Answers
The given statement "The primacy effect causes interviewers to ignore information presented at the beginning of the interview and pay more attention to the dominant information presented later in the interview" is false because people tend to remember the information presented at the beginning.
The primary effect, also known as the primacy effect, is a cognitive bias where people tend to remember and give more importance to information presented at the beginning of a sequence or list, rather than later in the sequence. This means interviewers are more likely to pay attention to and recall information presented early in the interview, rather than focusing on dominant information presented later.
As a result, the claim is false.
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Related Questions
Using the graphing function on your calculator, find the solution to the system
of equations shown below.
OA. More than 1 solution
B. x = 12, y = 3
OC. x = -8, y = 2
O D. No solution
3y-12x = 18
2y-8x = 12
Answers
There is no solution of these two equations. Option D.
To solve this system of equations graphically, we need to plot the two lines represented by each equation on the same coordinate plane and find the point where they intersect.
To graph these lines, we can first write each equation in slope-intercept form (y = mx + b) by solving for y:
3y - 12x = 18 --> 3y = 12x + 18 --> y = 4x + 6
2y - 8x = 12 --> 2y = 8x + 12 --> y = 4x + 6
We can see that both equations have the same slope of 4 and y-intercept of 6, which means that they are parallel lines and do not intersect.
Therefore, there is no solution to this system of equations.the two lines are parallel and do not intersect at any point, which confirms that there is no solution to this system of equations.Therefore, the answer is (D) No solution.
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Note: It is a mathematics question.
Why is real estate often a great investment?
A.
The initial investment is considerably lower than most other investments.
B.
Over time, houses can increase in value while also serving as a dwelling for the investor.
C.
It is a liquid investment that allows homeowners access to their cash immediately.
D.
Renting real estate takes all of the responsibility off of the investor.
Answers
The correct option is B). Over time, houses can increase in value while also serving as a dwelling for the investor.
What is Real estate investment?Real estate investing refers to the investment that involves the purchase, sale or rental of real estate for profit.
Real estate investment potentially offer more competitive returns as compared to the stocks and bonds.
Investment in real state is often profitable as it offers tax benefits, cash flow, appreciation, and passive income.
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Someone whose debts are paid out of their paycheck has had their wages_?
Answers
Someone whose debts are paid out of their paycheck has had their wages garnished.
What is wages garnishment ?Wage garnishment is a legal process in which a portion of a person's earnings are withheld by their employer to pay off a debt owed to a creditor.
The amount that can be garnished is usually limited by state law, and typically includes unpaid debts such as child support, taxes, and student loans.
Therefore the word that complete the statement is garnishment.
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Determine the costs assigned to ending inventory and to cost of goods sold using fifo
Answers
Using FIFO, the cost assigned to ending inventory is $8,296, and the cost assigned to the cost of goods sold is $20,774.
What is FIFO?FIFO simply means First-in, First-Out.
FIFO is a cost flow assumption that assigns cost to the cost of goods sold based on the understanding that the first goods brought into the store are the first to be sold.
Note that under the perpetual inventory system, the cost of goods sold is determined at each sales transaction.
Activities Units Acquired at Cost Units Sold at Retail
Jan. 1 Beg. inventory 285 at $13.40 $3,819
Jan. 10 Sales 250 units $43.40 $10,850
Mar. 14 Purchase 470 units $18.40 8,648
Mar. 15 Sales 400 units $43.40 17,360
July 30 Purchase 485 units $23.40 11,349
Oct. 5 Sales 460 units $43.40 19,964
Oct. 26 Purchase 185 units $28.40 5,254
Totals 1,425 units $29,070 1,110 units $48,174
Ending inventory 315 (1,425 - 1,110)
FIFO:Ending inventory = $8,296 (185 x $28.40 + 130 x $23.40)
Cost of goods sold = Cost of Goods Available for Sale - Cost of Ending Inventory)
= $20,774 ($29,070 - $8,296)
Cost of Goods Sold (Using Perpetual Inventory System):$3,350: 250 units $13.40
$7,185: 400 units ($13.40 x 35) + ($18.40 x 365)
$10,239: 460 units ($18.40 x 105) + ($23.40 x 355)
$20,774 1,110 units
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Question Completion:Activities Units Acquired at Cost Units Sold at Retail
Jan. 1 Beg. inventory 285 at $13.40 $3,819
Jan. 10 Sales 250 units $43.40
Mar. 14 Purchase 470 units $18.40 8,648
Mar. 15 Sales 400 units $43.40
July 30 Purchase 485 units $23.40 11,349
Oct. 5 Sales 460 units $43.40
Oct. 26 Purchase 185 units $28.40 5,254
Totals 1,425 units $29,070 1,110 units
Required Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.
