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 6,500 units, but its actual level of activity was 6,450 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 - $ 34.00
Direct labor $ 0 $ 6.00
Direct materials 0 13.60
Manufacturing overhead 35,000 1.50
Selling and administrative expenses 25,300 0.70
Total expenses $ 60,300 $ 21.80
Actual results for May:
Revenue $ 220,100
Direct labor $ 38,580
Direct materials $ 88,900
Manufacturing overhead $ 42,500
Selling and administrative expenses $ 30,450
The revenue variance for May would be closest to:

Answers

Answer 1

The revenue variance for May would be closest to $300.

When comparing predicted and actual sales, revenue variances are utilized as a gauge. This data is required to assess the effectiveness of a company's sales efforts and the perceived allure of its goods.

Activity Variance for Direct Labor

= Direct Labor cost for Budgeted  – Direct Labor cost for Actual at Budgeted Cost

= 6500 units - 6450 units

= 50 units

Budgeted Direct Labor Cost for Budgeted 6500 units

= 6500 units × $ 6.00

= $ 39,000

Budgeted Direct Labor Cost for Actual 7350 units

= 6450 units × $ 6.00

= $ 38,700

Activity Variance for direct labor cost

= $ 39,000 – $ 38,700

= $ 300

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Related Questions

Today's marketers see information not only as a tool for input for better decision-making, but also as ___________________________.

Answers

Today's marketers see information not only as a tool for input for better decision-making but also as an important strategic asset and marketing tool

Who is a marketer?

A person or business that promotes or advertises something

An employee who works in marketing is in charge of establishing a connection between the client and the good or service that the business is providing.

By keeping enormous inventories of products for supply or by effectively marketing the product to encourage large sales, this participation is attained.

When marketers enter the mix, though, a significant muddle results. Despite the fact that the terms sound relatively similar, there are a lot of significant differences.

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Prompt
What is debt?

Answers

Answer:

debt is when you spent more money than you had

Is when u owe on something cause u did not have enough money to cover the original cost

Which vendor offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system

Answers

There are different kinds of vendors who offers various kinds of services. The vendor that offers comprehensive solutions for organizations that do not have in-house resources to develop a supply chain management (SCM) system  are SAP....Oracle, JDA software, and Ariba.

JDA Software is known to be a software and consultancy company. They are known to specializes in selling supply chain management products and services to businesses. Their goal is to help its customers optimize costs, achieve revenue growth etc.

Oracle is known as a company that is best known for its Oracle database software. It is a relational database management system, and also use for computer systems and software, such as Solaris and Java. It was said to be acquired in its purchase of Sun Microsystems in 2010.

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State 2 problems a startup company might have rasining
finance​

Answers

1. Fierce Competition

The corporate world is quite fierce. There is always a competition going on between the giants. Competition poses one of the biggest challenges for the survival of startup businesses. And if you have an online business startup, the competition gets tougher.

The competitive environment keeps the startups on their toes, as there is no margin of error available. Both B2B and B2C organizations always tend to feel the heat of the fierce competition. In order to survive in this competitive business environment that covers both traditional and online businesses, the startups need to play aggressively, and punch above their weight to gain the much needed recognition amongst the clusters of ever challenging and expanding businesses.

2. Unrealistic Expectations

Success does not come alone. It brings expectations with it. Most of the times, these expectations seem realistic, But in the real sense of the word, are merely unrealistic. This same concept holds true for young startups.

Startups tend to face challenges when they set ‘unrealistic expectations’ following a booming success. Remember, success is short-lived and expectations never end. This is where startups need to translate what the real expectations are? Sustainability is the name of the game. And sustainability requires consistent efforts.

Which Sales Channel has been opened to manufacturers because of digital tools?

A. Distribution
B. B2B
C. Direct to Consumer
D. Wholesale

Answers

The sales channel that has been opened to manufacturers as a result of digital tools is B2B.

Through B2B e-commerce, manufacturers can be able to sell their goods directly to the consumers through online platforms.

It should be noted that because we're in a digital era now, consumers can be able to make purchases for products through online sales platforms and the goods will be delivered to the person's address. This is vital for businesses as manufacturers can make more sales and improve their revenue.

