The credit balance in the accumulated depreciation account represent: <span> the amount of depreciation taken in past years
In accounting, we must reduce the value every year we held an asset in order to show the true amount of the total asset values. This occurence is called a depreciation. If the amount of depreciation is add-up for several years, this account is called accumulated depreciation
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Answer:
Total variation= $363 favorable
Explanation:
Giving the following information:
Sheridan Company’s standard labor cost per unit of output is $33.00 (3.00 hours x $11.00 per hour). During August, the company incurs 2,970 hours of direct labor at an hourly cost of $12.10 per hour in making 1,100 units of finished product.
Direct labor efficiency variance= (SQ - AQ)*standard rate
Direct labor efficiency variance= (3,300 - 2,970)*11= 3,630 favorable
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (11 - 12.1)*2,970= 3,267 unfavorable
Total variation= 363 favorable
organization isn a group or team that works together to accomplish a task
Walmart visa gift cards are the gift cards that are used to make payments just like the credit or the debit cards used. The benefit with this is that you get a gift with every purchase you make, making it attractive for the buyer.
<u>Explanation:</u>
Walmart visa gift cards are the cards that are used to make payment just like the debit or the credit card. The amount gets deducted directly from the account with every purchase the consumer makes. But the benefit of this is that you get an assured gift with every purchase you make. So this attracts the customers.
Walmart Visa gift cards are acceptable at the places where visa gift cards are acceptable throughout the United States of America and the district of Columbia. These gift cards are not acceptable internationally. These can only be used in the country to make purchases and not in other countries of the world.
Answer:
C. calculating the total output for Portugal
Explanation:
- Aggregate demand can be thought as the total amount of products that are demanded by individuals in an economy, in a certain period of time.
- It is a way of measuring the total output of goods demanded in a territory, periodically.
- Because in equilibria, aggregate demand must equal aggregate supply, thinking about total output (produced and demanded) is correct.
- Because <u>it has to do with all the goods that are demanded,</u> options A and B are not suitable.
