Answer:
the price is high when the demand is high and low when the demand is low
Social Security and Medicare benefits to elderly and retired people.
Answer:
The correct answer is Inventory turnover.
Explanation:
It is an accounting quantity that aggregates all the income that a company or accounting unit has had, due to its ordinary activity, in a given period of time.
Revenues are accounted for when they are made independently of the monetary flow, that is, the moment of payment is not taken into account. In addition, the volume of sales or business is increased as the activity grows on the part of the company and not when monetary contributions are produced by the partners.
Answer:
Variable overhead efficiency variance = $408 Favorable
Explanation:
<em>Variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected. </em>
Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance
Hours
3,400 units should have taken (3,400×0.4 hours) 1,360
but did take <u> 1,190</u>
Labour hours variance 170 favorable
Standard variable overhead rate × <u>$ 2.40 </u>per hour
Variable overhead efficiency variance <u>$408</u>Favorable
Variable overhead efficiency variance = $408 Favorable
Beginning balance: $350,200
add net income: $467,987
subtract dividend: $110,109
ending balance: ^^^^^^^
$110,109 is your answer