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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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It increases the opportunity cost because you are foregoing more money for college.

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3 years ago
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Answer:

Instructions are listed below

Explanation:

Giving the following information:

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At the beginning of the current year:

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Estimated direct labor hours= 4,450

In November, Leisure started and completed the following two jobs:

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Direct materials used= $16,000

Direct labor hours used=195

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Job 102:

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C) Job 101:

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Total cost= 16000 + 195*30 + 2925= $24,775

Job 102:

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3 years ago
In addition to​ risk-free securities, you are currently invested in the Tanglewood​ Fund, a​ broad-based fund of stocks and othe
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Answer:  6.29%

Explanation:

Required return = Risk free rate + beta ( expected return - risk free rate)

Beta.

= Correlation * \frac{Volatility of venture}{Volatility of fund} \\\\= 0.16 * \frac{0.8117}{0.2636} \\\\= 0.493

Required return = 3.63% + 0.493(9.03% - 3.63%)

= 6.29%

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