Answer:
Andover's variable-overhead efficiency variance is $-42,000 Unfavourable
Explanation:
According to the given data we have the following:
Standard overhead rate=$ 5.60 per hour
Actual Hours=110,000 hours
Standard hours=47,000 units x 2.5 hours per unit
=117,500 hours
Therefore, in order to calculate the Andover's variable-overhead efficiency variance we would have to use the following formula:
Variable Overhead efficiency variance=Standard overhead rate x (Actual hours - standard hours)
=$ 5.60 x (110,000 - 117,500)
=$-42,000 Unfavourable
Answer:
I believe is the correct answer
Explanation:
weather indicator(s)
Answer:
Accrual basis of accounting
Explanation:
Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.
Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).
Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.
The <u>slope</u> of the characteristic line of a stock's returns versus those of the market measures the stock's systematic risk.
