Answer:
Actual Direct material cost = $81,500
Actual Direct labor cost = $187,500
Actual manufacturing overhead = $272,000
Explanation: kindly see attached picture for detailed explanation.
Variances ; Standard Cost Unfavorable Favorable Direct materials $ 80,000 Price variance $ 4,500 Quantity variance $ 3,000 Direct labor 184,000 Rate variance 2,700 Efficiency variance 6,200 Manufacturing overhead 271,000 Spending variance 4,000 Volume variance 5,000 Determine the actual costs incurred during the month of May for direct materials, direct labor, and manufacturing overhead.
There needs to be more information.
Financial aid is financial support given to individuals (students) who are furthering their education.
The support can be provided from donors, corporations, individuals, sponsors and the University itself.
Statement D is correct about financial aid: Financial aid is available to community college students. The other statements are not: A: Also private colleges offer financial aid. B: It does not have to be true that most sports team members will get financial aid. C: Every student can qualify for financial aid.
Answer:
D. Debit cash $50,000; credit short-term debt $10,000; credit long-term debt $40,000
Explanation:
The journal entry for the given transaction is shown below:
Cash Dr $50,000
To Short term debt $10,000
To Long term debt $40,000
(Being the raised of loan is recorded)
For recording this we debited the cash as it increased the assets and credited the short term debt and long term debt as it also increased the liabilities
hence, the correct option is D.
