Answer:
$1,532,700.
Explanation:
We know that the total budgeted overhead equals to
= Variable overhead + fixed overhead
where,
Variable overhead = (June sales units + July sales units × given percentage - beginning inventory units) × variable overhead per unit
= (299,000 units + 309,000 × 20% - 59,800 units) × $3.70
= (299,000 units + 61,800 units - 59,800 units) × $3.70
= $1,113,700
And, the fixed overhead is $419,000
Now put these values to the above formula
So, the value would be equal to
= $1,113,700 + $419,000
= $1,532,700.
The July sales units × given percentage is ending inventory units
Limited government licences that create a monopoly do so because a barrier to enter the market exists.
Monopoly can be established by the government by a form of integration or form naturally, it can preserve excess profit because barriers to entry prevent competitors from entering the market.
Answer:
The correct anwer is B. A proposed accounting standards update.
Explanation:
Each time it is intended to make a modification to the accounting standards, it is necessary for the FASB to publish a proposal to update accounting standards (ASU), with the main objective of making known the proposed changes. In certain cases, after a process of presenting, receiving and arranging comments from the users of the information, the application of the standard is given free access.
According to current regulations, each ASU explains:
- How the FASB has changed the US GAAP, including each specific amendment to the FASB Coding.
- Why the FASB decided to change the US GAAP and the background information related to the change.
- When the changes will be effective and the transition method.
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Answer:
The amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.
Explanation:
Let cash received from customers be x
:
$12,700 + x - $14,800 = $12,300
x = $14,400
Therefore, The amount of cash received by the magazine company as advance payments from customers during the year 2013 must have been $14,400.
Answer: 4cm
Explanation:
The volume of a rectangular solid is calculated as the length multiplied by the width and then multiplied by the height.
In this scenario, since the volume is 104cm^3, the values will be:
= 4cm, 2cm and 13cm
From the values written, the length will be 4cm