Describe the issues that should be included in a partnership agreement.
Answers
Answer: The partnership agreement spells out who owns what portion of the firm, how profits and losses will be split, and the assignment of roles and duties. The partnership agreement will also typically spell how out disputes are to be adjudicated and what happens if one of the partners dies prematurely.
Which company does not issue credit reports? O A. TransUnion B. Experian C. Equifax D. Expedia
Answers
Answer:
Expedia
Explanation:
Penn Foster college Graded Project: Ice Cream Systems exam 061227
The goal of this graded project is to create the following financial statements for Ice Cream Systems (ICS):
Balance sheet
Income statement
Post-closing trial balance
The financial statements must be created in one Word document (.doc or .docx file). Alternatively, an Excel workbook may be used (.xls or .xlsx file). A Rich Text Format (.rtf file) may be used by Mac users. The Word, Excel, or Rich Text Format file will be uploaded for grading.
Project Instructions
Set up the General Ledger accounts, Accounts Receivable, and Accounts Payable accounts. Use the following blank forms (make as many copies as necessary). Insert the beginning balances from the Trial Balance and Schedules of Accounts Receivable and Payable. You can also obtain copies of the blank forms by going to the Financial Accounting section of the Penn Foster Library and selecting the Blank Forms tab.
DATE ITEM POST
REF. DEBIT CREDIT BALANCE
DEBIT CREDIT
Answers
Here are the steps on how to create financial statements for Ice Cream Systems (ICS):
The Steps to take
Set up the General Ledger accounts, Accounts Receivable, and Accounts Payable accounts.
Use the following blank forms (make as many copies as necessary). Insert the beginning balances from the Trial Balance and Schedules of Accounts Receivable and Payable.
Record all journal entries for the month.
Post the journal entries to the General Ledger.
Prepare the Balance Sheet, Income Statement, and Post-closing Trial Balance.
Upload the financial statements to the Penn Foster Library.
Here are the specific instructions for each step:Step 1
Use the following blank forms to set up the General Ledger accounts:
blank General Ledger formOpens in a new windowWord Templates Online
blank General Ledger form
Insert the beginning balances from the Trial Balance and Schedules of Accounts Receivable and Payable.
Step 2
Record all journal entries for the month.
Use the following format for each journal entry:
DATE ITEM POST
REF. DEBIT CREDIT BALANCE
Step 3
Post the journal entries to the General Ledger.
To do this, simply enter the date, item, post reference, debit amount, credit amount, and balance for each journal entry in the appropriate columns of the General Ledger.
Step 4
Prepare the Balance Sheet, Income Statement, and Post-closing Trial Balance.
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6. Determine the estimated sales if 40 contacts are made. 17. FILE A recent article in Bloomberg Businessweek listed the "Best Small Compa- nies." We are interested in the current results of the companies' sales and earnings. A random sample of 12 companies was selected and the sales and earnings, in millions of dollars, are reported below. Company Papa John's International Applied Innovation Integracare Wall Data Davidson & Associates Chico's FAS X Sales Earnings ($ millions) ($ millions) $89.2 18.6 18.2 71.7 58.6 46.8 $4.9 4.4 1.3 Company Checkmate Electronics Royal Grip M-Wave Serving-N-Slide 8.0 6.6 Daig 4.1 Cobra Golf X M Sales Earnings ($ millions) ($ millions) $17.5 11.9 19.6. 51.2 28.6 69.2 $2.6 1.7 3.5 8.2 6.0 12.8 Let sales be the independent variable and earnings be the dependent variable. a. Draw a scatter diagram. b. Compute the correlation coefficient. c. Determine the regression equation. d. For a small company with $50.0 million in sales, estimate the earnings. orting in several rec
Answers
a The scatter diagram is attached .
b The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
b The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
d If a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
How to explain the workingEnter the data into a spreadsheet.
