Answer:
$2,010
Explanation:
The future value of the savings account in 6 years can be computed using the below future value formula:
FV=PV*(1+r)^n
FV=unknown future amount
PV=current worth of the savings account=$1,200
r=annual interest rate=5%
n=number of years envisaged=6
FV=$1,500*(1+5%)^6
FV=$1,500*(1.05)^6
FV=$1,500*1.3400956
FV=$2,010
Answer:
Dr. Cr.
Work in process $73,000
Manufacturing overhead $13,000
Account Payable $86,000
Explanation:
The Direct cost are those which are directly attributable to the product or service under consideration. Indirect cost are those which cannot be directly assigned to product or service cost. All the direct cost is added to the work in process account and indirect cost are included in the manufacturing overhead account.
That would be known as taxable income
<span>they marched to demand better working conditions,more personal freedoms, and greater representation in government.</span>
Answer:
$1.8 Unfavourable
Explanation:
Labor usage variance can be calculated by deducting Standard hours from Actual hours and multiplying the result by the standard rate.
DATA
Standard hours = 1.50 hours
Standard rate = $12/hour
Actual hours = 1.65 hours
Actual rate = $11.5/hour
Calculation
LABOUR USAGE VARIANCE = (SH-AH)SR
LABOUR USAGE VARIANCE =(1.5 - 1.65) x $12
LABOUR USAGE VARIANCE = (-0.15) x $12
LABOUR USAGE VARIANCE = $1.8 Unfavourable
