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NikAS [45]
3 years ago
15

The variance that measures the amount of variable overhead that should have been saved (or incurred) because of the efficient (o

r inefficient) use of the measurement base is the
Business
1 answer:
olya-2409 [2.1K]3 years ago
6 0

Answer: A)Variable overhead spending variance

Explanation:

The Variable Overhead spending variance shows the difference between the amount that was spent and the amount that should have been spent on a variable overhead.

In so doing it shows the variable overhead that should have been saved (incurred) due to efficient (inefficient) use of resources because a favorable (unfavorable) variance would mean that the company outperformed (underperformed) their estimates by being more efficient (inefficient).

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Jessica purchased a home on January 1, 2018 for $580,000 by making a down payment of $230,000 and financing the remaining $350,0
Ann [662]

Answer:

$32,600

Explanation:

Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard

Using this formula

Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)

Let plug in the formula

Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)

Itemized deduction=($21,000+$11,600)

Itemized deduction=$32,600

Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600

5 0
3 years ago
During 2021, Angel Corporation had 990,000 shares of common stock and 95,000 shares of 6% preferred stock outstanding. The prefe
frozen [14]

Answer:

$7.23

Explanation:

Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares

Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares

Basic Earnings per share = $7,155,000 / 990,000 shares

Basic Earnings per share = 7.22727273

Basic Earnings per share = $7.23

So, the amount of Angel's basic earnings per share for 2021 is $7.23.

6 0
2 years ago
Why did suffragettes split into two rival organizations (nwsa and awsa?
abruzzese [7]
This two women advocates groups for American women voters separated due to irreconcilable views on the <span>Fifteenth Amendment to the United States Constitution. NWSA will not support the Amendment if women vote is not included. AWSA, on the other hand, supported the  </span><span>Fifteenth Amendment also supports the secure vote for African American men, women's vote should not be included because it will endanger the Amendments approval in congress.</span>
5 0
3 years ago
Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts tot
Andreas93 [3]

Answer:

The company needs to borrow $25000 and option B is the correct answer.

Explanation:

If the ending amount of cash for the year is less than the desired ending balance, then the company will need to borrow to maintain the desired level of cash balance.

To calculate the amount needed to be borrowed, we first compute the ending cash balance for December. The ending cash balance will be,

Closing Balance = Opening Balance + Receipts - Payments

Closing Balance - December = 14000 + 127000 - 126000

Closing Balance - December = $15000

The difference between the closing cash balance and the desired closing cash balance is the amount that the firm will need to borrow.

Amount need to be borrowed = 40000 - 15000  =  $25000

6 0
3 years ago
Boots Plus has two product​ lines: Hiking boots and Fashion boots. Income statement data for the most recent year​ follow: Total
Stels [109]

Answer:

Net Operating Income rises by $10,000 when Fashion Boots is discontinued.

Explanation:

Current operating profit for Boots Plus = $45,000

that is $65,000 profit from Hiking and $20,000 losses from Fashion

In case if Fashion boots is discontinued, then fixed cost eliminated = $30,000

In that case Total fixed cost of fashion boots non eliminated = $40,000 - $30,000 = $10,000

Which will be loss from Fashion as no other operating activity will be there.

Net operating profit of the company will be

Profit from Hiking Boots = $65,000

Less: Loss from Fashion Sales = $10,000 (Fixed Cost not eliminated)

Net Operating profit = $65,000 - $10,000 = $55,000

Net Operating Income rises by $10,000 when Fashion Boots is discontinued.

8 0
3 years ago
Read 2 more answers
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