Answer: variable costs of $49,500 and $23,000 of fixed costs
Explanation:
A flexible budget refers to the budget which adjusts to the volume levels of a company.
Based on the information given in the question, the variable cost will be:
= (44000/8000) x 90000
= $49500 variable
On the other hand, the fixed cost has been given as $23000.
Therefore, the flexible budget would show variable costs of $49,500 and $23,000 of fixed costs.
Answer: Negligence of duties
Explanation:
As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.
Answer:
1
Dr Fixed asset equipment_________$10000
Cr Cash_______________________________$10000
purchased equipment
2
Dr Depreciation expense____________$1800
Cr Acummulate Depreciation_______________$1800
Anual depreciation
Explanation:
1
Dr Fixed asset equipment_________$10000
Cr Cash_______________________________$10000
purchased equipment
2
Dr Depreciation expense____________$1800
Cr Acummulate Depreciation_______________$1800
Anual depreciation
