Answer:$163 which is favorable
Explanation:
Standard Cost per month is given as =Actual Quantity × Standard Rate
= Actual activity for number of jobs per month × Standard rate per job + Actual activity for meals× standard Rate per meal + Cost of Catering supplies
= 9 jobs×$101 per job + 126 meals × $24 per meal +$470
= $909 + $3,024 + $470 = $4,403
Also, Spending Variance = Actual cost of Catering in May- Standard cost of catering per month.
$4,240- $4,403= $163---- Favorable . This is because the actual cost for catering supplies is less than the Standard cost estimated.
Answer:
The reason for information assortment is to get data which will help in settling on vital choices. In the ebb and flow case, Mayo facility needs to extend their global deals income by 100 percent and they need to do statistical surveying before making any further strides with respect to extension. To complete statistical surveying they are different techniques for information assortment
Secondary Data Collection
Inside Sources-Customer criticism will assist with deciding the client needs and deals record will assist with deciding the territories which needs improvement
Outside sources-Business diaries, Business magazines and web will help in getting the PESTEL (Political, Economic, Social, Technological, Ecological, Legal) examination for a nation which will help in drawing an appropriate technique for development
Primary Data Collection
Poll It's one of the most mainstream strategy for information assortment where survey is sent to the respondents and respondents should fill the poll and sent it back to the concerned division. It's a minimal effort strategy and gives the capacity to cover huge topographical region.
Telephonic Interviews - It's a less expensive choice than individual meeting technique and can be led by reaching tests on phone. It's a quicker method to contact enormous crowds and has high reaction rate.
Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be higher than they would otherwise be. This results in consumers buying less
<h3>What are barriers to trade?</h3>
Barriers to trade refers as certain hurdles which restrict an individual or organisation to practice trade activity effectively. These barriers can be regulatory barriers, physical barriers and so on.
These trade barriers are launched to support small-scale business and introducing jobs in the industries to prevent unemployment.
These trade barriers results in high prices in the market due to reduce amount output supplied by foreign companies. This will result in less buying behaviour by consumer.
Learn more about barriers to trade, here:
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It should be noted that creditors want to see that a company that owes them money has assets is greater than liabilities.
<h3>Who is a creditor?</h3>
A creditor can be regarded as entity or lender who posses claim on the services of a other entity, This lender is one that someone is owing.
A creditor is usually interested in the assets of the company he's lending to, to be greater than liabilities.
Learn more Creditor at;
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