Answer and Explanation:
a. The computation of the budget variance of the month of April is shown below:
= Actual fixed manufacturing overhead costs - budgeted fixed manufacturing overhead costs
= $249,900 - $245,000
= $4,900 unfavorable
b. The volume variance is
= (Denominator machine-hours - Standard machine-hours allowed) × Budgeted fixed overhead rate
= (7,000 machine hours - 7,300 machine hours) × $245,000 ÷ 7,000 machine hours
= $10,500 favorable
I believe the answer would be $110,000; $50,000
On December 31st Griffen Publishing Company should debit Unearned Fees, - $1,161 and credit Fees Earned $1,161.
To solve for the first year = (total amount received/number of months) x accrued number of months
($1,546/36 months) x 9 months = $387
$387 dollars was earned the first year from the subscription.
To solve for the second year, subtract the total amount of $1,546 by the first years total of $387 and the amount that is left is from year two.
($1,546 - $387) = $1,546
Answer: The answers are given below
Explanation:
A. What is the ACNielsen organization attempting to measure?
ACNielsen organization attempting to measure the Television Rating Point of the major television network. The TRP helps us to know the programmes that the viewers watch the most.
B. What is the population?
The population will have to be the viewers who watch the programmes and the television networks in the United States.
C. Why would a sample be used for this situation?
Sampling is when few people are selected from a larger population in order to carry out an experiment. In this situation, sampling is required because gathering data from the larger population will be time consuming and costly.
D. What kinds of decisions or actions are based on the ACNielsen studies?
A new strategy can be devised by the television networks of they know the number of people or the particular age group who normally watches the programmes, then they can tune their strategy towards that direction.
Answer:
1) For the equipment that was sold, determine its original cost, its accumulated depreciation, and the cash received from the sale.
- original cost = $9,800
- accumulated depreciation = $1,020
- cash received = $5,980
2) Sanchez Company uses the indirect method for the Operating Activities section of the cash flow statement. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Operating Activities?
- the loss on sale of equipment ($2,800) should be added to the cash flows from operating activities.
3) What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Investing Activities?
- the cash received ($5,980) should be added to the cash flow from investing activities
Explanation:
equipment cost = beginning equipment - ending equipment = $20,000 - $10,200 = $9,800
equipment's accumulated depreciation = beginning accumulated depreciation + depreciation expense - ending depreciation = $1,950 + $860 - $1,790 = $1,020
book value = $9,800 - $1,020 = $8,780
cash received = book value - loss = $8,780 - $2,800 = $5,980