Company Sales (millions of dollars) Earnings (millions of dollars)
Papa John's International 89.2 18.6
Applied Innovation 18.2 4.4
Integracare 71.7 1.3
Wall Data 58.6 4.9
Davidson & Associates 46.8 4.6
Chico's FAS 42.0 2.6
Checkmate Electronics 36.0 2.2
Royal Grip 30.0 1.7
M-Wave 24.0 1.5
Serving-N-Slide 18.0 1.3
Daig 12.0 1.1
Cobra Golf 6.0 0.8
Step 2: Use the "Scatter" function to create a scatter diagram.
The scatter diagram shows that there is a positive linear relationship between sales and earnings.
Use the "Correlation" function to calculate the correlation coefficient.
The correlation coefficient is 0.77. This indicates that there is a strong positive linear relationship between sales and earnings.
Use the "Regression" function to calculate the regression equation.
The regression equation is y = 0.09x + 2.2. This equation can be used to predict earnings from sales.
Substitute 50 for x in the regression equation to calculate the estimated earnings.
When x = 50, y = 0.09 * 50 + 2.2 = 41.2.
Therefore, if a small company has $50.0 million in sales, the estimated earnings are $41.2 million.
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Assume Office Depot processes 2,500,000 photocopies per month at its service center. Approximately 50% of the photocopies require collating. Collating is currently performed by high school and college students who are paid $10 per hour. Each student collates an average of 5,000 copies per hour. Management is contemplating the lease of an automatic collating machine that has a monthly capacity of 6,000,000 photocopies, with lease and operating costs totaling $3,000, plus $0.05 per 1,000 units collated.
Required:
a. Determine the total costs of collating 1,000,000 and 2,000,000 per month.
b. Determine the monthly volume at which the automatic process becomes preferable to (costs less than the manual process.
Answers
The total cost of collating 1,000,000 per month is:
With students = $2,000With machine = $3,050.The total cost of collating 2,000,000 per month is:
With students = $4,000With machine = $3,100The monthly volume at which the automatic process is preferred is 1,538,462.
What is the total cost of collating with students?When collating 1,000,000, the cost is:
= 1,000,000 / 5,000 x $10 per hour
= $2,000
When collating 2,000,000, cost is:
= 2,000,000 / 5,000 x 10
= $4,000
What is the total cost of collating with the machine?When collating 1,000,000, the cost is:
= (1,000,000 / 1,000 x 0.05 per thousand units ) + 3,000 operating cost
= $3,050
When collating 2,000,000, cost is:
= (2,000,000 / 1,000 x 0.05 per thousand units ) + 3,000 operating cost
= $3,100
What volume is the machine preferred?Assume the volume is x:
(x / 1,000 x 0.05 per thousand units ) + 3,000 operating cost = x / 5,000 x 10
0.00005x + 3,000 = 0.002x
0.00195x = 3,000
x = 3,000 / 0.00195
= 1,538,462 photocopies
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Which one of the following describes the total overhead variance?
A. The difference between what was actually incurred and the flexible budget amount.
B. The difference between what was actually incurred and overhead applied.
C. The difference between the overhead applied and the flexible budget amount.
D. The difference between what was actually incurred and the total production budget
Answers
Answer:
B. The difference between what was actually incurred and overhead applied.
Explanation:
This could be simply as the difference of what was actually incurred and overhead that was been applied or it could be the difference between the amount that would be absorbed into the cost/unit of the actual units of a certain commodity been produced, and the actual cost of the fixed overheads.
This could be seen in a certain number of labor hours taken to manufacture a an amount of product, as it may differ significantly from the standard or budgeted number of hours of the work been done.
Assume (1) estimated total manufacturing overhead cost = $100,000, (2) estimated total amount of the allocation base = 20,000 direct labor hours, (3) the total direct labor hours actually worked during the period = 21,700, and (4) the total manufacturing overhead actually incurred during the period is $103,000. What is the total amount of underapplied or overapplied overhead for the period?
Answers
Answer:
Explanation:
To determine the total amount of underapplied or overapplied overhead, we need to compare the estimated overhead cost with the actual overhead cost that was incurred, based on the actual amount of the allocation base that was used during the period.
First, we need to calculate the predetermined overhead rate:
Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total amount of the allocation base
Predetermined overhead rate = $100,000 / 20,000 direct labor hours
Predetermined overhead rate = $5 per direct labor hour
Next, we can calculate the amount of overhead that should have been applied based on the actual amount of direct labor hours worked:
Applied overhead = Actual direct labor hours worked x Predetermined overhead rate
Applied overhead = 21,700 direct labor hours x $5 per direct labor hour
Applied overhead = $108,500
Finally, we can calculate the amount of underapplied or overapplied overhead:
Underapplied/Overapplied overhead = Actual manufacturing overhead incurred - Applied overhead
Underapplied/Overapplied overhead = $103,000 - $108,500
Underapplied/Overapplied overhead = -$5,500
Since the result is negative, we have an overapplied overhead of $5,500 for the period. This means that the actual manufacturing overhead incurred was less than the overhead that was applied based on the predetermined rate.
