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An annuity is a series of payments made at even intervals. Examples of annuities include fixed deposits into savings accounts, monthly mortgage payments, monthly insurance payments, and annuity payments. Annuities can be classified by the frequency of payment dates.
Payments (deposits) can be made weekly, monthly, quarterly, yearly, or at other regular intervals. Annuities can be calculated by a mathematical function known as the "annuity function".
An annuity that provides payment for the rest of your life is an annuity.
There are three main types of annuities: fixed, variable, and index, each with its own level of risk and payout potential. Income from annuities is generally taxed at regular income tax rates rather than at the lower long-term capital gains tax rate.
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Answer:
Amount in flexible budget of cost of direct material for the month of November shall be $93,456
Explanation:
Flexible budget is the budget prepared based on actual level of output, in relation to standard cost as estimated.
Here, for the month of November
Actual activity = 7,920 units
Standard material cost = $11.80 per unit
Amount in flexible budget based on actual quantity of output shall be
7,920 
$11.80 = $93,456
Actual cost = $93,926
Therefore, amount in flexible budget of cost of direct material for the month of November shall be $93,456
Marginal cost will boost add up to benefit by expanding benefit for each gathering independently.
The expansion or diminishing in the aggregate cost of a generation keep running for making one extra unit of a thing. It is processed in circumstances where the breakeven point has been achieved: the settled expenses have just been consumed by the as of now created things and just the immediate (variable) costs must be represented.
