Answer:
Variable overhead rate variance = $2,870 favorable
Explanation:
Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.
This computed as follows:
$
17,130 hours should have cost ( 17,130 ×7.20) 123336
but did cost <u>120,466</u>
Variable overhead rate variance <u> 2870
</u> Favorable
Variable overhead rate variance = $2,870
Answer:
The aspect of career readiness the manager feel Corinne was lacking was Knowledge
Explanation:
Career readiness is the preparation and process of acquiring skills, knowledge, talents that are required to start a career, maintain one's position in such career and grow.
The aspect of career readiness the manager feel Corinne was lacking was Knowledge because see made a statement that implied that Corinne lack basic understanding of accounting practice.
Knowledge is an aspect of career readiness that has to do with the theoretical or practical understanding of a subject matter. It is the information, skills and facts gained through experience and education.
Other skills that are acquired in the process of career readiness are communication skills, human relation skills, critical thinking skills etc.
Answer:
the price per share in the case when A offers B is $200
Explanation:
The computation of the price per share is as follows:
The fair value is
= ($60 + $120) × 50%
= $90
The 50% represent the percentage of equally
Now the price per share is
= $90 + $90 + $20
= $90 + $110
= $200
Hence, the price per share in the case when A offers B is $200
The same is to be considered
Answer: B. Revises comparative financial statements.
Explanation:
When switching from a median Cost method to FIFO method. this sort of switch can always yield a major impact on all financial statements. Any organization which wishes to change would settle on the requirement to scrutinize whether it has to restate its financial data for previous years to reflect the new method or only apply the new method to the present and future years.