Answer:
Variance (Unfavorable) (NZD 340,000)
Explanation:
Budget Variance using exchange rate projected at the time of budget
Budget Actual Variance Exc. Rate Variance in NZD
MYR MYR
Revenue 12000000 11000000 -1000000 0.34 -340000
Expenses 9000000 9000000 0 0.34 0
Profit 3000000 2000000 -1000000 0.34 -340000
Answer:
The correct answer is D. Because the nominal interest rate includes an inflation premium.
Explanation:
If the prices of many of the items we buy go up, we lose purchasing power. In other words, with the money we have - income and savings - we cannot buy as much as before. This can trigger an upward spiral of prices. If everything becomes more expensive, we may have to request a salary increase from our company. To finance the increase in staff salaries, the company could react by raising its prices. If this happens in many companies, the prices of many items will rise more, which will feed the spiral. This situation makes planning savings and investments more difficult for individuals and businesses. In the face of a rapid loss of value, the public can lose confidence in the currency. These are just a few examples of the negative effects of high inflation rates.
Answer:
$24,160 favorable
Explanation:
The computation of the total contribution margin sales volume variance is given below:
The Budgeted contribution margin per pound of MT is
= $40 - $20
= $20 per pound
Now the budgeted contribution margin per pound of ET is
= $60 - $30
= $24 per pound
MT's contribution margin sales volume variance is
= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound
= (3960 - 4000) × $20
= $800 Unfavorable
ET's contribution margin sales volume variance is
= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound
= (5,040 - 4000) × $24
= $24,960 favorable
Now the total contribution margin sales volume is
= $800 unfavorable + $24,960 favorable
= $24,160 favorable
A feds sell to private banks
