Answer:
Working capital = Current assets - Current liabilities
= $617,000 - $233,000
= $384,000
Explanation:
Working capital refers to current assets minus current liabilities. It is the capital available for day to day running of a business.
Answer:
$38,750 Favorable
Explanation:
Fixed overhead absorption rate:
= Fixed Overhead Costs for March (static budget) ÷ Production(static budget)
= $387,500 ÷ 31,000
= 12.5 per unit
Fixed overhead production−volume variance:
= Amount actually applied - Amount budgeted
= (12.5 × 34,100) - $387,500
= $426,250 - $387,500
= $38,750 Favorable
I think some people say it as olmen, rather than a silent L,it's silent D instead.