Answer:
A) Price 7,080 U
B) Quantity 4,630.5 U
C) Total 11.710,5 U
Explanation:
DIRECT MATERIALS VARIANCES
std cost $3.45
actual cost $3.65
quantity 35,400
difference $(0.20)
price variance $(7,080.00)
std quantity 36110.00
actual quantity 35400.00
std cost $3.45
difference 710.00
quantity variance $2,449.50
Total Variance: 2,449.5 - 7,080 = -4.630,5
Answer:
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After a customer has purchased a refrigerator, he is offered free delivery, installation, financing, and warranty, this is known as the “Augmented Product”.
<h3>What is an Augmented product?</h3>
An augmented product contains extra features or services added by its seller to distinguish it from comparable goods offered by rival businesses. A product can be improved by including additional, non-physically present features or advantages.
Free delivery and in-home service installation are two aspects that are used to build better items. Cosmetics businesses routinely offer free makeovers and travel-size samples to market their goods.
<h3>What is a product?</h3>
A product is an item that can be offered for sale.
<h3>Who is the customer?</h3>
A customer buys the product to consume.
To know more about Augmented Product visit:
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Answer:
a. Cash and accounts payable
Explanation:
The journal entry to record this given transaction is shown below:
Equipment A/c Dr $5,000
To Cash A/c $1,000
To Account payable A/c $4,000
(Being the equipment is purchased for cash and on account)
Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account
