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Georgia [21]
3 years ago
14

Maria's initial project budget was increased from $16,000 to $18,000. What was the variance from the initial budget?

Business
2 answers:
4vir4ik [10]3 years ago
7 0
The correct answer to the question is d 12.50
Ira Lisetskai [31]3 years ago
4 0

Answer:

D. 12.50%

Explanation:

Initial budgeted amount = $16,000

Final budgeted amount = $18,000

Change in amount budgeted  = $18,000 - $16,000 = $2,000

Variance from initial budget is the ratio of the change in the budgeted amount to the initial amount budgeted expressed as a percentage.

Therefore,

Variance = (2000/16000) × 100%

               = 12.5%

Option D. 12.50% is right.

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A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewha
AlekseyPX

Answer:

The correct answer is: monopolistic competition.

Explanation:

There is monopolistic competition in markets that have many companies offering similar products or services. Restaurants, grocery stores, and clothing stores, for example. Such similar products and services are not ideal substitutes for each other. In these industries the barrier to entry and exit is low.

8 0
3 years ago
Prestwich Corporation has two service departments and two operating departments. Costs of the Building and Grounds service depar
shepuryov [24]

Answer:

$20,880

Explanation:

Under the direct method we ignore services that are provided to the other service departments.

In order to allocate the building operation costs to Operating department A, we need to determine what percentage of the building space taken up by Operating departments is used by Operation Department A.

There is a total of 50000 square feet and Operating Department A occupies 60%(30000/50000 of that.

So Operating Department A will get 60% of the building costs

  i.e., 60% × 34800 = 20,880

7 0
3 years ago
When sales exceed production, the net operating income reported under variable costing generally will be:_____.
padilas [110]

When sales exceed production, the net operating income reported under variable costing generally will be <u>greater than the net operating income reported under absorption costing</u>.

Under variable costing, constant manufacturing overhead fee is handled as product cost. If the range of devices produced exceeds the range of gadgets sold, then net operating income under absorption costing will: be extra than net operating earnings underneath variable costing.

Variable costing is a concept used in managerial and cost accounting wherein the fixed production overhead is excluded from the product price of manufacturing. The technique contrasts with absorption costing, in which the fixed manufacturing overhead is allotted to products produced.

Absorption costing, once in a while known as “full costing,” is a managerial accounting technique for taking pictures of all prices associated with manufacturing a selected product. The direct and oblique costs, together with direct substances, direct exertions, leases, and insurance, are accounted for with the aid of the use of this method.

Learn more about Absorption costing here brainly.com/question/26276034

#SPJ4

6 0
1 year ago
As rationing mechanisms, prices options: a. are efficient, but long lines are inefficient. b. and long lines are inefficient. c.
valentina_108 [34]

Answer:

a. are efficient, but long lines are inefficient

Explanation:

A rationing mechanism is a system in which who gets how many goods during a shortage is carefully chosen, in order to do these long lines are used even though they are inefficient.

I hope you find this information useful and interesting! Good luck!

4 0
2 years ago
How do future expectations of an improving economy affect aggregate demand
Vanyuwa [196]

Answer:

Increase the aggregate demand. This means, that the total demand for goods and services within a particular market will increase

Explanation:

The future expectations of an improving economy increase the aggregate demand. This means, that the total demand for goods and services within a particular market will increase as there is more trust in the market.

The rise in the income is another important factor for the aggregate demand to increase. With improving expectations the consumers will think that they income will improve and therefore their consumption levels.

3 0
3 years ago
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