Answer:
c. $820
Explanation:
The computation of the cost of unused capacity is given below:
But before that following calculations need to be done
The Predetermined overhead rate is
= Manufacturing overhead ÷ capacity of jointer
= $15,580 ÷ 380
= $41 per hour
Given that
Actual use of capacity = 360 hours
Now
Unused hours is
= 380 - 360
= 20 hours
And, finally the cost of unused capacity is
= 20 × $41
= $820
Answer:
a. Dr Equipment 68,000
Dr Loss on Exchange 11,000
Dr Accumulated Depreciation 22,000
Cr Equipment 93,000
Cr Cash 8,000
Explanation:
Preparation of the correct journal entry to record the exchange
Based on the information given the correct journal entry to record the exchange will be
Dr Equipment 68,000
(60,000+8,000)
Dr Loss on Exchange 11,000
(71,000-60,000)
Dr Accumulated Depreciation 22,000
(93,000-71,000)
Cr Equipment 93,000
Cr Cash 8,000
(Being to record the exchange)
The answer here is TRUE. A salesperson that is lacking goals is no longer a need in an organization.
Answer:
$18,000 F
Explanation:
Actual overhead– Overhead Budgeted=
Overhead Controllable Variance
Actual overhead=$194,000
Overhead Budgeted=$212,000
$194,000–$212,000
=$18,000 F
(40,000 ×$3.80) + $60,000
=$152,000+$60,000
= $212,000
Therefore the manufacturing overhead controllable variance is $18,000 F
Answer: Negligence of duties
Explanation:
As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.
