Answer:
$192,000
Explanation:
Calculation for What is the value of ending inventory under variable costing
Using this formula
Value of ending inventory =[(Direct materials+Direct labor+Variable overhead+(Fixed overhead/Units produced)×Ending units in inventory]
Let plug in the formula
Value of ending inventory=[($6+ $4+ $5 + ($234,000/26,000 units) ×8,000 units]
Value of ending inventory= ($15 units+$9 units)×8,000 units
Value of ending inventory=$24 per units×8,000 units
Value of ending inventory = $192,000
Therefore the value of ending inventory under variable costing will be $192,000
Answer:
$5,000
Explanation:
The depreciation by Green Company in respect of truck for the first year of operations shall be calculated using the following mentioned formula;
Depreciation for the year= (Cost of asset-Residual value)/useful life
Cost of asset=$30,000
Residual value=$5,000
useful life=5
Depreciation for the year=($30,000-$5,000)/5=$5,000
Welfare payments are governments subsidies that provide financial aid to those who cannot care for themselves. Some are meant to be temporary aid like TANF, SNAP, and day care programs. Others like programs for the aged, blind, and disabled may be given for the remainder of their lives.
Hope this helps.
Answer:
The corresponding budgets in column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A are matched in the explanation below
Explanation:
1.) Budgeted Income Statement
E.) Sales Budget
2.) Budgeted Balance Sheet
D.) Payables Budget
3.) Cash Flow Budget
A.) Direct Materials Budget
4.) Cost of Goods Sold Budget
B.) Cost of Goods Sold Budget
5.) Production Budget
C.) Production Budget
Answer:
Correct option is (a)
Explanation:
Unearned revenue are revenue earned against services that have not been performed yet. In accrual system, revenue is recognized when service is performed against it.
Revenue earned without service being discharged is treated as liability till the period service is performed. It is recognized as income only after service is performed. For example unearned rent revenue is an unearned revenue which is reported as a liability till the rent period for which revenue was received is over.
