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3 years ago

Jazz Division operates as a profit center. It reports the following data.

Business

1 answer:

Snowcat [4.5K]3 years ago

6 0

Answer:

c. $30,000 F

Explanation:

As per the given question the solution of Difference for the controllable margin is provided below:-

To reach at Difference for the controllable margin first we will find the controllable margin of budgeted and controllable margin of actual which are as follows:-

Controllable margin of budgeted = Sales - Variable cost - Fixed cost

= $460,000 - $250,000 - $80,000

= $130,000

and

Controllable margin of Actual = Sales - Variable cost - Fixed cost

= $500,000 - $280,000 - $60,000

= $160,000

finally

Difference for the controllable margin = Controllable margin of budgeted - Controllable margin of Actual

= $130,000 - $160,000

= -$30,000 Favorable

Here the actual is higher that budgeted so it will be favorable.

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Answer:

c. public service advertisement

Explanation:

Public service advertisement -

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4 years ago

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3 years ago

Help fast! Ed and Maria’s gross monthly income is $3,700 and monthly debt is $2,500. What is their debt-to-income ratio to the n

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4 years ago

Read 2 more answers

On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note requir

lisov135 [29]

Answer:

1. Debit Interest Expense $7,000; debit Notes Payable $7,238; credit Cash $14,238.

Explanation:

The journal entry is shown below:

Note payable A/c Dr $7,238

Interest expense A/c Dr $7,000

To Cash A/c $14,238

(Being the first payment on the note is recorded)

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest

= $100,000 × 7%

= $7,000

And, the remaining balance left is reported in the note payable account

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3 years ago

According to the factor price equalization theorem, if country B is labor abundant, then if country B initiates trade with count

yKpoI14uk [10]

Answer:

wages should rise and rents should fall in A

Explanation:

The Factor Price Equalisation Theory states that when two countries trade, the price of identical factors of production will tend to be equalised across the countries. Factors of production include wage rate and rent of capital.

So if a country that is labour abundant trades with another country A there will be tendency for exportation of the excess labour of country B to country A.

As a result country A will become more labour intensive and wages of workers will rise since focus is more on use of labour.

However since less capital will now be used the money spent on renting capital will reduce.

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3 years ago