In conclusion, the correct option is B.

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What are the 4 steps to branding

Answers

Answer:

Here are four steps to building a successful brand.

1 Define how you want to be perceived. When your customers have finished using your product or service, how do you want them to describe their experience? ...

2 Organize your business based on this promise. ...

3 Communicate your promise. ...

4 Be consistent.

Explanation:

Disadvantages of choosing a job that is extremely popular or in demand

Answers

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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If the demand curve shifted more to the right on this graph, which of the following could be the new equilibrium point?

If the demand curve shifted more to the right on this graph, which of the following could be the new

Answers

Answer:

$200

Explanation:

Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.

Answers

Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.

Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.

What is the conspicuous consumerism theory?

Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.

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/hich type of task interdependence occurs when employees work independently ar

O a. pooled interdependence

O b. verbal interdependence

O c. reciprocal interdependence

O d. nonverbal interdependence

Oe. sequential interdependence

Answers

The type of task interdependence that occurs when employees work independently is "pooled interdependence."

In pooled interdependence, employees work independently on their own tasks, and the outputs are then combined to create a final product or service. This type of interdependence is often found in organizations where individual employees are responsible for completing a specific part of a project, and their work is then combined with the work of others to create the final product.

For example, in a software development project, programmers may work independently on their own sections of code, which are then combined to create a working software application. Each programmer is responsible for their own work, and the final product depends on the successful completion of each individual's task.

In contrast, reciprocal interdependence involves a back-and-forth exchange of information and resources among team members to complete a task, sequential interdependence involves a specific order of tasks that must be completed in order for the final product to be successful, and verbal and nonverbal interdependence are not typically used to describe types of task interdependence.

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Which of the following is an appropriate front and point size selection for a business letter

Answers

Answer:

Times New Roman also remains the default font for many word processing programs. When using Times New Roman in a business letter, set the size as 12-point in order for the document to be read most easily.

Also

If you can't decide between sizes, a 12-point font is usually the reliable choice because it's incredibly common in the business world.

Explanation:

What is the proper balance between dealing with negative externalities through government regulation or through torts?

Answers

Answer:

Government regulation is the best way to deal with negative externalities

Explanation:

An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .

A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on  third parties. that way the cost of production of such goods and service will discourage its production

What is missing from this goal that is preventing it from being a SMART goal?
Goal: I want to be successful right after high school by getting a job.
This goal is NOT
O Specific
0 Measurable
O Attainable
O Relevant
O Timely

Answers

Timely, you can’t get a successful job that quick right after highschool

Which of the following describes buying insurance? (1 point)
O The premium is a cost that would be higher if the likelihood of the loss were lower.
O A premium is a benefit that the insured receives from the insurer.
O A premium is a cost that increases if the risk of a financial loss increases.
O A copayment is a benefit that might increase if the premium is decreased.

Answers

When purchasing insurance, a premium is a cost that rises as the likelihood of a monetary loss increases.

Is purchasing insurance a risky endeavour?

The right response is transfer, the risk is transferred to the insurance business when an investor, in this situation, purchases an insurance cover. This indicates that the insurance company will compensate the insured should the risk covered by the policy materialise. Consequently, purchasing insurance is a method of transferring risk.

What does the definition of an insurance premium mean?

the monthly premium you pay for health insurance. You typically have to pay a deductible, copayments, and coinsurance in addition to your premium for your health care.

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a company estimates that warranty expense will be 2% of sales. the company's sales for the current period are $146,000. the current period's entry to record the warranty expense is: multiple choice debit estimated warranty liability $2,920; credit cash $2,920. debit warranty expense $2,920; credit sales $2,920. no entry is recorded until the items are returned for warranty repairs. debit estimated warranty liability $7,960; credit warranty expense $7,960. debit warranty expense $2,920; credit estimated warranty liability $2,920.

Answers

Debit warranty expense is $5,380. the company estimated warranty liability of $5380.

Estimated Corporate Expenses means the sum of (i) corporate expenses incurred prior to the filing date of the Estimated Closing Balance Sheet and (ii) a reasonable estimate of corporate expenses incurred after that date.

