Answer:
Fixed overhead volume variance $540 unfavorable
Explanation:
<em>The fixed overhead volume variance is the difference between the budgeted and actual production volume multiplied by the standard fixed production overhead rate per unit.</em>
Overhead absorption rate = Budgeted Fixed overhead/Budgeted units
= 27,000/1000 =$27 per unit
Unit
Budgeted production 1000
Actual production <u> 980</u>
Volume variance 20
Standard fixed overhead cost $<u>27</u>
Fixed overhead volume variance <u> $540</u> unfavorable
Deflation (where the average prices are positive, but falling) OR Disinflation where they are negative
Answer:
A) Recognize the write-down as a separate line item.
Explanation:
IAS 2 Accounting for Inventory requires that inventory be recognized at the lower of cost or net realizable value. Inventory is a balance sheet item which is initially recognized at cost.
However, once there is an indication that the cost is lower than the net realizable value, the carrying amount of inventory is written down with the write off recognized as a separate line in the P/l and not as an addition to the cost of goods sold.
Hence the right option is A) Recognize the write-down as a separate line item.
Answer:
As with all probability sampling methods, simple random sampling allows the sampling error to be calculated and reduces selection bias. A specific advantage is that it is the most straightforward method of probability sampling.
Answer:
Security Deposit
Explanation:
Security deposit is the correct answer because this is the amount that has been considered by the owner when there is any damage occurs. This amount is paid initially which is more than the monthly payment and refundable when the agreement finishes. In the given question it can be clearly seen that the security money is more than monthly payment of $2000.
