Answer:
$1,188 unfavorable
Explanation:
Volume variance = Budgeted fixed overhead cost - Fixed overhead applied to work in process.
$89,640 ÷ 8,300 machine hours
= $10.8 per machine hours
= $89,640 - ( 8,190 machine hours * $10.8 per machine hours )
= $89,640 - $88,452
= $1,188 unfavorable
Answer:
(A) Income statemnt for year ended 2XX9
sales 397,000
COGS (115,000)
gross profit 282,000
operating expenses (125,000)
income before taxes 157,000
income tax expense (53,380) <em>34% of 157,000</em>
Net Income 103,620
(B) Profit Margin 26.10%
(C) non-sufficent information
Explanation:
(A)
the dividends and retained earnings are not part of the income statment.
(B)
profit margin:
net income / sales = 103,620/397,000 = 0.261007556 = 26.10%
(C) non-sufficent information
Answer:
estimated value = $240000
so correct option is C. 240000
Explanation:
given data
net income = $1800
rate of return = 9%
to find out
estimated value
solution
net income annual will be = net income × 12 (months)
net income annual = $1800 × 12
net income annual = $21,600
so estimated value will be
estimated value = 
estimated value = 
estimated value = $240000
so correct option is C. 240000
Answer:
Examine the reliability of the process.
Explanation:
As a high end clothing company, it is a very good initiative and welcoming to have clothes that possibly posses global version and global value so it is good for such routine checks to be done. This could be tedious and cost the company more than usual.
In this case where there are a reasonable amount of such clothes failing these routine checks, it is not too good for the company as more re-evaluations are to be done in order to cub the rate at which this is in the last six months. This process of examining the reliability process is the company's best bet to tackle the issue they have at hand.
Answer:
According to the straight-line depreciation, this number can be obtained by dividing the difference between an asset's cost and its expected salvage value.
<u>Depreciation</u> = Asset's Cost - Expected Salvage Value ÷ Expected Years of use
Explanation:
In the case of Tops Co., they purchase equipment for $12,000 - $500 of Salvage Value expected ÷ 5 Expected years of use
The estimated depreciation will be $2,300 for 5 years
At the beginning of the third year Tops Co. decided to use the equipment for 6 years and no salvage value.
The remaining purchase value will be $12,000 - $2,300 (x3) = $5,100
Apply again the formula described above and our answer will be:
The revised estimated depreciation is $1,700 for the remaining three years.
