With respect to fee variances, managers are searching to achieve real charges which can be better than standard costs is b. false
A standard cost is an anticipated cost that usually happens in the course of the production of a product or the performance of a carrier. In other words, this is theoretically the amount of cash a corporation will have to spend to provide a product or carry out service under everyday conditions.
A standard cost is the budgeted fee of an everyday manufacturing procedure towards which actual expenses are as compared. Of path, if a brand new product, provider, or procedure is to be done, the preliminary fashionable fees will need to be predicted.
Examples consist of lease payable, utilities payable, insurance payable, salaries payable to office group of workers, workplace resources, and many others. study more is $15 consistent with an hour, and the same old constant cost is $ hundred,000. therefore, the total hours required for producing one unit is 10 hours.
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Paying the minimum interest on an account balance leads to paying the most in interest because you will make the payments over a longer period of time. The sooner you get the balance paid off, the less amount of interest you will pay. Interest stacks on top of each other over the length of time to pay the debt off.
The answer that best complete the blank provided above is the term CANNIBALIZATION. Product cannibalization happens when a new product that is being introduced by the same producer, eats up the sales of the other products that exist in the same market resulting in the decrease of the overall sales.
Answer:
a. Debit Vacation Benefits Expense $16.500: credit Vacation Benefits Payable $16,500
Explanation:
858,000 wages per year / 52 weeks per year = 16,500 per week
The weekly wages for our employees are 16,500 dollars
For each of the two weeks of vacations we will do an adjusting entry by this amount.