We are tasked to determine the action of the company when it sold $12,000 worth of their product which is a bicycle including an extended warranty price. It is estimated that extended warranty amount is 2% of the value of the bicycle of these sales will result in warranty work. The company should recognize or acknowledge the warranty expense and liability of expense at every the end of the year.
Answer:
The direct labor rate variance for November is $34,200
Explanation:
To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used
Standard hourly rate of direct labor hour = $14.40
Actual direct labor hours = 5,000
Standard direct labor cost
= 5,000 × $14.40
= $72,000
Total factory wages are $42,000 in which direct labor is 90%
= $42,000 × 90%
= $37,800
Actual direct labor cost = $37,800
Therefore,
Direct labor rate variance = Standard direct labor cost - Actual direct labor cost
Direct labor rate variance
= $72,000 - $37,800
= $34,200
Answer: True
Explanation:
Microsoft opening a special store inside the shopping buildings of Best buy various branches spread across various locations, enables Microsoft to have stores in various locations without having to build shops. This saves Microsoft from the risk and cost associated with running a full business shopping complex.
Answer:
True
Explanation:
A price discriminating monopolist will set a higher price where demand is more elastic and a lower price where demand is less elastic.
Im not sure sorry...... try searching it up
