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yKpoI14uk [10]
2 years ago
15

A(n)______ variance occurs when management pays an amount different from the standard price to acquire the item.

Business
1 answer:
fenix001 [56]2 years ago
3 0

Answer:

The answer is "Spending".

Explanation:

A(n) variance in spending happens whenever management spends a quantity other than the standard cost of the products to be acquired.

The difference in expenditure is the gap between the real level as well as the expected amount (or budget) of spending. Overhead costs often include fixed costs, e.g. operating expenses.

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a power company decides to use wind turbines to provide electricity instead of coal. which basic economic question does this dec
Rufina [12.5K]

How will goods or services be produced? is the basic basic economic question does this decision answer in a free market economy.

<h3>What is a Market economy?</h3>

In a market economy, firms and individuals interact to determine how much goods and services should cost and how to best allocate scarce resources. This word often refers to an economy that is more market oriented overall, however there may be some government intervention or central planning.

Classical economists like Adam Smith, David Ricardo, and Jean-Baptiste Say created the theoretical framework for market economies. These traditional liberal proponents of the free market thought that the "invisible hand" of the profit motive and market incentives typically led economic decisions in directions that were more productive and efficient than government economic planning.

Learn more about market economy

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6 0
1 year ago
ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP
Elodia [21]

Answer:

D. $80,000

Explanation:

When costs are incurred during manufacture, they are debited to the Work In Process Account.

Note that, ABC charges direct materials to WIP and indirect materials are charged to the Factory Overhead account.

Total Direct Materials = Total Materials Issued to Production - Indirect Materials Issued to Production

therefore,

Total Direct Materials = $110,000 - $30,000 = $80,000

Conclusion :

The debit to Work-in-Process Inventory account for materials is $80,000

3 0
2 years ago
Comprehensive coverage under the Personal Auto Policy pays for damage to the insured auto caused by all of the following except:
Maksim231197 [3]

Answer:

c. nuclear accident

Explanation:

Personal Auto Policy is the most common policy for the insured. However, Nuclear accident is not covered under this policy. The policy covers hail, collision with animals and birds as well as falling tree branches.

5 0
3 years ago
The world price of a ton of steel is $1000. Before Russia allowed trade in steel, the price of a ton of steel there was $650. On
Arte-miy333 [17]

Answer:

The correct answer is B

Explanation:

Export is the term which is defined as the goods and the services which are produced in one country and the residents of the other country purchased or bought it.

In short, it means that produced domestically, and then sold it to the foreign country.

Under this situation, the world price of the steel is $1,000. And the Russia started to export the steel so, it will lead to exporting the steel and the price would be $1,0000.

6 0
3 years ago
Bc corporation has set the record date for a cash dividend at monday, july 22nd. the last day to buy the stock before it goes ex
andrew11 [14]

A cash dividend is a payment made from the corporation's current earnings or accumulated profits to stockholders in general.

<h3>What is Cash dividend?</h3>

A cash dividend is a payment made from the corporation's current earnings or accumulated profits to stockholders in general. Instead of being distributed as a stock dividend or another kind of value, cash dividends are paid in cash.

Typically referred to as dividends, cash dividends are a distribution of a corporation's net income. Dividends are comparable to the draws and withdrawals made by a solo proprietor. The income statements will not include the withdrawals and dividends because they are not expenses.

You must have the stock in your demat account on the record date of the dividend issue in order to be eligible for dividends. To ensure that the stocks are delivered to your demat account by the record date, you should have purchased the stock at least one day before the ex-date.

Hence,  The last day to purchase the stock and receive the dividend is 2 business days prior to record date or the 18th. Ex date - or the very first day the stock trades without the value of the dividend - is the 19th.

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5 0
1 year ago
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