Answer:
1. Cash $5000 Dr
Common Stock (at par) $5000 Cr
2. Cash $4000 Dr
Loan Payable $4000 Cr
3. Supplies $500 Dr
Account Payables $500 Cr
4. Account Receivables $8000 Dr
Service Revenue $8000 Cr
5. Salaries Expense $3900 Dr
Cash $3900 Cr
6. Prepaid Rent $2400 Dr
Cash $2400 Cr
7. Office Furniture $3500 Dr
Account Payable $3500 Cr
8. Cash $1800 Dr
Unearned Service Revenue $1800 Cr
9. Cash $3000 Dr
Account Receivables $3000 Cr
10. Utilities Expense $1200 Dr
Cash $1200 Cr
11. Dividends $1000 Dr
Cash $1000 Cr
12. Certificate of Deposit Receivable $2000 Dr
Cash $2000 Cr
13. Loan Payable $1600 Dr
Cash $1600 Cr
14. Land $2700 Dr
Cash $2700 Cr
15. Interest Expense $400 Dr
Interest Payable $400 Cr
16. Unearned Service Revenue $1800 Dr
Service Revenue $1800 Cr
17. Supplies Expense $400 Dr
Supplies $400 Cr
18. Salaries Expense $2300 Dr
Salaries Payable $2300 Cr
19. Interest Receivable $150 Dr
Interest Revenue $150 Cr
Explanation:
Answer and Explanation:
The computation is shown below:
a. The labor rate variance is
= (standard rate - actual rate) × actual labor hours
= ($20 - $19.50) × 64,000
= $32,000 favorable
b. The labor efficiency variance is
= (standard hours - actual hours) × standard rate
= (62,500 - 64,000) × $20
= -$30,000 unfavorable
c. the total flexible budget variance is
= standard cost - actual cost
= ($1,250,000 - $1,248,000)
= $2,000 favorable
Answer:
2.
Explanation:
On March 15, 2017, it was raised by $1.7B. On September 30, 2017, the debt ceiling was suspended. On March 1, 2019, it was $22.03T and raised by $2.18B. On August 2, 2019, it was again, suspended.
Shift D1 right, showing an increase in demand and an increase in equilibrium price.
Answer:
a. $(8000)
b. Company should choose alternative 1 and make bottles.
Explanation:
Particulars Make Bottles Buy Bottles Differential
Alternative 1 Alternative 2
Purchase Price 0 $37 $(37)
Freight Charges 0 $4 $(4)
Variable cost $33 $33
Fixed Cost $17 $17 0
Cost per unit $50 $58 $(8)
Income / (Loss) $50,000 $58,000 $(8,000)
b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.
