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earnstyle [38]
3 years ago
10

Winston Co. had two products code named X and Y. The firm had the following budget for August:

Business
1 answer:
xenn [34]3 years ago
5 0

Answer:

a. $90,000 favorable

Explanation:

Calculation for what The selling price variance for Product Y is

First step is to calculate the Actual price

Actual price:M=$540,000 ÷ 9,000

Actual price= $60

Now let calculate the selling price variance

Selling price variance=($60 - $50) × 9,000

Selling price variance=$10×9,000

Selling price variance=$90,000 favorable

Therefore The selling price variance for Product Y is $90,000 favorable

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Presented below are certain account balances of Martinez Products Co.
Zepler [3.9K]

Answer:

a. Total net revenue:

= Sales revenue - Sales discounts - Sales returns + Rent revenue + Dividend revenue

= 410,000 - 7,930 - 12,560 + 6,610 + 71,490

= $467,610

b. Net income:

= Total net revenue - Cost of goods sold - Interest expense - selling expenses - income tax expense - administrative expenses

= 467,610 - 179,854 - 13,420 - 99,440 - 28,935 - 75,280

= $70,681

c. Dividends declared:

= Beginning Retained earnings + Net income - Ending Retained earnings

= 114,500 + 70,681 - 134,260

= $50,921

d. Income attributable to controlling shareholders:

= Net income - non-controlling interest:

= 70,681 - 19,240

= $51,441

4 0
3 years ago
What does the credit balance in the accumulated depreciation account represent?
labwork [276]
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
</span>
3 0
3 years ago
If the capital stock ________ while the supply of labor ________, it is likely that the productivity of labor will fall.
liq [111]

If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.

<h3>What is Labor productivity?</h3>

Labor productivity is use to measure the output of a labour based on hourly basis.

Labor productivity is usually determined by the amount of Capital that is investment. This include technological and human capital.

Therefore, If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.

Learn more on productivity here,

brainly.com/question/2992817

5 0
2 years ago
Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers, w
Nataly_w [17]

Answer:

Profit = TR- TC&#10;= x (P) - C(x)&#10;= x(-0.05x+38) - (0.02x^{2} + 3x + 574.77)&#10;= -0.05x^{2} + 38x - 0.02x^{2} - 3x - 574.77&#10;= -0.07x^{2} + 35x -574.77

This profit equation is an equation of a parabola that opens downward (Since A=-0.07<0) and has its vertex at

x= -\frac{B}{2A}  = -\frac{35}{2 (-0.07)}  = 250

Thus, revenue is maximized when x=250 hundred units. At this quantity maximum profit is

P(250)=3800.23 hundred dollars

b. Profits are maximised at x=250 hundred units. The per unit price at this is,

p= -0.05x + 38&#10;= -0.05 (250) + 38&#10;= $25.5


7 0
3 years ago
A COMPANY HAS RECENTLY OURSOURCED ITS PAYROLL PROCESS TO A THIRD-PARTY SERVICE PROVIDER. AN AUDIT TEAM WAS SCHEDULED TO AUDIT PA
Olin [163]
C. The third party is a desperate business. If it sees a major flaw from the third party it could possibly take action but this isn't as much of a worry as one would think.
7 0
3 years ago
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