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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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Ratification occurs when the principal accepts responsibility for the agent's acts. For ratification to be valid, the agent must
Zinaida [17]

Answer:

The answers are : unauthorized, identified, facts, affirm, authorization, withdraws, observe.

Explanation:

Ratification occurs when the principal accepts responsibility for the agent's unauthorized acts. For ratification to be valid, the agent must have acted on behalf of an identified principal, that principal must know all of the material facts , must affirm the agent's act in its entirety, and must have the legal authorization to ratify the transaction both at the time the agent engages in the act and at the time the principal ratifies it. The principal's ratification must occur before the third party withdraws from the transaction, and the principal must observe the same formalities when ratifying the act as would have been required to authorize it initially.

5 0
3 years ago
Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $420,800; Purchase Returns a
ivolga24 [154]

Answer:

Cost of goods Sold = $384,000

Gross Profit = $259,000

Explanation:

Cost of goods sold = Opening Inventory + Net Purchase - Closing Inventory

Opening Inventory = $58,100  Closing Inventory = $92,600

Net Purchases = Purchase - Purchase Return - Discounts + Freight in

Freight in forms part of cost of purchase because without this expense inventory cannot be bought in.

Net Purchases = $420,800 - $11,900 - $8,100 + $17,700 = $418,500

Cost of goods Sold = $58,100 + $418,500 - $92,600 = $384,000

Gross Profit = Sales - Cost of Goods Sold

= $643,000 - $384,000 = $259,000.

6 0
3 years ago
In her presentation on improving employee morale, Jillian makes this statement: So far, you've heard only about the problems we
devlian [24]

Answer: Switching Directions

Explanation:

Jillian made use of the Switching direction verbal signpost during her presentation.

A verbal signpost is a statement made during a public speech, that gets the audience attention and helps them to know the direction in which the speech is going.

7 0
3 years ago
If you borrow money from a bank, you are the ____________. A. Creditor B. Lender C. Debtor D. Investor
wolverine [178]
<span>If you borrow money from a bank, you are the ____________.  </span>
<span>C</span>
5 0
3 years ago
Read 2 more answers
A contractor purchased a dozer for $180,000 and anticipates using it for nine years. The salvage value of the dozer at the end o
ArbitrLikvidat [17]

The salvage value of the dozer at the end of year 1 is $163,000

The salvage value of the dozer at the end of year 2 is $146,000

The salvage value of the dozer at the end of year 3 is  $129,000

The salvage value of the dozer at the end of year 4 is  $112,000

The salvage value of the dozer at the end of year 5 is 95,000

The salvage value of the dozer at the end of year 6 is 78,000

The salvage value of the dozer at the end of year 7 is 61,000

The salvage value of the dozer at the end of year 8 is $44,000

The salvage value of the dozer at the end of year 9 is $27,000.

<h3>What is the book value of the dozer?</h3>

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

(180,000 - $27,000) / 9 = $17,000

Book value = cost of the asset - depreciation expense

  • Year 1 = $180,000 - $17,000 = $163,000
  • Year 2 = $163,000 - $17,000 = $146,000
  • Year 3 = $146,000   - $17,000 = $129,000
  • Year 4 =  $129,000 - $17,000 = $112,000
  • Year 5 =   $112,000 - $17,000 = 95,000
  • Year 6 = 95,000  - $17,000 = $78,000
  • Year 7 = $78,000 - $17,000 = $61,000
  • Year 8 =  $61,000  - $17,000 = $44,000
  • Year 9 =   $44,000- $17,000 = $27,000

To learn more about straight line depreciation, please check: brainly.com/question/6982430

5 0
2 years ago
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