Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 8,000 units, but its actual level of activity was 8,050 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May: Data used in budgeting: Fixed element per month Variable element per unit Revenue - $ 35. 50 Direct labor $ 0 $ 6. 10 Direct materials 0 12. 10 Manufacturing overhead 37,000 1. 80 Selling and administrative expenses 26,800 0. 80 Total expenses $ 63,800 $ 20. 80 Actual results for May: Revenue $ 284,500 Direct labor $ 48,530 Direct materials $ 92,330 Manufacturing overhead $ 50,000 Selling and administrative expenses $ 30,600 The revenue variance for May would be closest to: Multiple Choice $1,275 U $500 F $500 U $1,275 F
Answers
The revenue variance for May is $500.
Piechocki Corporation had budgeted to manufacture and sell 8,000 units of its product, but the actual level of activity in May was 8,050 units. The company has provided the fixed and variable elements per unit of its revenue, direct labor, direct materials, manufacturing overhead, and selling and administrative expenses, which were used in the budgeting process. The actual results for May have also been provided.
To calculate the revenue variance for May, we need to first determine the budgeted revenue and the actual revenue for the month. The budgeted revenue can be calculated as follows:
Budgeted revenue = Budgeted units x Budgeted revenue per unit
Budgeted revenue = 8,000 units x $35.50 per unit
Budgeted revenue = $284,000
The actual revenue for May was $284,500, which is $500 higher than the budgeted revenue. Therefore, the revenue variance for May is $500 F (favorable), since actual revenue exceeded the budgeted revenue.
It's worth noting that the revenue variance is a result of the difference between the actual selling price and the budgeted selling price per unit. However, we don't have enough information to calculate the price variance separately from the revenue variance in this scenario.
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Related Questions
Most real estate agencies are created by what?
Answers
Explanation: An agency is created by express appointment when the principal appoints the agent by express agreement with the agent. This express agreement may be an oral or written agreement between the principal and the agent.
the imf was initially established to allow members to borrow short term to adjust their balance-of-payments position and maintain their ______.
Answers
The International Monetary Fund (IMF) was initially established to allow member countries to borrow short-term funds to adjust their balance-of-payments position and maintain their: exchange rate stability.
The primary goal of IMF is to promote international monetary cooperation and facilitate the growth of global trade. By providing temporary financial assistance to countries experiencing balance-of-payments issues, the IMF aims to help these countries maintain their exchange rate stability, which is crucial for international trade and economic growth.
To achieve this goal, the IMF offers different types of financial assistance to its member countries. These include Stand-By Arrangements, which are typically short-term loans provided to countries facing balance-of-payments problems.
The borrowing country commits to implementing specific economic policies in exchange for the financial assistance. The IMF also provides technical assistance and economic policy advice to help countries design and implement effective policies to achieve macroeconomic stability.
In summary, the IMF was established to enable member countries to borrow short-term funds to adjust their balance-of-payments position and maintain their exchange rate stability. This assistance helps promote international monetary cooperation, supports the growth of global trade, and ensures that member countries can maintain stable economies.
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Which business letter feature is found at the top of the page?
Answers
answer:
Letter head
Explanation:
typically has the companies logo at the top of the page
In the simple deposit expansion model, the Fed extends a $200 discount loan to a bank that previously had no excess reserves and requires a 20% reserve ratio. The maximum increase in the deposits in the banking system is a.$500.
b.$1000. c.$40. d.$10. e.$100.
Answers
The maximum increase in deposits in the banking system is $1000.
What is the maximum increase in deposits?To calculate the maximum increase in deposits, we need to consider the reserve requirement and the deposit multiplier.
Given:
Initial loan (discount loan) = $200
Reserve ratio = 20% (or 0.20)
To find the deposit multiplier, we can use the formula: Deposit Multiplier = 1 / Reserve Ratio.
Deposit Multiplier = 1 / 0.20
Deposit Multiplier = 5
Maximum Increase in Deposits = Initial Loan * Deposit Multiplier
= $200 * 5
= $1000.
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John F. Kennedy belleved that a leader should be
A. in the military
B. elected
C.a lifelong student
Answers
Answer:
c
Explanation:
An HR manager consults with an employee about her continuing education options.
