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MAXImum [283]
3 years ago
6

Data used in budgeting: Fixed element per month Variable element per tenant-day Revenue - $ 34.50 Wages and salaries $ 2,500 $ 7

.50 Food and supplies 1,500 14.00 Facility expenses 8,000 3.00 Administrative expenses 6,500 0.60 Total expenses $ 18,500 $ 25.10 Actual results for March: Revenue $ 121,234 Wages and salaries $ 28,550 Food and supplies $ 53,125 Facility expenses $ 18,250 Administrative expenses $ 7,095 The revenue variance for March would be closest to:
Business
1 answer:
zheka24 [161]3 years ago
3 0

Answer:

$4,001 unfavorable

Explanation:

The computation of the revenue variance is shown below:

Revenue variance = Revenue at Flexible budget - Actual revenue

where,

Revenue at flexible budget is

= 3,630 × $34.50

= $125,235

And, the actual revenue is $121,234

So, the revenue variance is

= $125,235 - $121,234

= $4,001 unfavorable

We simply deduct the actual revenue from the flexible budget revenue so that the revenue variance could come

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7 0
3 years ago
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For each of the following scenarios, determine whether the situation described can be attributed to the real-balances effect, th
aksik [14]

Answer:

A)Interest-rate effect

B)Real-balances effect

Explanation:

✓The interest rate effect can be regarded as change in borrowing as well as spending behaviors as a consequence or result of adjustment of interest rate. As a general rule, interest are been set by central bank of the nation, then consumer banks will then extend similar interest rates across their customers. For instance

As a result of an increase in the price level, the cost of borrowing increases, which causes people to buy fewer cars.

✓ In economics, real balance effect can be regarded as "Pigou effect" which can be regarded as stimulation of output as well as employment which is been caused as a result of increased consumption through a rise in real balances of wealth, especially during time of deflation. Instance of this is

When the price level decreases, restaurants become busier as more people purchase restaurant meals.

3 0
3 years ago
Which of the following is a “DO” regarding scannable resumes
Ratling [72]
Average recruiters eliminates a lot of applicants by scanning their resumes and find some keywords in the resume here are some "DO" things that should be in your resume :
- make it a text based format, don't rely on picture and graph since it cannot be scanned
- AVOID any typos
- do not use text box, since the scanner will categorized as graph

Hope this helps
5 0
3 years ago
Lions Incorporation produces two different products (Product A and Product X) using two different activities: Machining, which u
iren2701 [21]

Answer:

Lions Incorporation

The amount of Machining cost assigned to Product X is:

= $663,000.

Explanation:

a) Data and Calculations:

                                          Product A             Product X             Total

Activities used                  Machining             Inspection

Activity driver                    Machine hours     Number of batches

Activity rate                       $170/ mh              $510/ batch

Usage of activity drivers:

Machine hours                 1,900                     3,900                      5,800

Number of batches              45                          22                            67

The amount of Machining cost assigned to Product X:

= 3,900 * $170 = $663,000

6 0
2 years ago
Which of the following illustrates economies of scale , diseconomies of scale , and constant returns to scale ?
Lerok [7]

Answer: d. Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale

Explanation:

Economies of scale occurs when the increase in production by companies brings about a reduction in cost. Diseconomies of scale is when a rise in production leads to an increase in cost as well. For a constant return to scale, the cost remains the same.

Therefore, the answer will be option D "Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scale".

4 0
3 years ago
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