Answer:
$3,000 F
Explanation:
Note that an activity variance is the difference between a revenue or cost item in the flexible budget and the same item in the static planning budget, and can also be the difference in the actual level of activity used in the flexible budget and the level of activity assumed in the planning budget.
In budgeting activity variance is divided into two types;
- When actual results are better than expected results the given variance is described as favorable variance. In common use favorable variance is denoted by the letter F - usually in parentheses (F).
- When actual results are worse than expected results given variance is described as adverse variance, or unfavorable variance. In common use adverse variance is denoted by the letter U or the letter A - usually in parentheses (A).
In the case of Wisseman Corporation the activity variance for total expenses for September would have been closest to $3,000 F.
Answer:
$0.6 per unit
Explanation:
The computation of the variable rate per unit of output is shown below:
But before that first we have to determine the variable cost which is
= Total utilities cost - fixed cost
= $2,600 - $2,000
= $600
And the number of units produced is 1,000 units
So, the variable rate per unit of output for utilities cost is
= $600 ÷ 1,000 units
= $0.6 per unit
Answer:
$816,000
Explanation:
Little company's income was for 864,000
We also have, amortization related to Little company for 48,000
we will decrease the income from Little company by this amount
giving a net result of 816,000
The dividends do not impact net income.
The Big Company transactions do not impact on the Little company net income unless we are provided otherwise.
We are not given any information of rtansactions intra-entity so we can conclude thats the consolidades earning for Little Company.
Answer:
The inventory turnover for the period is 5
Explanation:
Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.
The formula for computing the inventory turnover is as:
Inventory turnover = Cost of goods sold / Average inventory
where
Cost of goods sold (COGS) = $9,070,000
Average inventory = $1,814,000
Putting the values above:
Inventory turnover = $9,070,000 / $1,814,000
Inventory turnover = 5
