The amount that Gum should report as estimated warranty expense on its December 31, 2012 balance sheet is $14,250.
First step is to calculate the estimated cost related to dollar sales
Estimated cost related to dollar sales=2%+4%
Estimated cost related to dollar sales= 6%
Second step is to calculate the estimated warranty expense that should be reported
Estimated warranty expense =(400,000×6%)-Total of actual warranty expenditures of $9,750
Estimated warranty expense=$24,000-$9,750
Estimated warranty expense=$14,250
Inconclusion the amount that Gum should report as estimated warranty expense on its December 31, 2012 balance sheet is $14,250.
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Answer:
conflict of loyalty
Explanation:
Conflict of loyalty is a type of conflict that prevents someone to pick a decision that gives the best result because of the loyalty of the executor. You might confuse this with conflict of interest, where the executor can get financial or other benefits if they choose that decision.
Lucretia work with her employer and her friend. She feels that she should be loyal to both of them. The source of the conflict is her feeling of loyalty, there is no direct benefit for here in this conflict.
1 in 5 of the sample employees use direct deposit
<span>Approximately 50 million US homes have only one 25 Mbps internet provider or none at all which accounts to around 64%.The remaining 46% which accounts for more than 10.6 million US households have no access to wired internet service with download speeds of atleast 25mbps.</span>
Answer:
Usage variance=$750
Explanation:
<em>A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite </em>
<em> Pounds</em>
7,800 units should have used ( 7,800× 3) 23,400
but did use <u>23,100</u>
Usage variance 300
× standard price <u>$2.50</u><u> </u>
Usage variance <u> $750</u> favorable
Usage variance =$750