Estimated cost is a projection of the cost that will be incurred to build a product or to build something. This amount is derived as part of the internal project capital budgeting process or as part of the analysis.

When you're dealing with the information presented in a clustered frequency table, you don't know all the values, so you can't calculate the actual average. Instead, we do our best to estimate the mean.

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studies that focus on consumer attitudes regarding the ability of a given product to meet their needs form the basis of which type of segmentation?

Answers

The studies that focus on consumer attitudes regarding the ability of a given product to meet their needs form the basis of Psychographic Segmentation.

What is Psychographic Segmentation?

Psychographic Segmentation is one of the four commonly used segmentation methods that divide the market according to lifestyle, personality traits, values, social class, and other psychological criteria.

This approach aims to divide consumers into groups based on their lifestyles, values, interests, attitudes, and personality traits rather than demographics or geographic locations. As a result, it provides more nuanced and accurate information about consumer behavior than other segmentation methods.

It can be extremely helpful in creating a more refined, effective marketing strategy. It can assist firms in identifying and targeting a smaller, more focused group of customers who share similar psychographic characteristics. This can make marketing messages more relevant and resonant, improving the chances of capturing the attention of prospective customers.

Therefore, we can conclude that the studies that focus on consumer attitudes regarding the ability of a given product to meet their needs form the basis of Psychographic Segmentation.

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probably the most common type of organizational structure today is:

Answers

The most common types of organizational structures today include functional, divisional, matrix, and flat structures.

The most common type of organizational structure today is determined by the needs and goals of a company. There are several types of organizational structures commonly used in businesses:

functional structure: In this type of structure, employees are grouped based on their specific functions or departments, such as marketing, finance, or operations. This allows for specialization and efficiency within each department.divisional structure: This structure groups employees based on specific products, services, or geographic regions. Each division operates as a separate entity with its own resources and decision-making authority.matrix structure: The matrix structure combines elements of both functional and divisional structures. Employees report to both functional managers and project managers, allowing for a balance between specialization and coordination.flat structure: In a flat structure, there is a minimal hierarchy and a more decentralized decision-making process. This promotes collaboration and flexibility within the organization.

Each type of organizational structure has its own advantages and disadvantages. Companies choose the structure that best suits their needs and goals.

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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.

Answers

I would say the answer is D because he assumes the man stole them, didnt even ask for a receipt or confirm with the store clerk if he did buy them.

The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.

What is Robbery?

Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.

To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.

In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.

So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.

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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization

Answers

The following question is : false

The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:

b). False

'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.

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what is spam?
A unauthorized email featuring anonymous threats
B unauthorized email asking for sensitive information
C unauthorized email advertising services and events
D unauthorized email accidentally sent to the wrong address

what is spam?A unauthorized email featuring anonymous threatsB unauthorized email asking for sensitive

Answers

the correct answer is a
It is C because spam is when something is being repeat over and over so advertising services and events is spam because it could be repetitive!
Hope this helped

During the sprint, what scrum value must the team demonstrate to achieve the goal?.

Answers

The commencement Team commits to achieving its goals and to supporting one another. Their primary focus is on the work of Sprint to form the simplest attainable progress toward these goals.

The commencement Team and its stakeholders are open concerning the work and, therefore, the challenges. Scrum Masters ought to be fearless about removing impediments that weigh down the team's progress. The 5 commencement values are commitment, focus, openness, respect, and courageousness.

Scrum team members should be committed to success and be willing to form realistic goals and continue them. However, 'focus' is the worth shown once a team sets the goal of delivering the foremost essential feature before continuing on to consecutive.

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what are expenses from those:
1. premises
2. Machinery
3. Rent received
4. Advertising
5. Motor Vehicle
6: Motor expense

Answers

Advertising
Motor Expense

Which of the following choices incur speculative risk?

a.stocks

b.fire insurance on a house

c.options

d.life insurance


e.high interest savings account

Answers

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

What are Stocks?

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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AWARDING BRAINLYIST TO CORRECT ANSWER!!!!!!!!!!!!!!!!!!!!!!!!!!!
Joshua wants to be a lawyer. He found the following table on the Bureau of Labor Statistics’ website to find out about the employment projections 2022. Review the table. Then, answer the question below.


