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lesantik [10]
3 years ago
14

A production manager is evaluated based on the quantity of direct materials used in production. If the production line actually

uses materials to produce 50,000 units when the master budget shows materials needed for 44,000 units, the manager's evaluation should be based on a flexible budget. True or False
2.) Which of the following remains the same when comparing a flexible budget to a master budget?
A. Total sales.
B. Net income.
C. Total variable costs.
D. Total fixed costs.
Business
1 answer:
Shalnov [3]3 years ago
3 0

Answer:

1) True

2) D. Total fixed costs

Explanation:

1)  The manager's evaluation should be based on a flexible budget, so the statement is true.

The standard quantity of direct materials used should be based on actual production for a correct variance analysis.

2 ) Total fixed costs remains the same when comparing a flexible budget to a master budget.

Total fixed costs do not change in total within relevant range of production.

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Answer:

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x-co issued 1,000 shares of its 5%, $10 par value, cumulative preferred stock for $100 cash per share. the journal entry to reco
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If the company issued 1,000 shares of its 5%, $10 par value, cumulative preferred stock for $100 cash per share. the journal entry to record this event includes: is: Debit  Cash $100,000 ; Credit to Preferred Stock $100,000.

<h3>How to prepare the journal entry?</h3>

Based on the given information we were told that the company issued  1,000 shares in which the cumulative preferred stock is the amount  $100 cash per share. The appropriate journal entry to record the transaction is:

Journal entry

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Workings:

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Therefore the correct journal entry to record the transaction is to debit cash with the amount of $100,000 and credit Preferred stock with the amount of $100,000.

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