Answer:
Material price variance = $400
Explanation:
<em>A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favorable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite.</em>
<em />
<em>It is is computed as follows:</em>
The material price variance
$
4000 units should have cost (4,000× 1.75) = 7,000
but did cost - actual cost (4,000× $1.65) = <u>6,600
</u>
Material price variance <u> 400 </u>favorable
Material price variance = $400
Answer:
rent
Explanation:
The rent expense will be difficult to revise. Usually, the rent amount is contained in a tenancy agreement signed by both the landlord and the tenant. The rent amount does not change until the lease or tenancy agreement expires. Changing the rent amount would require the landlord's consent.
Due to the above reasons, rent is classified as a fixed cost. It remains constant in the short run.
Answer:
Illegal if the payment made will in violation of the Foreign Corrupt Practices Act.
Explanation:
The foreign corrupt practices act says that the companies must not bribe foreign government or privae officials to illigimate business benefits. So this act is illegal according to the rules and regulations set by the US legislation.
Answer:
Hence, correct option is I and III.
Explanation:
Increase in working capital is only a temporary increase; increased working capital will be recovered at the end of project duration. Hence, increase in working capital should be considered only for the purpose of time value of occurrence of working capital cash flows.
Answer:
the differences that exist between these two contracts is that, term contracts are not publicly traded and instead futures contracts are standardized financial derivatives