Answer: Assets
Explanation:
Assets are something that a business owns that is able to bring in money or is a store of value.
All the above mentioned items are considered assets as they fit this description.
Accounts receivable is a current asset which means it has a duration of a period or less.
Equipment, building and land are all fixed assets as they have a duration of more than one period.
Answer:
direct materials quantity variance = 520 Favourable
Explanation:
given data
material = $2 per pound
produced = 1,000 units
Actual Quantity of Material = 5200
cost = $9,880
to find out
direct materials quantity variance
solution
we get here Material Price Variance that is express as
direct materials quantity variance = ( Standard Cost - Actual Cost) Actual Quantity of Material .......................1
put here value we get
direct materials quantity variance = 2- 
× 5200
direct materials quantity variance = 520 Favourable
A subsidized loan is such a loan where the borrower is allowed to borrow up to the cost of attendance less any other aids received.
<h3>What is a subsidized loan?</h3>
A type of education or student loan where the amount to be borrowed is determined as per the cost of the student's attendance, which is subtracted from other financial benefits received in this regard, is known as a subsidized loan.
Hence, subsidized loan is explained as above.
Learn more about subsidized loans here:
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Explanation:
The journal entry to close the books is
Cost of Goods sold A/c Dr $1,200
To Manufacturing Overhead A/c $1,200
(Being the under-applied overhead is recorded)
Since the jobs were undercosted, that means the overhead is applied under overhead so we debited the cost of goods sold account and credited the manufacturing overhead account. Both the items are recorded for $1,200
This is an example of a strength based selection system. It offers a different perspective on the labor pool.
