Answer:
Dr Miscellaneous expense $25
Cr Cash $25
Explanation:
With regards to the above, the $25 charged for a check printing fee, associated with their check in account is an expense, hence must be debited to miscellaneous expense account while the corresponding entry will be credited to cash account.
Hence journal entry would be;
Dr Miscellaneous expense $25
Cr Cash $25.
Answer:
Using the shortcut keys Alt+O+R+A
Using Home/Cells/Format/Auto Fit Row Height
Double-clicking the bottom of the row number box
Explanation:
The excess row height could be resulted, if you set a row height manually. It can be fixed by some shortcut, or using the functions available in the Tabs.
You can fix this by Entering a short key of Alt+O+R+A. It will automatically adjust you row height according to format and data in the specific row.
Use Pathway of Home/Cells/Format/Auto Fit Row Height to adjust the height of the row according to format and data in the specific row.
You can also adjust the row height by Double clicking the bottom of the number box of the row.
Break-even analysis is the process used to determine the profitability of a product at various levels of sales.
Answer: a) unfavorable direct labor price (rate) variance of $2,085.
Explanation:
The purpose of calculating variance is to see if a company is being efficient in it's production of goods and services or in it's general affairs. The variance is calculated by subtracting the actual amount that was used to do something from it's budgeted amount.
If the actual amount is higher then the Variance is said to be Unfavourable. The reverse holds true.
Calculating the Direct Labor price (rate) Variance will give us,
Direct Labor Price (rate) Variance = (Actual Price - Standard price)*Actual Hour
NB - Figures are given for 30 minutes so need to be converted.
Direct Labor Price (rate) Variance = (111,285/9,100 *2 - 115,200/9,600 * 2 ) * 9100/2
= $2,085
Actual Price (rate) variance was higher than Standard Price (rate) variance which led to an Unfavourable balance of $2,085
Answer:
a. The lead time
Explanation:
The lead time is the time that shows the difference between the time at which the process gets started and the time at which the process get finished. This can be reviewed in the manufacturing, supply chain management at the time when there is a prior processing, within processing and after processing
Therefore according to the given situation, the option a is correct
hence, all the other options are incorrect
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