Answer:
E
Explanation:
I think this because if the children had'nt rivaled over the brownies, they would've lasted longer.
Answer: <u>The answer is A. $60,000 increase.</u>
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Explanation: 1: The actual units sold multiplied by the budgeted sale price is equal to a total of $440000 (40000 x 11 = $ 440000)
2: The actual units sold multiplied by the actual sale price is equal to $500000 (40,000 x 12.5 = $ 500,000)
3:<u> $500000 - $440000 = </u><u>$60000</u><u> increase by the unit price factor.</u>
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Answer:
(D) $ 4,950
Explanation:
The computation is shown below
As We know that
Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of goods manufactured
where,
Total manufacturing cost = Direct materials used + direct labor cost + manufacturing overhead cost
= $10,000 + $25,800 + $19,200
= $55,000
So, the opening work in process inventory would be
$11,200 = Opening work in process + $55,000 - $48,750
So, the opening work in process is
= $4,950
Answer:
$117500
Explanation:
Taxable loss = $140000 for 2018
Taxable incomes : $25000 for 2015, $35000 for 2016, $40000 for 2017
tax rate = 30%
Net loss on 2018 income statement can be offset by the taxes paid on taxable income for 2 years prior to 2018 ( i.e 2016 and 2017 )
first calculate taxes on taxable incomes for 2016 and 2017
$35000 * 30% = $10500
$40000 * 30% = $12000
hence taxable profit = 10500 + 12000 = $22500
Net loss to be reported on 2018 income statement
= $140000 - $22500 = $117500
