Answer:
1. $4,400 Favorable
2. $14,000 Unfavorable
3. $9,600 Unfavorable
Explanation:
The computation of given question is shown below:-
1. Variable factory overhead Controllable Variance
= $142,600 - 6,000 × 24.5
= $142,600 - $147,000
= -$4,400
= $4,400 Favorable
Where, 24.5 = standard rate - fixed overhead rate
= $28 - $3.5
= $24.5
2. Fixed factory overhead volume variance
= $35,000 - 6,000 × $3.5
= $35,000 - $21,000
= $14,000 Unfavorable
3. Total factory overhead cost variance
= ($142,600 + $35,000) - (6,000 × $28)
= $177,600 - $168,000
= $9,600 Unfavorable
Answer:
its c
Explanation:
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Answer:
Given that,
Cost of goods manufactured = $1,486,000
Cost of goods sold (unadjusted) = $1,337,000
Therefore, the journal entry for the transfer of completed goods from WIP to Finished goods is as follows:
Finished Goods A/c Dr. $1,486,000
To Work in process $1,486,000
(Being transfer of completed goods from work in process to finished goods recorded)
Answer with Explanation:
There are so many factors affecting the demand for a particular commodity. Four of these are: the price of the complements, the income of buyers, changes in trend and advertisements.
1. The price of the complements - Some commodities are complementary with each other, just like cars and gas. If the <em>price of cars decreases</em>, then many people will purchase their own cars, which also follows that <em>the demand for gas will increase.</em>
2. The income of buyers - If the income of a person increases, then he will most likely purchase a particular commodity because he can afford it and has an extra money to purchase goods.
3. Changes in trend - Many people purchase goods because they're on trend. For example, if flare pants are fashionable this year, then the demand for it will increase. Once they're no longer on trend, the demand will drop.
4. Advertisements - The more advertisements a company spends on, the more likely buyers will purchase a specific commodity.
