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Answer:
e. Working to ensure that all variances are favorable.
Explanation:
the steps in effective management of variance analysis
Identifying questions and their explanations
Preparing standard cost performance reports
Taking corrective and strategic actions
Computing and analyzing variances
So the option is E.
Working to ensure that all variances are favorable.
Answer: a. Gary recognizes a $1,000 LTCG
Explanation:
Long Term Capital Gain is calculated by the formula:
= Distribution from company - Basis in stock - Ordinary income earned during the year
= 16,000 - 4,000 - 11,000
= $1,000
First statement is therefore correct that Gary would recognize an LTCG of $1,000.
Answer:
Check the explanation
Explanation:
Alternative A
Let the break even point be X, then
Total Revenue = Total Expense
60*X = (300000 + 25*X)
35*X = 300000
X = 8571.43 Units
Alternative B
Let the break even point be Y, then
60*Y = (250000 + 30*Y)
30*Y = 250000
Y = 8333.33 Units
