Business, 22.09.2020 15:01 brillamontijo
When variances occur, they are described as being either favorable or unfavorable. When actual activity consumes more time or money than initially planned, an unfavorable variance exists. However, when actual activity consumes less time or money than initially planned, a favorable variance exists. Note that the terms favorable and unfavorable are used, rather than saying that a variance is good or bad, because until the cause of a variance is discovered, it is not clear whether a variance is either good or bad. If a company calculates that the actual cost for the actual hours worked by employees was $4,000,000, and the amount budgeted for those hours actually worked was $4,500,000, the actual cost for hours worked less the budgeted cost for hours worked is $ 8,500,000 . This tells you that the actual cost at actual hours worked is less than the budgeted cost at actual hours worked. This tells you that the actual cost at actual hours worked is (A. greater than B. less than C. equal to) the budgeted cost at actual hours worked. What type of variance is this?A. Favorable rate varianceB. No varianceC. Unfavorable rate variance
Answers: 3
Business, 21.06.2019 20:20
Jimmy owns an ice cream parlor. he designs a schedule for the different tasks the employees have to perform in order to prevent monotony at work. according to the schedule, if an employee makes waffle cones on a day, he serves ice creams the next day and clears the tables on the day after that. jimmy is using the approach at his ice cream parlor.
Answers: 2
Business, 21.06.2019 20:30
What do economists mean when they use the latin expression ceteris paribus?
Answers: 3
Business, 22.06.2019 10:00
Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?
Answers: 3
Business, 22.06.2019 10:10
At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:
Answers: 1
When variances occur, they are described as being either favorable or unfavorable. When actual activ...
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