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Nonamiya [84]
3 years ago
6

Determine the variance and indicate if each variance is favorable (F) or unfavorable (U). Variances are absolute numbers so no (

) or - for negative. Amounts are in whole dollars and can contain a $ and a comma or not. For example, $123,456 or 123456. Indicate F or U for each variance. Item Budget Actual Variance F or U Sales price $400 $390 Cost of goods sold $192,500 $180,000 Materials usage $90,000 $89,000 Sales revenue $360,000 $390,000 Selling & Admin Expense $24,500 $20,000
Business
1 answer:
Natasha2012 [34]3 years ago
4 0

Answer:

Item                     Budget        Actual    Difference    F/U    

Sales price          $400            $390          $10             U

COGS                  $192,500     $180,000  $12,500       F

Materials usage  $90,000      $89,000    $1,000         F

Sales revenue     $360,000   $390,000  $30,000      F

Sell&Admin Exp, $24,500      $20,000    $4,500         F

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When Job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. A total of 1,00
DaniilM [7]

Answer:

d.$12.40

Explanation:

The computation of the  per unit cost is shown below:

= Total cost ÷ Number of units produced

where,

Total cost = Direct material cost + Direct labor cost + Factory overhead cost

= $4,400 + $5,600 + $2,400

= $12,400

And, the units produced = 1,000 units

So per unit cost equal to

= $12,400 ÷ 1,000 units

= $12.40

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3 years ago
Recently Anheuser-Bush, an American Corporation, and InBev, a Belgian Corporation, finalized a multibillion dollar merger to for
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Answer:

Horizontal merger

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As seen in the question below, both companies are beer companies and are consolidating or merging to form the largest beer company in the world. This wold give them a global coverage as opposed to the few countries they were restricted to before the merger.

Cheers.

4 0
3 years ago
A flood damaged several vans belonging to a nongovernmental, not-for-profit organization. A professional mechanic repaired the v
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Answer:

b. As both an increase in the equipment account and an increase in contributions from donated services.

Explanation:

When the flood damages the vehicles there was a loss in the value of the organisation's equipment. The actor of restoring it to its previous state will require an addition to equipment account. So there will be an increase in equipment.

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There is no expense recorded as the services were performed for free.

5 0
3 years ago
Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl
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Answer:

Dr Work in Process 574,000

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Cr Wages Payable 737,000

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Preparation of the journal entry to record the direct and indirect labor costs incurred during the year

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(574,000+163,000)

(Being to record direct and indirect labor costs incurred )

3 0
3 years ago
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