Answer:
$38,750 Favorable
Explanation:
Fixed overhead absorption rate:
= Fixed Overhead Costs for March (static budget) ÷ Production(static budget)
= $387,500 ÷ 31,000
= 12.5 per unit
Fixed overhead production−volume variance:
= Amount actually applied - Amount budgeted
= (12.5 × 34,100) - $387,500
= $426,250 - $387,500
= $38,750 Favorable
The knowledge that employees can typically learn only through experience is called Tacit knowledge. Unlike Explicit knowledge, Tacit knowledge is not easily communicated Often very difficult to explain how/why you have this knowledge.Explicit knowledge is relatively easily communicated knowledge; the kind of information you are likely to think about when you picture someone sitting down at a desk to learn.
Answer:
The correct answer is A. purchase inventory from vendors
Explanation:
The inventory is a detailed, orderly and valued relationship of the elements that make up the assets of a company or person at a given time. In the past, it was normal for inventories to be carried out by physical means (they were written on paper), but now they are usually kept in databases centrally to an entire company, even if there are companies or small stores that continue doing so with paper.
The inventory is:
-
detailed because the characteristics of each of the elements that make up the heritage are specified.
- ordered because it groups the assets in their corresponding accounts and the accounts in their assets.
- valued because the value of each asset is expressed in monetary units.
Correct option: real value
The real value is the value of something (any product or service) in terms of other product or service while Nominal value is the value of something in terms of money. Here the value of college tuition which is a service is equal to the cost of Toyota Camry which is a product. Since the value of a service is equal to the value of a product, this is an example of real value.
