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Answer: The answer is Net income $180,000
Explanation:
All star Exposure
Monthly income Statement
$ $
Sales. 475,000
Less: Expenses
Sales commission 42,000
Technology cost 71,000
Research & Development cost 140,000
Selling Expenses 12,000
Administrative Expenses 30,000
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(295,000)
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Net income. 180,000
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The All star income statement has no line item for cost of good sold because cost of good sold is a direct cost incurred by All star Exposure on the goods sold. it does not appear as part of the expenses in the income statement.
Answer:
a. $2,020 Favorable
Explanation:
The computation of spending variance for direct materials in April is shown below:-
For computing the spending variance for direct materials in April first we need to find out the actual price per unit which is here below:-
Actual price per unit = Actual direct material ÷ Actual units purchased
= $49,086 ÷ $5,060
= $9.70
Spending variance for direct materials in April = (Actual price per unit - Standard price per unit) × Actual quantity
= ($9.70 - $10.10) × 5,060
= -$0.4 × 5,060
= $2,024 Favorable
which is closest to $2,020 Favorable.
Answer:
option D is correct answer
Explanation:
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