Answer:
the standard variable overhead rate exceeded the actual rate.
Explanation:
Considering that, Variable overhead rate variance = Actual overhead costs - (actual hours * Standard rate)
Hence, in this case, since it is assumed that, if variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: the standard variable overhead rate exceeded the actual rate.
The degree of operatingleverage is calculated by the formular
(sales - variable cost) / (sales - fixed cost - variable cost).
In the given question,
sales = $2,000,000
variable cost = $1,100,000
fixed cost = $750,000
The degree of operating leverage is (2,000,000 - 1,100,000) / (2,000,000 - 750,000 - 1,100,000) = 900,000 / 150,000 = 6.
Therefore, the degree of operating leverage is 6.
Answer:
Outstanding checks
Explanation:
One of the reasons why a cash book and a bank statement might <em>not show identical entries arise</em> from outstanding checks.
Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.
Answer:
The correct option is: attempted to decrease the failure rate of small businesses by protecting them from the competition of large and growing chain stores
Explanation:
The Robinson-Patman Act. was an amendment to Clayton aniti-trust Act,it was enacted to address the issue of price discrimination.
The Act provided that businesses should charge the same prices to consumers not minding who the buyers are,hence the practice of higher bargaining power of large retail stores using their buying strength to buy in large quantity at lower price was nipped in the bud.
Previously,these large retail stores were able to buy at cheaper prices compared to smallholder retailers and were able to sell at cheaper prices too,thereby driving the retailers out of business.
I think the answer is (66 I got Thai chicken salad and a wonderful meal so 3+2= 7
