Answer:
Please find the detailed answer as follows:
Explanation:
a) Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated total units in the allocation based
Predetermined overhead rate = 600,000 / 500,000 = 1.2 perunit
b) Total fixed cost spending variance = Actual fixed overhead cost - Estimated overhead cost
= 599,400 - 600,000
= 600 (F) Favourable
c) Total fixed cost volume variance = Actual fixed overheads - Estimated fixed overheads
Actual fixed overheads = Estimated fixed overhead rate * Actual units produced
= 1.2 * 508,000 = $609,600
Total fixed cost volume variance =$ 609,600 - $600,000 = $9600 (F) Favourable
There is not enough information to have a significant answer
Answer:
Gutierrez Company
Cash Flow statement
for the year 2017
$
Net Income 225,000
+ Depreciation 45,000
+ Decrease in receivable 15,000
+ Increase in payable 17,000
+ Decrease in prepaid expenses <u> 4,000 </u>
Net cash flow from operating activities <u>306,000</u>
Explanation:
Depreciation is an non cash expense so it will be added to the net profit for the calculation of cash flow from operating activities. Decrease in receivable, Increase in payable and decrease in prepaid expenses result in the inflow of cash. So, they are all added in the operating income value.
Answer: Option A
Explanation: In simple words, trade surplus refers to the economic condition under which a country's value of goods sold to other countries, that is, exports is greater than the value of goods it purchases from other countries ,that is, imports.
Trade surplus is seen as a positive indicator of economic growth as a country in surplus will behaving more money to invest in public core services and wont be spending their tax collections on interest and loans taken by international assignations such as IMF or world bank.
Hence from the above we can conclude that the correct option is A.
Her expected gain is $7,000 based on the information shown on the question above. This problem can be solved by using the expected value formula which stated as EV = W*Pw-L*Pw where EV is the expected value, W is the win value, Pw is the probability of winning, L is the lost value and Pl is the probability of losing<span>. Calculation: 7,000 = (40,000-5,000)*0.3 - 5,000*(1-0.3)</span>