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3 years ago

Warner Company has the following data for the past year:

Business

1 answer:

jenyasd209 [6]3 years ago

8 0

Answer:

The overhead variance for the year is $ 30000 and is Favorable/overapplied.

Explanation:

Overhead variance = Actual overhead - Applied overhead

= $470,000 - $500,000

= - $30000

Therefore, the overhead variance for the year is $ 30000 and is Favorable/overapplied.

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Bas_tet [7]

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3 0

2 years ago

Suppose that we want the number of male employees in each department making more than $30,000, rather than all employees (as in

DanielleElmas [232]

Answer:

The query may still be specified in SQL by using a nested query as follows (not all

implementations may support this type of query):

SELECT DNAME, COUNT (*)

FROM DEPARTMENT, EMPLOYEE

WHERE DNUMBER=DNO AND SEX='M' AND DNO IN ( SELECT DNO

FROM EMPLOYEE

GROUP BY DNO

HAVING AVG (SALARY) > 30000 )

GROUP BY DNAME;

Explanation:

7 0

3 years ago

A total-cost curve shows the relationship between the

Tanzania [10]

The answer has to be a

5 0

3 years ago

A broker is an agent who: A. Trades on the floor of an exchange for himself or herself. B. Offers new securities for sale to dea

Annette [7]

Answer:

Specializes in bringing buyers and sellers together.

Explanation:

A broker can be defined as an individual or a firm that acts as a middleman between the buyers and the sellers. A broker is a licensed agent that is permitted to purchase or sell stocks and other investments.

A broker carries out the role of a trusted intermediary in various financial transactions. Brokers receive their commissions through a percentage gotten from the purchase or sale of an asset or stock.

3 0

3 years ago

Meir, Benson and Lau are partners and share income and loss in a 3:2:5 ratio. The partnership's capital balances are as follows:

sertanlavr [38]

Answer:

Journal Entry

a) Debit Capital- Benson $138,000 Credit Capital-North $138,000

b) Debit Capital- Benson $138,000 Credit Capital-Schmidt $138,000

c) Debit Capital-Benson $138,000 Credit Bank $138,000

d) Debit Capital-Benson $138,000 Debit Capital-Meir $28,500 Debit Capital-Lau $47,500 Credit Bank $214,000

e) Debit Capital-Benson $138,000 Debit Accumulated Depreciation $23,000 Credit Cash $30,000 Credit Equipment $70,000 Credit Capital-Meir $22,875 Credit Capital-Lau $38,125

Explanation:

a and b are the same with the same amount of capital transferred from one partner to another partner, it is just a matter of derecognizing Benson and recognize North or Schmidt.

c) Partner Benson is paid cash her capital,

d) decrease in meir's Capital = 214,000-138,000 = 76,000*3/8= $28,500

Decrease in Lau's Capital Account = $76,000 5/8 = 47,500

Excess funds are taken from capitals or income summary account of the partnership which will affect the capitals of the remaining partners

e) Meir's Capital = $138,000 -(70,000-23,000+30,000)

= $138,000-77,000

= $61,000*3/8 =$22,875

Lau = $61,000*5/8 =38,125

The Capital Accounts of the remaining partners will increase because of the gain made on buying out the leaving partner.

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3 years ago