Answer:
-$720 unfavorable
Explanation:
The computation of the material quantity variance is shown below:
= Standard Price × (Standard Quantity - Actual Quantity)
= $18 per pound × (610 pounds - 650 pounds)
= $18 per pound × -40 pounds
= -$720 unfavorable
Simply we take the difference between the standard quantity and the actual quantity and then multiply it by the standard price so that the correct value can come
Answer:
Option (c) is correct.
Explanation:
Given that,
For the current year,
Wages = $80,000
Long-term capital gain = $9,000
Short-term capital loss = $12,000
Loss on sale of camper (purchased 4 years ago and used for family vacations) = $2,000
David's AGI for the current year:
= Wages - Short-term capital loss + Long-term capital gain
= $80,000 - $12,000 + $9,000
= $77,000
