Answer:
Jone Manufacturing
Total Overhead Variance = $2,000U.
Explanation:
Variance is the difference between budgeted and actual expense. It is favorable when the actual is less than the budgeted amount. It is unfavorable when the actual is more than the budgeted amount. It is neither favorable nor unfavorable when the actual equals the budgeted amount.
Variance analysis as a budgeting tool is used to evaluate the performance of management in managing costs, relative to the activity levels.
In Jones Manufacturing, actual and budgeted costs are calculated as follows:
Actual costs:
Fixed overhead = $8,000
Variable overhead = $4,600
Total = $12,600
Budget costs:
Fixed overhead = $10,000 (2,000 hours x $5)
Variable overhead = $4,600
Total = $14,600
Variance = budgeted overhead minus actual overhead
= $14,600 - $12,600 = $2,000U
Answer: The correct answers are:
- profits.
- profits.
- costs.
- contract price.
- interest.
Explanation: In a construction contract, if the owner breaches before construction begins, the contractor can receive <u>profits</u>. If the owner breaches during construction, the contractor can recover <u>profits</u> plus <u>costs</u> incurred. If the owner breaches after construction is completed, the contractor can receive the <u>contract price</u> plus <u>interest</u>.
Local taxes can be sales taxes
Complete Question:
The project team is ordering a server after discovering that it was missed in the original scope discovery of the project. There is an urgency to have it delivered quickly to minimize schedule slippage, but the project team does not want to spend money from dwindling reserves to pay for the additional shipping charges. Which of the following is the most accurate description of this situation?
A. There is an attribute issue since fast shipping and low cost shipping are both characteristics associated with shipping.
B. There is a budget issue since there isn't extra money for shipping.
C. There is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other.
D. There is a time issue since the server needs to arrive quickly
Answer:
C. There is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other
Explanation:
The most accurate description of this situation is that there is a mutual exclusivity issue since shipping fast and low cost do not correlate to each other. If two events are mutually exclusive, they cannot occur concurrently.
Mutually exclusivity describes the characteristics of events, which makes it impossible for them to occur together (concurrently) or at the same time. This ultimately implies that the events or outcome of the sampling is disjointed.
In this scenario, there is an urgency to have the server delivered quickly (shipping fast) to minimize schedule slippage, but the project team does not want to spend money from dwindling reserves to pay for the additional shipping charges which is considered to be a high cost.
Answer:
12.53%
Explanation:
Since there are only two assets in the portfolio, its standard deviation can be determined using the two-asset portfolio standard deviation provided below;
σP = (wA2 * σA2 + wB2 * σB2 + 2 * wA * wB * σA * σB * ρAB)^(1/2)
wA=proportion of the portfolio invested in X=60%
σA=standard deviation of return on X= 10%
wB=proportion of the portfolio invested in Y=40%
σB=standard deviation of return on Y =21%
ρAB= correlation between X and Y=.5
σP=(60%^2*10%^2+40%^2*21%^2+2*60%*40%*10%*21%*.5)^(1/2)
σP=12.53%