Answer:
The correct answer is "-$7200 (Unfavorable)".
Explanation:
Given:
Actual quantity,
= 54000 pounds
Standard price,
= $3 per pound
Standard quantity,
= 
= 
As we know,
⇒
By substituting the values, we get
⇒ 
⇒ 
⇒ 
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Answer:
Bias
Explanation:
Bias is a preference towards something do to ignorance. he is being biased becuase he never goes to other stores to see if they are better
Answer:
$240 Favorable
Explanation:
Cost as per standard
Fixed per month = $3,320
Per frame = $16
Cost for 1049 frames = $3,320 + ($16
1049)
= $3,320 + $16,784 = $20,104
Actual Supplies cost = $19,864
Spending Variance = Standard Cost - Actual Cost
Spending Variance = $20,104 - $19,864 = $240 Favorable
As we see actual cost is less than standard the variance is favorable.
$240 Favorable
Answer and Explanation:
The computation of the return on investment is shown below;
We know that
Return on Investment is
= (Net Income ÷ Average Operating Assets] × 100
For Electronics
= [$29,16,000 ÷ 162,00,000] × 100
= 18%
And,
For Sporting goods
= [$20,74,000 ÷ 122,00,000] × 100
= 17%
So here the electronics department should be selected as it has high return on investment