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kobusy [5.1K]
3 years ago
15

Match the cost variance component to its definition.

Business
1 answer:
vladimir1956 [14]3 years ago
4 0

Answer:

1. C

2. A

3. B

4. D

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

In Accounting, costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

The various types of cost variance components and their definition includes the following;

1. Actual price: the amount paid to acquire input.

2. Actual quantity: the input used to manufacture the quantity of output.

3. Standard quantity: the expected input for the quantity of output.

4. Standard price: the expected price.

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A manager checked production records and found that a worker produced 185 units while working 50 hours. In the previous week, th
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Answer:

Current Period Productivity= 3.7units/hour

Previous Period Productivity=  2.9units/hour

Explanation:

Giving the following information:

Worker produced 185 units while working 50 hours.

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3 years ago
The term given to units that represents the number of completed units that is equal, in terms of production inputs, to a given n
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Answer:

The answer is EQUIVALENT UNITS (not included as an option).

Explanation:

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For example, we have 100 nits that are 40% completed in relation to direct labor and direct materials, we could say that we have 40 equivalent units.

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What accurately describes a​ company's efforts to engage​ customers, persuasively communicate customer​ value, and build custome
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Answer:

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Answer:

I hope you understand please give brainliest

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