Answer:
Fixed overhead absorption rate
= <u>Budgeted fixed overhead</u>
Budgeted activity level
= $<u>12,000</u>
16,000 hours
= $0.75 per hour
Production volume variance
= (Standard hours - Budgeted hours) x Fixed overhead rate
= (16,250 - 16,000) x $0.75
= $187.5(F)
The correct answer is A
Explanation:
First and foremost, we need to calculate fixed overhead absorption rate, which is the ratio of budgeted fixed overhead to budgeted hours. then, we will calculate the production volume variance, which is the difference between standard hours and budgeted hours multiplied by fixed overhead absorption rate.
An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
Answer:
July 1
Dr r Accounts Receivable $83,000
Cr Sales Revenue $83,000
July 9
Dr Cash $81,340
Dr Sales Discount $1,660
Cr Accounts Receivable $83,000
Explanation:
Preparation of the required journal entries for Sheffield Co.
July 1
Dr r Accounts Receivable $83,000
Cr Sales Revenue $83,000
July 9
Dr Cash $81,340
[($83,000 -($83,000 *.02)]
Dr Sales Discount $1,660
($83,000-$81,340)
Cr Accounts Receivable $83,000
In this print ad, the source of the advertising message: <u>is the Minnesota State Tourism Department</u>.
<u>Explanation</u>:
Advertising is an activity of producing advertisements to market the goods or services. Businesses involve in advertising to promote the products or services offered by them. Advertising helps people to know about the product and their uses.
Advertising helps in increasing the sales of the product or services. The middleman service can be removed efficiently and salesmanship can be supported. The consumers can be educated easily about the product.
In the above scenario, Minnesota State Tourism Department promotes Minnesota as vacation destination by advertising.