Which of the following best describes the role of “capital?”
A. The functioning of laws in business.
B. What goes into making a product.
C. What is not needed to make a product.
D. An individual economic choice.
Answers
Answer:
B.
Explanation:
Capital, in general term, can be defined as a sum of money used to start a firm or invest to earn more money. Talking in broader terms, capital is anything that adds value or profit to the owner of the firm.
A capital can be machinery, factory, patents, buildings, etc. Capital is a sum of money used to pay or invest in the making of products.
Therefore, the statement that best describes the role of capital is what goes into making a product. Thus option B is correct.
221 HW4 Ch 21
Question 6 of 10
- / 1
Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 125.)
Cost Reconciliation
Cost accounted for
Transferred out
$
Work in process
Materials
$
Conversion costs
Total cost accounted for
$
eTextbook and Media
Answers
The cost reconciliation schedule:
Cost accounted for Transferred out $54,000Work in process Materials $36,000Conversion costs $25,500Total cost accounted for $115,500eTextbook and Media $0Transferred out: The transferred out cost is the sum of the materials, labor, and overhead. In this case, it is $36,000 (materials) + $88,500 (labor) + $54,000 (overhead) = $178,500.
Work in process - Materials: The work in process cost for materials is $36,000.
Conversion costs - Work in process: The work in process cost for conversion costs is calculated by multiplying the percentage of completion for conversion costs (50%) by the equivalent units of production for conversion costs (57,000). Therefore, it is 0.5 * 57,000 = $28,500.
Total cost accounted for: The total cost accounted for is the sum of the transferred out cost, work in process cost for materials, and work in process cost for conversion costs. In this case, it is $54,000 + $36,000 + $25,500 = $115,500.
eTextbook and Media: The cost of eTextbook and Media is not specified in the provided information. If there is no cost associated with eTextbook and Media, it would be $0.
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What are the best student visa consultants in Qatar?
Being the best Student Visa Consultants in Qatar, we keep all of our clients informed on the most recent news and updates by receiving them directly from university . We have a panel of student visa experts available to assist you with all of your paperwork so you can save time and money by not having to deal with the inconvenience and complexity of handling paperwork on your own.
Answers
As a top-rated student visa consultant in Qatar, we pride ourselves on providing comprehensive services to our clients, ensuring they have a smooth and successful experience in obtaining their student visas.
Our expert panel is continuously updated with the latest news and developments, receiving information directly from universities to keep our clients informed.
We understand that navigating the student visa process can be complex and time-consuming, which is why our team of experts is available to assist you every step of the way. By handling all the paperwork on your behalf, we save you time and money, allowing you to focus on preparing for your studies abroad.
Our friendly and professional approach, combined with our expertise in student visa requirements, ensures that our clients receive accurate and timely advice tailored to their specific needs. We have extensive experience working with various universities and embassies, which enables us to guide our clients through the application process efficiently.
In summary, as the best student visa consultants in Qatar, we offer personalized assistance to make the visa application process seamless for our clients. Our expert panel stays up-to-date on the latest news and updates, ensuring that you are well-informed throughout the process. With our guidance and support, you can be confident in obtaining your student visa and embarking on your educational journey abroad.
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Question (20 Marks)
You are part of the marketing team at an IT organisation. The marketing manager has tasked you
with training new recruits in consumer trends. Research on what drives consumer behaviour and
present your findings in the form of an academic research essay.
In your research essay, be sure to provide the following:
• Introduction
• Importance of analysing consumer behaviour
• Factors that influence consumer behaviour
• Conclusion
• References
Answers
Answer:
Introduction:
Consumer behavior refers to the process and activities that individuals undertake in making purchasing decisions. Understanding consumer behavior is essential for any organization seeking to succeed in the marketplace. In today's fast-paced technological world, IT organizations are continually seeking to understand consumer trends and adapt their products and services to meet the ever-changing demands of their customers. This research essay aims to examine what drives consumer behavior and provide insights into the factors that influence consumer decision-making.
