The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.
<h3>What is the objective of variance?</h3>
Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.
To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.
Therefore, the statement is True.
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A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fixed costs are $75,000. the total contribution margin is $127500.
The contribution margin is computed as the promoting rate per unit, minus the variable fee in keeping with the unit. additionally referred to as greenback contribution in keeping with the unit, the measure shows how a specific product contributes to the general profit of the organization.
The closer a contribution margin percentage, or ratio, is to 100%, the better. The better the ratio, the more money is available to cowl the commercial enterprise's overhead expenses or fixed prices. However, it is more likely that the contribution margin ratio is well below one hundred%, and possibly beneath 50%.
Contribution margin, or greenback contribution per unit, is the selling rate per unit minus the variable price in step with the unit. "Contribution" represents the part of sales revenue that is not consumed through variable expenses and so contributes to the coverage of constant fees.
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John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand to pull the economy out of the recession..
John Maynard Keynes is an economist who was popularly known for creating the Keynesian theory of economics
The Keynesian theory of economics is one who who advocate for saving less and spending more, thereby, raising their marginal propensity to consume and economic growth.
Now, supposing that a country spiraled into economic recession, John Maynard Keynes will recommend an increase in government expenditures and lower taxes to stimulate demand and pull the economy out of the recession..
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Answer:
The best answer is "A"
It is deductible both on Tony's income tax return and on Abe's estate tax return
Answer:
The answer is 1. quantity demanded exceeds quantity supplied.
When the quantity demanded exceeds the quantity supplied, this makes room for a shortage of goods in the market a day and excess demand. Because of this, the price of existing products increase as a lesser number of goods has to be distributed among many people.
When such scenarios happen, the government can take actions such as importing goods from abroad.
Explanation:
