Which of the following statement is incorrect concerning standard costing and/or variance calculations? A. Price (rate) standards represent the expected cost per unit of input. B. Standards are used at the beginning of the period during to budget and at the end of the period to evaluate performance. C. Variances falling outside of an acceptable range of outcomes do not require investigation. D. A price (rate) variance calculates the difference between what a company paid and what it expected to pay for its production input. E. A favorable quantity (efficiency) variance indicates that a company used less input than allowed for the actual level of output.

Answers

Answer 1

Answer:

Answer:

C. Variances falling outside of an acceptable range of outcomes do not require investigation.

Explanation:

The purpose of any business is to generate profit which is the difference between the revenues and all cost related to business.

In order to define suitable selling price and acceptable cost, all figures are to be set in standard range; any variance outside the standard, even lower or higher, must be investigated then the company can make proper adjustments.

In the end, the right standard is not only achievable but also maximize for the profit set.

So while other statements are true about standard and variance, the statement (C) is totally wrong because it said “Variances falling outside of an acceptable range of outcomes do not require investigation”

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__ analysis is based on the concept that the longer you have to wait to receive money, the less valuable it is right now.

Answers

The analysis which is based on the concept that the longer you have to wait to receive money, the less valuable it is right now is known as:

Discounted cash flow

Based on the given question, we can see that the discounted cash flow has to do with the analysis which is based on the concept that the longer at which a person has to wait to receive money, then the less valuable the money is at the moment.

This is because, this concept is used to make valuations about how much value an investment is worth and how the current value of the investment is and the future projections.

Therefore, the correct answer is discounted cash flow

Read more about discounted cash flow here:

brainly.com/question/22847598

The cost of speeding relates crashed in 2008 accounted for per second

Answers

Answer:

Thanks for the fact

Explanation:

Can I have brainliest pls?

SIROM Scientific Solutions has $10 million of outstanding equity and $5 million of bank debt. The bank debt costs 5% per year. The estimated equity beta is 2. If the market risk premium is 9% and the risk-free rate is 3%, compute the weighted average cost of capital if the firm’s tax rate is 30%.

Answers

Answer:

15.167%

Explanation:

For computing the WACC we need to do the following calculations which are shown below:

Cost of equity = Risk free rate + Beta × Market risk premium

= 3% + 2 × 9%

= 21%

After tax cost of debt = Cost of debt × (1-Tax Rate)

= 5% × (1 - 0.30)

= 3.50%

Now

WACC = Weight of debt × Cost of debt + Weight of equity × Cost of equity

= 5 ÷ 15 × 3.50 + 10 ÷ 15 × 21

= 1.167% + 14%

= 15.167%

During 2018, Colorado Company stock was sold for $9,400. The fair value of the stock on December 31, 2018, was Clemson Corp. stock—$19,100; Buffaloes Co. stock—$20,500. None of the equity investments result in significant influence. (a) Prepare the adjusting journal entry needed on December 31, 2017. (b) Prepare the journal entry to record the sale of the Colorado Co. stock during 2018. (c) Prepare the adjusting journal entry needed on December 31, 2018.

Answers

Explanation:

The journal entries are as follows

a. Unrealized Holding Gain or Loss Dr $1,310

To Fair value Adjustment $1,310

(Being the unrealized gain or loss is recorded)

2. Cash $9,410

Loss on Sale of Investment $490 ($9,900 - $9,410)

To Equity Investment $9,900

(Being the sale of the stock is recorded)

3. Fair value Adjustment $1,020

To Unrealized Holding Gain or Loss $1,020

(Being the fair value adjustment is recorded)

The computation is shown below:

Stock Cost Fair Value Unrealized Gain(Loss)

Clemson Corp. Stock $20,200 $19,410 -$790

Buffaloes Co. stock $20,200 $20,700 $500

Net unrealized gain (loss) -$290

2017 -$1,310

Fair value adjustment -$1,020

A loan of 1000 is taken out at an annual effective interest rate of 5%. The loan will be repaid using the Sinking Fund Method. That is, level annual interest payments are made at the end of each year for 10 years, and the principal amount for the loan is repaid at the end of 10 years by making equal size payments into the fund at the end of each year for 10 years. If the sinking fund earns an annual effective interest rate of 4%, then find the difference between the interest payment on the loan and the interest earned by the sinking fund in the fifth year. Round your answer to the nearest whole number.

Answers

Answer:

Interest paid each year = 5% of 1000 = $50

$1000 is to be paid at the end of 10 years.So payment each year = pmt(rate,nper,pv,fv) where rate = 0.04,nper=10 and fv =1000.

Payment into the fund =pmt(0.04,10,0,1000) = $83.29 each year

Value of the sinking fund at the end of the 4th year =pv(rate,nper.pmt) =pv(0.04,4,83.29) = 302.34

Interest earned by sinking fund in year 5 = 0.04*302.34 = 12.09

Interest on loan in 5th year = $50

So difference between the interest payment on the loan and the interest earned by the sinking fund in the fifth year. = 50-12.09 = 37.91 = $38 (to nearest whole number)

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)What is the optimal production quantity for the card?