Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed element per monthVariable Element per Well ServicedRevenue $4,500Employee salaries and wages$57,200 $1,100Servicing materials $600Other expenses$31,000 ?The planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May.?The activity variance for "Servicing materials" for May would have been closest to:
A. $2,800 F
B. $3,000 F
C. $3,000 U
D. $2,800 U
Answer: B
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Answer the following statements true (T) or false (F)
1. Janice has been difficult for some of her teammates to work with. According to equity theory, if she were to receive a raise so as to be compensated similarly to her peers, she would be more likely to cooperate in a group setting. 2. Management's assessment of fairness is most important under equity theory. 3. Expectancy theory suggests that people are motivated by how much they want something and how likely they think they are to get it. 4. In expectancy theory, a person's expectancy is her belief that a particular level of effort will lead to a particular level of performance.
A company that uses the perpetual inventory system purchases inventory for $63,000 on account, with terms of 2/10, n/30. Which of the following is the journal entry to record the payment made within 10 days?
A) a debit to Accounts Payable for $63,000, a credit to Cash for $61,740, and a debit to Merchandise Inventory for $1,260 B) a debit to Accounts Payable for $63,000, a credit to Merchandise Inventory for $1,260, and a credit to Cash for $61,740 C) a debit to Merchandise Inventory for $1,260, a debit to Accounts Payable for $63,000, and a credit to Cash for $64,260 D) a debit to Accounts Payable for $61,740, a debit to Merchandise Inventory for $1,260, and a credit to Cash for $63,000
Joe Hamas sells for Rush Beverages. He is trying to convince retailers to carry his company's Ginseng Rush, a new all-natural beverage that delivers an energy punch without caffeine. When he gets retailers to agree to stock his product, he asks them for the names of other retail operations that might be interested in carrying it. He is using _____ to get his sales leads.
A. networking B. cold calling C. referrals D. direct marketing E. noncompeting sales
List the two types of future expectations research.
What will be an ideal response?