The total overhead variance is an unfavorable $2,000 (the overhead account has a $2,000 debit balance). The volume variance contributed a $5,000 unfavorable.
What is total overhead variance?The total overhead variance is the difference between the total overhead absorbed and the actual total overhead incurred.
Total overhead charged to the overhead account was $42,000, the amount applied was $40,000, the difference, $2,000, is the total unfavorable overhead variance.
Volume variance: the amount applied- the budgeted fixed overhead + standard hours allowed x variable at the budgeted rate.
Derive rates : The budgeted rates are derived from the $40,000 applied based on 5,000 hours. The total rate is $8.00 per hour ($40,000/5,000). The $3.00 variable rate is given, so the fixed rate must be $5.00.
Fixed costs: Budgeted fixed costs are the budgeted production of 6,000 units* 1 hour times the $5.00 rate or $30,000.
Variable costs: Variable overhead based on allowed hours is $3.00 times 5,000 or $15,000. The budget based on standard hours allowed is, therefore, $45,000 ($30,000 fixed + $15,000 variable).
Variance computation: The volume variance is the difference between the $45,000 allowed and the $40,000 actually applied, $5,000.
Budget standard hours allowed: Fixed - 5.00 *6,000 = 30,000
Variable- 3.00 * 5,000 = 15,000
Overhead applied = 45,000
Overhead applied: Fixed- 5.00 * 5,000 = 25,000
Variable- 3.00 * 5,000 = 15,000
Overhead applied = 40,000 and Net overapplied volume= 5,000
Net overapplied overhead = $2,000
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Imagine that a company uses your personal data as part of a financial transaction. Before it occurs, you are not made aware of the nature and scale of this transaction. What concept of data ethics does this violate
The concept of data ethics does this violate is currency.
What is the Data Ethics?A subfield of ethics known as "data ethics" assesses data practices that could have a negative effect on persons and society. It refers to the collection, gathering and analyzing the personal data of the people.
People should be informed of the size of the financial transactions made possible by the usage of their personal data. Aggregate data sets ought to be openly accessible. That kind of the Data ethics is known as currency.
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Which pair of products can be regarded as substitute products?
The products can be paired as substitute products is Internet radio and traditional radio
Because both the products provide the same benefit and result. Both provide audio output.
What is a Substitute?
The substitute products are the products that can be replaced for each other providing the same benefit and result.
Few examples of the substitute products are as follows
Books and E-booksButter and margarineEye glasses and contact lensesFlip flops and sandalsSalmon and Tuna#SPJ12
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If an economy were experiencing a high rate of unemployment as the result of weak aggregate demand, a Keynesian economist would be most likely to recommend a. a reduction in taxes, without any offsetting reduction in government expenditures. b. maintenance of a balanced budget. c. a reduction in taxes coupled with a reduction in government expenditures of equal size. d. an increase in government expenditures coupled with an increase in taxes of equal size.
The recommendation by a Keynesian economist to tackle the high rate of unemployment as the result of weak aggregate demand is A. a reduction in taxes, without any offsetting reduction in government expenditures.
What is Unemployment?This refers to the situation where a person or group of persons are out of work or cannot find any work.
Hence, we can see that based on Keynesian concepts that would work to tackle unemployment based on the given scenario, the most likely recommendation would be option A.
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Household spending on education is included in
Household spending on education is included in the consumption of services.
What is household spending?Household spending is consumption expenditure by households to meet their needs and wants.
Household spending is determined by the size of the household and the household's disposable income.
Thus, household spending on education is included in the consumption of services.
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Many employers give employees a process and procedure through which to communicate unfair treatment. This process and procedure is known as a(n) ________ procedure.
When any employers give employees a process and procedure through which to communicate unfair treatment. This process and procedure is known as "grievance review" procedure.
What is grievance review?Employees may address issues relating to their employment through the Grievance Procedure, a four-step management review process, in accordance with the steps outlined in this Standard Practice Guide.
