Answer:
The correct answer is the option A: static budget (based on planned volume) and actual revenue or cost.
Explanation:
To begin with, the name of "Sales volume variance" refers to a method used in the business and accounting field with the main purpose of obtaining the comparison between the planned sales and the actual sales. It does it by stating that the difference between those two multiply by the budget price of the product will result in the variance itself. The goal of this method is to measure the sales performance and to see if there are no mathces with the expected revenues then the company has to take a lead and do something about it.
Answer: The managers of Kendall’s Home Decorators are making a projection for the future, also known as a <em><u>forecast.</u></em>
<em>Forecasting is know as the technique of predicting future supported on past and present event or data , commonly done by analyzing trends. </em>
<em>Here in this case the managers of Kendall’s Home Decorators are predicting the demand.</em>
<u><em>Therefore the correct option is (a)</em></u>
Answer:
The labor rate variance for the month = $1890
Explanation:
Given values:
Standard labor hour per unit = 3.3 hours
Standard labor rate = $16.15 per hour
Actual hours worked = 6,300
Actual total labor cost = $103,635
Actual output = 2,000 units
Now, we calculate the labor rate variance with the help of given information. Below is the calculation of Labor rate variance.
Labor rate variance = ( Actual labor cost) – (Standard rate × Actual hours)
= 103635 – (16.15 × 6,300)
= $1890
Answer: World-system theory
Explanation:
World-system theory are various approach to how past events in the world played out alongside social changes and it's impact on the people.
They are many claims the rich make their wealth off the poor, many of those claims could be true, as we are surrounded with a few rich and many struggling person's in the society. These theories and many more which tell how past events play out is known to be World-system theory.
