Based on the information given the controllable variance is:$1,600.
<h3>Controllable variance</h3>
Using this formula
Controllable variance=Actual total overhead -Budgeted total overhead at actual units produced
Let plug in the formula
Controllable variance=$12,000-$10,400
Controllable variance=$1,600
Inconclusion the controllable variance is:$1,600.
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Answer:
$2
Explanation:
Surplus value = revenue - cost
Revenue = $1 × 7 = $7
Cost = $4 + $1 = $5
Surplus value = $2
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Answer:
Minimum amount of Robert's salary that he must include in gross income this year = $113892
Explanation:
Minimum amount of Robert's salary that he must include in gross income this year = [9200 x 12 x 306/365] + [11000 x 12 x 59/365] = $113892
Answer:
$ 15,480
Explanation:
Data provided:
Beginning merchandise inventory = $ 52000
merchandise purchased = $ 280000
Freight charges = $ 9000
Returned merchandise = 4000
Discounts provided = 2/10 = 0.2 = 2%
thus,
for purchase merchandise, total discount = (Purchased - returned) × 2% = = (280000-4000) × 0.2 = $ 5520
Thus,
the cost of goods available for sale = (Beginning merchandise inventory + merchandise purchased + Freight charges - Returned merchandise - Discounts provided )
or
the cost of goods available for sale
= $52000 + $280000 + $9000 - $4000 - $5520 ) = $ 331,480
Also, Cost of goods sold = $ 316000
Hence,
The ending inventory = cost of goods available for sale - Cost of goods sold or
The ending inventory = $ 331,480 - $ 316000 = $ 15,480
