Answer:
Explanation:
Solution:
1.
These reports seems not be the correct tool to calculate the performance. These reports compared to the main performance against the budgeted / planned sales level and budget or standard are not adjusted for under achievement of sales. If sales are less then variable cost should also be incurred less and its not wise to compare the main cost for lower sale volumes against budgeted expenses against higher sales revenue.
2.
The budget figure or benchmark figures for the variable expenses should be adjusted for actual level of revenue and then actual expenses incurred should be compared and variance should be calculated
3.
Revised performance report: Planning Adjusted Actual Budget budget result Variance Machine hours 40000 35000 Variable cost: 32000 28000 29700 1700 (A) Supplies scrap 20000 17500 19500 2000 (A) Indirect
Answer:
many other sellers are offering a product that is essentially identical.
Explanation:
Answer:
depreciation expense 1,664 debit
accumlated depreciation 1,664 credit
-- to record depreication from Jan 1st to September 1 --
cash 10,920 debit
accumulated depreciation 10,400 debit
machinery 20,800 credit
gain at disposal 520 credit
--to record sale of equipment --
Explanation:
We calculate the depreciation from December 31th 2017 to September 1st 2018
2,496 x 8/12 = 1,664
this will be the depreciation for the year up to sale date.
accumulated depreciation: 10,400
<u>sale:</u>
10,920
<u>book value</u>
20,800 - 10,400 = 10,400
result at dispossal: 10,920 - 10,400 = 520
Answer:
B
Explanation:
as if u share a business then the time and management is also shared
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