Answer:
$27,000
Explanation:
Allowance for doubtful accounts before adjustment $15,000
Allowance provided for the month;
$800,000*1.5% $12,000
Closing balance for Doubtful Accounts $27,000
The allowance for doubtful accounts is provided on net sales basis therefore sales are multiplied with % of bad debt allowance given in question.
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Answer:
B) Materials quantity variance
Explanation:
Provided that actual and standard price per raw material is same, therefore the price variance will be 0 as there is no difference.
Also provided that actual quantity is more than budgeted, therefore there will be an impact on material quantity variance.
As Material Quantity Variance = (Standard Quantity - Actual Quantity) Standard Price
Since here actual quantity will be more than standard, there will be an unfavorable variance.
Thus correct option is,
B) Materials quantity variance