<u>Solution and Explanation:</u>
The following table has been made in order to find out the total variance cost that has been incurred and the total cost
<u>Particulars</u> <u>Cost formula based</u> <u>Flexible budget </u> <u>Actual</u> <u>Variance</u>
<u> on 50000 units</u> <u>on the basis of </u>
<u>60000 unit</u>
Direct materials $2 120000 $110000 10000 F
The direct labour $1 60000 60000 0
Variable overhead $1.5 90000 100000 10000 U
Fixed overhead $100000 100000 97000 3000 F
The total cost 370000 367000 3000 F
Where F stands for – favourable and U stands for unfavourable
The total variance cost after the above calculations is = $3000 F
Answer:
$150,000 loss
Explanation:
The computation of the discontinued operation is shown below:
= operating income - loss on the sale of an asset
= $210,000 - $360,000
= $150,000 loss
where,
The Book value of asset - sale value of asset denotes the loss on the sale of the assets
In mathematically,
loss on the sale of assets = Book value of an asset - sale value of the asset
= $1,281,000 - $921,000
= $360,000 loss
Answer:
Bonds are different from stocks because bonds promise fixed payments for the length of their maturity.
Explanation:
The stocks and binds differ in a way that the payments on stocks are variable and subject to many factors such as Net income and dividends which are variable. On the other hand, the bonds carry a fixed payment and this payment is made whether a company is making a profit or not and this doesnot change.
Answer:
The correct answer is letter "B": Domestic.
Explanation:
Regardless of the type of entity, <em>Limited Liability Companies</em> (LLCs), <em>Limited Partnerships</em> (LPs), and <em>Limited Liability Partnerships</em> (LLPs), organizations that operate in the state where they were incorporated are called domestic. For example, if an LLP is formed in New York, the LLP will be considered a domestic entity within the state of New York.
Answer:
Explanation:
Agriculture is important occupation throughout the world because it is like a backbone to all other occupations and especially its important for we humans to survive. If there is no agriculture then there will not be any healthy population to support any other occupation and hence a very poor world.