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RSB [31]
3 years ago
6

Claymore Corp. has the following information about its standards and production activity for September. The volume variance is:

________
Actual total factory overhead incurred $32,710
Standard factory overhead:
Variable overhead $4.70 per unit produced
Fixed overhead ($12,250/4,900 estimated units to be produced) $2.50 per unit
Actual units produced 3,800 units
Business
1 answer:
Serhud [2]3 years ago
7 0

Answer: $2,200 Unfavorable

Explanation:

Volume variance is the difference between actual and budgeted output so can be calculated by;

= (Budgeted output - Actual output) * overhead rate

= (4,900 - 3,800) * 2

= $2,200 Unfavorable

<em>Unfavorable because they produced less than the budget indicated that they would. </em>

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Blythe Corp. is a defendant in a lawsuit. Blythe's attorneys believe it is reasonably possible that the suit will require Blythe
8090 [49]

Answer:

The entry is not required because the outcome is reasonably possible, not certain or probable. So IAS 37 says that the liability must not be recognized as the outcome is not reasonably certain or probable.

Explanation:

The liability must be included in the financial statement only if the outcome is certain or probable. In this scenario, the outcome is reasonably possible but neither certain nor probable in this situation. So the entry in the financial statement is not required. If the liability is of a huge amount then IAS 37 says that their must be a disclosure in the financial statement notes about the lawsuit.

7 0
4 years ago
Read 2 more answers
You own a portfolio that has $2,100 invested in Stock A and $3,200 invested in Stock B. If the expected returns on these stocks
BigorU [14]
Stock A: $2,100, 13%
Stock B: $3,200 17%

Stock A-> 2100 x .13 = 273
Stock B -> 3200 x .17 = 544

Add
273 + 544 = 817

Expected return is $817
4 0
3 years ago
Why do infomercials use both strong and weak arguments? to appeal to both high and low involvement consumers because it is neces
Vesna [10]

Answer:

The correct answer is letter "A": to appeal to both high and low involvement consumers.

Explanation:

Strong arguments are those that provide probable support for an idea. Weak arguments fail to provide support for different matters. Then, when talking about marketing, strong arguments are more likely to engage consumers with a product while weak arguments can attract consumers at low levels but the ideas lack reliability.

Thus,<em> infomercials can make use of both strong and weak arguments at different levels of consumer involvement.</em>

4 0
3 years ago
Which of the following statements about price wars is true?Multiple Choice a. Firms that have to deal with the possibility of pr
Nimfa-mama [501]

Answer:

d. Firms that have to deal with the possibility of price wars often have sticky prices.

Explanation:

Prices are one of the key factors for the demand and supply in any economy.

If the prices are favorable to producers, it is benefit to them, and then they supply a high quantity, whereas the demand decreases.

When a firm tends to believe to have some price wars, basically not the price the supplier wants, or the industry is against the price determined by the supplier then, the firm chooses to use stick price. That the price do not fluctuate, and gets fixed with as the firm is not ready to supply below a certain level of price.

6 0
3 years ago
Which of the following is true?
pentagon [3]

Answer:

c.Rents occur at the beginning of each period of an annuity due.

Explanation:

First, know the difference between Ordinary annuity and Annuity due.

In Ordinary annuity, recurring payments occur at the end of the payment period; for example at the end of every month, end of ever year , end of every quarter etc.

On the other hand, in the case of Annuity due, the recurring payments occur at the beginning of the period like at the beginning of the month, beginning of the year;Jan 1st, or beginning of every quarter

In the case of rent, tenants pay rent at the beginning of each month making this type of payment an Annuity Due.

3 0
3 years ago
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