Step 1: To discuss the matter amiably with the employer.Step 2: Complain about the situation in writing.Step 3: This involves a grievance investigation.Step 4: To analyse the facts and make a conclusion, a grievance hearing might be necessary.To know more the structured grievance procedures, here
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The classified balance sheet will show which asset subsections?
Asset subsections of the classified balance sheet will show
Current assets.Long-term investments.Fixed assets (or Property, Plant, and Equipment)Intangible assets.This is further explained below.
What is a balance sheet?Generally, the balance sheet is simply defined as a record of the financial standing of a company or as of a certain date, including a breakdown of its assets, liabilities, and capital as well as a summary of its revenue and expenses during the prior accounting period.
In conclusion, Current assets, Long-term investments are some of the Asset subsections of the classified balance sheet
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In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on:
In the efficiency wage model with the efficiency wage above the market-clearing wage, the level of employment depends on: labor demand alone.
What is wages model?Wages model is a model that stated that wages which a worker or an employee earn is based on the workforce or the amount of money available to pay the workers.
In a situation were will have wage that is above the market-clearing wage this tend to mean that the level of employment will depends on labor demand only.
Therefore the level of employment depends on: labor demand alone.
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Which type of decision maker over-analyzes a given piece of information?
Agonizer is the type of decision maker over-analyzes a given piece of information.
What is decision in the organization?Decision is the important factor in the organization as the organization go on the decision take the people work in a firm. The decision can make or break the company and the good decision always beneficial for the company.
The options are missing in the question
A. Mystic
B. Agonizer
C. Submissive
D. Fatalist
Thus, option B is correct.
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write command to list of available database on your pc
show tables;
Explanation:
[ db name ];
Now, suppose the fish cannery has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the fish cannery willuse the recycling method, and the resort will pay the fish cannerybetween $300 and $800 per week. The resort will make the most economic profit whenit has property rights to a clean lake . True or False: The fish cannery will use the recycling method, regardless of who has the property rights. True False
The fish cannery will use the recycling method, regardless of who has the property rights: TRUE
What is recycling?Recycling is the process of gathering and converting resources into new goods that would otherwise be thrown away as waste. Both the environment and your community may benefit from recycling.Given situation:"Suppose the fish cannery has the property rights to the lake, including the right to pollute it.
In this case, assuming the two firms can bargain at no cost, the fish cannery will use the recycling method, and the resort will pay the fish cannery between $300 and $800 per week.
The resort will make the most economic profit when it has property rights to a clean lake."
Therefore, the following statement "the fish cannery will use the recycling method, regardless of who has the property rights is TRUE.
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In the tiered architecture, the erp application is stored on the ________ tier
The erp application is stored on the business logic tier in tiered architecture.
What is an erp application?Also called a Enterprise resource planning software, involves the use of software, technologies and systems to manage and integrate their core business processes.
As the tiered architecture is concerned, the erp application is stored on the business logic tier.
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a a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.
It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.
What is competitive market?A perfect competitive market has a straight line graph on the demand of goods and services this means that the goods are sold at the market price. Monopoly market price are not regulated hence the curve is not straight.
Therefore, It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.
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Which group of people ultimately determines the products that a command economy produces?.
The group of people that ultimately determines the products that a free enterprise economy produces is Consumers. Read below about Enterprise economy produces.
What is an Enterprise economy?Enterprise economy is an economy in which people take risks when they invest their money, start new businesses, etc. Free enterprise refers to an economy where the market determines prices, products, and services rather than the government. Businesses and services are free of government control.
Therefore, the correct answer is as given above.
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During the production era it was believed that one should produce as much as you can, because:
During the production era it was believed that one should produce as much as you can, because: the resources was unlimited.
What was the production era?This was the era that started the industrial revolution in the United States. The industrial era is known for the low cost production and mass production.
People produced goods and there was market for the products hence there was profitability.
