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frez [133]
3 years ago
12

Pittman Framing's cost formula for its supplies cost is $1,110 per month plus $11 per frame. For the month of November, the comp

any planned for activity of 621 frames, but the actual level of activity was 611 frames. The actual supplies cost for the month was $8,250. The spending variance for supplies cost in November would be closest to:
Business
1 answer:
Bumek [7]3 years ago
4 0

Answer:

See below

Explanation:

Spending variance for supplies = Standard cost - Actual cost

Standard cost formulae = $1,110 per month + $11 per frame

Standard cost for actual output = $1,110 + ($11 × 611)

= $1,110 + $6,721

= $7,831

But actual cost = $8,250

Therefore,

Spending variance would be

= $7,831 - $8,250

= $419 unfavourable

The spending variance for supplies cost in November is closest to $419 unfavourable

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lara [203]

Answer: Finance

Explanation:

The functional area that will be responsible for securing the necessary funding for the expansion is the finance department.

The finance department refers to the department in an organization which is responsible for funds acquisition, funds management and planning for the expenditures on assets.

Since the company is expanding operations by building another facility in Canada, the finance department will provide the funds.

8 0
3 years ago
Huck Finn is thinking about purchasing some stock in Mississippi Mining Company (MMC). Huck uses the price/earnings ratio techni
musickatia [10]

Answer:

Profit earning ratio of MMC = 10%

Explanation:

Given:

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Yearly profit on each share = $10

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It is computed that MMC's Profit earning ratio is nearer to the industry averages P/E ratio so, the investor can wait for some time to purchase this stock.

4 0
3 years ago
In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New Jersey. At the time of purchas
sattari [20]

Answer:

The answer would be All of the above.

Explanation:

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All the parties are liable for the clean up as well as the damage occured post the clean up as well as per the law.

6 0
3 years ago
An important use of a hot stick is to_____?
jekas [21]
Protect them from electric shock
hope this helpss
7 0
3 years ago
The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers: die-hard fans and casual
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Answer:

B) $125,000

Explanation:

Price discrimination strategy refers to charging each customer the maximum amount of money he/she is willing to pay for a product.

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Then it should charge only $50 per ticket to 500 casual fans = $25,000 in revenue.

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Net income                 = $125,000

6 0
3 years ago
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