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3 years ago

LO 8.4The fixed factory overhead variance is caused by the difference between which of the following?

Business

2 answers:

allsm [11]3 years ago

7 0

Answer:

The fixed factory overhead variance is the difference between actual fixed overhead and applied fixed overhead.

The correct answer is C

Explanation:

The fixed factory overhead variance is the difference between applied fixed overhead and actual overhead. The applied fixed overhead is calculated as fixed overhead application rate multiplied by actual activity level. The fixed overhead application rate is the ratio of budgeted overhead to budgeted activity level.

Zanzabum3 years ago

5 0

Answer: The correct answer is "actual fixed overhead and applied fixed overhead".

Explanation: The fixed factory overhead variance is caused by the difference between actual fixed overhead and applied fixed overhead.

There are two types of variations, one is produced because it determines whether too much or too little is spent on fixed overhead; and the other is produced because the real production can be higher or lower than the expected level.

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An increase in current liabilities will have which one of the following effects, all else held constant? Assume all ratios have

sleet_krkn [62]

Answer:

decrease in the quick ratio

Explanation:

The quick ratio is the (cash + marketable securities + cash equivalents) divided by the current liabilities. In this question current liabilities are increasing and all other things are constant, which means in relation to the quick ratio the denominator which is current liabilities is increasing and the numerator is constant, this means that the quick ratio will decrease.

Lets assume that the cash + marketable securities + cash equivalents was 1,000 and current liabilities was 500. In this cash the quick was 1000/500=2

Now we assume current liabilities increase by 100 and are now 600 where as the numerator is the same.

1000/600=1.66

The new quick ratio is 1.66 which is less than 2.

8 0

4 years ago

Dahlia is trying to make partner at one of the city's most prestigious law firms. It is generally understood that associates rem

aleksandrvk [35]

Answer:

The answer is social norms.

Explanation:

Given:

Dahlia is trying to make partner at one of the city's most prestigious law firms. It is generally understood that associates remain hard at work in the office until at least 7 or 8 each evening. This is an element of the firm's ___________.

Now, to get the answer:

This is an element of the firm's social norms.

Social norms:

Social norms role are to guide behaviour in environment or in the society as an appropriate way. These are regarded as acceptable representations of group conduct or an individual conduct of any group.

Social norms in other way are some kind of system or rules that are used and prescribe to the people living in society for what to do or what not to.

As for example, not to drink or smoke in public or reduce its use as it it is injurious to health and life.

Therefore, the answer is social norms.

4 0

4 years ago

The 2021 income statement for Anderson TV and Appliance reported net sales of $260,000 and net income of $75,000. Average total

slavikrds [6]

Answer:

profit maring: 28.84%

ROA 15%

ROE 17.75%

Explanation:

profit margin:

$\frac{income}{sales}$

75,000 / 260,00 = 0,28846 = 28.84%

return on assets ROA

$\frac{income}{assets}$

75,000 / 500,000 = 0.15

return on equity: ROE

$\frac{income}{equity}$

average equity:

ending= beginning + income - dividends

400,000 + 75,000 - 30,000 = 445,000

(400,000 + 445,000) / 2 = 422,500

75,000 / 422,500 = 0,17751 = 17.75%

8 0

4 years ago

TIME REMAINING

MAXImum [283]

Answer:

The Constitution

Explanation:

In the United States, Article I, Section 8 of the Constitution gives Congress the power to "lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States. This is also referred to as the "Taxing and Spending Clause."

3 0

3 years ago

Country X's economy is in an inflationary gap. Which of the following combinations of fiscal and monetary policy actions would r

scoundrel [369]

Answer:

To restore full employment in the short run during an inflationary gap condition, the government has to apply contractionary fiscal and monetary policies that will reduce the supply of money.

Explanation:

An inflationary gap is an economic situation that is characterised by excess demand. Particularly it is that situation when the real gross domestic product of a country is greater than the projected gross domestic product. In this condition, actual aggregate demand is higher than potential aggregate demand implying that more goods and services are needed to satisfy consumers. From another perspective, this could be caused by a fall in aggregate supply while aggregate demand remains stable.

Government intervention in this case is to reduce the money supply by implementing contractionary fiscal policies such as increasing taxes, reducing government expenditure which in turn reduces disposable income. Contractionary monetary policies that could be applied include increasing short-term interest rates, increasing reserve requirements. Though this policies come in with some unwanted side effects such as unemployemnt, they however serve as short term adjustment measures for an inflationary gap condition.

6 0

3 years ago