Answer:
$91 favorable
Explanation:
Variable overhead rate variance = (Standard variable overhead rate - Actual variable overhead rate) * Actual hour worked
Therefore, we have:
Variable overhead rate variance = ($8.00 - $7.90) * 910 = $91 favorable
Note: the variable overhead rate variance is said to be favorable becasue standard variable overhead rate is geater than the actual variable overhead rate.
Answer and Explanation:
The preparation of the income statement is presented below:
<u>Particulars Amount </u>
Revenue $160,000
Less:
Rental Costs $30,000
Variable Costs $50,000
Depreciation $10,000
Profit before tax $70,000
Tax at 35% -$24,500
Net Income $45,500
Hence, the net income is $45,500
Answer:
The food and drug industry
Explanation:
The Pure Food and Drug Act of 1906
