Answer:
Adjusted Net Income = $27,180
Explanation:
Calculation of the proper net income
Un-adjusted net income $26,000
<u>Adjustments</u>
+ Adjustment of insurance expense $1,600 ($2400 * 2/3)
- Adjustment of sales revenue $525
+ Adjustment of supplies $435
- Adjustment of interest <u>$330U</u> ($11,000 * 12% * 3/12)
Correct and Adjusted Net Income <u>$27,180</u>
Answer: online is virtual (phone,site,ect) in person is face to face interaction
Explanation:
hope this helpeddddddd
Answer:
Fixed overhead volume variance $540 unfavorable
Explanation:
<em>The fixed overhead volume variance is the difference between the budgeted and actual production volume multiplied by the standard fixed production overhead rate per unit.</em>
Overhead absorption rate = Budgeted Fixed overhead/Budgeted units
= 27,000/1000 =$27 per unit
Unit
Budgeted production 1000
Actual production <u> 980</u>
Volume variance 20
Standard fixed overhead cost $<u>27</u>
Fixed overhead volume variance <u> $540</u> unfavorable
Answer:
2,320 F
Explanation:
The computation of the sales volume variance is shown below:
= 16 connectors × $145
= 2,320 F
The 16 connectors is come from
= 100 connectors - 84 connectors
= 16 connectors
Since the budgeted production volume is of 100 connectors and the actual one is 84 connectors so in this case the budgeted one is greater that results into favorable variance