Answer:
Please see attached solution
Explanation:
a. Total manufacturing overhead costs allocated $356,400
b. Variable manufacturing overhead spending variance $40,500U
c. Fixed manufacturing overhead spending variance $17,600U
d. Variable manufacturing overhead efficiency variance $19,500F
e. Production volume variance $39,200F
Please find attached detailed solution to the above questions
Answer:
The answer is: Reed's promise is not enforceable because he is a minor.
Explanation:
Minors (people under 18 years of age) are not allowed to participate in any kind of contract except for essential items like medicine or food.
In order for a promise to be enforceable, Reed's parents must give prior consent. Only if Reed was an emancipated minor would he be able to make contracts or legal promises, but apparently this isn't the case.
Answer:
The question is incomplete ,find below the complete question:
Guardino Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000 respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000 respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000 and work in process at the end of the period totaled $60,000.
The journal entry to record the flow of costs into Department 2 during the period for direct labor is:
Dr Work in Process-Department 2 $60,000
Cr wages payable $60,000
Explanation:
When cash is settled in respect of the wages the wages payable account would debited and cash/bank ledger would be credited.
It would be B, since he’s not rejecting it, and he states his counter off which is “no paper and no extra cartridge “
Amount invested in stocks 5,000 X 0.60 = 3,000
After one year gains 9%
3,000 X ( 1 + 0.09) = 3,270
After second year loses 4%
3,270 X ( 1 - 0.04) = 3,139.2 amount after second year
So Stocks gained 139.2 ( 3139.2 - 3000)
Amount of saving account
5,000 X 0.40 = 2,000
After 2 years
2,200 X ( 1 + 0.049)^(2) = 2,200.802
So gained 200.802 (2200.802 - 2000)
Total amount after 2 years
3,139.2 + 2,200.802 = 5,340.002
Gained 340.002 (5340.002 -5000)