Answer: The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. (Option C).
Explanation:
Some of the goals of manufacturing companies are to increase company’s revenue and profit. To achieve this, a company needs to know how to manage its costs and these may cause variances in manufacturing.
The total manufacturing cost variance is made up of direct material cost variance, direct labor cost variance and factory overhead cost variance. These costs are the differences between the actual cost incurred and the set cost. These variances help managers to know if the company is meeting up to the required standard.
Answer – PUBLICITY
A business owner featured on a local newspaper to share his
or her success story is being offered the opportunity to promote his or her
business through publicity. This is because the article published about him or
her will <span>build some measure of public awareness
about his or her products, services or/and expertise.</span>
Answer:
Account and Settings > Expenses > Purchase orders
Explanation:
Answer:
a. Calculate the net present value.
b. Calculate the internal rate of return
c. Calculate the accrual accounting rate of return based on the net initial investment.
d. Calculate the accrual accounting rate of return based on the average investment.
Explanation:
machine cost $225,000
useful life = 10 years
salvage value = $3,000
cash flow per year = $48,500
additional working capital = $39,000
discount rate 10%
I used an excel spreadsheet because is not enough room here:
Answer:
B) unitary elastic.
Explanation:
Elastic demand describes how sensitive the demand for a product is to changes in prices. A good or service whose demand changes as a result of a change in price is said to be price elastic. When a product does not react to price changes, it is said to be price inelastic.
Unitary elastic demand is when a change in price results in a propositional change in demand in the opposite direction. A percentage change in price causes a similar percentage change in demand. An increase in price leads to a decrease in demand by the same degree, while a reduction in price will result in a proportionate increase in demand.
