Answer:
$114 Favorable
Explanation:
For computation of activity variance for personnel expenses first we will find out the planning budget and flexible budget which is shown below:-
Planning Budget = Fixed element of personnel expenses + (Budgeted Client visit × Variable element per client visit of personnel expenses)
= $30,500 + (3,800 × $11.40)
= $30,500 + $43,320
= $73,820
Flexible Budget = Fixed element of personnel expenses + (Actual Client visit × Variable element per client visit of personnel expenses)
= $30,500 + (3,790 × $11.40)
= $30,500 + $43,206
= $73,706
Activity variance = Planning Budget - Flexible Budget
= $73,820 - $73,706
= $114 Favorable
Answer:
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- <u><em>C. performance incentives</em></u>
Explanation:
<em>Pay structure</em> is one of the components of a compensation plan, i.e. those monetary values that the company gives the employees in exchange for their work.
The purpose of an employee who works for the<em> production department</em> is to produce. The value of the work of this employee would be in relation to his/her contribution to production goals.
The higher the <em>performance</em> of the employee working in the production deparment the more the value for the enterprise.
Thus, the enterprise would do good in rewarding the <em>performance</em> of this employee to encourage him/her to higher performance.
Therefore, it is important to <em>include performance incentives</em> in the <em>pay structure of the candidate who will begin working in the production department.</em>
Answer:
B) Materials quantity variance
Explanation:
Provided that actual and standard price per raw material is same, therefore the price variance will be 0 as there is no difference.
Also provided that actual quantity is more than budgeted, therefore there will be an impact on material quantity variance.
As Material Quantity Variance = (Standard Quantity - Actual Quantity)
Standard Price
Since here actual quantity will be more than standard, there will be an unfavorable variance.
Thus correct option is,
B) Materials quantity variance
P = 3/4, the probability that those under the age of 35 ate pizza for breakfast.
Therefore,
q = 1 - p = 1/4, the probability of those who did not eat pizza for breakfast.
n = 20, the sample size
The probability that exactly 16 of the 20 selected have eaten pizza for breakfast is
P(16 of 20) = ₂₀C₁₆ p¹⁶ q⁴
= 4845*(3/4)¹⁶*(1/4)⁴
= 0.1897
Answer: 0.19 (or 19%)
Answer:
Option A is correct
Explanation:
In the question above, we have:
- 15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000
A. The median price for the 15 vehicles was $13,000.
If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.