Answer:
A. A groundbreaking idea, product, or method
Explanation:
Innovation refers to the process that leads to the formation of new ideas that has been been invented before. It refers to the fresh ideas that helps in attracting people inn terms of business. Idea generation helps in new development and thereby helps in the progress. The introduction of the idea from the existing resources helps in the formation of new ideas that take the shape of innovation.
Answer: a plantwide overhead rate based on direct labor hour is sometimes appropriate.
Explanation:
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Incomplete question :
Here is the full question below :
Comp Wiz sells computers. During May 2017, it sold 350 computers at a $1,200 average price each. The May 2017 fixed budget included sales of 365 computers at an average price of $1,100 each. AQ- Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price (1) Compute the sales price variance and the sales volume variance for May 2017 Flexibl AQ . Assuming the budgeted cost per unit under absorption costing system is $500
Answer:
Sales Price Variance = $35,000 F
Sales volume variance = $9000 A
Explanation:
Sales Price Variance(SPV)= (Actual selling price-Budgeted selling price)Actual sales volume.
SPV = ($1200-$1100)350
=$35,000 F (Favorable Variance)
Sales Volume Variance(SVV )=(Actual units sold-budgeted sales unit) standard profit
Standard Profit(SP) = $1100-$500
=$600
Hence, SVV= (350-365)$600
=$9000 A (Adverse Variance)
If you are asked to compute Total profit Variance (TPV), here it is below;
TPV = $35,000-$9000
= $26,000
Answer:
Blossom record $161,100 as cost of land.
Explanation:
Here, we are to calculate amount recorded as the cost of the land purchased by Blossom company.
We proceed mathematically;
From the question;
Calculation of land cost = cash payment + property tax value + Title and attorney fees + Grading cost
Cost of land = 150,000 + 5,200 + 2,000 + 3,900 = $161,100
Blossom record $161,100 as cost of land.