Answer:
Yes
Explanation:
Devaluation is the purposeful reduction of the value of a nation's currency in relation to another currency or group of currencies. When the currency is devalued, it can lead to an increase in the export of the nation's produce because the price of the exported goods is cheaper and foreign countries are most likely to purchase cheap goods.
The economic growth rate of a nation is the change in percent of goods and services produced in a country over a period of time. It gives an idea of the income of the average citizen in the country. When the value of the local currency is devalued, exports will increase and that will also cause an increase in the income of citizens. This translates to a resultant increase in the economic growth rate of the nation.
<span>Given:
the standard cost of a particular auto part includes 6 direct labor hours of variable manufacturing overhead at $8 per hour
</span><span>4,400 units of this auto part were produced using 28,400 direct labor hours and incurring a total of $245,000 in variable manufacturing overhead cost.
</span>Variable overhead spending variance = Actual variable overhead - (AH x <span>SR)
VOSV = 245,000 - (28,400 * 8)
VOSV = 245,000 - 227,200
VOSV = 17,800 UNFAVORABLE
The result is Unfavorable because the actual variable overhead exceeded the standard or budgeted variable overhead.
</span>
Answer:
C. $31,100
Explanation:
The computation of the cost of goods sold is presented below:
= Beginning finished goods inventory + Cost of goods manufactured - ending finished goods inventory
= $14,600 + $35,200 - $18,700
= $31,100
We simply added the cost of goods manufactured and deduct the ending finished goods inventory to the beginning finished goods inventory so that the cost of goods sold could come
Answer:
A current liability would be Option D: Unearned rent
Explanation:
Current liabilities are the ones that need to be paid within a year, out of current assets.
In case of 'unearned rent', debit is recorded to the cash account by the landlord. And a balancing credit is logged to the unearned rent account This is a liability account.
The rent is unearned under the cash basis of accounting. the rent that is received by the landlord is considered his income. Thus, out of the given options, unearned rent is the current liability.