Answer:
Total Material Variance = $52,130 Unfavorable
Explanation:
Total Material Variance = Actual Cost - Standard Cost
Total Material Variance = Direct Material Price Variance + Direct Material Usage Variance.
But here, we will calculate straight, therefore
Standard cost for 5,200 sleeping bags
= 5,200 
4 $5.50 = $114,400
Actual Cost = 27,300 $6.10 = $166,530
Total Material Variance = $166,530 - $114,400 = $52,130 Unfavorable
As this is the positive, as also Actual cost is higher than standard therefore, this is unfavorable.
Answer:<em> Option (A) is correct.</em>
Vitamin water, juice, coffee are other beverage options available to consumers are the one that can represent substitute products in the soft drink industry.
The five forces can be referred to as a model for business analysis that helps to elaborate on why different industries in a certain market are able to endure different levels of profitability. These forces are often used to evaluate competition depth, appeal, and profitability of the market.
Answer:
Debit : Allowance for doubtful debts = $2900
Credit : Accounts receivables = $2900
Explanation:
An account for allowance for doubtful debts is a contra account created, predicting that certain debtors will not be able to pay for the goods and services they purchased. This may be based on historical experiences. Doubtful debts aren’t officially uncollectible, it is simply an estimation made, but bad debts are, where you have officially written off a certain accounts receivable as uncollectible.
An allowance for doubtful debts is recorded in the balance sheet, directly under accounts receivables. Bad debts are recorded as an expense in the income statement. When there is an allowance for doubtful debts, the bad debts account is debited and the allowance for doubtful debts account is credited.
According to the question, the balance was $2,200 (Cr) in the allowance for doubtful debts account. The initial expected amount for allowance for doubtful debts was $5100 (Cr). This means that the difference was the amount that was declared as uncollectible and officially written off i.e. bad debts. Thus $2900 ($5100 -$2200) would have been confirmed as bad debts.
The entry to record the above transaction is:
Debit : Allowance for doubtful debts = $2900
Credit : Accounts receivables = $2900
