Answer:
Business Solutions
Second-quarter 2018
Fixed Budget Performance Report
Budgeted Actual
Variable expenses for desks $104,720 $104,720*
Variable expenses for chairs, $20,800 $20,800*
<u>Fixed expenses $34,000 $35,800</u>
<u>Total Expenses $159,520 $ 156,320 </u>
*Suppose the actual variable expenses are the same as budgeted variable expenses.
Explanation:
The variable expenses depend on the number of units of chairs and desks produced where as the fixed expenses remain constant irrespective of the no of units of production.
Variable expenses are those expenses that vary directly with the number of units produced ( example more desks and more chairs will require more material).
Answer:
=5, 011.46
Explanation:
cost of materials : $ 2,415
cost of labor: $ 1,832
Total cost; ( $ 2,415+$ 1,832)= $ 4,247
Add 18 percent mark-up = 4247*1.18
=5, 011.46
Correct question: I do not know if this question is complete or not but if i understand you well enough, I'd say that the minimally acceptable rate of pay will be in accordance to what is obtainable in yur state or area. $X.XX represents pay per hour while $XX.XXX represents pay per year.
Answer:
I would say Negotiable to be on the safe side if you can't come up with a certain amount by yourself.
Explanation:
When you have to fill on an application and it gets to the rate of pay, you either be on the safer side and write Negotiable if you do not want to sell yourself short or be too pricey. But it is almost certain that the rate of pay applicable in your state or area is what you will be getting per hour.
I hope this helps.
Answer:
A one-time error in the application of the lower of cost or market/net realizable value (LCM/NRV) rule in the current period distorts financial results for the current accounting period:
a. only.
Explanation:
The lower of cost or market (LCM/NRV) method states that when valuing a company's inventory use the historical cost or the market value, whichever is lower. The historical cost refers to the cost at which the inventory was purchased. The market value is the current price. The implication is that while the historical cost remains static, the market value shifts over time.
Therefore, if there is a one-time error made in the use of the LCM/NRV rule, it only affects the current period. The next accounting period will restart the process of comparing the historical costs with the market value, thus obviating the need to repeat the error.
Answer:
Yes, she will (total profit of $15,730)
Explanation:
We must determine the future value of Angela house:
future value = present value (1 + appreciation rate)ⁿ
- present value = $98,760
- appreciation rate = 3%
- n= 5
FV = $98,760 (1.03)⁵ = $98,760 x 1.1592740743 = $114,490
now the difference between the future value and the present value = $114,490 - $98.760 = $15,730
