Answer:
$30 Favorable
Explanation:
Calculation for the activity variance for supplies cost in March
Using this formula
Activity variance = (Actual units - Budgeted units) * Variable cost
Where,
Actual units=856
Budgeted units=861
Variable cost=$6
Let plug in the formula
Activity variance=(856-861) * $6
Activity variance=5*$6
Activity variance=$30 Favorable
Therefore the activity variance for supplies cost in March would be closest to: $30 Favorable
Answer:
1) B - Inaction
2)B - Faulty
3)A - Dissolution
Explanation:
1) Inaction: The company's strategy is not responsive to technological trends
2) Faulty: Downsizing to save cost is not a good strategy for a business to adopt, they could have divest to other sectors
3)Dissolution: liquidate or wind up before the company runs in to serious financial crisis.
Answer:
Total assets = $8167
so correct option is c. $8,167
Explanation:
given data
Accounts Payable = $409
Fees Earned = $1,915
Accounts Receivable = 959
Insurance Expense = 436
Prepaid Insurance = 4,108
Land = 1,791
Cash = 1,309
Wages Expense = 731
Drawing = 321
Capital = 7,331
to find out
Total assets
solution
we get here Total assets that is express as
Total assets = Accounts receivable + Prepaid insurance + Cash + Land ...................1
put here value and we get
Total assets = 959 + 4108 + 1309 + 1791
Total assets = $8167
so correct option is c. $8,167
Answer:
Reducing the Chart of Accounts It may be possible to drastically shrink the number of expense accounts in use. In particular, consider using just the following mega-accounts: Direct costs. This account will probably contain the cost of materials and supplies used in the production process, as well as freight costs, and not a great deal more.
Explanation:
