Answer:
The answer is overapplied overhead
Explanation:
Overapplied overhead occurs when the total amount of factory overhead costs assigned to produced units constitutes more overhead than was actually incurred in the period.
Answer:
Item a
Debit : Salaries Expense $1,700
Credit : Salaries Payable $1,700
Item b
Debit : Depreciation expense $200
Credit : Accumulated depreciation $200
Item c
Debit : Insurance expense $350
Credit : Prepaid Insurance $350
Item d
Debit : Supplies expenses $110
Credit : Office Supplies $110
Item e
Debit : Unearned revenue $400
Credit : Revenue Earned $400
Item f
Debit : Accounts Receivable $900
Credit : Service Revenue $900
Explanation:
The adjusting entries for the month of December have been prepared above.
Answer:
Specialization has helped in these four ways:
1. Has created economics of scale in Nigeria, which improve economic efficiency and increase output while reducing average costs at the same time.
2. Has improved the agricultural sector, which continues to be very important for the Nigerian economy.
3. Has helped bring the electrification of the country.
4. Has helped raise the standard of living in the country, because in general terms, the larger the economy, the higher the standard of living.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The standards for the railroad cars are as follows: Standard tons of direct material (steel) per car 22 Standard cost per ton of steel $16.00 During March, the company produced 1,500 cars. Related production data for the month follows: Actual materials purchased and used (tons) 7,000 Actual direct materials total cost $118,000
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (33,000 - 7,000)*16= $416,000 unfavorable
In a conventional marketing channel members of the channel pursue their own goals and maximize their own profits regardless of the effect on other channel members.
The administered marketing system is a type of distribution channel organization. In this type, they operate under direct ownership
This is a situation whereby goods that are moved from the producer to the final consumer are controlled by the authority of just a member instead of all other channel members.
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