Answer:
This protection usually covers checks, ATM transactions, and debit card transactions. Overdraft protection may make more financial sense, will result in the recipient not knowing your low bank balance, and ensures emergency transactions process.
Explanation:
Answer: Understated and Overstated
Explanation:
Cost of good sold is the addition of Opening stock to the purchases and subtracting closing stock, the omission of $10,000 will reduce it. Invariably a reduction in cost of sales will overstate income.
Answer:
$860,400
Explanation:
Cholla, Inc.’s
Cost of goods sold = Beginning inventory + Purchases − Ending inventory
Purchases = Cost of Goods Sold − Beginning Inventory + Ending Inventory
Cost of Goods Sold $801,000
Less Beginning Inventory ($77,400 )
$723,600
Add Ending Inventory $ 136,800
Amount of inventory purchased $860,400
Therefore the amount of inventory that was purchased during the year was $860,400.
Mean while the consignment inventory is not owned by the company and is not as well considered in the Cost of Goods Sold equation.
Answer:
Big data analytics
Explanation:
Big data analytics is the process of analysing large data sets (big data) to get insights such as hidden patterns, correlations, and market trends. This information is used to make business decisions.
Big data analytics bus used to study structured data sets, unstructured data sets, and semi-structured data sets.
This form of data processing bis used accros different industries including banking, insurance, health-care, communication, education, and manufacturing.
Answer:
$
Standard total overhead cost (0.5 hr x 25,000 x $3.29) 41,125
Less: Actual total overhead cost ($21,000 + $18,000) 39,000
Total overhead variance 2,125(F)
Standard overhead application rate
= <u>Budgeted overhead</u>
Budgeted direct labour hours
= <u>$115,150</u>
35,000 hours
= $3.29 per direct labour hour
Explanation:
Total overhead variance is the difference between standard total overhead cost and actual total overhead cost. Standard total overhead cost is the product of standard hours per unit, standard overhead application rate and actual output produced. Actual total overhead cost is the aggregate of actual variable overhead cost and actual fixed overhead cost. Standard overhead application rate is the ratio of budgeted overhead to budgeted direct labour hours (normal capacity).
