Answer:
Variable overhead rate variance = $2,870 favorable
Explanation:
Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.
This computed as follows:
$
17,130 hours should have cost ( 17,130 ×7.20) 123336
but did cost <u>120,466</u>
Variable overhead rate variance <u> 2870
</u> Favorable
Variable overhead rate variance = $2,870
Answer:
Cassini Company Ltd
Date Account Titles and Explanation Debit Credit
Nov 2017 Cash (6,300*$28) $176,400
Unearned subscription revenue $176,400
(To record the receipts of subscription)
Dec 2017 Unearned subscription revenue $14,700
Subscription revenue ($176,400*1/12) $14,700
(To record the revenue earned)
March '18 Unearned subscription revenue $44,100
Subscription revenue ($176,400*3/12) $44,100
(To record the revenue earned)
Answer:
b. cash , inventory, accounts receivable, accounts payable and risk management
Explanation:
Working capital is defined as a measure that shows how a company is operating efficiently and it's ability to meet the short term financial obligations.
When a business working capital is properly managed, then the business will be healthy financially hence operate successfully and able to meet up with it's daily obligations.
A good working capital manager must be able to make use of working capital management to maintain balance between profitability, growth and liquidity. The role of working capital manager is also to manage cash, inventory, accounts receivable and payable and risk management.
A working capital manager must be able to manage cash that will be used for a business daily operation, must ensure the business inventories are properly managed and accounted for. It's duty also include risk management as he is responsible for making decisions regarding day to day finance of a business operation; the success or failure in terms of meeting up with short term financial obligation depends on him.
