Answer:
b.$219,300
Explanation:
The computation of the amount of factory overhead applied in October is given below:
= Opening balance + direct material + direct labor - ending balance - good finished
= 24,900 + 94,400 + 197,000 - 212,900 - 322,700
= -$219,300
= $219,300
Hence, the option b is correct
Answer:
$0
Explanation:
Capital assets are useful items that a business intends to keep beyond the current financial year. They are assets held for personal or investment purposes. Capital assets exclude items meant for sale in the current financial period.
Capital assets are used in the business operations to generate more revenues for the company. They are assets with a use-life that is greater than one year. Castle City General purchased a computer to be used by the city's treasurer. Castle City General will not use this item; hence it will not help in generating any revenues. The Furniture is for the mayor's office, and not the Castle City operations. These two purchases will not be included in Castle City books as capital expenditures.
Answer:
$114 unfavorable variance
Explanation:
Austin produced 510 chairs:
estimated machine hours actual machine hours
2,040 hours 2,100
estimated variable overhead actual variable overhead
$11,016 $11,130
the variable overhead efficiency variance is $11,016 - $11,130 = -$114
a negative number means that the variable variance is $114 unfavorable
Entrepreneur is a person who is willing to bear risks to gain profits.
1) risk bearing
2) innovative
3) personality
Answer:
The strategy only pays off when the stock price in August is between $44.25 and $55.75. Thus, the answer is b.
Explanation:
The investor net gain on premium from option is $1.25 + $4.5 = $5.75.
The investor has to obligation to buy at $50 and obligation to sell at $50 in August.
As a result, Investor paid-off is described according to the spot price, denoted as x, of Hug-Packing in August as below:
Spot price <$50: 5.75 - (50 - x) = x - 44.25
Spot price = $50: $5.75
Spot price > $50 : 5.75 - ( x -50) = 55.75 - x
Thus, the strategy will pay off only when:
(x - 44.25) > 0 and (55.75 - x) <0 or x is between $44.25 and $55.75.
Thus, the answer is b.
