Answer:
a. $90,000 favorable
Explanation:
Calculation for what The selling price variance for Product Y is
First step is to calculate the Actual price
Actual price:M=$540,000 ÷ 9,000
Actual price= $60
Now let calculate the selling price variance
Selling price variance=($60 - $50) × 9,000
Selling price variance=$10×9,000
Selling price variance=$90,000 favorable
Therefore The selling price variance for Product Y is $90,000 favorable
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Answer:
The description as per the given question is described below.
Explanation:
The given value is:
Joint costs of processing,
= $150,000
According to the question,
The ratio of sale value will be:
= 
= 
On adding we get,
= 
= 
hence,
The amount of joint cost allocated to each product will be:
Sugar,
= 
= 
($)
Sugar syrup,
= 
= 
($)
Fructose syrup,
= 
= 
($)
Answer: $4,690
Explanation:
From the above, Chuck can include the following with his itemized deductions,
County Real Estate Tax,
School District Tax on Realty,
State Income Tax estimated Payments and
State income tax withholding.
Calculating the above,
= 950 + 670 + 1,010 + 2,060
= $4,690
the amount of taxes that Chuck can include with his itemized deductions is $4,690.
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