Answer: C. the coattail effect.
Explanation: Coattail effect refers to situations in which the actions of other franchises in one way or the other affects the success or failure of one particular franchise's business.
Answer:
$3,000 unfavorable
Explanation:
With regards to the above, the fixed overhead spending variance is computed as;
= Actual overhead - Budgeted overhead.
Given that;
Actual overhead =
Budgeted overhead =
= $63,000 - $60,000
= $3,000 unfavorable
Therefore, the fixed overhead spending variance is $3,000 unfavorable
<span>b. $16,400........ would be your answer</span>
Answer:
Cash $3,848
Service Charge Expense ($4,000 ×3.8%) $152
To Sales Revenue $4,000
(Being the record of the sale of merchandise is recorded)
Explanation:
The journal entry is shown below:
Cash $3,848
Service Charge Expense ($4,000 ×3.8%) $152
To Sales Revenue $4,000
(Being the record of the sale of merchandise is recorded)
Since sale is made so we debited the cash it increased the assets plus there is service charge expense so the same is also debited as it increased the expenses and at the same time the merchandise is sold so it would be credited as it increased the revenue