Sales returns and allowances are reported on the <u>Income Statement</u>.
<h3>What is the income statement?</h3>
The income statement is a financial statement wherein the sales revenue and cost of goods sold and operating expenses are summarized in order to obtain the net income.
When reporting the sales returns and allowances on the income statement, they are subtracted from the gross sales to arrive at the net sales.
Thus, sales returns and allowances are reported on the <u>Income Statement</u>.
Learn more about the income statement at brainly.com/question/24498019
Cloud computing technology is being used by Gamma to perform the computing tasks for other businesses.
Explanation:
Cloud computing is the on-demand availability of computer system resources, data storage and computing power, without direct active management by the user. This term is used to determine data centers available to many users over the internet.
Cloud computing is a software performs multiple business functions like processing payrolls, generating tax information for employees, and managing performance evaluation reports. The software is hosted on a remote maintained by the Gamma, and client businesses can access it online.
The information and data is stored on physical or virtual servers, which are maintained and controlled by cloud computing provider such as Amazon and AWS product.
Answer:
Results are below.
Explanation:
<u>To calculate the direct labor rate and efficiency variance, we need to use the following formulas:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (17.7 - 17.8)*7,600
Direct labor rate variance= $760 unfavorable
Actual rate= 135,280/7,600= $17.8
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (4*1,800 - 7,600)*17.7
Direct labor time (efficiency) variance= $7,080 unfavorable
I believe that the correct answer is b project manager<span />
