Answer:
C
Explanation:
Euler Company made an inventory count on December 31, 2014. During the count, one of the clerks made the error of counting an inventory item twice. For the balance sheet at December 31, the effects of this error are overstated no effect overstated
This means the asset is overstate, no effect on liabilities and Euler Company 's equity is overstated
Can you dm me for the answer I’m not home rn I’m trying to help out a lot of people
<span>Fortunately, this is a simple calculation to compute; use the value of your starting direct materials inventory, your direct materials purchased and your direct materials used to find the ending inventory of direct materials.</span>
Answer:
6,000 Hours
Explanation:
Variable overhead efficiency variance = 20,000 U
(SH - AH) * SVR = - 20,000
Actual hours = Standard hours + 20% = 1.20*SH
(SH - (1.20SH) * 20 = - 20,000
-0.20 SH = -20,000/20
-0.20 SH = -1,000
SH = 5,000 Hours
Actual hours = 1.20 * 5,000 Hours
Actual hours = 6,000 Hours