Answers
An HR manager can play two roles in employee counseling: working as a counselor and training line managers in effective counseling.
What is the most important role of HR managers?The primary goal of a human resource manager is to oversee a company's administrative functions, which include talent recruitment. This includes scouting for potential candidates, coordinating interviews with qualified applicants, and developing an onboarding process for new hires. Salary and benefits.
Human resource management is in charge of employee compensation and benefits. HR managers assist their companies in developing benefit plans by analyzing the cost of each benefit and what the company can afford. HR managers must determine eligibility and costs.
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Question 23 2.5 pts Questions 18-23 relate to News Media 4. Read the media release, "Statement by Philip Lowe, Governor: Monetary Policy Decision" by the Reserve Bank of Australia (Link: https://www.rba.gov.au/media-releases/2022/mr-22-12.html ) and answer the questions. According to the article, future inflation is most likely to be [Select] which imply the [Select ] causing GDP to [Select] Further, the Reserve Bank has indicated that future interest rates will [Select] curve would shift to the [Select]
Answers
The COVID-19 outbreak poses a significant risk to the economy's short-term outlook.
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According to the article, future inflation is most likely to be higher, which imply the demand-pull inflation causing GDP to increase further. Further, the Reserve Bank has indicated that future interest rates will rise. The yield curve would shift to the right. The article by the Reserve Bank of Australia states that future inflation is likely to be higher. Demand-pull inflation is expected to increase GDP further in the future.
Further, future interest rates will rise, according to the Reserve Bank. The yield curve would shift to the right. The Reserve Bank of Australia today decided to leave the cash rate unchanged at 0.1 percent. The Bank continues to buy government bonds under the government bond purchase program at a rate of $4 billion per week and will continue to do so until February of next year. The economy is doing well, and recent outbreaks have not slowed it down.
The labor market is tight, with employment increasing in all states and territories, and the unemployment rate falling to a level not seen since the pandemic's early days. However, the COVID-19 outbreak poses a significant risk to the economy's short-term outlook.
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lokking for brainly member ystuckey
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First P. In social marketing it is the behavior or offering that is intended to be adopted by the target audience. Can be tangible or intangibleO ProductO PriceO PlaceO Promotion
Answers
The first P in social marketing stands for the good or conduct that the advertiser wants their target market to exhibit. This product must satisfy the demands and desires of the target market, whether it be material or intangible.
For instance, the adoption of a healthy lifestyle through stopping smoking could be the product in a social marketing effort to reduce smoking. The adoption of a regular exercise regimen could be the target of a campaign to encourage physical activity. The product or behavior's being pushed has a significant impact on how well a social marketing campaign performs. The product must be appealing to the target market, relevant to them, simple to use, and long-lasting.
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An unstable government is one that __________.
A.
is democratically elected
B.
is authoritarian
C.
changes hands frequently
D.
provides for its citizens
Answers
Answer:
C
Explanation:
An unstable government is one that changes hand frequently.
When something is said to be unstable, it means that thing keeps fluctuating from one situation, value, or condition to another.
An unstable government is one in which those at the elms of affairs keep changing at frequent intervals. With each new administrator comes new policies. Hence, there are inconsistencies in policy formulation.
Correct option: C
Answer:
He is correct~
Explanation:
Assume the government imposes $2.25 tax on suppliers, which results in a shift of the supply curve from s1 to s2. the price the consumer pays for the product after the tax is imposed on the suppliers is
Answers
The price the consumer pays for the product after the tax is imposed on the suppliers is $3.50
What is a Supply Curve?This refers to the relationship between offered quantities in a market and the different prices of such products.
Hence, we can see that from the complete text, there is a graph that shows the relationship between quantity and price which shows the upward curve of the product because after the tax was imposed on the suppliers, the price was $3.50
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peri owns more stock in aqua marine supplies than any of the corporation’s other stockholders. elle is designated as an agent for aqua marine supplies. how do the two compare?
Answers
In summary, Peri is the major stockholder, while Elle acts on behalf of the company.
Peri's ownership of more stock in Aqua Marine Supplies than any other shareholder indicates that they have the highest financial interest and influence in the company. They likely have significant decision-making power and can influence the direction and strategic decisions of the company.