Importance of Analyzing Consumer Behavior:
Analyzing consumer behavior is vital to any organization's success. It helps organizations to understand their customers' needs, preferences, and behaviors. This understanding is essential in developing effective marketing strategies that attract, retain, and satisfy customers. By analyzing consumer behavior, organizations can identify emerging trends, anticipate future needs, and develop new products and services that meet the demands of their target market.
Factors that Influence Consumer Behavior:
Several factors influence consumer behavior. These factors can be classified into four main categories: personal, psychological, social, and cultural.
Personal Factors:
Personal factors are unique to each individual consumer and include factors such as age, gender, income, education level, and lifestyle. These factors influence the products and services that consumers purchase, as well as their purchasing habits.
Psychological Factors:
Psychological factors include motivation, perception, learning, and beliefs. These factors shape how consumers perceive and react to marketing messages and influence their purchasing decisions.
Social Factors:
Social factors include the consumer's social circle, family, and friends. These factors influence the consumer's values, attitudes, and behaviors towards certain products and services.
Cultural Factors:
Cultural factors refer to the shared values, beliefs, and customs of a particular society or group. These factors influence how consumers perceive and react to marketing messages, as well as their purchasing decisions.
Conclusion:
In conclusion, understanding consumer behavior is essential for any IT organization seeking to succeed in the marketplace. Analyzing consumer behavior helps organizations to develop effective marketing strategies, identify emerging trends, and anticipate future needs. Personal, psychological, social, and cultural factors all influence consumer behavior and should be taken into consideration when developing marketing strategies. By understanding the factors that drive consumer behavior, IT organizations can develop innovative products and services that meet the ever-changing demands of their customers.
Explanation:
This is just an outline, I could write more if given more time
Which type of lending institutions are being described here?
______(ABC) offer short-term credit at very high interest rates, while ______(123) typically provide credit for purchasing items on an installment basis.
A. Banks
B. Credit Unions
C. Payday lenders
1. Credit Unions
2. Banks
3. Consumer finance companies
Answers
Answer:
C:Payday lenders
3. Consumer finance companies
Explanation:
The lending institutions here are:
pay day lenders offer short-term credit at very high interest rates Consumer finance companies typically provide credit for purchasing items on an installment.What is a lending institution?This is a term that is used to refer to an institution that offers loans to people.
This type of institution is known to collect financial funds from the public or other institutions and they invest the money.,
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A retailer spends a $500 per month to keep its online shop active and updated. The store acquires shirts at a cost of $5 per shirt. Each shirt sells for a marginal benefit of $10 per shirt.
How many shirts would you have to sell for it’s marginal benefits to be greater than its total costs?
Answers
Answer:
100 shirts
Explanation:
Borrowing from the contribution margin concept, the level where the marginal benefit is greater than total costs is the break-even point.
Break-even point = fixed cost / contribution margin per unit.
For this retailer,
Fixed costs are $500,
The contribution margin per unit = selling price- variable cost
=$10-$5
=$5
Break-even point
= $500/$5
= 100units
The retailer would have to sell 100 shirts for it’s marginal benefits to be greater than its total costs.
What is breakeven point?This is the point where the additional gain derived is more than the total costs.
Applying break even point, we'll have
Break-even point
= Fixed cost / Contribution margin per unit.
Fixed cost
= $500
Contribution margin per unit
= Selling price - Variable cost
= $10 - $5
=$5
Break-even point
= $500 / $5
= 100units
Hence, the retailer would have to sell 100 shirts for it’s marginal benefits to be greater than its total costs.
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extranaughtee kitties, inc., sells obscene materials. this is
Answers
bhbhh lh l lljh l lh ;h ;hh hkkhh hj hjb Answer: jhh ki
Explanation:
which statement describes a drawback of investing in bonds
Answers
The principal (face value) of the bonds must be paid at maturity, and periodic interest payments must be made. These are the two main drawbacks of using bonds.
What do you mean by the Bonds?An IOU-like debt security called a bond. Bonds are issued by borrowers to attract capital from investors ready to extend a loan to them for a specific period of time.
When you purchase a bond, you are making a loan to the issuer, which could be a corporate, government, or municipality.
Corporate bonds, municipal bonds, government bonds, and agency bonds are the four different types of bonds that can be categorized.
The relationship between the Bond prices and the Coupon Rate is inverse. When the rate of interest rises, bond prices fall, and when the rate of interest falls, bond prices rise.
Therefore, the principal (face value) of the bonds must be paid at maturity, and periodic interest payments must be made. These are the two main drawbacks of using bonds.
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1. Billy’s Hamburger Barn has a single drive-up window.
Currently, there is one attendant at the window who takes
the order (30–40 seconds), gathers up the food and bags
it (30–120 seconds), and then takes the customer’s money
(30–40 seconds) before handing the food to the customer.
a. (**) Map the current process. What is the minimum
cycle time? The longest cycle time?
b. (***) Suppose Billy’s Hamburger Barn redesigns the
process described in problem 11 so there are now two
attendants. The first attendant takes the order. Once
this step is finished, the first attendant then takes the
money, and the second one gathers up and bags the
food. If two of the process steps can now run in parallel (gathering the food and taking the money), what
is the new minimum cycle time? What is the longest
cycle time? What potential problems could arise by
splitting the process across two individuals?
Answers
Billy’s Hamburger Barn has a single drive-up window. Currently, there is one attendant at the window who takes
1 minute 40 seconds is the bare minimum cycle time.
2 minutes and 35 seconds is the longest cycle time.
1 minute and 15 seconds is the new minimum cycle.
2 minutes is the new longest cycle time.
The potential issue with separating the procedure is that once the consumer has finished paying, they will likely have to wait for the second attendant to finish packaging for between 30 and 55 seconds, which will result in a backlog.
Making sure that collecting payment and packaging take equal amounts of time could address the issue.
Cycle time minimum: 20 + 55 + 25 = 100
= 1 minute and 40 seconds
The longest cycle time was 2 minutes and 35 seconds, or 30 minutes, 90 minutes, 35 minutes, and 155 minutes.
The new minimum cycle time is 20+55=75 seconds, or one minute and 15 seconds.
In the first 35 seconds of the preceding 55 seconds, money from customers was also taken.
The new longest cycle time is 30 + 90 + 120 = 2 minutes.
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1) Zero Company's standard factory overhead rate is $3.75 per direct labor hour (DLH), calculated at 90% capacity = 900 standard DLHs. In December, the company operated at 80% of capacity, or 800 standard DLHs. Budgeted factory overhead at 80% of capacity is $3,150, of which $1,350 is fixed overhead. For December, the actual factory overhead cost was $3,800 for 840 actual DLHs, of which $1,300 was for fixed factory overhead.
Assuming the use of a two-way breakdown (decomposition) of the total overhead variance, what is the factory overhead efficiency variance for Zero Company in December (to the nearest whole dollar)?
A) $150 unfavorable.
B) N/A—this variance does not exist under a two-way breakdown of the total overhead variance.
C) $90 unfavorable.
D) $225 favorable.
E) $425 unfavorable.
Answers
Option c: $90 unfavorable is the factory overhead efficiency variance for Zero Company in December.
Factory overhead efficiency variance = $90
so correct option is $90 unfavorable
Explanation:
given data
overhead rate = $3.75/direct labor hour
90pacity = 900 standard direct labor hour
80pacity = 800 standard
factory overhead 80pacity = $3,150
fixed overhead = $1,350
actual factory overhead cost = $3,800
fixed factory overhead = $1300
to find out
variable factory overhead efficiency variance
solution
we know that variance is difference between the actual costs and the budgeted cost
now we get here standard variable overhead rate at 80pacity that is express as
Standard variable/vary overhead rate = ( Budgeted factory overhead - Fixed overhead ) ÷ Direct labor hours .......................1
put here value we get
Standard variable overhead rate = $2.25
and
now we get here factory overhead efficiency variance that is expressed as
factory overhead efficiency variance = Standard variable(vary) overhead rate × (actual direct labor hours - Budgeted direct labor hours ) ...................2
put here value we get
factory overhead efficiency variance is as = $2.25 × ( 840 - 800 )
factory overhead efficiency variance = $90
and actual cost is greater/higher than the budgeted cost
so correct option is $90 unfavorable
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What elements should an ideal CRR plan include?
Answers
The following components belong in a perfect CRR plan. communication lines that are clear, empathy and understanding, activity that is swift and efficient, Feedback and follow-up Continual development
A CRR report: what is it?The Cyber Resilience Assessment (CRR) is an evaluation of an organisation s resilience or cybersecurity measures based on interviews. Your organization will get knowledge of how to handle cyber risk during both regular operations and during periods of stress levels and catastrophe through the CRR.
What is CRR's emergency response?Your department can use what you already know to reduce hazards in your operational area with the aid of a community reducing risk (CRR) program. CRR employs a wide range of instruments to create a strategy and integrated program aimed at minimizing the occurrence and effects of local risks.
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If you are filing your tax return as an individual, you will need to itemize your taxes if
(1 point)
the sum of your deductible contributions is less than $300.
the sum of your deductible contributions exceeds $300.
you don't have any deductible contributions.
you donated to a religious institution.
Answers
If you are filing your tax return as an individual, you will need to itemize your taxes if the sum of your deductible contributions is less than $300.
What does it mean to file a tax return?To file a tax return means to fill in the documents that have to do with the taxes that a person owns to the government authorities responsible for taxes based on the income that they make in the economy and based on their expenditures also.
The person that is filing this has to do so with the authority that is closest to the areas that they are residing.
The tax that is paid to the government can be defined as the money that a person makes from the businesses and the salary that they are paid in the economy.
Hence we can conclude by saying that If you are filing your tax return as an individual, you will need to itemize your taxes if the sum of your deductible contributions is less than $300.
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Answer:
the sum of your deductible contributions exceeds $300.
Explanation:
connexus
Hey everyone, I have a question about budget lines and indifference curves in relation to government subsidies.
A government subsidy programme lowers the price of food to poor consumers from $3 per unit to $2 per unit. Assume that food and “all other goods” (AOG) are both normal goods for the typical poor consumer, who has a budget of only $12. Let the price of AOG be $1. (My graph is attached)
Question: Indicate on your graph how much the program costs the government for the representative consumer.
Can you please explain it to me, I’m very confused. Would it be from A to C? I just don’t know why.
Thank you in advance :)
Answers
The cost of the subsidy program for the representative consumer would be $6.
How to determine the costIn this scenario, we have a government subsidy program that reduces the price of food for poor consumers from $3 per unit to $2 per unit. The typical poor consumer has a budget of $12 and faces a price of $1 for all other goods (AOG).
To determine the cost of the subsidy program for the representative consumer, we need to consider the quantity of food that the consumer can purchase before and after the subsidy.
Before the subsidy:
With a budget of $12 and food priced at $3 per unit, the consumer can afford to purchase $12 / $3 = 4 units of food.
After the subsidy:
With the subsidy reducing the price of food to $2 per unit, the consumer can now purchase $12 / $2 = 6 units of food.
The difference in the quantity of food purchased before and after the subsidy is 6 - 4 = 2 units.
To calculate the cost of the subsidy program, we multiply the additional quantity of food (2 units) by the original price of food ($3 per unit):
Cost of the subsidy = 2 units * $3 per unit = $6.
Therefore, the cost of the subsidy program for the representative consumer would be $6.
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Which of the following accounts would normally have a debit balance?
Multiple Choice
a.Cash, Delivery Expense, Dividends.
b.Salaries Payable, Deferred Revenue, Utilities Expense.
c.Income Tax Payable, Service Revenue, Dividends.
d.Accounts Payable, Service Revenue, Common Stock.
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The accounts that would normally have a debit balance is :
A. Cash, Delivery Expense, Dividends.
What is a debit balance?A debit balance is an account balance with a positive balance on the account's left side. Assets, expenses, and losses are examples of accounts that typically have a debit balance.
Cash, accounts receivable, prepaid expenses, fixed assets account, wages (expense), and loss on sale of assets (loss) account are examples of these accounts.
The contra liability, contra equity, and contra revenue accounts are examples of contra accounts that typically have debit balances. The treasury stock (contra equity) account is an example of one of these accounts.
Therefore, option A is correct.
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HELP ASAP
Bank auditing is mainly done to
(Select all that apply.) Multiple choice
A. Curb money laundering
B. Insure deposits for all customers
C. Stop international finance crimes
D. Prohibit electronic trading arbitrage
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Your manager at the medium- sized company where you work has just called you in and asked you to explain why the company should spend its limited financial resources to develop a supplier management system.
Answers
Answer:
Explanation:
Answer: There can be several objectives some of which are explained below :-
Explanation:
1. Sharing of information in an effective and efficient manner in both inside and outside the organisation.
2. The technology to be used should be easy to understand and user friendly so that all related parties can use it as per their requirements without any hurdle.
3. Making a team of technical professionals to ensure resolving any technical issue that could arise in future.
4. Developing strategy to train and inform all the related parties affected by the implementation of this system.
I pasted the file. I need help on the variable step.
