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Mkey [24]
3 years ago
9

We've talked a lot about "fixed" and "variable" expenses. We've talked about the way these expenses impact your budget and your

savings. We also talked about one big thing you can do about variable expenses that you cannot usually do about your fixed expenses. What was the big thing you can do?

Business
1 answer:
eimsori [14]3 years ago
6 0

Answer:c

Explanation:

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Levine Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct
FinnZ [79.3K]

Answer:

Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)

= 2,850 - (230 * 14.4)

= 462 (Favourable)

Materials price variance = (Standard price - Actual price) * Actual quantity

= [1.8 - (2,850/1,500)] * 1,500

= 150 Unfavourable

Materials quantity variance = (Standard quantity - Actual quantity) * Standard price

= [(230 * 8) - 1,500] * 1.8

= 612 Favourable

Total labour variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)

= 19,458 - (230 * 84)

= 138 Unfavourable

Labour price variance = (Standard rate - Actual rate) *  Actual hours

= [14 - (19,458/1,410)] * 1,410

= 282 Favourable

Labour quantity variance = (Standard hours - Actual hours) * Standard rate

= [(230 * 6) - 1,410] * 14

= 420 Unfavourable

6 0
3 years ago
Capitalizing goodwill only when it is purchased in an arm's-length transaction, and not capitalizing any goodwill generated inte
stiv31 [10]

Answer:

The correct answer is (C)

Explanation:

They are the two crucial characteristics that are general used to make accounting data more useful to make long-term decisions. To be exact, faithful representation helps to attain the relevant data for the company and this quality enhances the reliability of financial data. Completeness, fairness and free of error these three characteristic are a part of faithful representation of data.

7 0
3 years ago
indicate whether the following statement is true or false and why." a wage rising slower than the rate of inflation is actually
Artemon [7]

Answer:

The correct answer is option c.

Explanation:

Inflation implies an increase in the general price level. It reduces the purchasing power of consumers.  

If the wages are increasing slower than the rate as inflation it means that the disposable income is increasing at a slower rate than the increase in prices. It implies that purchasing power is declining.  

If wages are increasing at the same rate as inflation, it means that the purchasing power is constant. If wages are increasing at a faster rate than the increase in the inflation rate, it means that the purchasing power is increasing.

6 0
3 years ago
Ten years ago, Oanh bought a house for $200,000 in Chico. She put in a cash down payment of $40,000 and took out a loan for $160
krok68 [10]

Answer:

The amount of equity Oanh have in her house is $300,000.

Explanation:

Equity can be described as the difference between the amount that is owed on a mortgage and the current worth of the home.

For this question, the amount of equity Oanh have in her house can be calculated as follows:

Loan amount = $160,000

Part of the loan paid = $60,000

Current worth of the house = $400,000

Amount owed = Loan amount - Part of the loan paid = $160,000 - $60,000 = $100,000

Equity = Current worth of the house - Amount owed = $400,000 - $100,000 = $300,000

Therefore, the amount of equity Oanh have in her house is $300,000.

5 0
3 years ago
Maria goes to a concert after her mother asked her not to go. The ticket price was $100, and Maria's mom found out and now doesn
igomit [66]

Answer:

Her mother's trust

Explanation:Since opportunity cost is summarily defined as the value of something that must be put on the line in order to acquire or achieve something else, the opportunity cost for maria choosing to go to the concert is her mother's trust. In other words, she gave up her mother's trust to attend the concert.

6 0
3 years ago
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