1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
taurus [48]
3 years ago
13

Wexell Framing's cost formula for its supplies cost is $1,230 per month plus $10 per frame. For the month of October, the compan

y planned for activity of 592 frames, but the actual level of activity was 597 frames. The actual supplies cost for the month was $7,050. The activity variance for supplies cost in October would be closest to:
Business
1 answer:
Gnoma [55]3 years ago
7 0

Answer:

The correct answer is $50 (unfavorable).

Explanation:

According to the scenario, computation of the given data are as follow:-

Planning supply activity cost = (592 × $10) +$1230

= $7,150  

Actual supply activity cost = (597 × $10) + $1230

= $7,200

We can calculate the activity variance for supply cost by using following formula:-

Activity variance for supplies cost = Actual activity cost – Planning activity cost  

= $7,200 - $7,150

= $50  ( positive shows unfavorable)

You might be interested in
Which scenario is not a violation of your rights as a debtor?
mars1129 [50]

A scenario that does not describe your rights being violated as a debtor is A. A debt collector calls you every hour between 8 a.m. and 3 p.m.

<h3>What are debt collectors allowed to do?</h3>

Debt collectors are allowed to call you during the daytime from 8 am to 3 pm.

They cannot however call you before 8 am or after 9 pm without your consent as these would be very inconvienient hours. Also, they can't call you at work.

In conclusion, option A is correct.

Find out more on debt collectors at brainly.com/question/25919625.

3 0
2 years ago
Consumer surplus is A. a buyer's willingness to pay for a good plus the price of the good. B. the amount a buyer is willing to p
valentina_108 [34]

Answer:

B. the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Explanation:

a consumer surplus is the amount that exceeds the amount that a consumer actually pays for a product and the amount they are willing to pay

5 0
4 years ago
The result of the accounting process is several financial statements. The income statement, the balance sheet, and the statement
Volgvan

Answer: Please refer to Explanation

Explanation:

<u>Income Statement </u>

Profitable Company - <em>Bottom line in surplus</em>

Unprofitable Company - <em>Bottom line in Deficit</em>

The Bottomline in the Income statement refers to the Net Profit after all adjustments and deductions have been made. This is the figure that is taken to Retained Earnings and therefore funds the business. If the Bottomline is in Deficit that means the company made a loss and by definition are Unprofitable. The reverse is true.

<u>Balance Sheet</u>

Profitable Company - <em>Financially healthy</em>.

Unprofitable Company - <em>Financially failing</em>.

The Balance Sheet shows the health of a company by checking it's assets vs it's Liabilities and Equity. If it is shown for instance that there is too much debt in the company or that Current Liabilities are more than Current Assets, this shows that the company is not healthy and this is usually a symptom of an Unprofitable company. However a balance sheet showing strong Net Assets and a good Debt - Equity balance is considered healthy and is related to a Profitable Company.

<u>Statement of Cashflow.</u>

Profitable Company - <em>Inward flow of cash</em>

Unprofitable Company - <em>Outward flow of Cash</em>

The Statement of Cashflow (SCF) shows the actual amount of cash that a company has and spends. Other statements can include amounts for which cash has not been paid yet due to the Accrual system in Accounting. The SCF only deals with cash. A Profitable Company will have more cash coming in than going out because it would mean they are making profits as well as being in a strong financial position.

An Unprofitable Company on the other hand will show more cash leaving than coming in. This Outward flow of cash will signify that the company is spending more than it gets which is the sign of unprofitability.

3 0
4 years ago
Kim and lyle are partners in k&amp;l sales, which exports technical equipment. if congress declares that the equipment can no lo
snow_lady [41]

If the congress declares that K and L sales’ equipment can no longer be exported, this means that the K and L will be dissolved immediately in which it won’t likely to run or function, not unless the company open another business or change their own business.

7 0
3 years ago
When a corporation issues its capital stock in payment for services, the least appropriate basis for recording the transaction i
koban [17]

Answer:

par value of the shares issued.

Explanation:

In the case when the corporation issued the capital stock with regard to the service payment so the least & appropriate basis for recording the above transaction would be the par value of the shares issued as it would leads to the excess payment

Therefore according to the given situation the last option is right

8 0
3 years ago
Other questions:
  • Journalize the following transactions using the allowance method of accounting for uncollectible receivables.April 1 Sold mercha
    10·1 answer
  • Name one of the three functions of money.
    8·1 answer
  • Proton corp. is an automobile manufacturer known for producing efficient, durable, and low-priced cars. recently, the company la
    10·1 answer
  • QS 23-10 Sell or process further LO A1 Holmes Company produces a product that can be either sold as is or processed further. Hol
    7·1 answer
  • Light poles to be paid for in installments by affected property owners$350,000 Van used to transport supplies to all city depart
    14·1 answer
  • Economic exposure refers to Multiple Choice the sensitivity of realized domestic currency values of the firm's contractual cash
    5·1 answer
  • At January 1, 2020, Culver Inc. had accounts receivable of $69,000. At December 31, 2020, accounts receivable is $54,000. Sales
    14·1 answer
  • An example of a need is
    12·1 answer
  • A call option on MassComputer Corp. is trading with a strike price of $100 and an expiration date on November 18th at 4 pm in th
    11·1 answer
  • the government decides what is produced, along with how much is produced. the government controls some aspects of the economy, s
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!