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Sophia's family is growing, and she needs to buy a bigger car by financing it for five years. why is it important for her to check the information recorded on her
credit report?
to verity that her report reflects accurate on-time payment history
to confirm that her report has the correct car brand and model
to check that her report includes the appropriate maintenance schedule
to ensure that her report shows the correct license registration
It is important for her to check the information recorded on her credit report to verity that her report reflects accurate on-time payment history.
What is credit report?This refers to the list that shows a client data about their credit activity such as loan paying history, status of credit accounts etc
Hence, Sophia needed to check the information recorded on her credit report to verity that her report reflects accurate on-time payment history.
Therefore, the Option A is correct.
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Answer:
A. to verity that her report reflects accurate on-time payment history
Explanation:
The study of how people make decisions in situations where attaining their goals depends on their interactions with others is called.
The correct answer is: "Game theory"
Hope this helps :)
does the standard unemployment rate underestimate or overestimate the unemployment problem?
The standard unemployment rate underestimate unemployment problem.
What is unemployment?Unemployment occurs when there are no suitable Jobs for People or individual who are willing to work.
This can be due to a decline in the economy of a country or state.
The rate of unemployment may not be easily measured because of the constant increase and decrease.
Therefore, The standard unemployment rate underestimate unemployment problem.
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Accounts receivable are normally reported at the: Present value of future cash receipts. Current value plus accrued interest. Net realizable value which is Accounts receivables minus allowance for uncollectible. Current value less expected collection costs.
The accounts receivable are normally reported at the expected amount to be received.
What is an accounts receivable?This refers to the amounts owed by client which is due for payment within 30 days after the sale of goods and services on credit.
In accounting, the accounts receivable are normally reported at the expected amount to be received.
Therefore, the Option E is correct.
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When the Federal Reserve lends money to banks and other financial institutions because no one else will, it is: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices acting as a lender of last resort. conducting open market operations. creating a liquidity crisis. acting as a primary market participant.
The Federal reserve is acting as a lender of last resort when its lends money to banks and other financial institutions because no one else will/
What is the Federal Reserve?It is the United states central banking system that is responsible for the nation's monetary policy and regulation of the supply of money and interest rates.
One of the role of Federal reserve is to act as a lender of last resort when its lends money to banks and other financial institutions because no one else will.
Therefore, the Option A is correct.
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Although it may seem straightforward, the management process is complex. The management functions include:
Although it may seem straightforward, the management process is complex. The management functions include: applying and distributing organizational resources effectively.
What are management functions?This is a term that is used to refer to the work that is done by the people that are at the management level in an organization.
Most of these functions have to do with the fact that the resources in the business are well distributed.
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The persistence of budget deficits during the last several decades is not surprising because politicians will find a. tax increases more attractive than increases in government expenditures. b. reductions in government expenditures more attractive than tax reductions. c. budget surpluses more attractive than budget deficits. d. budget deficits more attractive than budget surpluses.
Budget deficits have persisted in the last several decades because politicians find d. budget deficits more attractive than budget surpluses.
Why do politicians prefer budget deficits?Budget deficits are a sign that the government spent all that it had and then spent some more to make sure that the citizens were taken care of.
This is unlike budget surpluses where it looks like the government had money to spare and didn't spend it on the nation.
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Tell me about a time you were able to understand someone else's viewpoint that differed from your own. describe the situation, your actions, and the outcome. targettttt
A time when you were able to understand another person's point of view that was different from your own could be a student or political debate for example.
What is a debate?It is a meeting of individuals to present arguments on a given topic, in a structured and formal way. To be effective, it must be organized and mediated by a leader who guarantees the chance for each member to express their ideas, being heard and respected by the other members.
The central objective of a debate is to help in the search for solutions, refute theories, generate reflection and adherence to certain points of view.
Therefore, it is essential that individuals be able to express themselves freely in society without suffering retaliation, as long as their opinions are based on ethics and respect for different opinions.
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Which of the following is an example of trade barriers imposed by Japan? Multiple Choice U.S. basTo comprehend why a society thinks and behaves in a particular way, an observer should consider how the region's history and geography have influenced itsballs are not good enough for Japanese baseball teams. The unique nature of snow requires skis made in Japan. California rice must be mixed with Japanese rice. All of these choices are correct.
