During the current year, the finn foundation, a nongovernmental not‐for‐profit organization, received a $1,000,000 permanent endowment from chris. chris stipulated that the income must be used to provide recreational activities for the elderly. the endowment reported income of $80,000 in the current year, and it was spent on recreational activities for the elderly. the foundation has adopted a policy to recognize donor‐restricted contributions whose restrictions are met in the same reporting period as contributions without a donor restriction. what amount of contribution revenue with donor restriction should finn report at the end of the current year?

What are the general categories of capital budget scenarios? describe the overall decision-making context for each.

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Match the different financial task to their corresponding financial life cycle phases