Answer: Option (B) is correct.
Explanation:
Net sales = Gross sales - Sale return
= $3,600,000 - 34,000
= $3,566,000
Gross profit = Net sales - COGS
= $3,566,000 - $1,200,000
= $2,366,000
Total Income = Gross profit - S& A expense - Prior period expense + Gain on sale of securities + Gain on disposal of business segment
= $2,366,000 - $500,000 - $59,000 + $8,000 + $4,000
= $1,819,000
Net Income for Year 2 = Total Income - [email protected]%
= $1,819,000 - $545,700
= $1,273,300
I think its answer B because if they are sending more out then they are producing then it most likely going to decrease
Answer:
Variable overhead cost variance = $2,949.80
Explanation:
As per the data given in the question,
Actual overhead cost = $15,000
Actual hours = 490
Actual cost = $30.61 per hour
Standard overhead cost = $15,000
Standard hours = 610
Budgeted cost = $24.59 per hour
Variable overhead cost variance = Actual hours × (Actual cost per hour - Standard cost per hour)
= 490 × ( $30.61 - $24.59 )
= $2,949.80
Answer:
The cash balance per books at April 31, 2013 is $28,200.
Explanation:
It is required to compute the Balance per bank on 30, April:
Balance per bank on 30 April = Balance per bank statement + Deposits - Disbursement
= $37,200 + $46,700 - $49,700
= $83,900 - $49,700
= $34,200
The Cash balance per books on April 30, 2013 is computed as:
Cash balance per books on April 30, 2013 = Balance per bank on 30 April - Cleared the outstanding checks
= $34,200 - $6,000
= $28,200.
