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:
C) Capital market instruments include both long-term debt and common stocks.
Explanation:
Capital market instruments include several types of financial instruments like stocks, bonds, US securities, foreign exchange, etc.
Since these financial instruments are basically debt and equity instruments, they are called securities. So another term used to refer to capital markets is the securities market. Capital markets are divided into two main classifications: primary markets where recently issued securities are traded, and secondary markets where investors trade previously acquired securities.
Answer:
$50? ($150 is not the correct answer)
Explanation:
You could either
1. multiply $15x104 (number of weeks in 2 years) $15x104= $1560 or
2. you can figure out how much you would save in a month ($15x4weeks=$60) and then multiply it by 24 (number of months in 2 years)
($15x4)x24= $1440
I think the first one is your best bet because sometimes there are 5 weeks instead of 4 weeks in a month and we only did the math as if there were only 4 weeks in every month.
