Answer:
The correct answer is letter "A": Merchandise Inventory.
Explanation:
Lower-of-cost-or-market value is a strategy by which the costs of inventory on the company's Balance Sheet is reported at historical value -purchase cost- or market value, whatever it is lower. The lower-of-cost-or-market approach considers the value of inventory can change, meaning it can increase but it can decrease as well. For both purposes, the lower-of-cost-or-market value can be used. This technique follows the Generally Accepted Accounting Principles (GAAP).
Therefore, <em>merchandise inventory, which can fluctuate in price during a period, is reported using the lower-of-cost-or-market value method.</em>
Answer and Explanation:
The computation is shown below:
a. The labor rate variance is
= (standard rate - actual rate) × actual labor hours
= ($20 - $19.50) × 64,000
= $32,000 favorable
b. The labor efficiency variance is
= (standard hours - actual hours) × standard rate
= (62,500 - 64,000) × $20
= -$30,000 unfavorable
c. the total flexible budget variance is
= standard cost - actual cost
= ($1,250,000 - $1,248,000)
= $2,000 favorable
Answer:
$4
Explanation:
Every year, the bond will make a year of 1% of 100.
1% of $100 is equal to
=1/100 x $100
=0.01 x 100
=$1
In four years, the bond will have made $1 X 4
=$4 dollars
Answer: (D) Small
Explanation:
A small business plays an important role in the US (United states) economy as the small business basically contributing in the various types of local economical growth and also in the GDP (Gross domestic product).
The small type of business is also helps in proving the various types of employment related opportunities in the corporation o the basis of small business administration.
According to the given question, the small business is basically paying 42% in the private payroll in the united states and approximate 37% to the workers such as computer programmers, scientists and the engineers.
Therefore, Option (D) is correct answer.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Daguio Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $305,040. At the end of the year, actual direct labor-hours for the year were 16,800 hours, manufacturing overhead for the year was underapplied by $16,800, and the actual manufacturing overhead was $299,040.
under allocation= real MOH - allocated MOH
16,800= 299,040 - allocated MOH
282,240= allocated MOH
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
282,240= Estimated manufacturing overhead rate*16,800
16.8=Estimated manufacturing overhead rate
