<span>Salary is the correct answer. </span>
Answer:
Production Budget
Explanation:
Production Budget is usually substituted <em>with</em> Purchasing budget for a retail company.
The operating budget usually consist of the:
- production budget,
- manufacturing overhead budget.
However, for a retail company that usually do not produce their products or inventory but purchase them, the Production Budget is usually substituted <em>with</em> Purchasing budget or merchandise inventory to be purchased; meaning since they do not have raw materials they<em> substitute </em>the number of units to be purchased, to the number of units to be produced.
Answer:
Non-controlling interest in net income decreased would have by $6,000
Explanation:
The computation of net income is shown below:-
Profit on Intra-Entity Sales = Revenue - Cost of goods sold
= $200,000 - $140,000
= $60,000
Profit on Intra-Entity Sales × 25% still in Ending Inventory
= $60,000 × 25%
= $15,000
Adjustment to Net Income × 40% for Non-controlling Interest
= $200,000 × 25% × 30% × 40%
= $6,000
Net profits will go decline by $6,000
Answer:
Total materials variance = (Actual quantity * Actual price) - (Standard quantity * Standard price)
= 2,850 - (230 * 14.4)
= 462 (Favourable)
Materials price variance = (Standard price - Actual price) * Actual quantity
= [1.8 - (2,850/1,500)] * 1,500
= 150 Unfavourable
Materials quantity variance = (Standard quantity - Actual quantity) * Standard price
= [(230 * 8) - 1,500] * 1.8
= 612 Favourable
Total labour variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)
= 19,458 - (230 * 84)
= 138 Unfavourable
Labour price variance = (Standard rate - Actual rate) * Actual hours
= [14 - (19,458/1,410)] * 1,410
= 282 Favourable
Labour quantity variance = (Standard hours - Actual hours) * Standard rate
= [(230 * 6) - 1,410] * 14
= 420 Unfavourable
Answer:
$ (-4t+872)
Explanation:
Earning for 1 hour as a tutor= $10
Earnings for 1 hour as a waitress= $14
Total hours worked in the month combined jobs= 83 hrs
Number of hours worked as a tutor for the month= t
Finding the number of hours worked as a waitress for the month= 83-t hours
Total amount earned that month = amount earned as a tutor+ amount earned as a waitress
Amount earned as a tutor= $10 × t = $10t
Amount earned as a waitress= $14× (83-t)= $ (1162-14t)
Total amount earned combined= $ 10t + $ (1162-14t)
=$ ( 10t-14t +1162)
= $ (-4t+872)