What conclusion can Joshua draw from this table?

A.

There are very few lawyers in the country.

B.

He could make more money working in marketing instead.

C.

There is an increasing need for lawyers, so it is a good career option.

D.

He will probably have a lot of student loans after he graduates.

E.

Lawyers are needed to work for the government and private firms.

AWARDING BRAINLYIST TO CORRECT ANSWER!!!!!!!!!!!!!!!!!!!!!!!!!!!Joshua wants to be a lawyer. He found

Answers

Answer:

Explanation:

A) wrong. You call 3/4 of a million not very many? Let's see what the other answers are.

B) We don't know anything about marketing from this table. Let's move on. This is likely not the best choice.

C) There is an increased need? We don't know that. What would we compare it to? An increase in population might account for the 10% increase in lawyers. I would say it's likely not C.

D) We don't know this either. Maybe, but he might anyway.

E) We don't know this either. They might be self employed.

So no answer appears obvious. We have to make a choice from answers we don't like.

Since all the others don't seem feasible, I guess C is the best answer, but don't be surprised if it is something like A

Answer:

The correct answer is C

Explanation:

i know this because I got it right

As the average hourly wage increases from $15 per hour to $16 per hour, the quantity demanded of snow blowers increases from 4,000 to 4, 450. What is the income elasticity of demand for snow blowers? Round your answer to the nearest hundredth. Your answer may be a positive or negative number. Provide your answer below:

Answers

1.41  is the income elasticity of demand for snow blowers.

The income elasticity of demand is calculated by dividing the percent change in quantity demanded by the percent change in income. Airline tickets, movies, restaurant meals, and automobiles are examples of income elastic products. As income rises, demand for income inelastic products and services rises only somewhat.

This category includes consumer essentials like toothpaste as well as'sin' products like tobacco and alcohol. The income elasticity of demand in economics refers to the responsiveness of the quantity sought for a good to changes in consumer income. It is calculated as the percentage change in quantity demanded divided by the percentage change in income.

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The Foursquare app makes use of a mobile device’s GPS system to determine the user’s location. Foursquare uses consumer location information from a mobile device’s GPS to target consumers with timely and relevant promotional messages. This is an example of location-based marketing. Select one: True False

Answers

Answer:

True

Explanation:

From the questions, location marketing is a market strategy that involves using the location of a device to market a product. This happens when the devices alerts the device owner about a near by business and what it is offering.

As seen in the question, the Foursquare app uses the location of a device to alert the device owner about a nearby business.

Cheers

!!!!!!Which of the following is NOT a credit report mistake which can occur?
O Outdated information
Incorrect payment status
O Recent public records
O Misinformation of personal records

Answers

Answer:

Misinformation of Personal Records

Explanation:

Have a lovely day!! :)

there is a surplus of a new brand of cereal on the market. what will likely happen to the price of the cereal?

Answers

Answer:

The price of the cereal would fall.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.

22. Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of
$975.

Answers

Answer:

6.25%

Explanation:

Interest is calculate using the formula

I= P x R x T

in this case

I= interest,  p= $975, r=?? ,t = 1

Therefore:

60.94 = 975 x r x 1

60.94 =975 r/100... we multiply both side by 100 to get rid of the fraction.

6094=975r

r=6094/ 975

r=6.2502

interest rate = 6.25%

Mr. White sends his acceptance for a business contract to Mr. Green. But Mr. White put insufficient postage on the envelope. One day later, Mr. Green revokes the offer through the mail. Mr. White, upon receipt of the undelivered acceptance, overnighted the acceptance letter to Mr. Green. The overnighted acceptance letter reaches Mr. Green before the revocation letter reached Mr. White. If a court finds that the UCC rule applies, a valid acceptance occurred and a contract was created between Mr. White and Mr. Green.True or False

Answers

Answer: True

Explanation:

In business, terms of agreement which is concluded earlier stands a better chance to stand over decisions taken at the later moment.

The means of communication here affected how the communication went. They both used mail postage but that which were initially agreed would stand over that which is being cancelled later.

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