Answer:
Interest revenue, rent expense and salaries expense
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
So, the categorization is shown below:
Interest revenue, rent expense and salaries expense
Answer:
a. loses
b. gains
c. loses
d. loses
Explanation:
the cost to the buyer, sellers of laptops and desktops would result in the above listed loses or gains.
Explanation:
The Lepidopteran are species that have a wide range of adaptation in the insect world. They have an important part in the natural ecosystem where they are primary pollinators along with being considered as food in the food chain. These are for example the butterfly and moth categories.
Merits: Several Moth and butterfly species are considered to be beneficial where the economic interests are taken in regard. They are good pollinators and are major sources of silk production. In addition, they also pollinate the agricultural flowers.
Demerits: On the contrary, the caterpillars hatching from the eggs of butterflies can be considered as harmful towards large quantities of crops. They feed on these crops and also lay their eggs in there which in turn makes the crops harmful for human consumption.
Answer and Explanation:
a. The computation of the amount deducted as if there is no reimbursement is
= Airfare charges + lodging for 5 days + meals for 5 days at 50% limit + full airport transportation
= $1,500 + $1,920 × 5 days ÷ 8 days + $1,440 × 5 days ÷ 8 days × 50% + $120
= $1,500 + $1,200 + $450 + $120
= $3,270
The unreimbursement travel expenses for an employee is 2% of adjusted gross income
b. The tax treatment in case of the independent contractor
= Airfare charges + lodging for 5 days + meals for 5 days at 50% limit + full airport transportation
= $1,500 + $1,920 × 5 days ÷ 8 days + $1,440 × 5 days ÷ 8 days × 50% + $120
= $1,500 + $1,200 + $450 + $120
= $3,270
It would remain the same in case of the independent contractor also.
a. Standard labor-hours is 7920 hours.
b. Standard labor cost allowed is $42,768.
c. The labor spending variance is $1588(U).
d. The labor rate variance is $1706 and the labor efficiency variance $3294(U).
e. The variable overhead rate is $5971(U) and efficiency variances for the month $5580(U).
<u>Explanation:</u>
a)Standars hours(SH) allowed to make 19800 jogging mates
=SH per unit
19800
=(24/60)*19800
=7920 hours
24/60 has been taken to convert minutes into hours.
b)Standard Labor Cost (SC) of 19800 jogging mates

=$42,768
c)Labour Spending Variance

=$1588(U)
d)Labor Rate Variance

=$1706
Actual Hours(AH) * Actual Rate per hour(AR)= Actual Cost(AC)


Labor Efficiency Variance

=$3294(U)
e) Variable overhead rate variance = Actual hours worked (Standard overhead rate - Actual overhead rate)
= 8530 (4.5 - 5.20)
= $5971(U)
Actual overhead rate = $44,356 / 8530 = 5.20
Variable overhead efficiency variance = Standard overhead rate (Standard hours - Actual hours)
= 4.50 (7290 - 8530)
= $5580(U).