Answer:
The variance is: $ 0.50 per direct labor hour.
Explanation:
Actual payroll = $117,000/6000h = $19.50 per hour
So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour
<u>A)</u><u> Both Central Bank A and Central Bank B should </u><u>increase</u><u> the </u><u>quantity</u><u> of </u><u>money.</u>
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<h3><u>What is the Central Bank?</u></h3>
A financial institution with exclusive authority over the creation and distribution of money and credit for a country or a group of countries is known as the central bank. In contemporary economies, the central bank is typically in charge of monetary policy formulation and member bank regulation. Inherently non-market-based or even anti-competitive institutions are central banks. Many central banks, despite the fact that some have been nationalized, are not part of the government and are therefore frequently hailed as being politically independent. However, even though a central bank isn't technically the government's property, its rights are still created and safeguarded by the law.
Learn more about central banks with the help of the given link:
brainly.com/question/24171524?referrer=searchResults
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The amount that Robert will pay in unemployment taxes for the entire year will be B. $0.
<h3>Determination of Unemployment Taxes Payable</h3>
Employers are subject to an unemployment tax which is known as Federal Unemployment Tax Act (FUTA) depending on the wages and salaries they pay their workers.
Employers must pay FUTA if their employees earn $1500 or more per calendar quarter.
Employers are not obligated to withhold FUTA from employees if we compare it to other payroll-based taxes.
As a result, no unemployment taxes should be deducted from Robert's pay.
Learn more about unemployment tax here: brainly.com/question/15049474.
Answer:
The Journal entry for each of the transaction is as follows:
(i) On June 1,
Cash A/c Dr. $5,000
To Oleg Thorn's capital A/c $5,000
(To record the capital invested)
(ii) On June 2,
Equipment A/c Dr. $3,600
To accounts payable $3,600
(To record the purchase of equipment on account)
(iii) On June 3,
Rent Expense A/c Dr. $800
To cash A/c $800
(To record the rent paid)
(iv) On June 12,
Accounts receivable - K. Johnsen A/c Dr. $400
To service revenue $400
(To record the service revenue)
The accounts to be debited and credited for each transaction is as follows:
(i) On June 1,
Debit = Cash and Credit = Oleg Thorn's capital
(ii) On June 2,
Debit = Equipment and Credit = accounts payable
(iii) On June 3,
Debit = Rent Expense and Credit = cash
(iv) On June 12,
Debit = Accounts receivable - K. Johnsen and Credit = service revenue
