When actual revenue <u>exceeds</u> what the revenue should have been, the variance is labelled favourable.
Hope that helps!
Answer:
Dr. Employee Benefits expense $22,700
Cr. Medical Insurance payable $13,500
Cr. Employee retirement program payable $9,200
Explanation:
The cost of fringe benefit provided to the employee of the company and any tax component attached to it is known as the employee benefit expense.
Total employee benefit expense is the sum of medical insurance and employee retirement program. As medical insurance and retirement program is payable until now so, it is recorded as a liability.
Employee benefit expense = $13,500 + $9,200 = $22,700
Omg! Do you do k12? Me too!
Financing is usually investing in businesses. So looking at the answers. . .
I think it's using a credit card to pay for purchases.
If it's wrong I completely apologize!
Hoping this helps!
Agriculture:
- farms
- biotechnology ( now)
- food ( wheat,grain)
