Answer:
Overhead volume variance= $1000 unfavorable
Explanation:
Giving the following information:
Actual total factory overhead incurred $ 28,875 Standard factory overhead: Variable overhead $ 2.10 per unit produced Fixed overhead ($11,200/11,200 predicted units to be produced) $ 1.00 per unit Predicted units to produce 11,200 units Actual units produced 10,200 units.
Overhead volume variance= fixed overhead rate*(Normal capacity - standard capacity)
Fixed overhead rate= $1 per unit
Standard capacity= 11,200 units
Normal capacity= 10,200
Overhead volume variance= 1*(10,200 - 11,200)= $1000 unfavorable
To get the total insurance premium, just add the three premiums:
Total premium = liability + collision + comprehensive
where:
liability = $510
collision = $220
comprehensive = $ 130
Total premium = $510+$220+$130
=$860
The total premium for the car insurance is $830 which covers the liability, collision and comprehensive (natural disasters, fire, theft, falling objects, vandalism)
The correct answer is Overconfidence bias
Explanation:
Overconfidence bias is the result of an excessive and unrealistic estimation of one's skills, knowledge, ideas, etc even to the point the individual considers himself better than others or does not have an objective perception about himself. This type of bias can lead to negative consequences, for example, by overestimating his ability to pass a test a student might choose not to study at all and then fail the test. Moreover, this can be avoided by assessing realistically one's skills, judgments, etc. According to this, the type of bias that can be avoided is overconfidence bias.
Answer:
hey aleks.
Explanation:
Look you know how you people ask if youre fine and youre not fine but you say your fine but they wont understan-
sorry depressing mode took of me!
OK WHERE WERE WE.....zzzzzzzz
ZZZZZZZZZzzzzzzZZ
Answer:
The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold, the same effects would occur if the insurance costs were chargeable to expense as a period cost
Explanation:
Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.
