A.Tammy's little sister starts visiting online chat rooms to make friends
Answer:
d. comparing the additional benefits and costs
Explanation:
The correct choice is D because you are making a choice when the marginal benefits are greater than the marginal costs . At this point, opportunity costs are lowered and you want to get the most out of your resources. It is a point when you are thinking about what an additional action means for you if you take it versus not at all.
Answer: See explanation
Explanation:
Actual units sold = 86000
Budgeted units sold = 89000
Budgeted selling price = 59
Budgeted variable cost = 34
Budgeted contribution margin = 59 - 34 = 25
Budgeted market share = 20%
Acual industry volume = 334000
Standard units sold = 20% × 334000 = 66800
Sales activity variance:
= (Actual units sold - Budgeted units sold) × Budgeted contribution margin
= (86000 - 89000) × 25
= -3000 × 25
= 75000 Unfavorable
Market share variance will be:
= (86000 × 25) - (66800 × 25)
= 2150000 - 1670000
= 480000 Favorable
Industry volume variance:
= (66800 × 25) - (89000 × 25)
= 1670000 - 2225000
= 555000 Unfavorable
Answer and Explanation:
The preparation of the bank reconciliation statement for August 31 is presented below:
Miller Co.
Bank reconciliation statement
August 31
Particulars Amount Particulars Amount
Bank cash balance $4,709 Company cash balance $5,162
Add: Less:
Deposits in transit $1,035 Bank service charges -$33
Less: Outstanding Error in recording -$9
Check -$624
Bank balance Company balance
After reconciliation $5,120 After reconciliation $5,120