The correct option is E). All of these choices are correct.
What trade barriers were imposed by Japan?Along with the tariff barriers, Japan also have some non-tariff barriers that may impact commercial activity of foreign products into Japan.
Japan prohibited the imports of narcotics, firearms, explosives, and products that violate intellectual property laws.
Japan's tariff system offers lower and duty-free rates to those products which has been imported from developing countries.
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As you get older, a Target Date Fund will adjust
by...
a.
Slightly decreasing your stocks and
holding your bonds the same.
b.
Decreasing your stocks and increasing
your bonds.
c.
Increasing your stocks and decreasing
your bonds.
d.
Holding your stocks the same and
slightly increasing your bonds.
The target Date fund will adjust by holding your stocks the same and slightly increasing your bonds. Therefore the correct option is (D).
What is Target-date funds ?Target-date funds are the funds which increases the assets for the specific time period. It is also known as exchange traded funds. Thus it is an life cycle fund wherein the allocation of the portfolio gradually becomes more cautious.
The Target Date fund will adjust by holding your stocks the same and slightly increasing your bonds. Therefore the correct option is (D).
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A financial services company with insurance, investments, mortgages, and banking divisions is best characterized as having aMultiple Choicefunctional design.product structure.geographic structure.horizontal design.
A financial services company with insurance, investments, mortgages, and banking divisions is best characterized as having a product structure.
What is product structure?Product structure can be defined as structure that comprises of the different services a company or organization rendered or offers to their customers.
The financial services tend to offer different product or service within the company.
Therefore the correct option is B.
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abc has a $5 million liability at december 31, 2018, of which $1 million is payable in each of the next five years. abc reports the liability on the balance sheet as a:
abc should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.
LiabilityThe liability will appear in the balance sheet as:
Current liability (Payable)= $1 million
Long term liability=$5 million-$1 million
Long term liability=$4 million
Therefore abc should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.
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which is true of the influencers found among early adopters?
What is true about the influencers found among early adopters is that a. They are not focused on earning the respect of others.
Who are the influencers ?Influencer can be regarded as those that are found in life that involve themselves in endorsements and product placement .
These people are found in different organizations and have purported expert level of knowledge , however They are not focused on earning the respect of others.
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Terry purchases a property. the deed includes a description of an easement given to the neighboring property. this is an easement created by ______.
This is an easement created by statute or court action.
What is a statute?It should be noted that a statute simply means a written law that's passed by a legislative body.
In this case, purchases a property. the deed includes a description of an easement given to the neighboring property. this is an easement created by an easement created by statute or court action.
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Suppose you spend time clipping coupons for cereal before going to the grocery store. However, once you arrive at the store you realize that the coupons have already expired. The time spent clipping coupons are an example of a ...
The time taken on clipping the coupons prior to going to the grocery store would be an opportunity cost.
What does the opportunity cost mean?
The opportunity cost is the amount that an individual has to forget on choosing another alternative.
When arriving at the grocery store, the individual got to know that the coupons he/she has have already been outdated. This shows that the time of clipping the coupons would result in the forgone benefits of availing of the coupon on time.
Therefore, the opportunity cost is represented by the time taken to clip the coupons.
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Which of the following items have elastic demand? (Remember: items that are “wants” and/or have many substitutes tend to be elastic. Items that are “needs” and/or have few substitutes tend to be inelastic.) Select all that apply.
Group of answer choices
Apple Juice
Jeans
Salt
Chicken
Gasoline
Insulin
The items that have elastic demand include A. Apple Juice, B. Jeans, and D. Chicken.
What is elastic demand?Elastic demand means that the demand for goods changes based on economic factors like income or price.
Goods with elastic demand usually have substitutes because they are wants and not needs.
Thus the items that have elastic demand include A. Apple Juice, B. Jeans, and D. Chicken.
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