Answer:
$3,600 unfavorable
Explanation:
Given:
Standard material price = $9 per square foot
Actual material price = $9.2 per square foot
Standard material = 3 square feet
Standard material allowed = 1,000 × 3 = 3,000 square feet
Actual material used = 3,400 square feet
Direct material quantity variance = (Standard material allowed - Actual) × Standard price per unit
= (3000 - 3400) × 9
= $3,600 unfavorable
Actual material used is more than standard material allowed, so variance is unfavorable.
The fundamental differences between static and flexible budgets<span> are that a </span>static budget<span> does not change as volume changes whereas a </span>flexible budget changes line values to reflect the level of activity.<span> In a </span>flexible budget<span> the percentage remains the same while the values change to reflect changes in output.</span>
Answer:
D. bundling the goods
Explanation:
The company in this case is being discreet to the needs of its consumers.
Inorder to kill two birds with one stone; meaning to meet their consumers value for good X and Y they could make more profits by selling them together as a package.
By doing so both Catherine and Ben would purchase same package, reducing the costs of producing separate products for the company.
The answer is: C.accrual basis of accounting
Accrual basis of accounting would record a certain transaction as soon as it happen, even though an exchange of payment has not been made. Compared to any other basis, accrued basis tend to the most likely to represent the actual financial condition of a company. This is why this basis is used as the current industry standard.
Answer:
B) increase the risk a bank faces.
Explanation:
Off-balance sheet activities include all the bank's activities regarding assets, debts or other financing activities that are not presented in the bank's balance sheet, e.g. issuance of guarantees, commitments to make loans, etc.
Banks incur in this type of activities because generally they charge fees for them (increase revenue) without affecting measures of indebtedness like debt to equity ratio.
