The variable overhead spending variance is $3,567 and the variable overhead efficiency variance is -$700.
How to determine the variable overhead spending varianceTo calculate the variable overhead spending variance and the variable overhead efficiency variance, we'll compare the actual costs with the standard costs for the variable overhead.
Calculate the standard variable overhead cost:
Standard variable overhead cost per unit = Standard variable overhead per unit * Actual production
Standard variable overhead cost per unit = $2 * 12,300 = $24,600
Calculate the variable overhead spending variance:
Variable overhead spending variance = Actual variable overhead cost - Standard variable overhead cost
Variable overhead spending variance = $28,167 - $24,600 = $3,567
The variable overhead spending variance is $3,567.
Calculate the variable overhead efficiency variance:
Variable overhead efficiency variance = (Actual direct labor hours - Standard direct labor hours) * Standard variable overhead rate
Standard direct labor hours per unit = 2 (given)
Standard direct labor hours = Standard direct labor hours per unit * Actual production
Standard direct labor hours = 2 * 12,300 = 24,600
Variable overhead efficiency variance = (23,900 - 24,600) * $1
Variable overhead efficiency variance = -700 * $1 = -$700
The variable overhead efficiency variance is -$700.
Therefore, the variable overhead spending variance is $3,567 and the variable overhead efficiency variance is -$700.
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on january 1, 2021, lee company paid $1,870,000 for 80,000 shares of thomas co.’s voting common stock which represents a 45% investment. no allocation to goodwill or other specific account was necessary. significant influence over thomas was achieved by this acquisition. thomas distributed a dividend of $2.00 per share during 2021 and reported net income of $720,000. what was the balance in the investment in thomas co. account found in the financial records of lee as of december 31, 2021?
The balance in the investment in Thomas Co. account found in the financial records of Lee as of December 31, 2021, was $1,964,000.
How was the balance in the investment in Thomas Co. account calculated?To calculate the balance in the investment in Thomas Co. account, we need to consider the initial investment, dividend received, and the share of net income.
First, the initial investment was $1,870,000 for 80,000 shares, representing a 45% ownership stake. To find the value of 100% ownership, we can divide the initial investment by the ownership percentage: $1,870,000 / 0.45 = $4,155,556.
Next, we need to account for the dividend received. Thomas Co. distributed a dividend of $2.00 per share, so the total dividend received would be: $2.00 x 80,000 shares = $160,000.
Finally, we consider the share of net income. As Lee Company has a 45% ownership stake, their share of Thomas Co.'s net income would be: $720,000 x 0.45 = $324,000.
Adding up the initial investment ($4,155,556), dividend received ($160,000), and share of net income ($324,000), we get the balance in the investment in Thomas Co. account: $4,155,556 + $160,000 + $324,000 = $4,639,556.
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Bethany is doing a research project that involves several numbered lists and calculations. She wants to use technology to make the organization less tedious and more effective. What type of software program should she use? HURRY TIMED TEST
A. Word processor software
B. Presentation software
C. software
D. Spreadsheet software
Answer:
D
Explanation:
Bc u can put lists in there and u can do the math in there too
Bethany is doing a research project that involves several numbered lists and calculations. She shall used Spreadsheet software. Option D is correct.
What is spreadsheet software?A spreadsheet is a piece of application software that can store, display, and edit data that has been organized into rows and columns. One of the most used tools for personal computers is the spreadsheet. In general, a spreadsheet is made to store numerical data and short text strings.
Furthermore the spread sheet consist of formula functions & mathematical expressions & operations, tabular representation & graphical data presentation can also be well performed with the use of this application software.
Therefore spreadsheet software are best resource for making list and long calculations.
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a trial balance prepared after adjusting entries are posted.
A trial balance is a statement that lists all the accounts in the general ledger and their respective balances at a specific point in time.
It is usually prepared at the end of an accounting period to ensure that the total debits equal the total credits and that all transactions have been recorded accurately. However, a trial balance prepared before adjusting entries may not reflect the correct balances of certain accounts, such as prepaid expenses, accrued revenues or expenses, and depreciation.
To correct these errors, adjusting entries are made at the end of the accounting period to update the balances of the affected accounts. After these entries have been made, a new trial balance is prepared to ensure that the accounts have been adjusted correctly and that the total debits still equal the total credits.
Therefore, a trial balance prepared after adjusting entries are posted reflects the accurate balances of all accounts, including those that were previously adjusted. This ensures that the financial statements prepared from this trial balance will provide a true and fair view of the company's financial position and performance.
