Answer:
2nd option is correct.
Explanation:
Variable over head = (Actual Qty. - Standard Qty. ) * Standard cost
Efficiency variance
= (10125-9000) * 30
= $ 33750 (Un-Favorable)
2nd option is correct.
Variance is unfavorable because actual quantity used to produce is more than budgeted quantity allowed at that level of production.
Answer:
The common size percentage for the cost of goods sold is 48.05%
Explanation:
The profit margin reflects a company's overall ability to turn income into profit, is calculated by formula:
Profit margin = Net income/Net sales
Delmont movers has a profit margin of 6.2 percent and net income of $48,900
Net sales of the company = Net income/Profit margin = $48,900/6.2% = $788,709.68
The cost of goods sold amounted to $379,000.
The common size percentage for the cost of goods sold = (The cost of goods sold/Net sales) x 100% = ($379,000/$788,709.68) x 100% = 48.05%
Answer:
TRUE - Analytics
Explanation:
Analytics is the systematic process of finding, interpreting and communicating meaningful patterns found in data. Ot involves the examination of data using mathematical methods.
The online retailer used analytics in order to understand the consumers behaviors and then to be able to make decisions from result gotten rather than the use of "gut" feeling or intuition which isn't backed by data or facts.
The use of analytics in business making decisions generally improves profits margins, efficiency and risk management.
Answer:
The addition to retained earnings is $121,400.
Explanation:
Net Income = $192,400
Dividend = $71,000
use Following formula to calculate the addition to retained earning
Addition to Retained Earning = Net Income - Dividend paid
Addition to Retained Earning = $192,400 - $71,000
Addition to Retained Earning = $121,400
So, the addition to retained earnings is $121,400
If a consumer doesn't pay off their entire credit card balance it becomes a debt that will continue to accrue interest and eventually will end up in collections
