Answer:
Variable Expenses
Desk $115,520
Chairs $19,040
Fixed cost
Budgeted $40,000
Under absorbed $1,800
Explanation:
Variable costs are those will vary will the change in sale or activity level e.g material cost, labor cost etc.
Fixed costs are those which remains fix and does not vary with the change in sale or activity level.
Answer:
b. Hold the tires with reasonable care for disposition as the seller instructs.
Explanation:
When goods are non-conforming to contract, the buyer has the right to reject the goods. The seller also has the right to cure the defect or ensure conformity.
1. Buyer's right to reject: In this case the buyer has the right to reject the goods on inspection, and notify the seller within a reasonable amount of time.
2. Seller's right to cure: The seller has the right to cure defect on the goods, and this can be done where there is still time to rectify the defects noticed by the buyer. In this case, the buyer is not due to pay for the goods for the next 30 days.
The seller still has the opportunity to meet the contract standard and close the deal.
So option b is correct. The buyer holds the goods pending decision of seller to either cure defects on goods or retrieve the goods.
Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.
<h3>
What is tax?</h3>
A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.
For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.
Learn more about tax on:
brainly.com/question/9437038
