All kiwi ltd. (a new zealand-based company) has a wholly-owned subsidiary in malaysia whose manager is being evaluated on the basis of the variance between actual profit and budgeted profit in new zealand dollars (nzd). relevant information in malaysian ringgit (myr) for the current year is as follows: budgetactualrevenuesmyr 12,000,000mr 11,000,000expenses9,000,0009,000,00 0current year actual and projected exchange rates between the nzd and the myr are as follows: actual at time of budget preparationnzd 0.312 per myr 1projected ending at time preparation of budgetnzd 0.340 per myr 1actual at tned of budget periodnzd 0.357 per myr 1
required: a. calculate the total budget variance for the current year using each of the five combinations of exchange rates for translating budgeted and actual results shown in exhibit 10.10.b. make a recommendation to all kiwiâs corporate management as to which combination in item (a) should be used, assuming that the manager of the malaysian subsidiary does not have the authority to hedge against changes in exchange rates. c. make a recommendation to all kiwiâs corporate management as to which combination in item (a) should be used, assuming that the manager of the malaysian subsidiary has the authority to hedge against unexpected changes in exchange rates.

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.