Answer:
Hie, the question you have provided is <em>missing</em> the Sales figures.
However steps to calculate the accounts receivable turnover are explained below:
Accounts receivable turnover is an activity ratio that shows how <em>effective</em> is the company<em> managing credit extended to debtors</em>.
Accounts receivable turnover = Net Credit Sales / Accounts Receivable
<u>From Our Scenario we have the following</u>
<em>Net Credit Sales = Missing</em>
<em>Accounts Receivable = $25,000</em>
The Ratio is measured in times.
A student loans are more professional and stiff
Answer:
D) $8,200 favorable
Explanation:
Hockey Accessories Corporation manufactured 21,600 duffle bags during March. The following data pertain to March:
Actual Static Budget
Production 21,600 units 22,000 units
Machine hours 1,150 hours 2,200 hours
Fixed overhead costs $ 84,200 $ 92,400
What is the amount of fixed overhead spending variance?
Hockey Accessories Corporation estimated its fixed overhead costs at $92,400, but the actual overhead costs were only $84,200. The difference between estimated and actual costs is $8,200 favorable variance (= $92,400 - $84,200) since the fixed overhead costs were lower than estimated.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Hardigree Corporation makes a product that has the following direct labor standards:
Standard direct labor-hours 0.3 hours per unit
Standard direct labor rate $ 23.00 per hour
In May the company's budgeted production was 8,900 units, but the actual production was 8,800 units. The company used 2,820 direct labor-hours to produce this output. The actual direct labor cost was $70,218.
Actual rate= 70,218/2,820= 24.9
Direct labor price variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor price variance= (23 - 24.9)*2,820= 5,358 unfavorable
