Questions

Cost variance is nothing but the difference between the actual incurred cost and the estimated standard cost. This can be occured due to any changes in the volume of goods or services ordered. 

A favorable cost variance occurs when the actual incurred cost is less than the standard cost estimated before the production.

Shigetaka Kurita invented Emoji in 1999. There are about 3304 emojis as of March 2020.

The Northwest Ordinance of 1787 was significant because it was the second continental congress that charted a government for territory in Northwest America. It also helped forbid slavery, and made a method of admitting new states near the Union.

Originally designed for Taiwan, Beijing applied the “One Country, Two Systems” principle to Hong Kong on July 1, 1997 when sovereignty of the territory was passed from Britain to China.But “One Country, Two Systems,” which guarantees a degree of autonomy under Chinese supervision, isn’t applicable to Taiwan. The island has evolved into a self-ruled, hyper-democracy that enjoys de facto operational independence