Answer:
the amount of net income or loss is $39,285
Explanation:
The computation of the amount of net income or loss is shown below:
= Net income + interest earned + unearned revenue - salaries & wages - prepaid insurance
= $38,775 + $375 + $805 - $395 - $275
= $39,285
hence, the amount of net income or loss is $39,285
The same should be considered and relevant
Answer:
join a professional association
Explanation:
Answer:
Direct material price variance
= (Standard price - Actual price) x Actual quantity purchased
= ($10 - $7) x 1,300 pounds
= $3,900(F)
Explanation:
Direct material price variance is the difference between standard price and actual price multiplied by actual quantity purchased.
