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Lelu [443]
3 years ago
14

The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would ca

use
A. the period’s net income to be overstated.
B. the period’s net income to be understated.
C. the period end assets to be overstated.
D. None of the above
Business
1 answer:
alex41 [277]3 years ago
7 0

its not b. the periods net income to be understated

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A budget based on several different levels of activity, often including both a best-case and worst-case scenario, is called a:
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3 years ago
Read 2 more answers
Cullumber Manufacturing Company purchased 14600 switches to make 6300 units. The standard allows for 2 switches per unit. The co
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Answer:

d. $1,875 unfavorable

Explanation:

Direct material quantity variance is computed as;

= (AQ - SQ) × SP

AQ = Actual quantity = 6,300 units

SQ = Standard quantity = 14,200 / 2 = 7,300 units

SP = Standard price = $0.80

Direct material quantity variance

= (6,300 - 7,300) × 0.80

= -1,000 × $0.80

= -1,875 unfavorable

3 0
3 years ago
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