Answer: B
Before any actual work is begun you need to have a formal application so there’s something to be worked with.
Answer:
Please find the detailed answer as follows:
Explanation:
a) Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated total units in the allocation based
Predetermined overhead rate = 600,000 / 500,000 = 1.2 perunit
b) Total fixed cost spending variance = Actual fixed overhead cost - Estimated overhead cost
= 599,400 - 600,000
= 600 (F) Favourable
c) Total fixed cost volume variance = Actual fixed overheads - Estimated fixed overheads
Actual fixed overheads = Estimated fixed overhead rate * Actual units produced
= 1.2 * 508,000 = $609,600
Total fixed cost volume variance =$ 609,600 - $600,000 = $9600 (F) Favourable
Answer: True
Explanation:
Cost-volume-profit analysis is refered to as the predictive tool that can be used for the determination of the profit consequences of the price changes, future cost changes, price and the volume of the activity changes.
It requires the management to classify all the costs as either fixed cost or variable cost with respect to production or sales volume within the relevant range of operations.
Answer:
fixed price contract
Explanation:
Based on the information provided within the question it can be said that the neighbor most likely transferred risk with a fixed price contract. This refers to a contract that whose price is fixed at a set amount which does not depend on resources or time spent to complete the contract. Therefore it does not matter how much time or money the painter has to spend on tools, he must complete by the terms of the contract for the $1500 that were agreed upon.
Answer:
B. Diplomatic Relations
Explanation:
Anything involving peaceful relationships and communications between multiple countries is diplomatic relations
