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vladimir2022 [97]
3 years ago
9

Photo Framing's cost formula for its supplies cost is $1,090 per month plus $19 per frame. For the month of November, the compan

y planned for activity of 619 frames, but the actual level of activity was 609 frames. The actual supplies cost for the month was $13,050. The spending variance for supplies cost in November would be closest to:
Business
2 answers:
Zepler [3.9K]3 years ago
5 0

Answer:

Spending Variance    $389   Unfavorable

Explanation:

<em>The spending variance is the difference between the standard cost allowed for the actual level of activity and the actual cost incurred.</em>

                                                                              $

Standard allowance ($19× 609) + 1090         12,661    

Actual cost                                                        1<u>3,050</u>

Spending Variance                                           <u>  389   Unfavorable</u>

VikaD [51]3 years ago
4 0

Answer:

$389 U

Explanation:

Photo Framing's

Actual result $13,050

Less Flexible budget

($1,090+$11,571) $12,661

(Supplies cost is $1,090

+ $19 per frame ×actual level of activity

609 frame)

Spending variance $389 U

Therefore the spending variance for supplies cost in November would be closest to: $389 U

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Answer:

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Explanation:

marginal propensity to consume Can be regarded as the increase in pay that is been consumer experience on the purchasing of products which is just a part at aggregate. Instead of consumer to save

We are told that income rises from $46,000 to $48,000.

The difference= $48,000-$46,000= $2000

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=1000/2000=0.5

Therefore, the MPC is 0.5

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Explanation:

Protective covenants are designed primarily to protect bondholders from future actions of bond issuer. They are also part of a loan agreement that limits certain actions a company may take during the course of the loan to protect the person who lend the money interests. They provide extra protection for the investors. Creditors use it to protect their interests by restricting certain activities of the issuer that could endanger the creditor's interest.

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