Answer:
The strategy for China seems to be to use the resources that Africa has in its hands from the small groups that control parts of the continent in order to fund themselves as well as help increase revenue for the countries that allow them to do so.
Explanation:
Answer:
"2000 units" is the right solution.
Explanation:
The given values are:
Transferred from WIP,
= 53,000 units
Units sold,
= 61,000 units
Beginning inventory,
= 10000 units
Now,
The total number of finished goods will be:
= 
On substituting the values, we get
= 
= 
in accrual basis accounting, revenue is recorded when the seller's product is shipped or service is provided.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
Even though the cash for the transaction has not yet been exchanged, accruals are earnings or expenses that have an influence on a company's net income on the income statement. Due to the non-cash assets and liabilities they involve, accruals also have an impact on the balance sheet.
To know more about Accrual-based accounting CLICK HERE:
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Answer:
5,220 hours
Explanation:
Lets summarize the information first,
Actual Hours = 5,140
Actual Indirect labor cost = $2,056
Spending Variance = $257 Unfavorable
Activity Variance = $28 Favorable
We can reverse work for budgeted labor hours, first for the standard rate,
Spending variance = Actual hours * Standard rate/hour - Actual Overheads
-257 = 5140x - 2056
x = (2056-257)/5140
x = 0.35/hour (This is the standard over head rate )
Activity Variance = Standard rate*Standard hrs - Standard rate*Actual Hrs
28 = 0.35y - 0.35*5140
Solving for y,
y = 1827/0.35
y = 5,220
So budgeted hours for Stolen Horse Corporation were = y = 5,220 hours
Hope that helps.
