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4 years ago

Variance analysis is important to the management because:_____.

Business

1 answer:

Alex_Xolod [135]4 years ago

8 0

Answer:

D. All of the answers are correct.

Explanation:

Given that Variance Analysis is a form of measuring and controlling methods used by a business management team to maintain and monitor the firm's planned cost and sales with the eventual outcome of cost spent and sales generated.

To achieve this, the process helps in determining the disparity between the actual costs of budgeted costs.

It also helps them to know which department is more productive and

It also helps to discover where the problems or difficulties exist in the production process

Hence, in this case, the correct answer is option D, All of the above. Because the option A to C satisfies the answer.

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Boxer Company owned 16,000 shares of King Company that were purchased in 2016 for $440,000. On May 1, 2018, Boxer declared a pro

Serjik [45]

Answer:

By 110,000 the retained earnings reduced by the property dividend.

Explanation:

Retained Earnings: The retained earnings is that earnings which is left after all payments relating to the business expenses, shareholder dividend. The earnings which is to be retained so that it can come in use in near future.

For retained earning calculation, the stock market value is recorded when the date is declared not on distribution date.

So, the calculation is computed below:

As the 50,000 shares is given for every 10 shares. So, first we have to compute for 1 share which comes by dividing shares to number of shares i.e. 50,000 shares ÷ 10 shares = 5,000 for 1 share.

Now, multiply by market value which comes = 5,000 × $22 = $110,000.

So, by 110,000 the retained earnings reduced by the property dividend.

4 0

3 years ago

Mattel Inc.'s2016 financial statements show operating profit before interest and tax of $519,233 thousand, net income of $318,02

Sophie [7]

Answer:

A. 22.4%

Explanation:

Income TAXES

Operating profit before interest and tax $ 519.233

Net nonoperating expense before tax -$ 109.491

Subtotal $ 409.742

Provision for income taxes -$ 91.720 -22,4%

Net Income $ 318.022

3 0

3 years ago

What is the policy that allows business to operate with little or no government interference?

Feliz [49]

The answer is most like a Market Economy

7 0

3 years ago

Oriole Inc manufactures model airplanes and repair kits. The planes account for 75% of the sales mix, and the kits the remainder

mihalych1998 [28]

Answer:

Break-even point (dollars)= $480,000

Explanation:

Giving the following information:

Fixed costs are $114000.

Sales mix:

Planes= 0.75

Kits= 0.25

Contribution margin ratio:

Planes= 0.20

Kits= 0.35

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= Total fixed costs / Weighted average contribution margin ratio

Weighted average contribution margin ratio= sales mix*contribution margin ratio

Weighted average contribution margin ratio= 0.75*0.2 + 0.25*0.35

Weighted average contribution margin ratio= 0.2375

Break-even point (dollars)= 114,000/0.2375

Break-even point (dollars)= $480,000

8 0

4 years ago

Axelia Corporation has two divisions, Refining and Extraction. The company's primary product is Luboil Oil. Each division's c

serg [7]

Answer:

Transfer price = $19.2

Explanation:

The transfer price is the price at which goods are exchanged between the divisions of the same group.

The transfer price is stated to be 120% of the full cost

Full cost of extraction = Variable cost + fixed cost

= $ 12 + $ 4 = $16 per barrel

Transfer price = 120%× $16 = $19.2

3 0

4 years ago