At december 31, gill co. reported accounts receivable of $244,000 and an allowance for uncollectible accounts of $1,350 (credit)
1 answer:
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Answer:
input prices decrease.
Explanation:
Aggregate supply is also called domestic final supply is the total supply of goods and services that is made available in an economy in a given period of time. It looks at the national supply of all goods and services.
If there is a decrease in input prices, supplier's cost of doing business reduces and he will have more money to engage in more production. This will result in increased production and a shift of aggregate supply curve to the right.
This is illustrated in the attached diagram.
Answer:
This question is incomplete, here's the complete question:
World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company expects to use 25,000 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.625 direct labor hours per unit. At the 80% capacity level, the total budgeted cost includes $50,000 fixed overhead cost and $275,000 variable overhead cost. In the current month, the company incurred $305,000 actual overhead and 22,000 actual labor hours while producing 35,000 units.
(1) Compute the overhead volume variance.
(2) Compute the overhead controllable variance.
Explanation:
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