Answer:
Labour time (efficiency) variance = $9,984 unfavorable
Explanation:
<em>The labour time variance is the dollar value of the difference between the standard time allowed for the actual output produced and the actual time used.</em>
Hours
Standard hours ( 960 units × 7.2 hours ) = 6,912
Actual hours <u>7,680</u>
Time variance 768 Unfavorable
× standard labour rate <u>× $13</u>
Variance <u> $9,984 </u>Unfavorable
Answer:
the amount of units that should be sold in the case when there is a zero profit is 10,000 units
Explanation:
The computation of the amount of units that should be sold in the case when there is a zero profit is given below:
No. of units to be sold is
= Fixed Cost ÷ Contribution per unit
= $200,000 ÷ $20
= 10,000 units.
hence, the amount of units that should be sold in the case when there is a zero profit is 10,000 units
Answer:
$504,000
Explanation:
Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker.
The consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction will be:
Journal entries
Dr. Cash (12000 shares x $47)..................................$564,000
Cr. Common Stock (12,000 shares x $5).................................$60,000
Cr. Additional Paid-In Capital [(12,000 shares x ($47-$5)].$504,000
Being issue of common of $5 per share at the price of $47 per share
Answer:
<em>One of the biggest dangers concerning the manipulation of our natural needs by advertisers is with </em><em><u>prescription</u></em><em><u> </u></em><em><u>drugs</u></em>
Explanation:
<em>Prescription</em><em> - a drug that can be obtained by means of a physician's prescription </em>
Answer:
711,300
Explanation:
Net cash generated from operating activities can be calculated by deducting and adding back the cash and non-cash items respectively from the net income for the year. Such as depreciation will be added back in net income due to it is a non-cash expense
Net Income 624,000
Depreciation and amortization 87,000
Decrease in accounts receivable 22,000
Increase in inventories (9,200)
Increase prepaid expenses (8,500)
Increase in salaries payable 10,000
Decrease in income taxes payable (14,000
)
Net cash generated from operating activities 711,300