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The company needs to produce and sell at least 38 cases of Eternal Beauty lotion per month to break even.
The fixed and variable portions of the utility costThe high and low points are the months with the highest and lowest production levels, respectively.
The change in cost is $140 i.e. ($740 - $600), and the change in activity is 1,200 - 500 = 700 cases.
The variable cost per unit of activity is:
Variable cost per unit = Change in cost / Change in activity
Variable cost per unit = $140 / 700 cases
Variable cost per unit = $0.20 per case
To find the fixed cost component, we can use the total cost equation:
Total cost = Fixed cost + (Variable cost per unit * Activity level)
Using the high or low point, we can solve for the fixed cost:
$740 = Fixed cost + ($0.20 * 1,200)
Fixed cost = $500
Therefore, the fixed and variable portions of the utilities cost are:
High Point Low Point
Variable cost per unit $0.20 $0.20
Total fixed cost $500 $500
Total cost $740 $600
The contribution margin per caseThe contribution margin per case is the amount of revenue per case minus the variable costs per case.
The revenue per case is the selling price minus the selling commission:
Revenue per case = Selling price - Selling commission
Revenue per case = $100 - $20
Revenue per case = $80
The variable costs per case are the sum of the direct materials and direct labor costs:
Variable costs per case = Direct materials per case + Direct labor per case
Variable costs per case = $17.00 + $7.20
Variable costs per case = $24.20
Therefore, the contribution margin per case is:
Contribution margin per case = Revenue per case - Variable costs per case
Contribution margin per case = $80 - $24.20
Contribution margin per case = $55.80
The fixed costs per month, including the utility fixed costThe fixed costs per month include the fixed portion of the utilities cost, as well as the facility lease, equipment depreciation, and supplies:
Utilities cost (from part 1) = $500Facility lease = $14,000 / 12 = $1,166.67Equipment depreciation = $4,300 / 12 = $358.33Supplies = $660 / 12 = $55.00So, we have
Total fixed costs = $500 + $1,166.67 + $358.33 + $55.00 = $2,080.00
The break-even number of casesThe break-even number of cases per month can be calculated using the following formula:
Break-even cases = Fixed costs / Contribution margin per case
Substituting the values from parts 2 and 3:
Break-even cases = $2,080 / $55.80
Break-even cases = 37.28
Therefore, the break-even number of cases per month is 38 (rounded up to the nearest whole number).
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Match each term with its definition.
a. accelerated depreciation method
b. amortization
c. book value
d. boot
e. capital expenditures
f. capital leases
g. copyright
h. declining-balance method
i. depletion
j. depreciation
k. fixed assets
l. goodwill
1. Long-term or relatively permanent tangible assets that are used in the normal business operations.
2. The systematic periodic transfer of the cost of a fixed asset to an expense account during its expected useful life.
3. The estimated value of a fixed asset at the end of its useful life.
4. A method of depreciation that provides tor equal peri0dic depreciation expense over the estimated life of a fixed asset.
5. A method of depreciation that provides tor depreciation expense based on the expected productive capacity Of a fixed asset.
6. A method of depreciation that provides periodic depreciation expense based on the declining
book value of a fixed asset over its estimated life.
7. The cost of a fixed asset minus accumulated depreciation on the asset.
8. A depreciation method that provides for a higher depreciation amount in the first year of the assets use, t0110wed by a gradually declining amount of depreciation.
9. The costs of acquiring fixed assets, adding to a fixed asset, improving a fixed asset, or extending a fixed assets useful lite.
10. Costs that benefit only the current period or costs incurred for normal maintenance and repairs
Answers
Answer:
Definition Item
1. fixed assets
2. depreciation
3. amortization
4. copyright
5. depletion
6. declining-balance method
7. book value
8. accelerated depreciation method
9. capital expenditures
10. boot
Explanation:
The Definition has been matched to the items as above.
3. ABC suppliers have an idea that an organization should be in good terms with the community, customers, and potential customers. Explain what public relations is. [2x1] [2]
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Public relations (PR) is the practice of managing the communication between an organization and its various stakeholders, including the community, customers, potential customers, employees, investors, and the media.
The goal of Public relations (PR) is to create and maintain a positive image of the organization in the eyes of its stakeholders, enhance its reputation, and build relationships with key stakeholders.
PR professionals use various tools and strategies, such as press releases, media outreach, events, and social media, to communicate the organization's message and engage with its audiences.
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