Answer:
Direct material quantity variance= $2,170 unfavorable
Explanation:
<u>To calculate the direct material quantity variance, we need to use the following formula:</u>
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (2*5,000 - 10,310)*7
Direct material quantity variance= $2,170 unfavorable
Answer:2 : 1
Explanation:
current ratio = current asset/current liability
If current liability was $900,000 less $100,000= $800,000
Therefore the current ratio=
$1,700,000/$800,000 =
2 : 1
Answer: Ambush Marketing
Explanation:
The mask company is engaged in Ambush marketing in the Olympics event.
Ambush marketing is a marketing technique that businesses use to give the public an impression that they are sponsoring an event when they aren't.
Answer:
total cost of having the manuscript type is $680
Explanation:
given data
first time = $5 per page
revised = $3 per page
manuscript = 100 pages
revised only once = 40
revised twice = 10
to find out
total cost of having the manuscript typed
solution
we know for 1st time page cost is
page 1st time = 100 - 40 - 10 = 50 page
cost 1st time = 50 × $5 per page = $250 .................1
and
for first revision
first revision page = 40
cost of first revision = 40 × ( first time $5 + first revision $3 )
cost of first revision = 40 × 8 = $320 ......................2
and
for second revision
second revision page = 10
second revision cost = 10 × ( first time $5 + first revision $3 + second revision $3 )
second revision cost = 10 × 11 = $110 ..........................3
add all 3 equation
total = $250 + $320 + $110
so total cost of having the manuscript type is $680
The realisation principle indicates that the revenue from these ticket sales should be recognised in the period in which the Wine tasting is held.
Explanation:
It complies with Revenue Recognition Accounting Policy 9. It will be a burden for the organization, until the moment services are provided for which the money is taken.
Revenue recognition is a GAAP which defines the specific conditions under which revenue can be recognized. Revenue recognition is a generally accepted concept of accounting. In fact, when the crucial event happened, profits are remembered and the value of the profit for the company is tangible.
For Example, when a product is sold, the profit accounting is relatively straightforward, and the customer pays the products. Nevertheless, the fact that a company takes a long amount of time to manufacture a commodity will confuse accounting. Consequently, there are a number of situations in which the concept of acknowledgment of profit may be excepted.
