Answer:
$2,000 favorable
Explanation:
The computation is shown below:
= Actual overhead cost - budgeted flexible costs
where,
Actual overhead cost = $250,000
And, the budgeted flexible cost would be
= Number of units produced × variable cost per unit + fixed cost
= 9,000 units × $8 + $180,000
= $72,000 + $180,000
= $252,000
The variable cost per unit would be
= $64,000 ÷ 8,000 units
= $8
So, the difference would be
= $250,000 - $252,000
= $2,000 favorable
Answer: Association rule mining
Explanation:
The association rule mining is one of the procedure in which the various types of items in the association are get discovered and the main objective of the association rule mining is that it helps in observing the frequency and correlation in the database system.
It also helps in improving the decisions and also the various types of applications such as transactional and the relational database management system.
According to the given question, the given conclusion is basically obtain by using the association rule mining method for analyzing the data. Therefore, Association rule mining is the correct answer.
Answer:
$8,000
Explanation:
Given that,
Equipment:
Book value = $48,000
Estimated Undiscounted Cash Flows = $43,000
Fair value = $40,000
Building:
Book value = $81,000
Estimated Undiscounted Cash Flows = $83,000
Fair value = $78,000
Patent:
Book value = $43,000
Estimated Undiscounted Cash Flows = $47,000
Fair value = $45,000
From the above information, we can conclude that only the equipment is impaired as it is the only asset whose estimated future cash flows are less than its book value.
The impairment loss obtained from the asset is determined as the difference between the fair value and the book value.
Amount of loss should be recorded due to asset impairments:
= Book value - Fair value
= $48,000 - $40,000
= $8,000
