Answer:
C. The actual variable overhead costs were lower than the budgeted costs.
Explanation:
Variable Overhead Cost variance =Budgeted cost - Actual Cost
where this value is positive, this is favorable, where this is negative it is unfavorable.
Actual cost = Actual hours X Actual rate per hour
Budgeted Cost = Budgeted hours for actual level of production X Budgeted rate per hour
Even if actual hours are lower than budgeted it will not lead to favorable overhead as actual rate per hour might be less.
Total variable overhead will only be favorable when net actual variable overhead cost is less than budgeted variable overhead costs.
C. The actual variable overhead costs were lower than the budgeted costs.
Answer:
10.87%
; 17.95%
Explanation:
Expected return:
= (probability of recession × return during recession) + (probability of normal × return during normal) + (probability of boom × return during boom
)
Expected return for stock A:
= (0.16 × 0.07) + (0.57 × 0.10) + (0.27 × 0.15)
= 0.1087
= 10.87%
Expected return for stock B:
= (0.16 × -0.11) + (0.57 × 0.18) + (0.27 × 0.35)
= 0.1795
= 17.95%
Answer and Explanation:
1. Margie Johnson would be ethically wrong if she grants the boss's favour to not report inventory shrinkage. Also financial statements would not show a true and fair view if she decides to follow what her boss is asking. She should report true inventory value in financial statements.
2. Yes Ryan is being professional since he is out to improve company's sales and income even though he may be putting pressure on employees to work overtime
Answer:
False
Explanation:
Hawthorne is a researcher who tried to analyse and examine employee's behaviour and what motivates them to work more hard. The above statement is false because according to Hawthorne study employee's motivation is not related to incentives. Hawthorne concluded that an employee's motivation is strongly linked with their relationship with the manager and the supervisor. A healthy Employee – supervisor relationship motivates and encourage them to carry out directives.
In this case, Shareholders should filed a lawsuit against the company’s law firm, alleging that it was liable under Section 10(b) for drafting Refco'so’s SEC filings which contained these materials. They would only be liable for their own “articulated statement” or statements of others that<span> they had explicitly adopted </span>
