Answer:
1. The differences between actual and standard costs are called
__________
variances.
2. A favorable cost variance results when
actual cost is less than standard cost
Explanation:
The cost variance is the difference calculated when either the actual cost is less than the standard cost or the standard cost is less than the actual cost. If they are equal, there is no variance. Variance reporting helps management to initiate corrective measures. It helps to improve performance, output, or workers' productivity.
The ICS functional area that arrange for resources and needed services is known as logistics.
<h3>What is ICS?</h3>
ICS is an acronym for Incident Command System. It is a management system designed to enable effective and efficient domestic incident management.
The five major ICS functional areas are:
- Command
- Operations
- Planning
- Logistics
- Finance/administration.
Hence, Logistics as an ICS functional area is responsible for arranging for resources and needed services to support achievement of the incident objectives.
Learn more about ICS here : brainly.com/question/10695996
Answer:
Opportunity costs
Explanation:
An advantage, benefit, or benefit of something that must be offered up to obtain or accomplish something different. Since each resource can be put to elective uses, each activity, decision, or choice has a related open opportunity cost.
for instance, you invest energy and cash going out to see a film, you can't invest that time at home perusing a book, and you can't spend the cash on something different.
Answer:
Free Cash Flow = $4,213
Explanation:
As per the data given in the question,
Firm's free cash flow :
Tax rate = 25%
Net working capital =$6,850
Capital expenses = $15,250
Sales = $172,500
Operating costs other than depreciation = $140,500
Depreciation = $9,250
Operating income = $22,750
Now,
Operating income after tax ($22,750×75%) $17,063
Add: Depreciation $9,250
Less: Capital expenditure $15,250
Less: Working capital $6,850
Free Cash Flow $4,213
Answer:
B. All of these are correct.
Explanation:
- The restriction must not be more broad than is necessary to serve the substantial government interest.
- The restriction must directly advance the substantial government interest.
- The government interest that will be advanced by the restriction must be substantial.