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Bachelors, Diploma and Higher Certificate Pass Requirements Explained
Written by howtopassmatric on October 20, 2015 <span> · 124 Comments</span> </span>
We often get asked to check if learner (Insert your name) will or will not pass with a bachelors, diploma or certificate.
Answer:
I believe that it is A and C
Explanation:
Answer:
Explanation:
The journal entries are shown below:
On July 1
Prepaid insurance A/c Dr $9,400
To Cash A/c $9,400
(Being the prepaid insurance for cash is recorded)
On December 31
Insurance expense A/c Dr $2,350
To Prepaid insurance A/c $2,350
(Being the insurance expense is recorded)
The computation is shown below:
= Prepaid insurance amount ÷ number of years × number of months ÷ total number of months in a year
= $9,400 ÷ 2 years × 6 months ÷ 12 months
= $2,350
Answer:
1. $2.5 million
2. $0
Explanation:
1. Since the book value is more than the generated future cash flows so book value cannot be recovered. In this case, the generated future cash flows are ignored
In this scenario, we compare the values between book value and the fair value of machinery, the difference would be the loss on impairment of the asset
In mathematically,
= Book value - fair value
= $6.5 million - $4.0 million
= $2.5 million
2. In this case, the sum of future cash flows is exceeded than the book value. So, no impairment loss would be recognized i.e zero amount
Answer:
1,370.85 Unfavorable
Explanation:
Standard rate
:
= Budgeted variable overhead costs ÷ Budgeted direct labor hours
= $13500 ÷ 640
Direct labor hours = $21.09 per direct labor hour
Standard time to produce goods
:
= Budgeted direct labor hours ÷ Production volume
= 640 ÷ 6,400
= 0.10 hours
VOH Efficiency Variance
= ( SH − AH ) × SR
where,
SH are standard direct labor hours allowed
AH are the actual direct labor hours
SR is the standard variable overhead rate
(SH − AH ) × SR
= [(4,200 × 0.10) - 485] × $21.09
= (420 - 485) × $21.09
= 1,370.85 Unfavorable