On the other hand, Elle's role as an agent suggests that they are a representative or intermediary for Aqua Marine Supplies, acting on the company's behalf in various capacities, such as handling business transactions or negotiating contracts. Elle's actions and decisions would be binding on the company, while Peri's ownership provides them with a significant stake and potential influence in Aqua Marine Supplies' operations.
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ABC Credit Card company noticed that the average balance of all ABC credit card users who have missed the minimum payment last month is $3742.00 with a standard deviation of $1355.00. * = a. When the monthly statement is prepared, they charge a monthly interest of 1.8% for the current balance. Suppose that the statement balance current balance * 1.018. The average statement balance of all ABC credit card users who missed the minimum payment last month is with a standard deviation of b. Since they missed the minimum payment, all of them are subjected to pay a late fee of $35. Suppose that the new statement balance = (current balance * 1.018) +35. The average statement balance of all ABC credit card users who missed the minimum payment last month is with a standard deviation of 1.9. Determine the type of sampling used in the following study: A marketing manager wants to analyze how store employees perceive a new product they are selling. She randomly selects five stores and has all employees in those stores fill out surveys.
Answers
This approach provides insights into the perception of the new product by employees across multiple stores, while still being more efficient compared to surveying all employees from all stores.
What type of sampling was used to analyze how store employees perceive a new product?Cluster sampling is a sampling technique where the population is divided into groups or clusters, and a random sample of these clusters is selected for analysis.
In this case, the marketing manager selected five stores as clusters and then collected data from all employees within those selected stores.
The key characteristic of cluster sampling is that each cluster is treated as a representative sample of the population, and all individuals within the selected clusters are included in the study.
This method is often more practical and cost-effective when it is difficult or time-consuming to access the entire population directly.
In this study, the marketing manager used cluster sampling by randomly selecting five stores, treating them as clusters, and collecting survey responses from all employees within those selected stores.
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When Amy states, "We feel that better aligning our talent strategy with our business strategy is going to be critical for our success" which of the four basic managerial functions is she demonstrating?
Answers
Answer:
planning
Explanation:
In this scenario it seems that Amy is demonstrating the planning part of the managerial functions. This part focuses on creating the plans and processes needed in order to be able to meet all of the company goals and objectives. In this scenario, by stating the actions that she thinks would better the company, she is letting everyone know her plan, therefore she is demonstrating the planning function.
The managerial functions are the managing ability of the business or the job based upon the task-based perspectives. The managerial functions are fulfilled in a specific order for the better organization of the task.
The managerial functions are:
PlanningOrganizingDirectingStaffingCo-ordinatingControllingIn the given case Amy is demonstrating the Planning part of the managerial function.
It is determined as the person is focusing on creating the plans and various processes that are required in order to meet the goals and objectives of the company. The person is stating the action that she is letting everyone know about the plan.
Therefore, she is demonstrating the planning process.
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ROI is most appropriately used to evaluate the performance of
cost center managers.
revenue center managers.
profit center managers.
investment center managers.
both profit center managers and investment center managers.
Answers
ROI is most appropriately used to evaluate the performance of both profit center managers and investment (Option E)
How does the rate of investment work?Return on investment, often known as return for money invested, is a presenting metric used to evaluate the efficacy of various investments or to determine the productivity or benefit of a particular investment.
Basically, ROI can be used as a straightforward indicator of the effectiveness of an investment. This could be the return on investment for a corporate security, the ROI a company expects from expanding a plant, or the ROI produced by a land deal.
Hence, for various uses, the calculation itself is straightforward and typically easy to understand. If an investment has a net positive ROI, it is probably a good idea. However, if other opportunities exist with larger ROIs, these signals can aid investors in eliminating or deciding on the best choices.
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It’s too early for this and I need some assistance
Answers
Answer:
A
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
Answers
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
Answers
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences
Answers
The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.
A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.
Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.
The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?
A. high school diploma
B. associate degree in performing arts
C. bachelor's degree in art history
D. doctorate in computer sciences
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HELPP on question 10
Answers
Answer:
land?
Explanation:
Answer:
Land
Explanation:
what effect will a low economic growth have on the country
Answers
Answer:
it can lead to national poverty and economy crisis
Shares of apple are currently trading at approximately $129. Placing an order to buying 1000 shares but only when the stock price hits $125 is known as a.
Answers
Shares of apple are currently trading at approximately $129. Placing an order to buying 1000 shares but only when the stock price hits $125 is known as a Limit Order.
A limit order is a buy/sell order that specifies a maximum price to be paid or a minimum price to be received for a stock (the "limit price"). Only at the specified limit price or better will the order be filled.
A limit order advises your broker to fill your buy or sell order at a certain price or better and is visible to the market. When a stop price is reached, a stop order, which is invisible to the market, activates a market order.
An order to purchase or sell a security at a certain price or higher is known as a limit order. Only at the limit price or lower can a purchase limit order be fulfilled, and only at the limit price or greater can a sell limit order be fulfilled. Example: A buyer wishes to pay no more than $10.28 a share for shares of ABC stock.
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The complete question is ''Shares of Apple are currently trading at approximately $129. Placing an order to buying 1000 shares BUT only when the stock price hits $125 is known as a
A) Stop-Loss Order
B) Market Order
C) Limit Order
D) Shorting
Which business situation is most likely a "breeding ground" for unethical conduct by employees?
Answers
The business situation which is most likely a "breeding ground" for unethical conduct by employees is:
When performance improvement is needed.What is Unethical Conduct?This refers to the type of conduct which a person exhibits when he acts in a manner that is improper and takes advantage of other people to make gain or profit.
With this in mind, we can see that when a particular company has a low performance and their managers need immediate improvements, this can cause the employees to engage in unethical acts.
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Did You Know That The Movie Theaters Are Working On Making A Second Mortal Kombat Movie? It's Gonna Be Great, The Title Of The Movie Is ''Mortal Kombat 2''
Answers
—Mortal Kombat: Annihilation was released on November 21, 1997.
—Every generation, a portal opens up between the Outerworld and Earth. Emperor Shao-Kahn (Brian Thompson), ruler of the mythical Outerworld, pounces the moment the portal reopens and slips through with his mighty warriors, intent on total domination and uniting the two worlds. However, he has only seven days to complete his task. In the meantime, opposition grows and warriors Sonya Blade (Sandra Hess), Jax (Lynn "Red" Williams), Kitana (Talisa Soto) and Liu Kang (Robin Shou) get ready for war.
if an amount is recorded on the side of a t account opposite the normal balance side, the account balance is:
Answers
Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answers
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
you hear about an economy with no change in the number of workers or capital. yet, production increases. what idea does this illustrate?
Answers
Answer:
It might be because of an increase in efficiency in the workforce or advances in technology. Hope it helps :)
Explanation:
review of resumes is most valid when the content of resumes is evaluated in
a) terms of incumbents competencies
b) conparison with other qualifications
c) terms of the industrial benchmarks
d) compaeison with other employees in an irganization
e) terms of elements if a job descriptions
Answers
Reviewing resumes is most valid when the content of resumes is evaluated in terms of elements of a job description.
When assessing resumes, it is important to evaluate how well the qualifications and experiences of the candidates align with the specific requirements and expectations outlined in the job description. By comparing the content of resumes to the elements of a job description, employers can determine the suitability of candidates for the position. This approach allows for a more objective and consistent evaluation, focusing on the relevant skills, competencies, and experiences needed for the job. Considering the job description ensures that the evaluation is directly tied to the specific requirements and responsibilities of the role, increasing the validity of the resume review process.
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According to the video, what are some tasks performed by Tellers? Check all that apply.
O reviewing insurance applications
O cashing checks
O analyzing investment opportunities
O judging risk based on statistics
O accepting payments for a customer's bills
O dealing with foreign currencies
Answers
Answer:
Cashing checks, receiving checks/ paying out money, entering transactions on computers
Explanation:
According to O*NET, what are some common tasks performed by Tellers? Check all that apply.
Answer:
2, 5, 6
Explanation:
Hope this helps!
Why is it important for a human resource manager to carefully maintain
employee records?
Answers
Answer:
Certain records require employee privacy to be protected. Not maintaining and following best practices for employee record keeping leaves you vulnerable to defending yourself against lawsuits, labor investigations or audits.
Explanation: