Answer:
Profit and loss are directly linked to the amount of money the company is spending to run its business -- its operating expenses. So changes in operating expenses naturally affect owner's equity.
<span>Annualized consumption dropped immensely in November 2008. The 5 years prior to 2008 were some of our strongest yet, also, a GDP of $14 trillion is nothing to balk at. I am thoroughly surprised that the decline we experienced then came so soon after a long streak of winning.</span>
Answer:
$750 favorable ; $200 unfavorable
Explanation:
The computations are shown below:
For fixed overhead budget variance:
= Budgeted fixed overhead - actual fixed overhead
= $47,420 - $46,670
= $750 favorable
For fixed overhead volume variance:
= Budgeted fixed overhead - standard fixed overhead cost allocated to production
= $47,420 - $47,220
= $200 unfavorable
Hence we consider all the given information
Answer:
$150,000
Explanation:
The computation of value of ending inventory under absorption costing is shown below:-
Total Cost per unit = Direct Material per unit + Direct Labor per unit + Variable Overhead per unit + Fixed Overhead per unit
= $5 + $4 + $3 + ( $200,000 ÷ 25,000 units)
= $5 + $4 + $3 + $8
= $20
Ending Inventory in units = Units produced - Units sold
= 25,000 - 17,500
= 7,500
Cost of Ending Inventory = Total Cost per unit × Ending Inventory units
= $20 × 7,500
= $150,000
So, for computing the cost of ending inventory we simply multiply the total cost per unit with ending inventory units.
It is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.
<h3>What is a board of directors and
board of advisors? </h3>
A board of directors refers to the elected group of individuals that represent shareholders while the board of advisors refers to the group of individuals who are appointed to provide counsel businesses.
In conclusion, it is true that there is little distinction between the functions of a board of directors and those of a board of advisers in a wholly owned or closely held corporation.
Read more about board
<em>brainly.com/question/4771644</em>
