The total estimated variable manufacturing overhead/total estimated amount of the allocation base is the calculation to compute the <u>Variable</u><u> </u><u>Manufacturing</u><u> Overhead Rate</u>.
Variable Manufacturing is the expenses of running a firm that varies with the extent of enterprise or manufacturing interest. As production output will increase or decrease, variable overhead actions are in tandem.
Variable Manufacturing is the manufacturing prices that vary kind of on the subject of modifications in production output. The idea is used to model the destiny expenditure degrees of a commercial enterprise, in addition to determining the lowest possible rate at which a product should be bought.
To calculate Variable Manufacturing, multiply what it prices to make one unit of your product by means of the full number of merchandise you have created. This system looks as if this: overall Variable costs = fee in step with Unit x overall quantity of units.
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Answer:
b. Debit Cash, $3,600; credit Unearned Legal Fees Revenue, $3,600
Explanation:
Cash Collected in advance against the service to be performed in the following month is actually an unearned revenue and it is considered as liability when it is received. The revenue will be recognized in the following month and balance will be transferred from unearned revenue to revenue account.
As cash is received so it will be debited due to its debit nature and A liability of unearned revenue is created so it will be created due the credit nature of liability account.
Answer:
A
Explanation:
A middleman is a link between a producer and a consumer. Middlemen includes wholesalers and retailers
Some of the functions of middlemen include
1. They provide information to the producers about consumers' tastes
2. they market producers goods and services
3. Middlemen render financial help to manufacturers.
Matt co. is the lessor in connection with an operating lease. matt co. would record a depreciation expense. The lessor records it as a depceciation expense becuase they are using a stright-line lease as a source of revenue. As the operation lease declines, it will keep showing as a depreciation on their balance sheets.