Answer:
See below
Explanation:
a. Labor rate variance for the month
= (SR - AR) × AH
= ($16.70 - ($87,360/5,200 hours)) × 5,200
= ($16.70 - $16.8) × 5,200
= $520 Unfavourable
b. Labor efficiency variance
= (SH - AH) × AR
(4.4 × 1,100) - 5,200) × $16.70
= (4,840 - 5,200) × $16.70
= $6,012 Unfavourable
Wald corporations should credit reatined earnings as $20,000 credited as revenue balance.
<h3>What is retained earning?</h3>
After paying all direct and indirect costs, income taxes, and dividends to shareholders, a company's profitability ratios are the amount of profit left over.
This is the part of the statement of financial position that can be utilized to invest in new equipment, research and development, and marketing, for example.
Revenues will enhance the retained profits balance, while expenses will lower it the reason behind this is they both come under the Income statement.
Therefore, retained earnings are considered as profitable income of the organization it is credited as revenue balance in the financial statement.
Learn more about retained earnings, here:
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Answer:
The vaule of technology in business is very important like the most important of the business because it help keeps tracks of things, save database, and it help the business grow.
Answer:
c. exaggerate
Explanation:
Typically, before and after photos is used by company to convince the customers that their product has a desired effect. You can see this in advertisement for almost every products for weight loss (such as appetite suppressant or workout equipment.)
The before after photos that showed in the advertisement often exaggerated in order to give positive impression toward their product. For example, the companies often took the before and after photo from different angle in order to make the people seems slimmer.
Answer:
b.matching
Explanation:
Deferrals and Accruals are based on matching principle of accounting. Matching principle requires that all the expenses to record in the same period when revenue is earned. The purpose of matching principle is to report relevant and accurate information in the accounting period. It brings all the revenue and related expenses together to report in the same period.