Answer:
Explanation:
Standard fixed overhead rate=budgeted fixed overhead costs/practical capacity=$400000/32000=$12.50
Fixed overhead spending variance=Actual fixed overhead-Budgeted fixed Overhead=$403400-$400000=$3400
Fixed overhead volume variance=Budgeted fixed overhead-(Standard hours*Standard fixed overhead rate)=400000-(0.80*32000)=$397440
(b.) FALSE
Hezerberg gave the Two-factor theory also known as dual-factor theory and Herzberg's motivation-hygiene theory. It states that there are few things in the organization and company or any workplace that leads to satisfaction of a worker. These things are hygiene and motivation.
Answer: Higher by $15,540.
Explanation:
Insurance was paid for a year on October 1 therefore it lasted only 3 months in the year. That needs to be reflected.
= 14,000 * 3/12
= $3,500
$3,500 in insurance for the year.
Advanced $12,000 for principal and note due in a year on June 30 leaving only 6 months in the year. Accounting for that will be,
= 12,000 * 6% * 6/12
= $360
Equipment cost was not an adjusting error but the depreciation is. Depreciation for the year is $12,400.
Adding all the adjusting entries,
= 3,500 + 360 + 12,400
= $15,540
All of the above were expenses to be taken out of Net Income. Therefore if they were not recorded, Income would be higher by $15,540.
Answer:
A. can be either positive or negative, depending on the statistical discrepancy.
Explanation:
The balance of payments is a tool in international trade that demonstrates the financial transaction made by a particular country with foreign countries. It i most often includes export, import and transfer payments.
Theoretically, it should be zero as a country's assets should equal the liabilities. However, in practice, that is not always the case, as the country's debits and credits can create a discrepancy in the balance of payments, which creates a<em> surplus </em>or <em>deficit</em>.