual indirect materials cost is= $400 ($28,000 - $27,600) more than estimated. the difference is not favorable </em>
give consumers freedom to make economic choices. god bless. :)
<span>A "cash budget" is used to predict when a firm will likely experience temporary shortages or surpluses of cash.
</span>
A cash budget refers to a financial plan of expected money receipts and distributions during the period. These money inflows and surges incorporate incomes gathered, costs paid, and credits receipts and installments. At the end of the day, a money spending plan is an expected projection of the organization's trade position out what's to come.
Answer:
The Global Economic Crisis
Factors that led to the Mortgage Crisis include all:
A) Mortgages were accessible for borrowers who did not meet income and minimum down payment requirements. Moreover, the Fed kept interest rates really low to prevent a recession. This led to a decrease in the demand for homes and a further decline in housing prices.
B) The total amount of risk embedded in the securities created by bundling mortgages did not change. The securitization and resecuritization processes led to a distribution of total risk among different types of collateralized securities.
C) Mortgage payments based on short-term interest rates-called adjustable-rate mortgages (ARMs)—were preferred by subprime borrowers.
D) Rating agencies, such as Moody's and Standard & Poor's, earned fees from securitizing agencies for providing ratings for CDOs. The securitizing agencies were looking for higher ratings for their CDOs, and the rating agencies were earning fees. This led to a conflict of interest; thus, ratings did not reflect the true risk involved in the CDOs, which were backed by mortgages.
Explanation:
Hedge funds, banks, and insurance companies helped to cause the subprime mortgage meltdown while regulators looked the other way. They were given free rein to construct so many complex securities which somehow contributed to the mortgage defaults with financial institutions skimming fees during the securitization processes, and mortgages were made accessible for borrowers who did not meet the income and minimum down payment requirements.