It is a critical step in the accounting process and provides a basis for preparing accurate financial statements and making informed business decisions.
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when a market for an intermediate good is imperfectly competitive, the transfer price must _________ the external market price.
When a market for an intermediate good is imperfectly competitive, the transfer price must differ from the external market price.
In an imperfectly competitive market, there are market imperfections such as market power, limited competition, or barriers to entry. In this context, firms have some control over the pricing of their intermediate goods. When determining the transfer price, which is the price at which goods are exchanged within a company or between divisions of the same company, the firm may strategically set the price to achieve certain objectives.
The transfer price can be set either higher or lower than the external market price depending on the specific circumstances and objectives of the firm. It may be set higher to shift profits to a division with lower tax rates or to reflect the value-added within the company. Alternatively, it may be set lower to encourage the internal sale of goods and maintain competitiveness in the external market.
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Karen makes custom jewelry. In order to sell her jewelry, Karen rents a small kiosk at the local mall for $50 per month. She must buy blank medallions, stones, and chains to make her custom necklaces. These supplies cost approximately $30. Karen sells her necklaces for $55 each. How many necklaces must she sell to cover her costs?
Answer:
She will break even each month / cover her costs by selling 2 necklaces
Explanation:
If it's $50 a month, that is Karen's total monthly costIt costs $30 to make each necklaceShe sells the necklace for $55 eachTotal profit for each necklace therefore = sales price - cost, or $55 - $30, which is $25 profit per necklaceTo cover rent, which is $50, you take rent / profit per necklace or $50 / $25 profit per necklace, which is 2 necklacesWhat are the highest and the lowest priced commodities in matrixville? list the inhabitants of this charming town in order of increasing income. If our friend bob makes $40,000 per year, what are the incomes for the rest of the inhabitants? with all the moonshine that bob drinks, do you think he will live long enough to enjoy his good life?
With all the moonshine Bob consumes, his health will suffer and he will not be able to live a happy life. The other residents will receive the quantity according to the ratio determined by the organisation.
It illustrates how your business is using its resources and paying for its expenses in order to generate profits. Because it demonstrates how well the organisation is doing, the profitability ratio should be as high as it can be. Among the profitability ratios, profit margin and return on assets and equity are two examples. Ratio analysis looks at line-item data from a company's balance sheet to provide insights on profitability, liquidity, operational performance, and solvency. Ratio analysis enables you to compare businesses within the same industry or market and follow the evolution of one particular business.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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true false Stocks, or equity securities, represent the purchase of ownership in a business corporation.
It is true that stocks or equity securities represents the purchase of ownership in a business corporation.
Stocks is also called (equity securities) and refers to the security that represents the ownership of a fraction of the corporation.
These fraction of ownership are owned by the Shareholders who wishes to own a share of the company.
So, these shareholder are paid dividend depending on how the company performs in the accounting year.
Therefore, it is true that stocks or equity securities represents the purchase of ownership in a business corporation.
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A closed-end fund starts the year with a net asset value of $25.00. By year-end, NAV equals $25.30. At the beginning of the year, the fund was selling at a 2% premium to NAV. By the end of the year, the fund is selling at a 7% discount from NAV. The fund paid year-end distributions of income and capital gains of $3.80 a. What is the rate of return to an investor in the fund during the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What would have been the rate of return to an investor who held the same securities as the fund manager during the year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
The rate of return to an investor in the fund during the year is approximately -14.00%.
a. To calculate the rate of return to an investor in the fund during the year, we need to consider the changes in NAV, distributions received, and the initial premium/discount.
Initial NAV: $25.00
Final NAV: $25.30
Year-end distributions: $3.80
Step 1: Calculate the change in NAV
Change in NAV = Final NAV - Initial NAV
Change in NAV = $25.30 - $25.00
Change in NAV = $0.30
Step 2: Adjust for distributions
Adjusted Change in NAV = Change in NAV - Distributions
Adjusted Change in NAV = $0.30 - $3.80 (negative because it's a distribution)
Adjusted Change in NAV = -$3.50
Step 3: Calculate the rate of return
Rate of Return = (Adjusted Change in NAV / Initial NAV) * 100
Rate of Return = (-$3.50 / $25.00) * 100
Rate of Return ≈ -14.00%
Therefore, the rate of return to an investor in the fund during the year is approximately -14.00%.
b. To calculate the rate of return to an investor who held the same securities as the fund manager during the year, we need to consider only the change in NAV.
Rate of Return = (Change in NAV / Initial NAV) * 100
Rate of Return = ($0.30 / $25.00) * 100
Rate of Return ≈ 1.20%
Therefore, the rate of return to an investor who held the same securities as the fund manager during the year is approximately 1.20%.
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Spell all words correctly.
Identify the marketing research technique implied in the scenario.
A sports beverage company has created a new ad for their product to alr on television. After the ad alrs, they intend to show the ad to a certain
number of customers and then ask them for their feedback regarding the ad. This company is engaging in the
market research technique.
The marketing research technique implied in the scenario is "advertising research."
What is marketing research?Generally, Marketing research is the process of gathering and analyzing information about consumers, competitors, and the market environment to inform a company's marketing strategy and decisions. It typically involves collecting data through surveys, focus groups, interviews, and other methods, and then analyzing the data to gain insights about customer preferences and behaviors.
Correct! The marketing research technique implied in the scenario is advertising research, specifically pre-testing an advertisement before it airs to a larger audience.
This helps companies ensure that their advertising messages are effective and resonate with their target audience.
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Credit bureaus report credit information in order to:
A. educate the public about interest rates.
B. help lenders make informed decisions.
C. help borrowers choose a lender.
D. help borrowers find easy credit.
SUBMIT
Answer:
A. educate the public about interest rates.
Answer: b. help lenders make informed decisions.
Explanation:
i took the quiz.
Identify the two most important of the five forces factors that are affecting the pc market, why?.
Threat of substitutes and Threat of new entrants are the two most important of the five forces factors that are affecting the pc market.
Threat of substitutes:
The risk of alternative products has increased for the personal computing sector. Since consumers now have great options in the shape of portable devices like big-screen smart phones and tablets that may give the same functionality but without the need to carry a bulky laptop, the demand for PCs has decreased as a result of the proliferation of mobile technology.
Threat of new competitors:
There are various reasons why the threat of new competitors in the personal computing sector is very low. A new player's entry into the personal computing market is hindered by a number of requirements in addition to the high amount of expenditure needed to establish a brand.
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Business started by sulav investing cash
RS. 50,000 and bank balance RS. 100,000.
Answer:
particular. l.f. Dr.rs. Cr. rscash A/C. 50,000
BANK A/C 100,000
TO CASH A/C. 150,000
Business started by sulav investing cash Rs. 50,000 and bank balance Rs. 100,000 so the cash account on 150,000.
What is business?
The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
According to the business are the started by the investing cash are the bank balance to the bank are the based on the journal entry.
The journal entry on the statement on the business.
Date particular l.f. Dr. Cr.
cash a/c 50,000
Bank a/c 100, 000
To cash a/c 150, 000
As a result, business started by sulav investing cash Rs. 50,000 and bank balance Rs. 100,000 so the cash account on 150,000.
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kathy is performing the role of
what do the tree roots do that interests the scientists
Studying tree roots is crucial for nutrient, water, soil stabilization, carbon storage, and ecosystem health, attracting scientific interest and research.
Tree roots play several important roles that interest scientists. Firstly, they are responsible for absorbing water and nutrients from the soil, providing essential resources for tree growth and survival.
The efficiency and adaptability of root systems in acquiring these resources are of great interest to scientists studying plant physiology and ecology.
Additionally, tree roots contribute to soil stabilization by anchoring trees and preventing erosion. The intricate network of roots helps hold the soil in place, especially in areas prone to landslides or erosion.
Understanding the structural characteristics and mechanisms of root systems can provide insights into soil conservation and land management practices.
Furthermore, tree roots play a role in carbon sequestration and nutrient cycling. Through their interactions with soil microorganisms, roots facilitate the exchange of nutrients and contribute to the cycling of organic matter, influencing soil fertility and ecosystem productivity.
Scientists study these processes to gain a better understanding of carbon dynamics, nutrient cycling, and the overall functioning of forest ecosystems.
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Which is the main reason why IT professionals need to pursue continuing education and self-directed learning?
to obtain a formal degree
to develop a broad historical perspective
to meet legal training requirements
to maintain and improve professional skills
Answer:
B
Explanation:
Continuous professional development gives people the chance to improve their existing abilities and fill in any knowledge gaps, giving them an advantage in situations where they might need it, like a job interview.
Thus, Option D is correct.
What does professional development serve as?To support individual, school-wide, and district-wide improvements for the objective of raising student achievement, professional development aims to enhance knowledge and abilities. Federal and state mandates place a constant increase in demands on educators.
The rules and expectations for all public schools across the nation have drastically changed as a result of the federal No Child Left Behind legislation. One of the numerous modifications is the requirement that all professional development be directed on raising student accomplishment.
Therefore, professional development typically entails teachers expanding their knowledge of instructional strategies or extending their comprehension of academic content.
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What are the primary responsibilities
for financial and insurance records
processing professionals regarding
handling documents for easy retrieval?
A. retrieving and dating
B. collecting and filing
C. making and retrieving
The main duties of financial and insurance records processing specialists when handling documents for simple retrieval are making and retrieving. Retrieval exercise is crucial since it improves students' learning and helps to develop their schema. Option C
By allowing pupils to recall previously studied material and fortify their memory traces, it helps students' memories. Additionally, it makes it more likely that information will be retained in long-term memory. Students' schemas are strengthened by retrieval practise, which enables them to commit the knowledge to long-term memory.
Retrieval practise increases learning effectiveness; creating and using concept maps, flashcards, or any other retrieval practise tool will promote greater learning than underlining or rereading.
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When performing a job search, which two of the following tips should you employ in regard to the keywords you use?
Use five or more keywords at the same time.
Choose narrowed over broad keywords.
Use the same keyword every time.
Use variations of keywords to broaden your results.
Consider unrelated keywords for the topic.
Two of the following tips you should employ in regard to the keywords you use for job:
Choose narrowed over broad keywords.Use variations of keywords to broaden your results.Keywords are words or brief phrases related to specifications for a particular project. To filter through resumes and focus on candidates who have the qualifications they need, hiring managers employ keywords. Additionally, many businesses employ applicant tracking systems (ATS) to discover the most pertinent candidates.
Using job-related keywords is crucial for a number of reasons, such as: makes job applicants stand out: Candidates may have a higher chance of being discovered by employers or hiring managers if they include the appropriate keywords in their resume, cover letter, and other professional documents.
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WARM UP: If a person dies in cold weather, does that increase or decrease rigor mortis? What about Warm weather?
Answer:
cold weather:decrease rigor mortis warm weather: increase
Explanation:
Ambient temperature: Warm conditions speed up the onset and pace of rigor mortis by providing a hospitable environment for the bacteria and processes that cause decay. Cold temperatures, on the other hand, slow it down. If someone dies outside in freezing temperatures, rigor mortis can last for days.
Not only does the surrounding ambient temperature affect the onset of rigor mortis, but the internal temperature of the body at death does as well. Having a high fever at the time of death will accelerate the progression of rigor mortis.
Explain the role audit committee plays in the company
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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what should you consider regarding auto insurance before buying a vehicle
Answer:both a and c
Explanation:
i did the quiz
if your nominal salary does not increase for three years, your real salary will have declined.a. true b. false
The given statement if your nominal salary does not increase for three years, your real salary will have declined is true because of the effect of inflation.
If your nominal salary (the actual amount of money you are paid) does not increase for three years, and there is inflation (an increase in the general price level of goods and services in the economy), then your real salary (the purchasing power of your salary) will have declined.
Inflation reduces the purchasing power of money over time. This means that the same amount of money will buy fewer goods and services in the future than it could in the past. If your nominal salary stays the same while prices are increasing due to inflation, then the purchasing power of your salary will decrease over time. This means that you will be able to buy fewer goods and services with your salary than you could in the past.
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If the stock turnover rate for your industry is 3, how many months' worth of inventory should you keep in stock at all times? (a) 2. (b) 3, (c) 4,
(d) 9.
Answer:
2
Explanation:
At the end of a long day, Sabrina, a cashier for a supermarket is counting the paper money. One of the bills falls from the cash register into the bottom of Sabrina's purse. What elements of embezzlement are present in this situation? Should Sabrina be convicted of embezzlement? Why or why not?
Answer:
It is an act of theft and conversion of property that is not her own. However it is not intentional
She should not be convicted
Explanation:
Embezzlement is defined as the intentional managemnet of.funda that are put in the care of a person. This is done in order to have a personal gain from the management.
It is when an individual engages in theft of entrusted funds.
In the given scenario although the cash fell into her bag, she did not intentionally take the money for personal gain.
As this is the main concept of embezzlement, she can't be held guilty of embezzlement
You should induce vomiting in a child you suspect has been poisoned ONLY when
you have been instructed to do so by the poison center expert.
True
O False
Answer:
The correct answer is the option: False.
Explanation:
To begin with, when it comes to terms of helping someone and moreover saving someone's live it is absolutely necessary to always act in order to make sure that everything that was possible to do was done, so therefore that it is understandable that in a case where a child has been poisoned with something then the person closer must know that he could induce vomiting by putting the finger into the throat, gently, so that the body will automatically try to throw up. Otherwise if the person might have not been instructed by the poison center expert and the kid is posible to pass out then the situation can get worse if the person does not do something.
Can we treat all small businesses the same? Why or Why not?
Answer:
Depends on what you define as small business, if you mean a mom and pop pharmaceutical store across the road that keeps the money within the family and has every member of the family working in the shop to create an infinite amount of revenue for themselves until they hit a profit, then sure. They contribute tax dollars to the community through supplying jobs and creating cheaper cost for locals, which gives incentive to buy more in bulk and thus creating more tax dollars. Unless you are talking about the man in the apartment building who makes home grade meals and sells them cheap to his community, then no. While he is contributing tax dollars all those dollars aren't going back into the community until he buys something with that money, and the people who spent that money just got a tax free meal that 't go into the community didn't.
Explanation:
Select the correct answer from each drop-down menu.
What cultural aspects must businesses consider when making marketing decisions?
Companies must consider the
political scenarios
of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in
underdeveloped
societies. Marketers must also learn about
to avoid conflicting with religious or social sentiments.
Answer:
the first one is not political scenarios
the second one is not underveloped
and the final one is social and cultural norms
Explanation:
i took the test ande i only got the third one right
Answer:
Cultural Norms, Hierarchical, and Social & Cultural Norms
Explanation:
Companies must consider the cultural norms of different countries to run sustainable business. This practice also helps safeguard the reputation and goodwill of their brands.
Businesses should avoid portraying rebellious behavior in hierarchical societies. Marketers must also learn about social and cultural norms to avoid conflicting with religious or social sentiments.
This is 100% correct on the test.
In its annual time use study in 2017, the bls found that the average adult spends __________ per day on unpaid work.
In its annual time use study in 2017, the BLS found that the average adult spends 2.4 hours per day on unpaid work.
An American government organization called the Bureau of Labor Statistics (BLS) is in charge of gathering and disseminating a variety of economic and employment data.
The Consumer Price Index (CPI) and Producer Price Index are two important inflation indicators produced by the BLS (PPI).
The BLS also generates regional and national statistics on wages, productivity, labor force participation, and employment.
The BLS, a division of the U.S. Department of Labor (DOL), is responsible for collecting, compiling, and publishing a variety of statistical data on the labor market, pricing, and productivity.
The figures this government agency generates are among the most important economic indicators for the American economy, and it goes to considerable pains to ensure the accuracy, impartiality, and accessibility of its reports.
Hence, in its annual time use study in 2017, the BLS found that the average adult spends 2.4 hours per day on unpaid work.
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What role do sources play in validating an argument? Are we able to rely on the internet to provide complete and truthful information? Of course not, but how do we discern? How do we determine the motives of the people we're reading? One thing we have learned is that the people screaming most loudly about dishonesty are the ones being most dishonest. That isn't by accident. So, what do you do? And how does that apply to this week's content?
Incomplete question. However, I answered from a general research perspective.
Explanation:
What role do sources play in validating an argument?
Well, the term source basically refers to the originator of any information. We have sources that are considered credible sources (like Encyclopedia, Journal Magazine, Newspaper, etc) and others that are considered incredible sources (general social media post). Knowing the kind of source could thus help validate an argument.
Relying on the internet to provide complete and truthful information is difficult considering the amount of fake news available today.
Choose the correct stage in the development of professional identity for the given definitions/statement. (5 pts)
"The individual has developed a system in which the personal and professional values are integrated. The individual reflects upon the professional practice and can make autonomous decision without the influence of others."
Independent Operator Team-Oriented Idealist Self-Defining Professional
The correct stage in the development of professional identity for the given definitions/statement is "Self-Defining Professional."
The correct stage in the development of professional identity for the given statement is "Self-Defining Professional." At this stage, the individual has achieved a high level of professional maturity. They have integrated their personal and professional values, allowing them to align their actions with their beliefs. They have gained a deep understanding of their professional practice and are capable of reflecting on their experiences and making independent decisions. They no longer rely on the influence of others to guide their actions and can confidently navigate their professional responsibilities. This stage represents a strong sense of autonomy and self-awareness in their professional identity.
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