Answer:
Variable overhead cost variance = $2,949.80
Explanation:
As per the data given in the question,
Actual overhead cost = $15,000
Actual hours = 490
Actual cost = $30.61 per hour
Standard overhead cost = $15,000
Standard hours = 610
Budgeted cost = $24.59 per hour
Variable overhead cost variance = Actual hours × (Actual cost per hour - Standard cost per hour)
= 490 × ( $30.61 - $24.59 )
= $2,949.80
Answer:
$337,975
Explanation:
The computation of operating cash flow is shown below:-
Sales $1,585,500
2100 × $755
Less: Variable cost $546,000
2,100 × $260
Less: Fixed cost $589,000
Less: Depreciation $129,000
Earning before tax $321,500
Tax at 35% $112,525
EAT $208,975
Add: Depreciation $129,000
Operating cash flow $337,975
Therefore the operating cash flow is $337,975
A. Define the Problem first before take action.
Answer:
The correct answer is A. indicates an increase in the amount owed to creditors.
Explanation:
It groups all the accounts that represent the obligations contracted by the economic entity in development of the ordinary course of its activity, payable in money, goods or services.
It includes financial obligations, suppliers, accounts payable, taxes, levies and fees, labor obligations, deferred, other liabilities, estimated liabilities, provisions, bonds and business papers.
The accounts that make up this class will always have credit balances.
The liabilities expressed in foreign currency on the last day of the month or year, will be adjusted based on the exchange rate representative of the market at that date, recording such adjustment as a higher value of the liability charged to the results of the year, except when it should activate.
Answer: Income statement shows the performance for the year. Balance sheet shows the financial position at the end of the year. Cash flow statement shows the sources and uses of cash.
Explanation: From the above we can categorize the given elements as follows:-
A. assets = balance sheet
B. revenues = income statement
C. cash flow from investing activities = cash flow statement
D. Stockholders equity = Balance sheet
E. Expenses = income statement.
F. Net change in cash = cash flow statement
G. Net income = Income statement
H. Liabilities = Balance sheet
