After a decision has been rendered in a class,neither party may file an appeal? true or false

Douglas Industries produced 5,500 units of product that required 2.5 standard hours per unit. The standard variable overhead cos

jeka94

Answer:

The variable factory overhead controllable variance is $2,250 favorable.

Explanation:

variable factory overhead controllable variance

= standard variable cost - actual variable cost

= $5500-2.5*3 - $39000

= $2,250 favorable

Therefore, The variable factory overhead controllable variance is $2,250 favorable.

8 0

3 years ago

Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 2

blsea [12.9K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

June 1: $780/150 units= $5.2 per unit

June 10: $1,170/200 units= $5.85 per unit

June 15: $1,260/200= $6.3 per unit

June 28: $990/150= $6.6 per units

A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand.

Units sold= total units - ending inventory

Units sold= (150 + 200 + 200 + 150) - 210= 490 units

<u>The method with the lowest cost of goods sold will have the highest income:</u>

FIFO (first-in, first-out):

COGS= 150*5.2 + 200*5.85 + 140*6.3= $2,832

LIFO /last-in, first-out)

COGS= 150*6.6 + 200*6.3 + 140*5.85= $3,069

Weighted-average:

Weighted-average price= (5.2 + 5.85 + 6.3 + 6.6)/4= 5.99

COGS= 490*5.99= $2,935.1

The inventory method that will provide the highest gross profit is FIFO.

4 0

3 years ago

Maria and Beth are college students who share an off-campus apartment. The rent is $800 a month, which they agreed to share equa

LenKa [72]

Answer:

a small claims court

Explanation:

A small claims court is a local court where a plaintiff can make a claim regarding small amounts of money. Usually small claims courts only have jurisdiction over private disputes regarding money owed under agreement (applies to Maria's claim), unpaid loans, property damage, contract breaches, etc. Small claims court can handle cases up to $35,000 and you usually do not need a lawyer.

4 0

3 years ago

Read 2 more answers

Statutory employees :a. Include common law employees.b. Report their expenses as miscellaneous itemized deductions.c. Claim thei

Sindrei [870]

Answer:

c Claim their expenses as deductions for AGI.

Explanation:

Their costs are specified in Schedule C, not Form 2106 (Option). Although subject to Social Security tax, they are not subject to income tax withholding (option). Legitimate employees are not common law employees (selected). Costs for AGI will be reduced

3 0

2 years ago

Eduardo has always wanted to operate his own fast food restaurant but he knows the high failure rate of restaurants. To increase

telo118 [61]

Answer:

buying a franchise of a well-established restaurant.

Explanation:

A franchise business model is a business arrangement where the owner or 'franchisor' sells the rights of a business to ' franchisee' who operates an independent outlet. The rights that a franchisee acquires include business name, logo, business and operating models. Examples of known franchises are MacDonald, subway, and Starbucks.

The biggest advantage Eduardo will gain by purchasing a franchise is that he will get instant access to a well-established brand name. Eduardo does not need to spend resources on creating a name, or products to introduce to customers. An established franchise will provide him with customers, a management model, and a chance to succeed.

4 0

3 years ago