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klio [65]
3 years ago
13

Which of the following variances are most similar with respect to the manner in which they are calculated? Multiple Choice Labor

rate variance and labor efficiency variance. Material price variance and material quantity variance. Material price variance, material quantity variance, and total material variance. Material price variance and labor efficiency variance. Material quantity variance and labor efficiency variance.
Business
1 answer:
ollegr [7]3 years ago
3 0

Answer:

Materials quantity variance and labor efficiency variance.

Explanation:

Material quantity variance is defined as the difference that exists between the actual amount of a material that is used in production and the expected amount to be used. It measures the efficiency with which a raw material is converted into product.

MQV is calculated by multiplying standard price of material by difference between standard quantity and actual quantity.

Labour efficienct rate on the other hand measure efficiency of using labour.

It is calculated by multiplying standard labour rate with difference between standard labour amount and actual labour amount.

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Frictional unemployment: Multiple Choice 1) refers to unemployment caused by friction between labor and management. 2) comes fro
koban [17]

Answer:

2) comes from people entering the labor force and changing jobs.

Example of frictional unemployment maybe someone quitting their job and searching for a new one.

Explanation:

6 0
3 years ago
on july 1, 2024, a company acquired equipment. the company paid $187,500 in cash on july 1, 2024, and signed a $750,000 noninter
MAXImum [283]

$700,935 and debit discount on notes payable a working year is the correct answer among the group of choices.

<h3>What are debits exactly?</h3>

A debit is an accounting system item that demonstrates a gain in assets and a decrease in liabilities. Debits and credits are the two categories into which the entries fall in basic accounting. Debits are always offset by credit entries.

<h3>Is debit debt or credit?</h3>

A credit increases the balance in a liabilities account whereas a debit decreases it. In this manner, the credit for the loan would equal the debit for the cash on hand account, increasing the long-term debt account by the same amount.

To know more about Debit visit:

brainly.com/question/12269231

#SPJ4

5 0
1 year ago
A flexible budget variance is $1,500 favorable for unit-related costs. This indicates that: A. actual costs were $1,500 more tha
lys-0071 [83]

Answer:

D. actual costs were $1,500 less than for the planned level of activity.

Explanation:

D. actual costs were $1,500 less than for the planned level of activity.

the budget depicted more $1500 expenses for certain units production.

4 0
3 years ago
Sam has two options this weekend. He could work at his job and earn $9/hour for three hours, or he could go to a show at the the
taurus [48]

Answer: $57

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

Opportunity cost of going to the theater:

Earning at work = $9 per hour × 3 hours

                          = $27

Theater ticket cost = $30

Therefore, total opportunity cost of going to the theater is as follows;

= Earning at work + Theater ticket cost

= $27 + $30

= $57

4 0
3 years ago
An investment that costs $105,000 today is expected to produce the following cash inflows over each of the next five years: $20,
bearhunter [10]

Answer: 1.89%

Explanation:

You can use Excel to find the IRR here:

Investment amount should be first as shown and should be in negative.

The cash flows will then follow each other by year.

Use the =IRR formula to select all the cells and the IRR will show.'

IRR here = 1.89%

6 0
2 years ago
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