Answer:
$7,000 Unfavorable
Explanation:
data provided
Material in units = 18,000
Price per unit = 2
Actual hours = 38,000
Selling price = $3.50
The computation of material efficiency variance is shown below:-
Materials efficiency variance = (Standard hours - Actual hours) × Selling price
= (18,000 × 2 - 38,000) × $3.50
= $7,000 Unfavorable
Therefore for computing the material efficiency variance we simply applied the above formula.
Answer:
2. Varied- the SEC relies on FASB to develop standards but gives advice and recommendations to the private sector as needed.
Explanation:
The FASB, Financial Accounting Standards Board is an independent non- profit organization, formed in 1973, that is tasked with establishing accounting as well as financial reporting standards for profit and nonprofit organizations in the USA. It also has the authority to interpret generally acceptable accounting principles for private and public companies in preparation of financial reports and presentation of such reports. The SEC like every other organization, relies on the FASB to formulate rules and regulations (standards) for public companies mainly while giving private companies recommendations. The FASB is recognized by state accounting boards such as AICPA (American Institute of Certified Public Accountants) among other accounting boards.
I hope this helps.
Answer:
$9,249 for three months, $18,498 for six months.
Explanation:
Experts recommend that an emergency fund should include 3 to 6 months of cash to provide for living expenses.
The Potinsky household spends $37,000 annually, therefore, it spends $3,083 monthly ($37,000 / 12).
For a three-month emergency fund = $3,083 x 3
= $9,249
For a six-month emergency fund = $3,083 x 6
= $18,498
Businesses and industries need to make decisions to make a profit and to benefit the world.
Answer:
work closely with existing customers to better satisfy their wants and needs.
Explanation:
Relationship marketing is simply the development, growth, and sustaining of long-term, cost-effective relationships with individual customers, suppliers, employees, and other partners for mutual benefit of parties involved. It emphasize is placed more in retaining or sustaining customers because new customers are more expensive compared to existing customers and can help an organisation have long-term, cost-effective links with individual customers for benefits between both sides.
