Answer:
The correct option is D,$20,000 unfavorable
Explanation:
In the first place, it is noteworthy that fixed overhead flexible budget variance is the between the budgeted overhead cost and the actual fixed overhead incurred.
When actual fixed cost overhead is lower than budgeted,the resultant effect is a favorable variance,where the reverse is the case when the budgeted fixed overhead cost is higher as is the case here.
budgeted fixed overhead costs $200,000
Actual fixed overhead costs ($220,000)
fixed overhead flexible budget variance ($20,000) unfavorable
Answer:
The correct answer is: units started in production in Finishing for April.
Explanation:
It is an analysis of the activity of the department or cost center for the period. All costs attributable to a department or cost center are presented according to the elements of the cost center. A production cost report for each department can be prepared following a four-step approach. Each step represents a separate plan and the four plans together constitute a report of the cost of production.
Step 1: Post the physical flow of units (quantity plan)
.
Step 2: Calculate the equivalent production units (equivalent production plan).
Step 3: Accumulate the total and unit costs that will be accounted for by department (cost plan to be accounted for).
Step 4: Assign the accumulated costs to the units transferred or still in process (cost plan accounted for).
Answer:
The answer is B.
Explanation:
The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
Labor is resource in factor market. Factor market is a market where factor of production like capital, labor, land etc are sold and bought.
With an increase in minimum wage, many people will be willing to work. This means there is an increase in supply of labor which will lead to rightward shift in the supply of labor.
Answer:
$5,000
Explanation:
Although the limit for two qualifying children is the lesser of $6,000 or the actual expenses, the earned income limitation may apply. The amount of qualifying expenses can not exceed the earned income of the spouse with the lesser earned income, in this case, $5,000 .
Which is why the amount of the qualifying expenses for purposes of computing the child and dependent care credit is $5,000
